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trigonmetals

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 HillJunior Mining Network

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 No 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 No 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 No 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 No 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.

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

Filed Under: 2021, News Tagged With: 2021, press releases, Silver Hill

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

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 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.

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

Website: www.trigonmetals.com

Filed Under: 2021, News Tagged With: news, press releases, kombat mine, 2021

MD&A February 25, 2021

25 February 2021 by trigonmetals

[embeddoc url=”https://www.trigonmetals.com/wp-content/uploads/FEB-25-MDA.pdf” viewer=”google”]

Filed Under: News

Financial Statements – February 25, 2021

25 February 2021 by trigonmetals

[embeddoc url=”https://www.trigonmetals.com/wp-content/uploads/FEB-25-Financial-Statements.pdf” viewer=”google”]

Filed Under: News

Investor Update Video | Trench Assay Results

24 February 2021 by trigonmetals

 

Click the video to view exclusive commentary on this news release from Trigon’s CEO.

Trigon Metals announced trench assay results from the Company’s exploration program campaign at the Company’s Silver Hill Project in Morocco. The company reported 13 m trench grading 2.7% copper and 34.5 g/t silver.

In case you missed it, click here to read the full press release.

Filed Under: 2021, News Tagged With: news, Silver Hill, 2021

Trigon Reports 13 Metre Trench Grading 2.7% Copper And 34.5 G/T Silver At Silver Hill In Morocco

24 February 2021 by trigonmetals

TORONTO, February 24, 2021 – Trigon Metals Inc. (TSX-V: TM) (“Trigon” or the “Company”) announced today trench assay results from the Company’s exploration program campaign at the Company’s 100% owned Silver Hill Project (“Silver Hill” or the “Project”) in Morocco.

A trench has been completed on fresh rock below the saprolite. Continuous samples were collected horizontally along the wall of the trench returning 13 metres of 2.7% copper, 34.5 g/t silver and 82 ppm cobalt. The trench exposed an area of intense sub-vertical hydrothermal alteration, giving geologists a unique look at the nature of the mineralization. The trench is located 1.5km away from the S1 discovery hole, in an area first identified by surface grab sample, J10 reported 6.8% copper and 116 g/t silver (see press release October 5, 2020). The zone was tested successfully with drill hole S9, 31 metres of 0.7% copper from 37 to 68 metres depth down the hole. Given the much higher grades in the trench, it now appears the original hole may not have penetrated the heart of the structure.

Continuous Samples from Trench

Sample # From (m) To (m) Ag (g/t) Cu (%) Co (ppm)
E1                –               0.5 4 2.2 80
E2               0.5               1.0 4 0.66 16
E3               1.0               1.5 4 1.88 16
E4               1.5               2.0 4 1.19 28
E5               2.0               2.5 28 1.95 116
E6               2.5               3.0 68 3.74 48
E7               3.0               3.5 64 2.92 36
E8               3.5               4.0 88 3.82 64
E9               4.0               4.5 108 3.94 104
E10               4.5               5.0 52 3.55 60
E11               5.0               5.5 52 3.43 76
E12               5.5               6.0 32 3.59 248
E13               6.0               6.5 32 4.11 380
E14               6.5               7.0 32 3.88 236
E15               7.0               7.5 28 3.43 252
E16               7.5               8.0 28 3.56 72
E17               8.0               8.5 104 3.93 84
E18               8.5               9.0 24 3.54 32
E19               9.0               9.5 40 2.76 24
E20               9.5             10.0 36 2.46 40
E21             10.0             10.5 20 1.73 16
E22             10.5             11.0 8 1.09 8
E23             11.0             11.5 8 1.98 12
E24             11.5             12.0 16 2.64 32
E25             12.0             12.5 8 1.26 32
E26             12.5             13.0 4 1.06 12

The trench exposed some old mining works where the richest silver mineralization appears to have been previously mined out. Given the limitations of ancient mining techniques, it is our view that the core of the structure at depth has not yet been investigated. Samples E14 and E15 are taken from the opposing wall of the trench avoiding the muddy fill from the mined-out area. Evidence around the site continues to point to silver being the focus of the ancient miners, suggesting the mined-out material may have been a high grade silver vein. Company geologists plan to target deeper in the structure where the vein may remain untouched, out of reach of ancient mining technology.

The trench was 30m in total length ramping down to the target area and samples were taken some 5 metres below the surface level. It was all free digging material, completed with a diesel hydraulic shovel, at a width of 3.8 metres. A rock breaker was used for the final 1.5 metres.

Diagram of Eastern Sector Trench at Hole S9

Jed Richardson, President and CEO of Trigon Metals, said, “This trench, at the site of the S9 Drill hole, has given us our best view of the nature of the mineralization and provides insight for our next steps. We will step out and test the structure at depth to explore whether this structure is a continuation of what we see in the area of the discovery hole S1 over 2km of strike length, or if this is a separate but related structure. This early result supports our excitement about the project and about the prospectivity of Morocco, along with Namibia, our other preferred jurisdiction for developing significant new copper projects.”

View of trench at end of first tier

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. 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. The Company also recently finalized the acquisition of the Silver Hill project, a highly prospective copper and silver exploration project in Morocco.

 

Cautionary Notes  

This news release may contain forward-looking statements. These statements include statements regarding the Company’s planned exploration program, the Company’s strategies and the Company’s abilities to execute such strategies, the Company’s expectations for the Silver Hill Project, the prospectivity of the Silver Hill Project, the mineralization of 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
+1 416 566 8134
jed.richardson@trigonmetals.com

Website: www.trigonmetals.com

Filed Under: 2021, News Tagged With: updates, press releases, Silver Hill, 2021

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