Trilogy Metals Files NI 43-101 Technical Report for the Arctic Feasibility Study
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News Release
Trilogy Metals Files NI 43-101 Technical Report
for the Arctic Feasibility Study
October 2, 2020 - Vancouver, British Columbia – Trilogy Metals Inc. (TSX / NYSE
American: TMQ) ("Trilogy Metals” or the “Company”) has filed on a voluntary basis a National
Instrument 43 -101 technical report titled " Arctic Feasibility Study Alaska, USA NI 43 -101
Technical Report" with an effective date of August 20, 2020 and a release date of October 2,
2020 with the United States Securities and Exchange Commissio n and the securities
regulatory authorities in each of the provinces of Canada. A copy of the report is available at
www.edgar.com, www.sedar.com and on the Company’s website at www.trilogymetals.com.
The Feasibility Study ("FS") was prepared for the Arctic Copper-Zinc-Lead-Silver-Gold Project
(“Arctic Project”) located in the Ambler mining district of Northwestern Alaska . The Arctic
Project is held by Ambler Metals LLC, the joint venture operating company equally owned by
Trilogy and South32 Limited. The FS was prepared on a 100% ownership basis, of which
Trilogy’s share is 50% , and under National Instrument 43 -101 standards by independent
consultant, Ausenco Engineering Canada Inc. of Vancouver, Canada . The Company also
engaged Wood Canada Limited to complete mine planning and SRK Consulting (Canada) Inc.
to complete tailings and waste design, hydrology and water management studies.
About Trilogy Metals
Trilogy Metals Inc. is a metals exploration and development company which holds a 50 percent
interest in Ambler Metals LLC which has a 100 percent interest in the Upper Kobuk Mineral
Projects (“UKMP”) in northwestern Alaska. On December 19, 20 19, South32, which is a
globally diversified mining and metals company, exercised its option to form a 50/50 joint
venture with Trilogy . The UKMP is located within the Ambler Mining District which is one of
the richest and most-prospective known copper-dominant districts located in one of the safest
geopolitical jurisdictions in the world. It hosts world- class polymetallic volcanogenic massive
sulphide (“VMS”) deposits that contain copper, zinc, lead, gold and silver, and carbonate
replacement deposits which h ave been found to host high -grade copper and cobalt
mineralization. Exploration efforts have been focused on two deposits in the Ambler mining
district - the Arctic VMS deposit and the Bornite carbonate replacement deposit. Both deposits
are located within land package that spans approximately 1 72,636 hectares. The Company
has an agreement with NANA Regional Corporation, Inc., a Regional Alaska Native Corporation
that provides a framework for the exploration and potential development of the Ambler mining
district in cooperation with local communities. Our vision is to develop the Ambler mining
district into a premier North American copper producer.
Company Contact
Patrick Donnelly
Vice President Corporate Communications & Development
604-630-3569
TSX / NYSE American
Symbol: TMQ
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604-638-8088 or 1-855-638-8088
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Cautionary Note Regarding Forward-Looking Statements
This press release includes certain "forward -looking information” and "forward- looking
statements” (collectively "forward -looking statements”) within the meaning of applicable
Canadian and United States securities legislation including the United States Private Securities
Litigation Reform Act of 1995. All statements, other than statements of historical fact,
included hereinare forward -looking statements. Forward -looking statements are frequently,
but not always, identified by words such as "expects”, "anti cipates”, "believes”, "intends”,
"estimates”, "potential”, "possible”, and similar expressions, or statements that events,
conditions, or results "will”, "may”, "could”, or "should” occur or be achieved. These forward-
looking statements may include stateme nts regarding perceived merit of properties; the
exploration potential of the UKMP; and other statements that are not statements of fact .
Forward-looking statements involve various risks and uncertainties. There can be no
assurance that such statements will prove to be accurate, and actual results and future events
could differ materially from those anticipated in such statements. Important factors that could
cause actual results to differ materially from the Company's expectations include the risks
and uncertainties disclosed in the Company’s Annual Report on Form 10-K for the year ended
November 30, 2019 filed with Canadian securities regulatory authorities and with the United
States Securities and Exchange Commission and in other Company reports and docu ments
filed with applicable securities regulatory authorities from time to time. The Company's
forward-looking statements reflect the beliefs, opinions and projections on the date the
statements are made. The Company assumes no obligation to update the for ward-looking
statements or beliefs, opinions, projections, or other factors, should they change, except as
required by law.