Trigon Metals Announces First Underground Mining Blast at Kombat
Trigon Metals Announces First Underground Mining Blast at Kombat
TORONTO--(BUSINESS WIRE)--February 5, 2024--Trigon Metals Inc. (TSX-V: TM,
OTCQB: PNZTF) ("Trigon" or the "Company") is pleased to announce the commencement of
operational training for the underground mine at the Kombat project ahead of schedule, marked
by the successful blasting of the first block.
The early initiation of the underground operational training underscores Trigon's commitment to
operational excellence and efficient project delivery. The first blast was initiated on Thursday,
February 1, 2024 at the Asis West shaft’s No. 1 level.
The first underground blast represents a key step towards unlocking the full potential of the
Kombat project and realizing its strategic importance in the copper market. The significant
milestone sets the stage for enhanced project economics as the Company enters a new
operational phase that is expected to exploit higher copper grades at depth as indicated by the
resource statement and resource models which were reconfirmed through surface and
underground confirmatory drilling, an important step towards positioning Trigon as a key player
in the copper market and facilitating the long-term sustainability and profitability of the Kombat
Mine.
Fanie Müller, Vice President of Operations at Trigon Metals, remarked, "Congratulations to our
team who managed to achieve this milestone earlier than anticipated after months of detailed
design and planning. The focus now is on safely mining the higher-grade ore from the upper
levels of the Asis West shaft complex and building on the underground ramp-up profile over the
next couple of months.”
Knowledge Katti, Namibian Businessman and local partner of Trigon Metals, commented, “We
extend heartfelt congratulations to the entire team for their exceptional efforts in accelerating the
commissioning process. This achievement is a testament to the commitment and proficiency of
our Namibian personnel. We are confident that this early success sets the stage for a robust
operational phase, leading us towards sustained growth and value creation for our shareholders
and the community of Kombat.”
Trigon Metals remains focused on advancing its projects responsibly and sustainably, prioritizing
environmental stewardship and social engagement throughout the mining lifecycle.
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) accepts responsibility for the adequacy or accuracy
of this release.
Contacts
For further information, please contact:
Jed Richardson
+1 647 276 6002
Website: www.trigonmetals.com