Trigon’S Metallurgical Testwork Yields Positive Recoveries and Concentrate Grades
TRIGON’S METALLURGICAL TESTWORK YIELDS POSITIVE RECOVERIES AND CONCENTRATE
GRADES
Toronto, Canada – November 30, 2017 – Trigon Metals Inc. (TSX -V: TM) ( “Trigon” or the
“Company”) is pleased to announce positive results in respect of the metallurgical testwork
commissioned on historic drill cores from the targeted open pit mining areas at the Company’s
Kombat mine in Namibia.
Trigon has completed the metallurgical testwork in two phases; firstly to determine the
concentrate grade and recoveries achievable using known historic flotation conditions, and
secondly, optimization testing to maximize recoveries with minimum quantities of reagents.
Testwork results achieved have demonstrated copper recoveries of 93.6% at a concentrate grade
of 25.5%, which are improved results on the achievable recoveries and concentrate grades used
for the purposes of the Company’s preliminary economic assessment (“PEA ”). In addition, the
testwork concludes that the combined copper sulphide/oxide flotation of the targeted open pit
ore is possible.
The PEA is summarized within the Company’s National Instrument 43 -101 compliant technical
report entitled “NI 43 -101 Technical Report on the Ko mbat Copper Project, Namibia” dated May
31, 2017 which is available under the Company’s profile on SEDAR at www.sedar.com and on the
Company’s website at www.trigonmetals.com. The PEA is preliminary in nature, and it in cludes
inferred mineral resources that are considered too speculative geologically to have the economic
considerations applied to them that would enable them to be categorized as mineral reserves.
There is no certainty that the preliminary economic assessment will be realized.
Variability testing on the optimized flotation conditions is expected to be completed by February
2018 and the results will be used in the feasibility study to be undertaken on the surface mining
areas, as announced on October 26, 20 17. The feasibility study will also include a pre -feasibility
design on the Asis Far West underground mine, in order to progress the Company’s strategy to re -
commence underground mining, while achieving its first phase target of open pit production for
early cash flow generation.
Stephan Theron, President and CEO of Trigon, commented: “We are extremely pleased with the
results of the metallurgical testing to date, and to be able to communicate continued positive
progress with the Kombat mine development. We remain on track for commencement of open
pit production in 2018.”
The Company does not have a current feasibility study and is not basing its decision to restart
mining activities on any estimated mineral reserves or on a feasibility study regarding t he
economic or technical feasibility of the Kombat project. Historically, projects that are
re-commenced prior to completing a feasibility study have a higher risk of economic or technical
failure. Estimates regarding production levels, development timet able and economic feasibility in
respect of the Kombat mine are based on internal management forecasts and are inherently
uncertain and subject to continued refinement.
Qualified Person
The technical and scientific contents of this press release have b een prepared under the
supervision of and have been reviewed and approved by Fanie Muller, 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 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 licen ces in the Otavi Mountain lands, an area of Namibia widely
recognized for its high -grade copper deposits. Within these licen ces are three past producing
mines including the Company’s flagship property, the Kombat Mine.
For further information, contact:
Blake Hylands
Investor Relations +1 (416) 216 5445
Email: [email protected]
Website: www.trigonmetals.com
Cautionary Notes
This news release may contain forward -looking statements. These statements i nclude statements
regarding the results of metallurgical testwork, the realization of the PEA for the Kombat mine, the
ability to complete a feasibility study, the mineralization of the Kom bat mine, the Company’s
strategies and the Company’s abilities to execute such strategies, the Company’s ability to
adequately finance its activities, the Company’s ability to restart the Kombat operations, the
expectations of future cash flow, the grantin g of applicable permitting, the Company’s
expectations for the Kombat 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.