Trigon Metals: 15.5m with 5.56% Cu & 81.4 g/t Ag Mineralization Intercepted at Kombat, Namibia
Trigon Metals: 15.5m with 5.56% Cu & 81.4 g/t Ag Mineralization
Intercepted at Kombat, Namibia
TORONTO--(BUSINESS WIRE)--January 23, 2024--Trigon Metals Inc. (TSX-V: TM;
OTCQB: PNTZF) (“Trigon” or the “Company”) announces results from confirmation drilling at
the Kombat Mine in Namibia (the “Project”) with key highlights from the drilling campaign. The
reported results are from the shallow areas of 1 Shaft (Asis West Shaft) adjacent to the historic
Omega Shaft from 100 years ago. The 1 Shaft area still contains high-grade zones of
mineralization to be accessed from the underground.
Highlights of the Drill Results
Several confirmation holes near 1 Shaft have been completed. These drillholes were targeting
orebodies adjacent to historic workings and close to existing development thus allowing for near-
term mining during the ramp-up stage of underground operations. The holes listed below have
extended the known mineralization and mineable tonnage in the zone.
K15FLW02: 306° azimuth; -88.7° dip
Intersected 9.0m with 2.59% Cu & 36.7 g/t Ag, from 26m;
Intersected 9.3m with 1.35% Cu & 17.2 g/t Ag, from 49m;
K15FLW03: 92.1° azimuth; -89.1° dip
Intersected 15.5m with 5.56% Cu & 81.4 g/t Ag, from 10m;
K15FLW09: 329° azimuth; -86.4° dip
Intersected 9.8m with 1.01% Cu & 14.4 g/t Ag, from 10.2m;
Intersected 7.0m with 1.44% Cu & 23.4 g/t Ag, from 25m;
Intersected 6.0m with 1.91% Cu & 37.3 g/t Ag, from 43m;
K15FLW11: 82.1° azimuth; -87.2° dip
Intersected 18.0m with 6.15% Cu & 81.8 g/t Ag, from 18m;
Andy Rompel, Trigon’s Vice President of Exploration, commented, “We are pleased with the
drilling results at the 1 Shaft area. These findings further demonstrate the high-grade copper and
silver potential copper potential within our licences and solidify our confidence in the
exploration and development potential of the Kombat project."
Jed Richardson, Executive Chairman, commented, “Dewatering has progressed well in the past
weeks. The water level has been lowered 238m, past the 7th level and beyond our 6th level goal
necessary to start underground mining.”
As previously announced, the Company remains on track to initiate underground mining
beginning in Calendar Q2 this year. As we prepare for this stage Trigon Metals anticipates
increased operational efficiency and enhanced resource extraction following the promising drill
results that have showcased the substantial mineralization within the targeted zones.
The assays have been prepared and classified by Trigon Mining (Namibia)(Pty) Ltd in
accordance with the reporting guidelines as set out in National Instrument 43-101 – Standards of
Disclosure for Mineral Projects (“NI 43-101”) as required by the Canadian Securities
Administrators.
Quality Assurance & Quality Control (QA/QC):
All sample assay results have been monitored through the Company's quality assurance / quality
control (QA / QC) program following E2941 − 21 Standard Practices for Extraction of Elements
from Ores and Related Metallurgical Materials by 4 acid Digestion with ICPOES finish. Drill
core was sent to an independent laboratory, African Laboratory Specialists Namibia (“ALS”), for
analysis. ALS is an independent laboratory, located in Kombat, Namibia. Core samples were
prepared using the ASTM procedures. Sample size: 3 kg, crushed split to 250g weighed sample
(+/- 0.5000g).
Qualified Person
The technical information presented in this press release has been reviewed and approved for
disclosure by Fanie Müller, P.Eng, VP Operations of Trigon, who is a Qualified Person as
defined by NI 43-101.
Trigon Metals Inc.
Trigon is a publicly traded Canadian exploration and development company with its core
business focused on copper and silver holdings in mine-friendly African jurisdictions. Currently,
the company has operations in Namibia and Morocco. In Namibia, the Company holds an 80%
interest in five mining licences in the Otavi Mountainlands, an area of Namibia widely
recognized for its high-grade copper deposits, where the Company is focused on exploration and
re-development of the previously producing Kombat Mine. In Morocco, the Company is the
holder of the Silver Hill project, a highly prospective copper and silver exploration project.
Cautionary Notes
This news release may contain forward-looking statements. These statements include statements
regarding the Kombat Mine, the mineralization of the Kombat Mine, the Company’s exploration
plans and results thereof, the prospectivity of the Company’s projects, the economic viability of
the Kombat Mine, the Company’s ability to restart underground operations and the Company’s
future plans and objectives. These statements are based on current expectations and assumptions
that are subject to risks and uncertainties. Actual results could differ materially because of
factors discussed in the management discussion and analysis section of our interim and most
recent annual financial statements or other reports and filings with the TSX Venture Exchange
and applicable Canadian securities regulations. We do not assume any obligation to update any
forward-looking statements, except as required by applicable laws.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accept responsibility for the
adequacy or accuracy of this release
Contacts
For further information:
Jed Richardson
+1 647 276 6002
Website: www.trigonmetals.com