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Trigon Metals Inc
Symbol TM
Shares Issued 174,927,807
Close 2023-06-07 C$ 0.22
Market Cap C$ 38,484,118
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Trigon drills 76 m of 1.48% Cu, 8.9 g/t Ag at Kombat

2023-06-08 10:47 ET - News Release

Mr. Jed Richardson reports

TRIGON CONFIRMS 76M AT 1.48%CU AND 8.9G/T AG -- 22 METRES FROM THE PLANNED EAST 600 PIT AT ITS KOMBAT MINE, NAMIBIA

Trigon Metals Inc. has released drill results from the East 600 planned open pit, at the Kombat mine in Namibia. These holes were drilled to confirm known historical mineral resources drilled previously by the prior owner from the underground. These results are new to the East 600 area and represent some of the longest mineralized intercepts drilled from surface. East 600, also referred to as the ore-capping zone, is located 400 metres east of the main pit and has been incorporated into the company's resource plan and mine plan.

Highlights of the drill results:

  • Hole 2 intersected 4.34 m of 1.56 per cent copper from 37 m.
  • Hole 3 intersected 10 m of 1.14 per cent Cu from 40 m.
  • Hole 4 intersected 76 m of 1.48 per cent Cu and 8.9 grams per tonne silver from 22 m, including:
    • 13 m of 1.46 per cent Cu and 5.7 g/t Ag from three m;
    • 21 m of 3.54 per cent Cu and 17.9 g/t Ag from 49 m;
    • 11 m of 1.39 per cent Cu and 5.61 g/t Ag from 87 m.

Mining update

Trigon has now completed one full month of mining at Kombat, and the ramp-up to full mining production is going well. The goal for May was 120,000 tonnes of mined rock, and 124,000 tonnes were mined. May was strictly waste tonnes, but high-grade mineralization has been exposed in several areas of the pit. The first ore tonnes are scheduled to be mined toward the end of June.

Blasts have occurred on schedule once a week. This schedule will be maintained until the mill starts at the end of July, whereupon blasts are scheduled twice a week. The company anticipates mining rates will average 8,000 tonnes per day when the mine is in full operation. However, in start-up mode mining rates have reached up to 10,000 tonnes on days when the team has pushed to test capacity.

Jed Richardson, Trigon's president and chief executive officer, commented: "Current drilling at East 600 is increasing our confidence of adding more high-grade ore and reducing our overall strip ratio. We will continue to test areas around the planned open pits, East 400, East 600 and East 900, as potential sources for adding near-surface, high-grade ore. In addition, drilling is planned for the Otavi area, 12 kilometres west of the Kombat mining permit, to test the limbs of our 35 km of mineralized strike length corridor."

The assays have been prepared and classified by Trigon Mining (Namibia) (Pty.) Ltd., in accordance with the reporting guidelines set out in National Instrument 43-101 -- Standards of Disclosure for Mineral Projects, as required by the Canadian Securities Administrators.

Quality assurance/quality control

All sample assay results have been monitored through the company's quality assurance/quality control program following E2941 -- 21 Standard Practices for Extraction of Elements from Ores and Related Metallurgical Materials, by four-acid digestion with ICPOES 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. The sample size was three kg, crushed and split to 250 g (plus/minus 0.5 g).

Qualified person

The technical information presented in this press release has been reviewed and approved for disclosure by Fanie Muller, PEng, vice-president of operations of Trigon, who is a qualified person as defined by NI 43-101.

About Trigon Metals Inc.

Trigon is a publicly traded Canadian exploration and development company, with its core business focused on copper and silver holdings in mining-friendly African jurisdictions. Currently, the company has operations in Namibia and Morocco. In Namibia, the company holds an 80-per-cent 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 redevelopment of the past-producing Kombat mine. In Morocco, the company is the holder of the Silver Hill project, a highly prospective copper and silver exploration project.

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