Trigon Metals Initiates Project Restart Activities and Surface Drilling Program
TRIGON METALS INITIATES PROJECT RESTART ACTIVITIES AND SURFACE DRILLING PROGRAM
Toronto, Canada – September 5, 2017 – Trigon Metals Inc. (TSX -V: TM) ( “Trigon” or the
“Company”) is pleased to announce that it has initiated various operations restart activities at the
Company’s Kombat project located in northern Namibia (“Kombat”), including a drilling program.
Restart activities
The Company is concurrently progressing various workstreams regarding its strategy to bring the
Kombat Mine back into production.
The Company has engaged an environmental consultant , SLR Environmental Consulting (Namibia)
(Pty) Ltd, to assist with securing the environmental permits required for open pit mining, as well as
those needed for exploration activities for underground mining, which is the second phase of the
Company’s strategic plan for operations at Kombat.
Metallurgical testwork has been commissioned on historic drill cores from the open pit mining
areas to evaluate ore grades and achievable recoveries, as well as to optimize future comminution
and flotation parameters. Initial test results should be available within the next month.
The Company is also engaged in advanced discussions with several potential offtake partners and
is assessing various opportunities for marketing its product when production has recommenced.
Drilling program
An infill drilling program is focused on the Kombat Central and East open pit mi ning areas with the
primary aim being to upgrade the current Mineral Resource s from the Inferred category to
Measured and Indicated Mineral Resources. A total of 43 holes are planned for this program, with
an aggregate of 1,996 meters to be drilled. Thereafter, the Company plans to un dertake
additional drilling to : (i) increase the current open pit Mineral Resource within the current pit
boundaries, (ii) drill the gap between the Central and East pits, which is outside of the existing pit
boundaries, and (iii) test potential to the nor th and west of these areas. The three phase drilling
program to extend the current Mineral Resource comprises a further 34 holes, with an aggregate
of 1,437 meters to be drilled.
The drill ing program and protocols for the drilling, sampling and QA /QC have been designed by
Minxcon (Pty) Ltd to ensure compliance with database requirements for resource modelling
purposes.
It is the Company’s intention to mobili ze drills to site on a contract basis as soon as possible , with
the infill drilling anticipated to take approximately 6 weeks from mobilization to complete.
Stephan Theron, President and CEO of Trigon, commented: “These are all exciting steps for Trigon
in completing the first phase of its operational strategy, re-starting open pit mining at Kombat.
We are bullish on the copper market and believe that a re-start of Kombat is well timed in current
market conditions.”
Stock options
Trigon has granted a total of 275,000 stock options to certain consultants of the Company
pursuant to the Compa ny’s stock option plan. The stock options may be exercised at a price of
$0.35 per option for a period of five years from the date of grant. This grant of options is subject
to the approval of the TSX Venture Exchange.
Trigon Metals Inc.
Trigon is a publicly traded Canadian exploration and development company with its core business
focused on copper operations in Namibia, one of the world’s most prospective copper regions,
where it has substantial assets in place with significant upside. T he Company continues to hold an
80% interest in five mining licenses in the Otavi Mountain lands, an area of Namibia widely
recognized for its high -grade copper deposits. Within these licenses are three past producing
mines including the Company’s flagship property, the Kombat Mine.
For further information, contact:
Spyros Karellas
Investor Relations +1 (416) 433-5696
Email: [email protected]
Website: www.trigonmetals.com
Cautionary Notes
This news release may contain forward -looking statements. These statements i nclude statements
regarding the planned drilling program and Mineral Resource e stimate, the Company’s strategies
and the Company’s abilities to execute such strategies, the Company’s ability to restart the Kombat
operations, the Company’s expectations for the Kombat operations, the Company’s future plans
and objectives, and the grant of stock options. 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.