Trigon Provides Additional Details of Kombat Trend Drilling, Namibia
Trigon Provides Additional Details of Kombat Trend Drilling, Namibia
TORONTO--(BUSINESS WIRE)--February 22, 2023--Trigon Metals Inc. (TSX-V: TM;
OTCQB: PNTZF) (“Trigon” or the “Company”) announces additional results from the drilling of
new mineralization targets at its Kombat Mine in Namibia (the “Project”) with key highlights
from the drilling campaign. The reported results are from the East 400 area, 150 metres east of
the Kavango Pit, discussed in recent press releases (August 4, September 15, and November 9,
2022 and January 21, 2023), the implications being a favourable confirmation of the Kombat
trend mineralization.
Highlights of the Drill Results
Hole 4C (358 azimuth, -58 dip)
- 13m, 1.78%Cu, from 28m
Hole 4D (356 azimuth, -55 dip)
- 3m, 2.69%Cu, 28.7g/tAg, from 22m
Hole 5C (2 azimuth, -85 dip)
- 10m, 1.53%Cu, from 21m
Hole 6C (352 azimuth, -52 dip)
- 12m, 1.98%Cu, from 41m
The holes reported are from drilling testing gaps in the known mineralization previously thought
to be barren. Holes 4C, 4D, 5C and 6C are verification holes testing continuity between areas
previously drilled. The results are some of the longest intercepts drilled from surface and with
both sulfide and oxide mineralization.
Jed Richardson, Trigon’s President and CEO, commented, “We are working towards a first blast
in the open pit in April as planned. The team is now working on a detailed mine plan and the
mine contractor is currently working on our tailings facility and they have all of the necessary
equipment in place for start-up.”
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.
Table of Drilling Highlights
Hole ID X Y Depth Azimuth Dip Significant and
Selected
Intersections
Date of
News
Release
CenMid01 74588.147 253430.329 36.20 350.1 -
77.0
5.1m of 3.0% copper and 13.6 g/t silver,
from 8.0m,
August 4,
2022
6.9m of 1.6% copper and 13.5g/t silver,
from 16.1m.
CenMid01A 74759.065 253547.147 41.69 180.0 -
76.8
11.0m of 2.6% copper, 75.0m down the
hole
August 4,
2022
CenMid02 74649.512 253475.398 58.08 201.6 -
67.4
9.0m of 2.7% copper and 9.1 g/t silver,
from 44.0m
August 4,
2022
CenMid04 74679.864 253481.351 77.65 177.8 -
61.7
6.0m of 2.4% copper and 5.6 g/t silver,
from 55.0m
2m of 1.2% copper, from 67m.
August 4,
2022
Infill05 74813.689 253508.664 76.00 186.6 -
70.7
2m of 1.0% copper from 23.0m
4.0m of 0.8 copper from 28.0m
7.0m of 1.4% copper from 40.0m (see
Figure 3)
August 4,
2022
Infill06 74829.500 253512.902 79.15 181.0 -
73.2
6.0m of 1.2% copper from 20.0m
10.0m of 1.7% copper from 56.0m
August 4,
2022
E400-5B 74965.000 253526.000 83.19 180.0 -
50.0
4.0 m at 7.67 % copper and 10.73 g/t
silver from 35.0m
3.0 m at 0.98 % Cu from 67.0 m.
Sept 15, 2022
E400-07A 74995.713 253539.191 88.23 180.0 -
70.0
2.0 m at 1.19 % copper and 9.98g/t silver
from 33.0m.
Sept 15, 2022
E400-07B 74994.991 253524.036 72.85 167.9 -
49.0
4.0m of 2.25% copper and 5.49g/t silver
from 30.0m
3.0m or 1.02 copper and 4.19g/t silver
from 42.0m.
Sept 15, 2022
E400-07C 74995.000 253545.000 93.85 180.0 -
55.0
6.0m of 1.02% copper and 10.42 g/t silver,
from 50.0m
Sept 15, 2022
CenEast 00 74752.736 253494.518 112.38 184.8 -
71.1
19m at 1.18%, from 64-83m
3m at 3.24% copper and 11.75 g/t silver,
from 101-104m
November 9,
2022
Hole V01 74989.941 253533.340 78.30 172.7 -
58.8
7m at 2.22% copper and 27.13 g/t silver,
from 56-63m
November 9,
2022
Hole V03 74974.992 253535.389 114.30 183.5 -
53.3
47m at 1.20% copper and 5.35 g/t silver,
from 28-75m
November 9,
2022
E400-02A 74917.375 253527.117 112.35 181 -
71.8
8m, 1.10% Cu, from 94-102m
January 19,
2023
E400-02B 74917.444 253526.135 114.85 172.7 -
58.8
9m at 0.9% copper 9-18m and
11m at 0.9% copper 68-79m
January 19,
2023
E400-04A 74949.328 253533.278 73.20 184 -
43.2
5m at 3.98% copper and 8.7 g/t silver 44-
49m
January 19,
2023
E400-04B 74950.352 253518.725 84.85 172 -
49.4
17m at 1.0% copper and 15.50 g/t silver 0-
17m
January 19,
2023
E400-04C 253,476 1,603 61.2 358 -58 13m, 1.78%Cu, from 28m
February 22,
2023
E400-04D 253,503 1,608 51.9 356 -55 3m, 2.69%Cu, 28.7g/tAg, from 22m
February 22,
2023
E400-05C 253,489 1,609 76.0 2 -85 10m, 1.53%Cu, from 21m
February 22,
2023
E400-06C 253,477 1,607 87.8 352 -52 12m, 1.98%Cu, from 41m
February 22,
2023
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 ICP-OES 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.
Renmark Financial to Host Virtual Non-Deal Roadshows this Week
Trigon will be participating in two live Virtual Non-Deal Roadshow sessions on Thursday,
February 23, 2023. Trigon welcomes stakeholders, investors, and other individual followers to
register and attend this live event.
The presentation will feature Jed Richardson, Chief Executive Officer and President and Aidan
Sullivan, Vice-President, Investor Relations. Topics to be covered will include the latest investor
presentation followed by a live Q&A. Investors interested in participating in this event will need
to register using the links below. As a reminder, registration for the live event may be limited but
access to the replay after the event will be on The Company’s Investor website.
Click a link below to register:
Thursday, February 23, 2023
10:00 a.m. ET: https://www.renmarkfinancial.com/live-registration/renmark-virtual-non-deal-
roadshow-tsx-v-tm-otcqb-pntzf-2023-02-23-100000
4:00 p.m. ET: https://www.renmarkfinancial.com/live-registration/renmark-virtual-non-deal-
roadshow-tsx-v-tm-otcqb-pntzf-2023-02-23-130000
Please access this link using the latest version of Google Chrome to ensure smooth connectivity.
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
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.
This news release may contain forward-looking statements. These statements include statements
regarding the Project, the mineralization of the Project, the Company’s exploration plans and
results thereof, the prospectivity of the Project, the economic viability of the Project, the
Company’s ability to restart 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