trigonmetals

Trigon Closes Acquisition of Copper King Extension at Kombat in Namibia

13 June 2023 by trigonmetals

TORONTO — Jun 13, 2023 — Trigon Metals Inc. (TSX-V: TM; OTCQB: PNTZF)T (“Trigon”
or the “Company”) is pleased to announce that it has closed the acquisition of exclusive
prospecting licence 8529 (“EPL 8529” or the “Licence”) referred to as the Copper King
Extension, as announced on January 30, 2023, which significantly expands its land
holding in Namibia. The Licence surrounds Trigon’s Kombat and Gross Otavi projects in
the Otavi Mountainland, a region associated with high grade copper and silver
mineralization.

EPL 8529 is situated on the Kombat trend, the mineralized structure on which the Kombat
project is located and covers an area of 5,614 hectares in the Grootfontein District of the
Otjozondjupa Region, between the towns of Otavi to the west and Grootfontein to the
east.

From a geological perspective, the Licence represents a potential strike extension of the
Kombat project, with various known mineral occurrences on the property. Trigon
management has extensive knowledge of the area and plans to implement an exploration
program in conjunction with its ongoing exploration work on the Kombat project areas.
On June 5, 2023, Trigon received confirmation from the Ministry of Mines and Energy in
Namibia, that the Minister had approved the transfer of the Licence from the seller, Otjiwa
Mining and Prospecting CC, to Trigon with effect from May 24, 2023. This was the final
outstanding condition for the closing of the acquisition.

The purchase consideration for the Licence comprises a cash price of N$1,750,000
(approximately C$122,556) and the issuance of 84,129 Trigon common shares to the
vendor. The Trigon shares are subject to a four-month statutory hold period.
The transaction is an arm’s length transaction for the purposes of the policies of the TSX
Venture Exchange (the “TSXV”) and the transaction qualifies as an “Expedited
Acquisition” under TSXV Policy 5.3.

EPL 8529 is valid for a period of three years from November 9, 2022 to November 8,
2025.

Jed Richardson, President & CEO of Trigon Metals, commented, “Drill exploration of
targets on the Copper King Extension will start in the coming weeks. The large number
of copper showings fuel our expectations for new discoveries along the 35km of
strikelength.”

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.

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
This news release may contain forward-looking statements. These statements include
statements regarding EPL 8529 and the acquisition thereof, the prospectivity of EPL
8529, the planned exploration program for Kombat and EPL 8529, the Company’s
strategies and the Company’s abilities to execute such strategies, the Company’s
expectations for Kombat and EPL 8529, 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.

For further information, contact:
Jed Richardson
+1 647 276 6002
jed.richardson@trigonmetals.com
Website: www.trigonmetals.com

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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

8 June 2023 by trigonmetals

CORRECTION NOTICE: Reissued with corrections to column headings in attached tables

TORONTO — Jun 8, 2023 — Trigon Metals Inc. (TSX-V: TM; OTCQB: PNTZF) (“Trigon” or the “Company”) announces drill results from the East 600 planned open pit, at the Kombat mine in Namibia (the “Project”). 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 400m east of the main pit and has been incorporated into our resource plan and mine plan.

Highlights of the Drill Results

Hole 2
Intersected 4.34m, 1.56% Cu, from 37m

Hole 3
Intersected 10m, 1.14% Cu, from 40m

Hole 4
Intersected 76m at 1.48%Cu, 8.9g/t Ag from 22m, including:

– 13m, 1.46% Cu, 5.7g/t Ag, from 3m, and
– 21m, 3.54%Cu, 17.9g/t Ag from 49m, and
– 11m, 1.39%Cu, 5.61g/t Ag from 87m.

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 120,000t of mined rock, and 124,000t 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 towards 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. We anticipate mining rates will average 8,000 tpd when the mine is in full operation. However, in start-up mode mining rates have reached up to 10,000t on days when the team has pushed to test capacity.

Jed Richardson, Trigon’s President and CEO, 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, 12km west of the Kombat mining permit to test the limbs of our 35km of mineralized strike-length corridor.”

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.

Figure 1: Map of the Kavango Program Area Showing the Location of Holes 2, 3 and 4 in the Kavango East Area The holes 2, 3 and 4 are located the heart of the Kavango Trend in the East 600 (Ore Cap) Pit.

Figure 2: Cross Section – Hole 2 Figure 2 shows the modelling done before the drilling of OC0002(Dip-60). It shows a copper intersection between 25-41.34m with 1.10% Cu between 35-41.34m.

Figure 3: Drill Core — Hole 2 The core pictured shows visible sulfide mineralization.

Figure 4: Cross Section – Hole 3 Figure 4 shows the modelling done before the drilling of OC0003(Dip-69.9). It shows a copper intersection between 3-65.15m with 1.14% Cu over 10m between 40-50m.

Figure 5: Drill Core from Hole 3 The core pictured in Figure 5 shows the clearly visible sulfide mineralization.

Figure 6: Cross section — Hole 4 Figure 6 shows the modelling done before the drilling of OC0004(Dip-44.3). This shows a copper intersection between 4-107, with traces of copper oxide between 4-7m, with copper sulfide mainly between 22-107m. There are three ore pockets, 1.26% Cu over 15m between 22-37m, 3.13%Cu over 24m between 47-71m and 1.29% Cu over 12m between 86-98m.

Figure 7: Drill Core from Hole 4 The core pictured in Figure 7, again shows shiny golden-coloured chalcopyrite mineralization (copper mineral) throughout the drill core.

Table of Drilling Highlights

Hole	From (m)	To (m)	Length (m)	Cu%	Pb%	Zn%	Ag (ppm)
OC0002	37.00	38.00	1.00	2.81	0.36	0.01	2.50
OC0002	38.00	39.00	1.00	2.75	0.44	0.01	2.50
OC0002	39.00	40.00	1.00	2.76	2.9	0.01	9.32
OC0002	40.00	41.34	1.34	2.71	2.3	0.01	6.73
OC0003	40.00	41.00	1.00	2.81	3.21	0.01	9.37
OC0003	41.00	42.00	1.00	2.80	0.24	0.01	2.50
OC0003	42.00	43.00	1.00	2.77	0.15	0.01	2.50
OC0003	43.00	44.00	1.00	2.84	3.07	0.01	2.50
OC0003	44.00	45.00	1.00	2.83	1.45	0.01	2.50
OC0003	45.00	46.00	1.00	2.81	0.73	0.01	2.50
OC0003	46.00	47.00	1.00	2.80	0.34	0.01	2.50
OC0003	47.00	48.00	1.00	2.80	0.16	0.01	2.50
OC0003	48.00	49.00	1.00	2.84	0.42	0.01	2.50
OC0003	49.00	50.00	1.00	2.84	1.58	0.01	12.62
OC0004	22.00	23.00	1.00	2.85	0.81	0.92	2.50
OC0004	23.00	24.00	1.00	2.79	0.25	0.005	2.50
OC0004	24.00	25.00	1.00	2.87	2.97	0.01	12.47
OC0004	25.00	26.00	1.00	2.82	2.26	0.005	2.50
OC0004	26.00	28.00	2.00	2.80	2.47	0.005	2.50
OC0004	28.00	29.00	1.00	2.85	2.9	0.02	18.05
OC0004	29.00	30.00	1.00	2.77	0.57	0.005	5.68
OC0004	30.00	31.00	1.00	2.78	0.2	0.005	2.50
OC0004	31.00	32.00	1.00	2.78	0.65	0.005	2.50
OC0004	32.00	33.00	1.00	2.79	2.2	0.005	15.67
OC0004	33.00	34.00	1.00	2.75	0.64	0.005	2.50
OC0004	34.00	35.00	1.00	2.74	0.64	0.005	2.50
OC0004	35.00	37.00	2.00	2.81	0.53	0.005	2.50
OC0004	37.00	39.00	2.00	2.77	0.03	0.005	2.50
OC0004	39.00	41.00	2.00	2.76	0.03	0.005	2.50
OC0004	41.00	42.00	1.00	2.81	0.005	0.005	2.50
OC0004	42.00	43.00	1.00	2.79	0.06	0.005	2.50
OC0004	43.00	44.00	1.00	2.76	0.28	0.005	2.50
OC0004	44.00	47.00	3.00	2.78	0.005	0.005	2.50
OC0004	47.00	49.00	2.00	2.77	0.17	0.005	2.50
OC0004	49.00	51.00	2.00	2.70	0.65	0.005	2.50
OC0004	51.00	52.00	1.00	2.74	2.65	0.005	7.44
OC0004	52.00	53.00	1.00	2.58	2.08	0.005	6.40
OC0004	53.00	54.00	1.00	2.86	8.33	0.02	31.23
OC0004	54.00	55.00	1.00	2.81	5.44	0.005	19.03
OC0004	55.00	57.00	2.00	2.70	1.08	0.005	2.50
OC0004	57.00	59.00	2.00	2.77	0.67	0.005	2.50
OC0004	59.00	61.00	2.00	2.69	0.3	0.005	2.50
OC0004	61.00	62.00	1.00	2.93	0.6	0.005	2.50
OC0004	62.00	63.00	1.00	2.67	12.01	0.005	74.67
OC0004	63.00	65.00	2.00	2.94	6.75	0.005	41.50
OC0004	65.00	66.00	1.00	2.68	1.11	0.005	6.17
OC0004	66.00	68.00	2.00	2.88	6.78	0.01	46.80
OC0004	68.00	69.00	1.00	2.94	8.41	0.01	29.72
OC0004	69.00	70.00	1.00	2.72	1.34	0.01	2.50
OC0004	70.00	71.00	1.00	2.69	0.39	0.09	2.50
OC0004	71.00	72.00	1.00	2.81	0.04	1.56	2.50
OC0004	72.00	73.00	1.00	2.75	0.02	0.11	2.50
OC0004	73.00	75.00	2.00	2.74	0.005	0.005	2.50
OC0004	75.00	77.00	2.00	2.80	0.005	0.08	2.50
OC0004	77.00	78.00	1.00	3.40	0.15	0.2	74.48
OC0004	78.00	79.00	1.00	2.97	0.11	0.07	23.00
OC0004	79.00	80.00	1.00	2.80	0.27	0.08	2.50
OC0004	80.00	81.00	1.00	2.74	0.07	0.72	2.50
OC0004	81.00	82.00	1.00	2.79	0.18	0.38	2.50
OC0004	82.00	83.00	1.00	2.75	0.15	0.39	2.50
OC0004	83.00	84.00	1.00	2.76	0.02	0.23	2.50
OC0004	84.00	85.00	1.00	2.73	0.04	0.5	2.50
OC0004	85.00	86.00	1.00	2.78	0.05	0.05	2.50
OC0004	86.00	87.00	1.00	2.86	0.12	0.005	2.50
OC0004	87.00	88.00	1.00	2.85	1.48	0.02	2.50
OC0004	88.00	89.00	1.00	2.80	1.63	0.005	2.50
OC0004	89.00	90.00	1.00	2.80	0.87	0.005	2.50
OC0004	90.00	91.00	1.00	2.78	1.00	0.005	2.50
OC0004	91.00	92.00	1.00	2.77	1.07	0.01	2.50
OC0004	92.00	93.00	1.00	2.79	1.03	0.005	2.50
OC0004	93.00	94.00	1.00	2.91	4.04	0.01	29.71

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 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. 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 Next Month

Trigon will be participating in a live Virtual Non-Deal Roadshow session on Wednesday, June 14, 2023. Trigon welcomes stakeholders, investors, and other individual followers to register and attend this live event.

Jed Richardson, President and Chief Executive Officer, and Aidan Sullivan, Vice-President, Investor Relations will walk viewers through the latest investor presentation followed by a live Q&A. Investors interested in participating in this event will need to register using the link below. As a reminder, registration for the live event may be limited but access to the replay after the event will be on the Trigon website.

REGISTER HERE:
Wednesday, June 14, 2023 at 2:00 PM ET:
https://www.renmarkfinancial.com/events/renmark-virtual-non-deal-roadshow-tsx-v-tm-otcqb-pntzf-2023-06-14-120000

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, contact:
Jed Richardson
+1 647 276 6002
jed.richardson@trigonmetals.com
Website: www.trigonmetals.com

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Trigon Metals Restarts Mining at Kombat Copper Project Ahead Of Schedule

10 May 2023 by trigonmetals

TORONTO — May 10, 2023 — Trigon Metals Inc. (TSX-V: TM; OTCQB: PNTZF) (“Trigon” or the “Company”) is pleased to announce, as of yesterday, May 9,2023, a successful first mining blast and the official restart of mining operations from its Kombat mine open pit, ahead of initial projections.

Trigon President and CEO, Jed Richardson, commented: “I would like to thank our staff, contractors, suppliers, local partners and the Namibian government for their efforts in getting Kombat back into production after our pause in July 2022. This is an important milestone for our Company and the Kombat community. We are excited to begin production and look forward to the continued growth of our operations at Kombat.”

Video footage of the first blast is viewable at the following link: https://www.youtube.com/watch?v=kjoMYDWkW2k

Now that mining has commenced, ore will be stockpiled at the mill. First concentrate shipments are anticipated in fiscal Q2. Copper production of 4.4 million pounds is anticipated from the open pit by March 31, 2024 (fiscal year end), growing to 6.8 million pounds in our first full year of production. The next quarter is expected to also mark the beginning of water pumping from underground in anticipation of reopening underground mining in 2024.

The Kombat Mine

The Kombat Mine is currently the only operating commercial copper mine in Namibia. Mining operations originally commenced in 1962, having produced a total output of 12.5 million tonnes of ore grading 2.6% copper on average until 2008. The mine still boasts NI 43-101 measured and indicated open pit and underground resources of an additional 12.2 million tonnes at an average grade of 1.9% copper. Exploration potential exists close to existing workings at surface and underground, alongside 35km of mineralized strike-length Trigon has yet to explore.

The inherited mine infrastructure has an estimated value of more than USD $150 million, including; a mill that can process 1,100 tonnes/day, an 800m shaft with two other vertical shafts, extensive underground workings, a tailings facility, ramp systems, mine buildings and concentrator.

Qualified Person

Trigon Metals Inc.

Cautionary Notes

This news release may contain forward-looking statements. These statements include statements regarding the Project, the mineralization of the Company’s projects, the Company’s exploration plans and results thereof, the prospectivity of the Kombat mine, the economic viability of the Kombat mine, the Company’s ability to restart and continue 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, contact:
Jed Richardson
+1 647 276 6002
jed.richardson@trigonmetals.com
Website: www.trigonmetals.com

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Kavango West Surface Drilling Delineates New Underground Ore — Mining Expected to Start Ahead of Schedule

4 May 2023 by trigonmetals

TORONTO — May 04, 2023 — Trigon Metals Inc. (TSX-V: TM; OTCQB: PNTZF) (“Trigon” or the “Company”) announces 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 Kavango West area, 150 metres west of the Main Kavango Pit, discussed in recent press releases, the implications being a favourable confirmation of the Kombat trend mineralization.

Highlights of the Drill Results

Hole 3 (180 azimuth, -76.4 dip)
– 10m, 2.07%Cu, from 53m
– 3m, 1.24%Cu, from 71m

Hole 4 (180 azimuth, -58 dip)
– 6m, 2.65%Cu, from 57m

Hole 9 (0 azimuth, -55 dip)
– 9m, 2.59%Cu, from 60m

Hole 15 (351 azimuth, -55 dip)
– 6m, 2.93%Cu, from 61m

The holes reported are from drilling testing gaps in the known mineralization previously thought to be barren. Holes 3, 4, 9 and 15 are verification holes testing continuity between areas previously drilled. The results are some of the longest intercepts drilled from surface.

Kavango West is a direct extension of the main body of the mineralization lying just west of the planned Kavango Pit closer to the mill and main shaft. The mineralization is proving to be higher grade but deeper than Kavango and Kavango North. From historical drilling, this connects to even larger bodies at depth and is close to underground workings. This area has been incorporated into the Company’s underground mine plan.

Jed Richardson, Trigon’s President and CEO, commented, “I am very pleased with the progress made by the Trigon team. The work has exceeded our initial expectations and we are ahead of schedule. Crews have moved to the open pit. Free dig material around the pit is already being moved. Holes are being drilled and charges are being set for Tuesday, May 9, 2023, a week ahead of the previously projected first blast of May 16, 2023.”

Table of Drilling Highlights

Hole ID	X	Y	Depth	Azimuth	Dip	Significant and Selected Intersections
KVW0001	74,415	253,342	73.6	0	-45	1m, 1.48%Cu, 7.5g/t Ag, from 69m
KVN0003	74,425	253,404	76.4	180	-59	10m, 2.07%Cu, from 53m 3m, 1.24%Cu, from 71m
KVW0004	74,465	253,405	67.1	180	-58	6m, 2.65%Cu, from 57m
KVW0005	74,450	253,415	82.7	181	-51	2m, 1.28%Cu, from 57m 3m, 8.30%Cu, from 67m
KVW0006	74,433	253,400	70.8	172	-62	4m, 2.83%Cu, from 64m
KVW0008	74,423	253,343	85.7	0	-55	7m, 1.58%Cu, from 59m
KVW0009	74,434	253,344	79.7	0	-62	9m, 2.59%Cu, from 60m
KVW0014	74,453	253,342	76.4	12	-56	1m, 1.92%Cu, from 65m
KVW0015	74,465	253,340	73.4	351	-55	6m, 2.93%Cu, from 61m
KVW0016	74,473	253,338	74.1	2	-51	3m, 1.29%Cu, from 62m
KVW0017	74,482	253,336	77.1	337	-45	3m, 1.52%Cu, from 67m
KVW0017B	74,485	253,336	83.1	5	-44	1m, 3.22%Cu, from 65m
KVW0021	74,500	253,370	76.5	6	-56	3m, 1.52%Cu, 5.7g/tAg, from 43m

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 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. Sample size: 3 kg, crushed split to 250g weighed sample (+/- 0.5000g).

Qualified Person

Renmark Financial to Host Virtual Non-Deal Roadshow Today

Trigon will be participating in a live Virtual Non-Deal Roadshow session Thursday, May 4, 2023. Trigon welcomes stakeholders, investors, and other individual followers to register and attend this live event.

REGISTER HERE:

Thursday, May 4, 2023 at 10:00 AM ET:
Click Here

Please access this link using the latest version of Google Chrome to ensure smooth connectivity.

Trigon Metals Inc.

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.

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Trigon Confirms New Mineralization from the Kavango North Area – Intersects 3.62% Cu and 32.9 g/t Ag over 17M, Kombat Mine

20 April 2023 by trigonmetals

TORONTO — Apr 20, 2023 — Trigon Metals Inc. (TSX-V: TM; OTCQB: PNTZF) (“Trigon” or the “Company”) announces 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 Kavango North area, 150 metres north of the Main 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 8 (185 azimuth, -54.7 dip)
– 17m, 3.62%Cu, 32.9g/t Ag, from 27m

– 8m, 1.70%Cu, 11.59g/t Ag, from 57m

Hole 9 (181 azimuth, -55 dip)
– 1m, 9.38%Cu, 59.1g/t Ag, from 3m

– 14m, 4.02%Cu, 43.7g/t Ag, from 29m

Hole 12 (171 azimuth, -51 dip)
– 1m, 4.67%Cu, 7.1g/t Ag, from 17m

Hole 15 (179 azimuth, -59 dip)
– 5m, 3.21%Cu, 21.1g/t Ag, from 17

The holes reported are from drilling testing gaps in the known mineralization previously thought to be barren. Holes 8, 9, 12 and 15 are verification holes testing continuity between areas previously drilled. The results are some of the longest intercepts drilled from surface.

Kavango North is an area of mineralization discovered by the team in January. The reported drilling confirms its continuity. It has been incorporated into our resource and mine plan, adding more high grade ore and reducing the overall strip ratio.

Jed Richardson, Trigon’s President and CEO, commented, “The team has now completed the mine plan and the mine contractor is preparing to start mining, finishing work on the tailings facility. All of the necessary equipment is in place for the start of mining. First blast is scheduled for May 16, 2023.”

Table of Drilling Highlights

Hole ID	X	Y	Depth	Azimuth	Dip	Significant and Selected Intersections
KVN0001	74,570	253,529	129.8	179	-53	3m, 0.94%Cu, 6.73g/t Ag, from 25m
KVN0003	74,600	253,530	121.1	174	-60	1m, 1.00%Cu, 16.8g/t Ag, from 6m 2m, 1.32%Cu, 9.33g/t Ag, from 53m
KVN0005	74,600	253,540	130.2	190	-58	8m, 2.48%Cu, 41.0g/t Ag, from 16m18m, 1.96%Cu, 28.6g/t Ag, from 30m
KVN0007	74,585	253,520	100.3	178	-55	3m, 2.56%Cu, 19.8g/t Ag, from 40m
KVN0008	74,585	253,540	127.8	185	-55	17m, 3.62%Cu, 32.9g/t Ag, from 27m 8m, 1.70%Cu, 11.59g/t Ag, from 57m
KVN0009	74,570	253,540	142.1	181	-54	1m, 9.38%Cu, 59.1g/tAg, from 3m 14m, 4.02%Cu, 43.7g/t Ag, from 29m
KVN0010	74,625	253,545	130.5	176	-60	6m, 2.36%Cu, 16.3g/t Ag, from 58m
KVN0011	74,625	253,535	127.5	182	-61	7m, 1.18%Cu, 16.4g/t Ag, from 68m
KVN0012	74,625	253,525	90.8	175	-51	1m, 4.67%Cu, 7.1g/t Ag, from 17m
KVN0015	74,550	253,533	73.0	179	-59	5m, 3.21%Cu, 21.1g/t Ag, from 17m
KVN0019	74,585	253,492	81.0	0	-60	4m, 2.05%Cu, 18.6g/t Ag from 45m
KVN0021	74,600	253,520	65.2	0	-60	5m, 1.51%Cu, 9.1g/t Ag, from 14m

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 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. Sample size: 3 kg, crushed split to 250g weighed sample (+/- 0.5000g).

Qualified Person

Generation IACP

The Company has engaged Generation IACP to provide services as a market maker in compliance with the policies and guidelines of the TSX Venture Exchange and other applicable legislation. Generation IACP will receive a fee of C$7,500 plus applicable taxes per month. The agreement between the Company and Generation IACP is for an initial term of six (6) months and shall be automatically renewed for subsequent six (6) month periods unless the Company provides written notice of termination to Generation IACP. Commencing on the first anniversary of the agreement, the fee payable to Generation IACP will automatically increase annually by 3.0%. No stock options or other compensation are being granted in connection with the engagement. Generation IACP does not currently own any securities of the Company; however, Generation IACP and its clients may acquire an interest in the securities of the Company in the future.

Generation is an arm’s length party to the Company. Generation’s market-making activity will be primarily to correct temporary imbalances in the supply and demand of the Company’s shares. Generation IACP will be responsible for the costs it incurs in buying and selling the Company’s shares, and no third party will be providing funds or securities for the market making activities. Terms of this agreement are subject to the approval of the TSX.

Generation is based in Toronto, Ontario, and is an independently held and registered broker and member of the Investment Industry Regulatory Organization of Canada, the TSX-V, the Canadian Securities Exchange, and the NEO Exchange, and is a Participating Organization, as such term is defined in the rules and policies of the Toronto Stock Exchange.

Renmark Financial to Host Virtual Non-Deal Roadshows Next Month

Trigon will be participating in a live Virtual Non-Deal Roadshow session on Tuesday, May 2, 2023 and Thursday, May 4, 2023. Trigon welcomes stakeholders, investors, and other individual followers to register and attend this live event.

REGISTER HERE:
Tuesday, May 2, 2023 at 12:00 PM ET: Click Here

Thursday, May 4, 2023 at 10:00 AM ET: Click Here

Please access this link using the latest version of Google Chrome to ensure smooth connectivity.

Figure 1: Map of the Kavango Program Area Showing the Location of Holes 8, 9, 12 and 15 in the Kavango North Area Verification holes 8, 9, 12 and 15 are in the heart of the Kavango North mineralized zone and should be considered infill holes confirming mineralization between holes previously drilled. The results reported here are notable because of the length of the intercepts above the projected reserve grade.

Figure 2: Cross Section Kavango North — Hole 8 Figure 2 shows the modelling done before the drilling of KVN0008. It shows a copper intersection between 4-65m and 113-116m with blended traces of Cu oxide, but predominantly sulfides between 4-24m, 1.88% copper sulfides over 41m between 24-65m, with 28.18% copper between 40-41m.

Figure 3: Drill Core from Hole 8 The core pictured in Figure 3 shows the clearly visible sulfide mineralization.

Figure 4: Cross section Kavango North — Hole 9 Figure 4 shows the modelling done before the drilling of KVN0009. This shows a copper intersection between 0-4m and 30-48m with traces of copper oxide between 0-2m, 9.38% copper mainly sulfides between 3-4m and 3.54% copper sulfides over 16m between 28-44m, with the highest copper grade (21.77%) between 42-43m, displaying mainly copper sulfide traces throughout between 48-76m.

Figure 5: Drill Core from Kavango North Hole 9 The core pictured in Figure 5, again shows shiny golden-coloured chalcopyrite mineralization (copper mineral) throughout the drill core.

Figure 6: Cross Section Kavango North — Hole 12 Figure 6 shows the modelling done before the drilling of KVN0012. It shows a copper oxide intersection between 16-29m with 4.67% copper oxide between 17-18m.

Figure 7: Drill Core from Kavango North — Hole 12 The core pictured in Figure 7 shows brownish chalcopyrite mineralization (copper mineral) throughout the drill core.

Figure 8: Cross Section of Kavango North Hole 15 Figure 8 shows the modelling done before the drilling of KVN0015. It shows a copper intersection between 13-30m with 1.84% Cu sulfide over 9m between 13-22m.

Figure 9: Drill Core from Kavango North Hole 15 The core pictured in Figure 9 shows massive bornite mineralization with malachite coating (copper minerals) throughout the drill core.

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.

Contacts

For further information, contact:
Jed Richardson +1 647 276 6002
jed.richardson@trigonmetals.com
Website: www.trigonmetals.com

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Trigon Metals – De-risked and Ready to Execute; Production in 2024

14 April 2023 by trigonmetals

Atrium Research has published an initiation report on Trigon Metals Inc.

Trigon is cashed up (~$C34M) to initiate and ramp production 5x from FY24 to FY27 at its 80% owned Kombat Mine in Namibia.

Click the download button to view the full report.

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