TSX-V: TM | FRA: TZU2 | OTCQB: PNTZF

Trigon Metals

Building A Mid-Tier African Copper Producer

2020

Trigon Metals Renews Environmental Clearances for Exploration Activities in Namibia

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TORONTO, Nov. 26, 2020 — Trigon Metals Inc. (TSX-V:TM) (“Trigon” or the “Company”) is pleased to announce that it has been granted the renewal of its Environmental Clearance Certificate (“ECC”) for exploration activities on all of the Namibian Mining Licences (“ML”) Gross Otavi, Asis (including the Kombat Central, Kombat West and Kombat East deposits), Asis Far West (including the Asis West, Asis Far West and Asis Gap deposits) and Asis Ost (“Kombat Project” or the “Project”) [73b, 73c, 16, 9, 21] from the Namibian Government (Ministry of Environment and Tourism), which was a pre-requisite for the Company to commence its planned upcoming exploration program. The ECC is valid until November 16, 2023.

The Kombat Project is situated in the Otjozondjupa Region, Namibia on the southern tip of the renowned Namibian Copper Triangle, which is an area associated historically and currently with high grade copper mineralization.

The Project consists of a previous operational mine that was placed on care and maintenance in 2008 due to the economic downturn conditions at the time. The mine consists of three vertical shafts as well as ramp systems, a processing plant, siding and paved roads that have all been maintained in pristine condition during the care and maintenance period. Target metals are copper, lead and silver which occur mainly in sulphide minerals.

In the coming months, the Company plans to complete an exploration drilling program at the Kombat Project to further upgrade the expanded Mineral Resource reported on September 28, 2020, being an open pit Indicated Mineral Resource of 7.35 million tonnes and a combined open pit and underground Inferred Mineral Resource of 31.76 million tonnes, at a cut-off grade of 0.6% Cu for the open pit and 1.8% Cu for the underground.

Type Resource Class Tonnes (Mt) Cu (%) Ag (%)
Open Pit Indicated 7.35 0.91 0.58
Open Pit Inferred 11.40 1.07 0.46
Underground Inferred 20.36 2.84 6.64

The upcoming exploration program is designed to convert the majority of the Inferred Resource estimate to an Indicated Resource estimate on the open pit material.  The key workstream areas include a full re-assay of available drill core at site which were not subject to QAQC requirements at the time (pre-2000’s).  In addition, a potential resource expansion will be investigated with diamond core drilling in areas which show good potential based on the mine’s 60-year operating history.

Jed Richardson, President & CEO of the Trigon Metals, commented, “Our Namibian team is ready to execute our planned exploration programs to advance the properties at Kombat. We look to continue our success expanding our copper and silver resources in Namibia, alongside Silver Hill in Morocco. Work continues at our Silver Hill Project, with drills now testing areas close to our silver-rich discovery holes in the western portion of our claim area.”

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 environmental approvals, the planned exploration program, the Company’s ability to expand its mineral resource estimates, the Company’s strategies and the Company’s abilities to execute such strategies, the Company’s expectations for the Kombat 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.

Trigon Metals Reports Large Mineralized Intersections Along Extended Strike Length at its Silver Hill Project in Morocco

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TORONTO, Nov. 12, 2020 — Trigon Metals Inc. (TSX-V: TM) (“Trigon” or the “Company”) is pleased to announce the results of an initial exploratory drilling program at its Silver Hill project in Morocco (“Silver Hill” or “the Project”). In order to increase the Company’s existing knowledge of the Project and to gain a better understanding of the local geology the Company drilled five diamond core holes, combined total length of 900 metres.

In terms of this program, the Company drilled five diamond core holes (S8 – S12) with a total coverage of 900 metres, for the purposes of building on the Company’s existing knowledge of the project and gaining a better understanding of the local geology.

On August 10, 2020, the Company reported assay results from an elementary exploratory drilling program at Silver Hill; a small underpowered drill rig only capable of shallow vertical holes less than 40 metres was utilized (S1, S2, S3 and S5). These results demonstrated mineralization over a larger than expected interval on the south-western side of the property.

On October 5, 2020, the Company announced assay results from grab samples taken from the northern area of the Project in addition to one sample from the south-eastern side of the property (J10). Again, the results were positive in these areas, demonstrating mineral occurrences over a larger than expected area on the property.

The current drill program focused on the southern area of the property, mainly to test the down dip potential of the initial S1 to S5 holes and also the potential strike connection between the shallow drill holes in the west and the surface grab samples in the east. Drill core was analyzed by AfriLab, an accredited laboratory in Marrakech.

All of the new holes were successful in intercepting copper mineralization, highlighted by wide intercepts of copper mineralization, in particular the following drill holes (copper grades shown):

  • S8 – 3 metre intersection with an average grade of 0.5% and a maximum sample grade of 2.3%. Copper occurrences from a depth of 4 metres, but main mineralized zone intersected at a depth of 83 metres.
  • S9 – 31 metre intersection with an average grade of 0.7%, including a 3 metre intersection at 1.8% and a maximum sample grade of 6.1%. Copper occurrences from a depth of 4 metres. Main mineralized zone intersected at a depth of 37 metres.
  • S10 – 19 metre intersection with an average grade of 0.6%, including a 3.5 metre intersection at 1.1% and a maximum sample grade of 1.7%. Copper occurrences from a depth of 20 metres, but main mineralized zone intersected at a depth of 94 metres.
  • S11 – 20 metre intersection with an average grade of 0.6%, including a 4metre intersection at 1.2% and a maximum sample grade of 2.1%.   Copper occurrences from a depth of 13 metres. Main mineralized zone intersected at a depth of 118 metres.
  • S12 – 5 metre intersection with an average grade of 0.5% and a maximum sample grade of 1.6%. Copper occurrences from a depth of 23 metres, but main mineralized zone intersected at a depth of 115 metres.

Silver grades for the last drill program (up to 56 g/t) are lower when compared to the previous samples taken in the western (up to 531 g/t), centre (up to 280 g/t) and eastern (up to 112 g/t) areas of the property.

The results of the current drill program have provided the Company with valuable information in terms of the geology of Silver Hill project area with key takeaways, as follows:

  • The results have confirmed the strike extension beyond S5 in an easterly direction.
  • Sulphides have been detected at depth, where previously only oxides were noted in surface sampling.
  • The drilling has also confirmed a larger mineralized zone (halo) around the higher-grade areas, as was anticipated from the shallow drilling done in August 2020.

The Company will utilize these results and information to design a second phase drilling program focusing primarily on an area further to the north where grades as high as 21% copper and 280 g/t silver were obtained from grab sampling. The aim of this second phase drilling program will be to get a better understanding of the structural and local geology, to test mineralization and potential sulphides below this high-grade oxide zone as well as to investigate a potential second structure with strike extension to the north.

Jed Richardson, President and CEO of Trigon Metals, said, “We are pleased with the information gathered from our first formal drilling campaign at Silver Hill. To have all of our holes along the 1.5 km target area intersect noteworthy mineralization, leads us to believe that our target is large. The property is unexplored, apart from the limited work done by Technomine prior to the acquisition by Trigon, and we believe it holds enormous potential for extensive mineralization. We are increasing our knowledge with each drill hole and results to date have been supportive of our initial understanding of the geology in the area. We will make good use of the information to focus our upcoming drilling program on targeted areas.”

See below for map of locations.

Silver Hill Project Overview

The Silver Hill Project is an 8 km2 property in the Anti-Atlas region of Morocco. The Project is located at a regional address well known for base metals occurrences in Morocco. Morocco has a mining history that spans in excess of 100 years and is well known for being a mining friendly jurisdiction. Preliminary surface exploration has revealed high-grade copper and silver mineralization distributed over a wide surface area. Slags from ancient workings indicate historical large-scale mining for silver.

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 continues to hold 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 drilling and other exploration at Silver Hill and the results thereof, the future exploration plans for Silver Hill, the prospectivity of the Project, the Company’s ability to explore and advance the Project, the Company’s strategies and the Company’s abilities to execute such strategies, 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.

NI 43-101 Mineral Resource Report on the Kombat Project, Namibia

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The technical report titled “NI 43-101 Mineral Resource Report on
the Kombat Project, Namibia” and dated, October 26, 2020 has been prepared by Qualified Person Uwe Engelmann and on the SEDAR website at www.sedar.com and on the Company website at www.trigonmetals.com.

[embeddoc url=”https://www.trigonmetals.com/wp-content/uploads/Trigon_Kombat_NI43-101_Final-Signed-002.pdf” viewer=”google”]

Trigon Files NI 43-101 Technical Report on Expanded Kombat Mineral Resource

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TORONTO, Oct. 29, 2020 — Trigon Metals Inc. (TSX-V: TM) (“Trigon” or the “Company”) has filed an updated NI 43-101 technical report covering the Kombat copper project in Namibia.

The updated NI 43-101 technical report shows an Indicated Mineral Resource of 7.35 million tonnes and an Inferred Mineral Resource of 31.76 million tonnes, representing increases of 283% and 317% respectively in copper metal content from the Indicated and Inferred Mineral Resource estimates reported as at February 28, 2018 (see press release dated September 28, 2020).

The updated Mineral Resource has been prepared and classified by technical consultants Minxcon (Pty) Ltd (“Minxcon”) 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. For further information with respect to the key assumptions, parameters, risks, the mineral resource estimate, data verification, quality assurance and quality control (“QA/QC”) and other technical information, please refer to the technical report.

The technical report titled “NI 43-101 Mineral Resource Report on
the Kombat Project, Namibia” and dated, October 26, 2020 has been prepared by Qualified Person Uwe Engelmann and on the SEDAR website at www.sedar.com and on the Company website at www.trigonmetals.com.

Qualified Person
Mr. Uwe Engelmann (BSc (Zoo. & Bot.), BSc Hons (Geol.), Pr.Sci.Nat. No. 400058/08, MGSSA) of Minxcon, is a “qualified person” as such term is defined in NI 43-101 and has reviewed and approved the technical information and data included in this press release. As a director of Minxcon, Mr. Engelmann is considered independent.

Drilling at Silver Hill Project, Morocco
The Company has recently begun its exploratory drilling program at the Silver Hill property in Morocco. To date four holes have been completed. Drill core from the initial holes has been delivered to an SGS certified laboratory in Marrakech for analysis. Results are expected shortly.

Trigon Metals Inc.

Trigon is a publicly traded Canadian exploration and development company with its core business focused on copper and silver operations in mining friendly jurisdictions in Africa. The Company holds an 80% interest in five mining licences in the Otavi Mountain lands, 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 Mineral Resources and Reserves and planned drilling program, the Company’s strategies and the Company’s abilities to execute such strategies, the Company’s expectations for the Kombat operations, the Company’s ability to restart the Kombat operations, the Company’s ability to obtain adequate investment and other financing,
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

Trigon Metals Closes Second Tranche of Private Placement Financing

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TORONTO, Oct. 13, 2020 (Trigon Metals Inc. (TSX-V: TM) (the “Company” or “Trigon”) is pleased to announce the closing of the second and final tranche (the “Second Tranche”) of its previously announced brokered private placement financing (the “Offering”). In this Second Tranche, the Company issued 1,471,999 units (the “Units”) at a price of $0.35 per Unit for aggregate gross proceeds of $515,200.

Each Unit is comprised of one common share of Trigon (each a “Common Share”) and one-half of one Common Share purchase warrant (each whole warrant, a “Warrant”). Each Warrant entitles the holder to acquire one Common Share at a price of $0.45 for a period of 36 months following the closing date of the Offering.

Under the initial tranche of the private placement, which closed on September 24, 2020, Trigon issued a total of 13,721,042 Units for aggregate gross proceeds of $4,802,365 (the “Initial Tranche”). Pursuant to the Initial Tranche and the Second Tranche (together, the “Offering”), the Company has raised a total of $1,303,335.

The net proceeds of the Offering will be used to acquire additional silver-copper projects associated with the Silver Hill Project in Morocco, for exploration on the Silver Hill Project and general corporate purposes.

The Offering was led by Cormark Securities Inc. on behalf of a syndicate of agents that included M Partners Inc. (collectively, the “Agents”). As consideration for their services provided in connection with the Second Tranche, the Company has (i) paid the Agents a cash commission equal to $7,728. The Company also paid an aggregate amount of $57,547.55 to other arm’s length finders as part of the initial and Second Tranche of the Offering. All of the subscribers in the Second Tranche were on the Company’s “President’s List”.

All of the securities issued by the Company pursuant to the Second Tranche will be subject to a four-month statutory hold period which expires on February 14, 2021.

An insider of the Company subscribed for 70,000 Units under the Second Tranche. Each transaction with an insider of the Company constitutes a “related party transaction” within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company is relying on exemptions from the formal valuation requirements of MI 61-101 pursuant to section 5.5(a) and the minority shareholder approval requirements of MI 61-101 pursuant to section 5.7(1)(a) in respect of such insider participation as the fair market value of the transaction, insofar as it involves interested parties, does not exceed 25% of the Company’s market capitalization.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

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 continues to hold an 80% interest in five mining licences in the Otavi Mountain lands, an area of Namibia widely recognized for its high-grade copper deposits. Within these licences are three past producing mines including the Company’s flagship property, the Kombat Mine.

For further information, contact:

Jed Richardson

+1 416 566 8134

Cautionary Statement on Forward-Looking Information

This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding use of proceeds from the Offering. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of current exploration activities; risks associated with operation in foreign jurisdictions; ability to successfully integrate the purchased properties; foreign operations risks; and other risks inherent in the mining industry. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities 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.

Samples Assayed at Silver Hill Extend Potential Strike Length to 2.0 km of High-Grade Mineralization

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TORONTO, Oct. 05, 2020 — Trigon Metals Inc. (TSX-V: TM) (“Trigon” or the “Company”) is pleased to report assay results from grab samples taken at the Company’s Silver Hill copper-silver project (“the Project”) in Morocco. Notably, surface sampling returned positive results from a newly identified area of mineralization, containing evidence of historical mining – sample J10 returned 112g/t silver and 6.80% copper. The new area is presumed to be an extension of the uppermost structure drilled and reported by Trigon on August 10, 2020. This result extends the known area of mineralization 1.2 km beyond the previous work, increasing the potential strike length to at least 2 km.

The remainder of the work focused on the second structure that to date has reported higher grade copper and lower silver grades than the first structure (upper most structure). Work included sampling of outcrop on a road cut in the area, notably sample J2 returned 5.84% copper and 1 g/t silver. Samples were taken from walls of a historical adit, approximately 20 m from the entrance. Notable results include sample J3 with 5.04% copper and 24 g/t silver and sample J5 with 14.32% copper and 280 g/t silver. Waste piles outside of the adit were also sampled returning extraordinary copper results – J6 returned 12.40% copper and 32 g/t silver, and J9 returned 21.39% copper and 24 g/t silver. Samples were analyzed for silver and copper using Inductively Coupled Plasma – Atomic Emission Spectroscopy (“ICP-AES”) prepared using four acid absorption in Marrakech, Morocco by African Laboratory for Mining and Environment (“AfriLab”).

See below for table of results, map of locations and images of samples.

Jed Richardson, president and CEO of Trigon Metals, commented, “We are very pleased with the new results from Silver Hill which demonstrate that the mineralization extends beyond the area that was initially identified. On the success of the sampling at J10, the upcoming drilling program will target this area in addition to testing down dip extensions from the mineralization identified by the previous shallow drilling.”

Table 1 – Silver Hill Samples

Hole ID Notes Ag (g/t) Cu (%)
J2 Road cut outcrop (2nd structure) 1 5.84
J3 Adit wall (2nd structure) 24 5.04
J5 Adit wall (2nd structure) visible azurite 280 14.32
J6 Sample from waste pile at entrance of adit (2nd structure) 32 12.40
J9 Sample from waste pile at entrance of adit (2nd structure) 24 21.36
J10 Sample from Eastern ancient shafts (1st structure) increases the potential strike length to at least 2km 112 6.80

Figure 1 – Silver Hill Global Map:

Silver Hill Project Overview

The Silver Hill Project is an 8 km2 property in the Anti-Atlas region of Morocco. The Project is located at a regional address well known for base metals occurrences in Morocco. Morocco has a mining history that spans in excess of 100 years and is well known for being a mining friendly jurisdiction. Preliminary surface exploration has revealed high-grade copper and silver mineralization distributed over a wide surface area. Slags from ancient workings indicate historical large-scale mining for silver.

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 continues to hold 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 sampling at Silver Hill and the results thereof, the future exploration plans for Silver Hill, the prospectivity of the Project, the Company’s ability to explore and advance the Project, the Company’s strategies and the Company’s abilities to execute such strategies, 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.

Image 1
Sample J2 – road outcrop

Image 2
Sample J3 – taken from adit walls

Image 3
Samples J5 – taken from adit walls

Image 4
Sample J6 – taken from waste piles at the entrance to adit

Image 5
Sample J9 – taken from waste piles at the entrance to adit

Image 6
Sample J10 – historical workings 1.2 km from previous work

 

For further information, contact:

Jed Richardson
+1 416 566-8134

Website: www.trigonmetals.com