trigonmetals

Trigon Metals Receives Definitive Approval for Mining Licence to Restart Copper Production at the Kombat Mine, Namibia

16 June 2021 by trigonmetals

TORONTO, ON, June 16, 2021 – Trigon Metals Inc. (TSX-V:TM) (“Trigon” or the “Company”) announces the renewal of its mining licence for the Kombat Mine (“Kombat” or “the Project”), a copper project comprised of five permits in Namibia. The Company holds an 80% interest in the Project, located in the Otavi Mountainlands, an area of Namibia particularly known for its high-grade copper deposits.

The renewal of the licence, issued for a 10-year period, allows for the restart of the Kombat Mine, where open pit mining is planned to commence by the end of 2021.

Jed Richardson, President and CEO of Trigon, stated, “The renewal of our licence at Kombat marks a key milestone as we prepare to commence copper production by the end of the year. With licences in hand, it is full speed ahead to become a revenue generating company, capable of funding further exploration of our significant land holdings in both Namibia and Morocco.”

About the Kombat Mine

The Kombat Mine is the flagship copper project of Trigon Metals Inc., with the Company’s mining and prospecting licences covering an area in excess of 7,500 ha in the Otavi Mountainlands in Namibia. The Project is comprised of three mining licences, which produced approximately 12.46 million tonnes of copper between 1962 and 2008, at a grade of 2.62%. The other two mining licences are within close proximity to Kombat at Gross Otavi and Harasib, which are believed to be highly prospective for lead and zinc. In addition, the Company also holds an interest in two exclusive prospecting licences which represent a potential strike extension of Kombat.

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 permits 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 the extension of the mining licences, the recommencement of mining operations at the Kombat Mine, the Company’s ability to obtain adequate financing; the Company’s strategies, the Company’s abilities to execute such strategies, the Company’s expectations for Kombat Mine and the Silver Hill Project 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
+1 647 749 0001
jed.richardson@trigonmetals.com

Website: www.trigonmetals.com

Trigon Metals: Copper Silver Mineralization Intensifies in Fourth Fence Drilled at Silver Hill, Morocco

14 June 2021 by trigonmetals

TORONTO, ON – June 14, 2021 – Trigon Metals Inc. (TSX-V:TM) (“Trigon” or the “Company”) announces assay results from holes S22 through S25. The holes complete the easternmost fence drilled to test the geometry and extent of the copper and silver mineralization at the Silver Hill project (“Silver Hill” or the “Project”) in Morocco. The results comprise the fourth of four fences drilled at the Project.

Each of the holes demonstrated strong copper and silver mineralization. Two of the four holes show 30 metres of continuous mineralization. This fence of holes was drilled at the eastern extent of the drilling of this campaign and suggests that mineralization is intensifying in this direction.

Highlights

Hole S23: 32 metres of 0.77% copper and 28.5 g/t silver including;
- 11 metres @ 1.01% copper and 37 g/t silver; and,
- 12 metres @ 0.96% copper and 41 g/t silver
Hole S24: 30 metres of 0.73% copper and 21 g/t silver, including;
- 13 metres @ 0.91% copper and 39 g/t silver; and,
- 5 metres @ 0.98% copper and 20 g/t silver

See Table 1 below for detailed assay results from holes S22 — S25.

The four fences of drilling cover a relatively shallow well-mineralized area of about 750 metres in length and 200 metres wide that appears to open to the east, west and north.

Jed Richardson, President and CEO of Trigon Metals, said, “These holes represent some of the strongest mineralization we have seen in the four fences drilled. Our high grade trench [13 metres 2.7% copper, 34.5 g/t silver and 82ppm cobalt (reported February 21,2021)] lies almost 2 km east of this last fence. Our work over the next months will be determining if the two zones form one continuous zone of mineralization, parallel structures or separate but related bodies.”

Diagram 1: Two-Dimensional Cross Section of Fence 4 Drilling and Location Map

Drill core was analyzed by AfriLab, an independent SGS accredited laboratory in Marrakech. The Company is pleased with its progress, as geologists are attaining a more comprehensive understanding of the nature and size of the mineralization at the Project.

Table 1: Continuous Sample Data from Fence 4

Drill N^o	From	To	Ref	Cu (%)	Ag (g/t)
S22	40	41	221002	0.18	1.00
	41	42	221003	0.16	1.00
	42	43	221004	0.14	1.00
	43	44	221005	0.05	1.00
	44	45	221006	0.04	4.00
	45	46	221007	0.17	4.00
	46	47	221008	0.14	4.00
	47	48	221009	0.11	4.00
	48	49	221010	0.17	1.00
	49	50	221011	0.3	4.00
	50	51	221013	0.17	12.00
	51	52	221014	0.41	18.00
	52	53	221015	0.98	24.00
	16	17	121201	0.06	1
	17	18	121202	0.14	4
	18	19	121203	0.11	4
	19	20	121204	0.04	1
	20	21	121205	0.06	4
	21	22	121206	0.56	24
	22	23	121207	0.67	24
	23	24	121208	0.61	52
	24	25	121210	0.68	48
	25	26	121211	0.42	20
	26	27	121212	1.00	36
	27	28	121213	1.35	40
	28	29	121214	1.91	60
	29	30	121215	2.25	112
	30	31	121216	0.91	36
	31	32	121217	0.65	20
	32	33	121218	0.58	24
	33	34	121219	0.17	1
	34	35	121221	0.69	1
	35	36	121222	0.42	1
	36	37	121223	0.39	1
	37	38	121224	0.17	1
	38	39	121225	0.01	1
	39	40	121226	0.11	4
	40	41	121227	0.08	1
	41	42	121228	0.1	1
	42	43	121229	1.34	48
	43	44	121230	1.62	84
	44	45	121232	1.41	52
	45	46	121233	0.7	16
	46	47	121234	0.64	24
	47	48	121235	0.72	36
	48	49	121236	0.9	32
	49	50	121237	0.97	36
	50	51	121238	1.77	36
	51	52	221014	0.41	18
	52	53	221015	0.98	24
S23	13	14	121198	0.13	1
	14	15	121199	0.05	1
	15	16	121200	0.12	1
	16	17	121201	0.06	1
	17	18	121202	0.14	4
	18	19	121203	0.11	4
	19	20	121204	0.04	1
	20	21	121205	0.06	4
	21	22	121206	0.56	24
	22	23	121207	0.67	24
	23	24	121208	0.61	52
	24	25	121210	0.68	48
	25	26	121211	0.42	20
	26	27	121212	1.00	36
	27	28	121213	1.35	40
	28	29	121214	1.91	60
	29	30	121215	2.25	112
	30	31	121216	0.91	36
	31	32	121217	0.65	20
	32	33	121218	0.58	24
	33	34	121219	0.17	1
	34	35	121221	0.69	1
	35	36	121222	0.42	1
	36	37	121223	0.39	1
	37	38	121224	0.17	1
	38	39	121225	0.01	1
	39	40	121226	0.11	4
	40	41	121227	0.08	1
	41	42	121228	0.1	1
	42	43	121229	1.34	48
	43	44	121230	1.62	84
	44	45	121232	1.41	52
	45	46	121233	0.7	16
	46	47	121234	0.64	24
	47	48	121235	0.72	36
	48	49	121236	0.9	32
	49	50	121237	0.97	36
	50	51	121238	1.77	36
	51	52	121239	0.39	8
	52	53	121240	0.71	32
	53	54	121241	0.29	16
	54	55	121243	0.04	1
	55	56	121244	0.13	1
	56	57	121245	0.16	4
	57	58	121246	0.45	8
	58	59	121247	0.66	16
	59	60	121248	0.41	4
	60	61	121249	0.4	1
	61	62	121250	0.58	1
	62	63	121251	0.15	1
	63	64	121252	0.21	1
	64	65	121254	0.26	1
	65	66	121255	0.14	1
	66	67	121256	0.33	1
	67	68	121257	0.05	1
	68	69	121258	0.19	1
	69	70	121259	0.35	1
	70	71	121260	0.17	1
S24	79	80	121148	0.25	1
	80	81	121149	1.7	16
	81	82	121150	0.29	1
	82	83	121151	0.68	12
	83	84	121152	0.77	20
	84	85	121153	1.46	52
	85	86	121155	0.42	4
	86	87	121156	0.02	1
	87	88	121157	0.02	1
	88	89	121158	0.22	1
	89	90	121159	0.67	4
	90	91	121160	0.24	1
	91	92	121161	0.17	1
	92	93	121162	0.14	1
	93	94	121163	0.29	1
	94	95	121164	0.09	1
	95	96	121166	0.18	1
	96	97	121167	0.11	1
	97	98	121168	0.79	1
S25	38	39	121169	0.84	1
	39	40	121170	0.15	1
	40	41	121171	0.31	1
	41	42	121172	0.3	1
	42	43	121173	0.73	4
	43	44	121174	0.58	4
	44	45	121175	0.78	4
	45	46	121177	1.21	4
	46	47	121178	1.06	144
	47	48	121179	0.74	28
	48	49	121180	0.21	4
	49	50	121181	0.04	1
	50	51	121182	0.1	1
	51	52	121183	0.11	1
	52	53	121184	0.09	4
	53	54	121185	0.14	4
	54	55	121186	0.14	4
	55	56	121188	0.01	1
	56	57	121189	0.05	4
	57	58	121190	0.03	1
	58	59	121191	0.04	4
	59	60	121192	0.14	4
	60	61	121193	0.05	1
	61	62	121194	0.07	1
	62	63	121195	0.04	1
	63	64	121196	0.01	1

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 Morocco and Namibia. In Morocco, the Company holds Silver Hill, a highly prospective copper and silver exploration project. Namibia is one of the world’s most prospective copper regions, where Trigon has substantial assets in place. 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.

Cautionary Notes

This news release may contain forward-looking statements. These statements include statements regarding Silver Hill, current and future exploration programs, the mineralization at the Project, the Company’s strategies and the Company’s abilities to execute such strategies, the Company’s expectations for the Silver Hill and Kombat Projects, 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.

For further information, contact:

Jed Richardson
+1 647-276-6001
jedr@trigonmetals.com

Website: www.trigonmetals.com

Trigon Metals Announces High Grade Copper Results From Drilling At Silver Hill, Morocco

20 May 2021 by trigonmetals

TORONTO, ON – May 20, 2021 / Trigon Metals Inc. (TSX-V:TM) (“Trigon” or the “Company”) announces assay results from holes S16 through S21. The holes complete the westernmost fences drilled to test the geometry and extent of the mineralization at the Silver Hill project (“Silver Hill” or the “Project”) in Morocco. The results comprise the second and third of four fences drilled at the Project.

Each of the holes demonstrated strong copper and silver mineralization. The most significant of the results was hole S20 showing 31 metres of 0.74% copper and 23 g/t silver with higher grade intervals. The hole is drilled at the western extent of the drilling of this campaign and suggests that mineralization remains strong.

Highlights

Hole S16: 10 metres @ 0.98% copper and 20 g/t silver
Hole S17: 3 metre @ 1.41% copper
Hole S20: 31 metre @ 0.74% copper and 23 g/t silver including:
- 8 metre @ 1.35% copper and;
- 6 metre @ 1.23% copper and 75 g/t silver

See Figure 1 below for detailed assay results from holes S16 — S21

Jed Richardson, President and CEO of Trigon Metals, said, “Silver Hill continues to meet our highest expectations. The strength of these intercepts are particularly striking since they come at the western extent of our drilling. This firmly shows that the deposit remains open in all directions.”

Diagram 1: Two-Dimensional Cross Section of Fence 2 Drilling and Location Map

Diagram 2: Two-Dimensional Cross Section of Fence 3 Drilling and Location Map

Drill core was analyzed by AfriLab, an independent SGS accredited laboratory in Marrakech. Trigon has completed the drilling of an additional fence, the results of which will be reported in the coming weeks. The Company is pleased with its progress, as geologists are attaining a more comprehensive understanding of the nature and size of the mineralization at the Project.

Figure 1: Continuous Sample Data from Fence 2 and Fence 3

Drill N°	From	To	Ref	Cu (%)	Ag (g/t)
S16	24	25	121013	0.25	4
	25	26	121014	1.7	4
	26	27	121015	2.16	8
	27	28	121016	0.69	4
	28	29	121017	0.51	12
	29	30	121018	0.51	32
	30	31	121019	0.24	16
	31	32	121020	0.37	16
	32	33	121021	0.71	52
	33	34	121023	1.22	24
	34	35	121024	1.67	32
	35	36	121025	0.35	12
	36	37	121026	0.43	1
	37	38	121027	0.19	1
	38	39	121028	0.04	1
S17	39	40	121029	0.48	1
	40	41	121030	3.52	1
	41	42	121031	0.24	1
S18	57	58	121032	0.01	1
	58	59	121034	0.01	1
	59	60	121035	0.01	1
S19	7	8	121036	0.03	1
	8	9	121037	0.22	1
	9	10	121038	0.6	1
	10	11	121039	0.5	1
	11	12	121040	0.03	4
S20	7	8	121041	0.31	4
	8	9	121042	0.3	4
	9	10	121043	0.16	1
	10	11	121045	0.21	1
	11	12	121046	0.35	1
	12	13	121047	0.82	1
	13	14	121048	0.8	4
	14	15	121049	0.51	4
	15	16	121050	2.83	17
	16	17	121051	2.84	34
	17	18	121052	0.86	9
	18	19	121053	1.35	4
	19	20	121054	0.79	1
	20	21	121056	0.44	1
	21	22	121057	0.25	1
	22	23	121058	0.46	1
	23	24	121059	0.58	30
	24	25	121060	0.22	1
	25	26	121061	0.09	4
	26	27	121062	0.05	4
	27	28	121063	0.51	34
	28	29	121064	0.25	9
	29	30	121065	0.65	38
	30	31	121067	0.38	13
	31	32	121068	0.63	38
	32	33	121069	0.51	43
	33	34	121070	4.58	242
	34	35	121071	0.66	77
	35	36	121072	0.21	4
	36	37	121073	0.08	4
	37	38	121074	0.18	4
	38	39	121075	0.14	9
	39	40	121076	0.04	4
	40	41	121078	0.11	4
	41	42	121079	0.05	4
	42	43	121080	1.31	68
	43	44	121081	0.2	9
	44	45	121082	0.01	4
	7	8	121041	0.31	4
	8	9	121042	0.3	4
	9	10	121043	0.16	1
	10	11	121045	0.21	1
	11	12	121046	0.35	1
	12	13	121047	0.82	1
	13	14	121048	0.8	4
	14	15	121049	0.51	4
	15	16	121050	2.83	17
	16	17	121051	2.84	34
	17	18	121052	0.86	9
	18	19	121053	1.35	4
	19	20	121054	0.79	1
	20	21	121056	0.44	1
	21	22	121057	0.25	1
	22	23	121058	0.46	1
	23	24	121059	0.58	30
	24	25	121060	0.22	1
	25	26	121061	0.09	4
	26	27	121062	0.05	4
	27	28	121063	0.51	34
	28	29	121064	0.25	9
	29	30	121065	0.65	38
	30	31	121067	0.38	13
	31	32	121068	0.63	38
	32	33	121069	0.51	43
33	34	121070	4.58	242
34	35	121071	0.66	77
35	36	121072	0.21	4
36	37	121073	0.08	4
37	38	121074	0.18	4
38	39	121075	0.14	9
39	40	121076	0.04	4
40	41	121078	0.11	4
41	42	121079	0.05	4
42	43	121080	1.31	68
43	44	121081	0.2	9
44	45	121082	0.01	4
S21	45	46	121083	0.01	4
	46	47	121084	0.01	4
	47	48	121085	0.01	4

Qualified Person

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 Morocco and Namibia. The Company recently finalized the acquisition of the Silver Hill project, a highly prospective copper and silver exploration project in Morocco. Namibia is one of the world’s most prospective copper regions, where Trigon has substantial assets in place. 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.

Cautionary Notes

This news release may contain forward-looking statements. These statements include statements regarding the Silver Hill Project, current and future exploration programs, the mineralization at the Project, the Company’s strategies and the Company’s abilities to execute such strategies, the Company’s expectations for the Silver Hill and Kombat Projects, 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.

For further information, contact:

Jed Richardson
+1 647-276-6001
jedr@trigonmetals.com
Website: www.trigonmetals.com

Copper Production Planned for 2021 Year-End at Kombat Mine in Namibia

6 May 2021 by trigonmetals

TORONTO, ON – May 6, 2021 – Trigon Metals Inc. (TSXV:TM) (“Trigon” or the “Company”) announced today that procurement activities of long lead items are currently underway for the restart of Kombat Mine (the “Project”). The Company anticipates production to resume by the end of 2021.

Management anticipates initial production at Kombat will be 6,000t of copper in concentrate for calendar year 2022, with initial mining beginning late 2021 accessing ore from open pit sources. Planned production will increase to 16,500t of copper in concentrate in 2024, when higher grade underground ore begins to be recovered and as planned upgrades to crushing and milling are incorporated.

Commenting, Jed Richardson, President & CEO, “The order of long lead time items marks a point of no return in the restart process. Given the response from debt finance and the strength of the copper price, we are confidently moving forward with our production plans. We are targeting first concentrates to be shipped before year-end 2021 and positive cash flow in 2022.”

The Company has completed an order to Xinhai (Yantai) Mining Engineering Co., Ltd (“Xinhai”), for the procurement of new flotation cells to replace those in the original mill. The equipment utilizes high functioning, top quality technology. Going forward, the ongoing partnership between Trigon and Xinhai will centre on its role as an equipment supplier. Trigon will not pursue a financing arrangement with Xinhai or utilize any Chinese export credit facilities at this stage, and will instead aim to secure purchaser debt finance for the restart with the help of concentrate off takers.

According to the Company’s 2018 Feasibility Study for the Kombat open pit restart, the upfront capital cost for the Project, which includes the costs of refurbishment of the processing plant, installation of power infrastructure and mobilization of the mining contractor (including appropriate contingencies on all capital costs) is USD6.4 million. At present, approximately 40% of that figure has been spent, and the Company has realized some material cost savings. While much of the equipment from the old plant is in good working order, the Company has secured spares at low cost from other operations in Namibia.

Qualified Person

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 Morocco and Namibia. The Company recently finalized the acquisition of the Silver Hill project, a highly prospective copper and silver exploration project in Morocco. Namibia is one of the world’s most prospective copper regions, where Trigon has substantial assets in place. 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.

Cautionary Notes

This news release may contain forward-looking statements. These statements include statements regarding the restart of Kombat Mine, the timing of the restart of the Project, the expected costs of restarting the Project, the Company’s ability to finance the Project, future exploration programs, the potential mineral production and throughput of the Project; the Company’s strategies and the Company’s abilities to execute such strategies, the Company’s expectations for the Kombat Project, 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.

For further information, contact:
Jed Richardson
+1 647-276-6001
jedr@trigonmetals.com
Website: www.trigonmetals.com

Trigon Metals Reports High Copper and Silver Grades in Four-Hole Fence Showing Continuity of Silver Hill Mineralization in Morocco

5 April 2021 by trigonmetals

TORONTO, ON / April 5, 2021 / Trigon Metals Inc. (TSX-V:TM) (“Trigon” or the “Company”) announced assay results from holes S13, S14, S15 and S27. The holes are comprised of a 150m wide four-hole fence of drilling to test the geometry and extent of the mineralization at the Silver Hill project in Morocco.

Each of the holes demonstrated strong copper and silver mineralization. The most significant of the results was hole S27, a vertical hole drilled at the end of the program. The hole was prioritized after new insights on the geometry of the system were made with the completion of the trench reported on February 24, 2021.

Highlights

Hole S27: 5 metres @ 1.4% copper and 33.6 g/t silver, from 21 metres depth, plus 3 metres @ 0.61% copper and 40 g/t silver.
Hole S13: (previously reported January 12, 2021) 8 metre @ 1.8% copper and 121 g/t silver from 32.5 metre depth. Assay results included a 0.5 m interval of 14.87% copper, 1000 g/t silver and 173 ppm cobalt.
Hole S14: 2 metres @ 1.27% copper and 5 g/t silver, from 63 metre depth.

The fence of drilling shows that while Mineralization in the earlier angled holes was concentrated adjacent to the contact between the lower sandstone and upper schist, however, the vertical hole, drilled entirely in sandstone, is very well mineralized and the mineralization remains open to the north. This observation appears to corroborate mineralization recognized in trenches 1.5 km away. Please see Figures 1 – 4 below for detailed assay results from holes S13, S14, S15 and S27.

Diagram 1: Two-Dimensional Cross Section of Fence Drilling

Trigon Metals, Inc., Monday, April 5, 2021, Press release picture

Drill core was analyzed by AfriLab, an SGS accredited laboratory in Marrakech.Trigon has completed the drilling of three additional fences, the results of which will be reported in the coming weeks. The Company is pleased with its progress, as geologists are attaining a more comprehensive understanding of the nature and size of the mineralization.

Map 1: Four-Hole Fence in Relation to Other Drill Work at Silver Hill

Jed Richardson, President and CEO of Trigon Metals, said, “These results have supported our high expectations at Silver Hill which is becoming the exploration focus of the Company to complement our production path at the Kombat Mine in Namibia. Trigon’s aim is to take advantage of what we believe to be sustainable higher copper prices by expediting production at Kombat that will generate cash flow to fund development of our portfolio of highly prospective high impact copper projects.”

Continuous Sample Data from Fence

Figure 1: Drill N^o S13

Drill N°	From	To	Ref	Cu (%)	Ag (g/t)
S13	27	27.5	13002	0.19	2
	27.5	28	13003	0.25	2
	28	28.5	13004	0.18	2
	28.5	29	13005	0.15	2
	29	29.5	13006	0.31	4
	29.5	30	13007	0.44	4
	30	30.5	13008	0.46	4
	30.5	31	13009	0.50	8
	31	31.5	13010	0.47	8
	31.5	32	13011	0.44	16
	32	32.5	13013	0.30	4
	32.5	33	13014	0.98	44
	33	33.5	13015	0.95	56
	33.5	34	13016	0.81	32
	34	34.5	13017	14.87	1000
	34.5	35	13018	2.08	128
	35	35.5	13019	0.26	24
	35.5	36	13020	0.60	40
	36	36.5	13021	0.32	20
	36.5	37	13022	0.92	72
	37	37.5	13024	0.26	16
	37.5	38	13025	0.22	12
	38	38.5	13026	0.23	16
	38.5	39	13027	1.14	91
	39	39.5	13028	2.74	184
	39.5	40	13029	1.56	176
	40	40.5	13030	0.48	28
	40.5	41	13031	0.21	4
	41	41.5	13032	0.63	20
	41.5	42	13033	0.39	12
	42	42.5	13035	0.18	4
	42.5	43	13036	0.01	4
	43	43.5	13037	0.07	2
	43.5	44	13038	0.02	2
	44	44.5	13039	0.55	20
	44.5	45	13040	0.05	3
	45	45.5	13041	0.06	4
	45.5	46	13042	0.16	8
	46	46.5	13043	0.76	36
	46.5	47	13044	0.35	28
	47	47.5	13046	0.19	4
	47.5	48	13047	0.34	8
	48	48.5	13048	0.32	12
	48.5	49	13049	0.38	16
	49	49.5	13050	0.35	20
	49.5	50	13051	0.78	24
	50	50.5	13052	0.3	4
	50.5	51	13053	0.37	12
	51	51.5	13054	0.48	16
	51.5	52	13055	0.25	12
	52	52.5	13057	0.31	12
	52.5	53	13058	0.23	8
	53	53.5	13059	0.45	16
	53.5	54	13060	0.08	3
	54	54.5	13061	0.17	2
	54.5	55	13062	0.14	2
	55	55.5	13063	0.69	3
	55.5	56	13064	1.20	4
	56	56.5	13065	0.41	3
	56.5	57	13066	0.16	2
	57	57.5	13068	0.13	1
	57.5	58	13069	0.16	1
	58	58.5	13070	0.42	4
	58.5	59	13071	0.09	1
59	59.5	13072	0.06	1
59.5	60	13073	0.36	2
60	60.5	13074	0.07	1
60.5	61	13075	0.06	1
61	61.5	13076	0.15	2
61.5	62	13077	0.44	3
62	62.5	13079	0.32	3
62.5	63	13080	0.75	3
63	63.5	13081	1.33	4
63.5	64	13082	0.46	3
64	64.5	13083	0.24	2
64.5	65	13084	0.13	2
65	65.5	13085	0.01	1
65.5	66	13086	0.20	1

Figure 2: Drill N^o S14

Drill N°	From	To	Ref	Cu (%)	Ag (g/t)
S14	62.5	63	14002	0.04	4
	63	63.5	14003	0.17	3
	63.5	64	14004	4.22	10
	64	64.5	14005	0.15	4
	64.5	65	14007	0.55	4
	65	65.5	14008	0.02	3
	65.5	66	14009	0.01	3
	66	66.5	14010	0.01	4
	66.5	67	14012	0.02	2
	67	67.5	14013	0.03	2
	67.5	68	14014	0.02	2
	68	68.5	14015	0.05	2
	68.5	69	14017	0.04	4
	69	69.5	14018	0.05	2
	69.5	70	14019	0.05	2
	70	70.5	14020	0.15	3
	70.5	71	14022	0.05	2
	71	71.5	14023	0.06	2
	71.5	72	14024	0.11	3

Figure 3: Drill N^o S15

Drill N°	From	To	Ref	Cu (%)	Ag (g/t)

S15	18	19	121002	0.01	1
	19	20	121003	0.02	1
	20	21	121004	0.03	1
	21	22	121005	0.19	1
	22	23	121006	0.11	1
	23	24	121007	0.16	1
	24	25	121008	0.14	1
	25	26	121009	0.08	1
	26	27	121010	0.13	1
	27	28	121011	0.07	1

Figure 4: Drill N^o S27

Drill N°	From	To	Ref	Cu (%)	Ag (g/t)
S27	21	22	221025	0.01	1.00
	22	23	221026	0.15	1.00
	23	24	221027	0.3	12.00
	24	25	221028	0.57	12.00
	25	26	221029	0.83	12.00
	26	27	221030	1.87	56.00
	27	28	221031	1.3	80.00
	28	29	221032	0.62	8.00
	29	30	221033	0.19	4.00
	30	31	221034	0.03	4.00
	31	32	221036	0.03	4.00
	32	33	221037	0.04	4.00
	33	34	221038	0.47	20.00
	34	35	221039	0.44	32.00
	35	36	221040	0.91	68.00
	36	37	221041	0.31	4.00
	37	38	221042	0.15	4.00
	38	39	221043	0.35	4.00
	39	40	221044	0.15	4.00
	40	41	221045	0.76	4.00
	41	42	221047	0.76	4.00
	42	43	221048	0.56	1.00
	43	44	221049	0.66	1.00
	44	45	221050	0.25	4.00
	45	46	221051	1.1	36.00
	46	47	221052	0.33	4.00
	47	48	221053	0.01	1.00
	48	49	221054	0.01	1.00
	49	50	221055	0.01	1.00
	50	51	221056	0.92	1.00
	87	88	221057	0.8	1.00
	88	89	221058	0.11	1.00
	89	90	221059	0.02	1.00
	90	91	221060	0.11	1.00
	91	92	221061	0.02	1.00

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, 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 Morocco and Namibia. The Company recently finalized the acquisition of the Silver Hill project, a highly prospective copper and silver exploration project in Morocco. Namibia is one of the world’s most prospective copper regions, where Trigon has substantial assets in place. 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.

Cautionary Notes

This news release may contain forward-looking statements. These statements include statements regarding the ongoing exploration program, future exploration programs, the potential mineralization of the Silver Hill project; the Company’s drill program and the results thereof, the Company’s ability to restart production at the Kombat project, the Company’s strategies and the Company’s abilities to execute such strategies, the price of copper, the Company’s expectations for the Silver Hill project and the Kombat project, 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.

For further information, contact:

Jed Richardson
+1 647 276 6002
jed.richardson@trigonmetals.com

Website: www.trigonmetals.com

Trigon Completes Land Acquisition of “Copper King Extension” Surrounding its Kombat Copper-Silver-Lead Mine in Namibia

1 March 2021 by trigonmetals

TORONTO, March 1, 2021 – Trigon Metals Inc. (TSX-V: TM) (“Trigon” or the “Company”) announced today that it has completed the transaction to expand its land holding in Namibia, through the acquisition (the “Acquisition”) of exclusive prospecting licence 3540 (“EPL 3540”, the “Copper King Extension” or the “Licence”). The Licence surrounds Trigon’s Kombat and Gross Otavi projects in the Otavi Mountainland, a region associated with high grade copper mineralization in addition to a substantial lead and silver content.

The Acquisition substantially increases the exploration potential surrounding the Company’s flagship Kombat copper-silver-lead mine and is part of the Company’s continued strategy to acquire and develop copper and silver properties in favourable African mining jurisdictions.

Jed Richardson, President & CEO of Trigon, commented, “This acquisition gives Trigon a huge 30 km of prospective on structure strike-length in the Otavi valley. Our resource work at Kombat in 2020, which transformed the project into a resource potentially capable of supporting a large operation with a long lived mine life, focused on just 4.2km. We are eager to incorporate our new insights and apply it to make Trigon one of the world’s leading new copper developers.”

Copper King Extension Overview

The Copper King Extension is so named in reference to an award-winning variety of the local Gazania flower which grows natively in the vicinity of the Licence. The Copper King Extension 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, it is situated on the Kombat trend, a mineralized structure, which also hosts the Kombat project. The area therefore represents a potential strike extension of the Kombat project, with various known mineral occurrences on the property.

Highlights of the Copper King Extension

EPL 3540 is held by Namibian company, Gazania Investments Nine (Pty) Ltd (“Gazania”), which was 80% owned by Sabre Resources Limited (“Sabre”), through Sabre’s wholly owned subsidiary, Starloop Holdings Pty Ltd (“Starloop”), and 20% owned by Coniston Pty Ltd (“Coniston”). The Licence was first granted on October 30, 2006 and has been renewed several times, with a current expiry date of May 7, 2021. Gazania has submitted a renewal application for the Licence.

Terms of the Acquisition

The Acquisition was implemented by way of the acquisition by Trigon, through its wholly owned subsidiary, PNT Financeco Corp., of 100% of the shares in Starloop from Sabre (the “Starloop Shares”) and 20% of the shares in Gazania from Coniston (the “Gazania Shares”).

As consideration for the Starloop Shares, Trigon paid C$200,000 on fulfilment of the conditions precedent to the sale and purchase agreement signed with Sabre (“Sabre Agreement”). A second tranche cash payment of C$100,000 is payable to Sabre on the renewal of the Licence by the Namibian Ministry of Mines and Energy, subject to such renewal being granted within three years of signature of the Sabre Agreement.

As consideration for the Gazania Shares, Trigon paid C$1,000 on fulfilment of the conditions precedent to the sale and purchase agreement signed with Coniston (“Coniston Agreement”). A second tranche cash payment of C$100,000 is payable to Coniston on the renewal of the Licence by the Namibian Ministry of Mines and Energy, subject to such renewal being granted within three years of signature of the Coniston Agreement.

Trigon has also paid a facilitation fee of C$99,000 to Kalgoorlie Mine Management Pty Ltd for its assistance in facilitating and documenting the Acquisition.

The Acquisition is an arm’s length transaction.

Qualified Person

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 3540 and the Sabre and Coniston Agreements, the prospectivity of EPL 3540, the planned exploration program for Kombat and EPL 3540, the Company’s strategies and the Company’s abilities to execute such strategies, the Company’s expectations for the Kombat project and EPL 3540, 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.

For further information, contact:

Jed Richardson
+1 416 566 8134
jed.richardson@trigonmetals.com

Website: www.trigonmetals.com

trigonmetals

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