kombat mine

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 Provides Additional Details of Kombat Trend Drilling, Namibia

22 February 2023 by trigonmetals

TORONTO — Feb 22, 2023 — Trigon Metals Inc. (TSX-V: TM; OTCQB: PNTZF) (“Trigon” or the “Company”) announces additional 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 East 400 area, 150 metres east of the 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 4C (358 azimuth, -58 dip)
– 13m, 1.78%Cu, from 28m

Hole 4D (356 azimuth, -55 dip)
– 3m, 2.69%Cu, 28.7g/tAg, from 22m

Hole 5C (2 azimuth, -85 dip)
– 10m, 1.53%Cu, from 21m

Hole 6C (352 azimuth, -52 dip)
– 12m, 1.98%Cu, from 41m

The holes reported are from drilling testing gaps in the known mineralization previously thought to be barren. Holes 4C, 4D, 5C and 6C are verification holes testing continuity between areas previously drilled. The results are some of the longest intercepts drilled from surface and with both sulfide and oxide mineralization.

Jed Richardson, Trigon’s President and CEO, commented, “We are working towards a first blast in the open pit in April as planned. The team is now working on a detailed mine plan and the mine contractor is currently working on our tailings facility and they have all of the necessary equipment in place for start-up.”

Table of Drilling Highlights

Hole ID	X	Y	Depth	Azimuth	Dip	Significant and Selected Intersections	Date of News Release
CenMid01	74588.147	253430.329	36.20	350.1	-77.0	5.1m of 3.0% copper and 13.6 g/t silver, from 8.0m, 6.9m of 1.6% copper and 13.5g/t silver, from 16.1m.	August 4, 2022
CenMid01A	74759.065	253547.147	41.69	180.0	-76.8	11.0m of 2.6% copper, 75.0m down the hole	August 4, 2022
CenMid02	74649.512	253475.398	58.08	201.6	-67.4	9.0m of 2.7% copper and 9.1 g/t silver, from 44.0m	August 4, 2022
CenMid04	74679.864	253481.351	77.65	177.8	-61.7	6.0m of 2.4% copper and 5.6 g/t silver, from 55.0m 2m of 1.2% copper, from 67m.	August 4, 2022
Infill05	74813.689	253508.664	76.00	186.6	-70.7	2m of 1.0% copper from 23.0m 4.0m of 0.8 copper from 28.0m 7.0m of 1.4% copper from 40.0m (see Figure 3)	August 4, 2022
Infill06	74829.500	253512.902	79.15	181.0	-73.2	6.0m of 1.2% copper from 20.0m 10.0m of 1.7% copper from 56.0m	August 4, 2022
E400-5B	74965.000	253526.000	83.19	180.0	-50.0	4.0 m at 7.67 % copper and 10.73 g/t silver from 35.0m 3.0 m at 0.98 % Cu from 67.0 m.	Sept 15, 2022
E400-07A	74995.713	253539.191	88.23	180.0	-70.0	2.0 m at 1.19 % copper and 9.98g/t silver from 33.0m.	Sept 15, 2022
E400-07B	74994.991	253524.036	72.85	167.9	-49.0	4.0m of 2.25% copper and 5.49g/t silver from 30.0m 3.0m or 1.02 copper and 4.19g/t silver from 42.0m.	Sept 15, 2022
E400-07C	74995.000	253545.000	93.85	180.0	-55.0	6.0m of 1.02% copper and 10.42 g/t silver, from 50.0m	Sept 15, 2022
CenEast 00	74752.736	253494.518	112.38	184.8	-71.1	19m at 1.18%, from 64-83m 3m at 3.24% copper and 11.75 g/t silver, from 101-104m	November 9, 2022
Hole V01	74989.941	253533.340	78.30	172.7	-58.8	7m at 2.22% copper and 27.13 g/t silver, from 56-63m	November 9, 2022
Hole V03	74974.992	253535.389	114.30	183.5	-53.3	47m at 1.20% copper and 5.35 g/t silver, from 28-75m	November 9, 2022
E400-02A	74917.375	253527.117	112.35	181	-71.8	8m, 1.10% Cu, from 94-102m	January 19, 2023
E400-02B	74917.444	253526.135	114.85	172.7	-58.8	9m at 0.9% copper 9-18m and 11m at 0.9% copper 68-79m	January 19, 2023
E400-04A	74949.328	253533.278	73.20	184	-43.2	5m at 3.98% copper and 8.7 g/t silver 44-49m	January 19, 2023
E400-04B	74950.352	253518.725	84.85	172	-49.4	17m at 1.0% copper and 15.50 g/t silver 0-17m	January 19, 2023
E400-04C	253,476	1,603	61.2	358	-58	13m, 1.78%Cu, from 28m	February 22, 2023
E400-04D	253,503	1,608	51.9	356	-55	3m, 2.69%Cu, 28.7g/tAg, from 22m	February 22, 2023
E400-05C	253,489	1,609	76.0	2	-85	10m, 1.53%Cu, from 21m	February 22, 2023
E400-06C	253,477	1,607	87.8	352	-52	12m, 1.98%Cu, from 41m	February 22, 2023

Figure 1: Map of the East 400 Program Area Showing Location of Holes 4C, 4D, 5C and 6C in East 400 Program Area Verification holes 4C, 4D, 5C and 6C are in the heart of the East 400 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 E400 Hole 4C and 4D Figure 2 shows the draft resource modelling done before the drilling of E400-04C and E400-04D. Drilling the planned E400-04C checked for high-grade copper extension to the north, while the shallow E400-04D confirmed the position of the contact which is quite complex in this area.

Figure 3: Drill Core from Hole 4C The core pictured in Figure 3 shows the clearly visible sulfide mineralization.

Figure 4: Cross section E400 Hole 5C Drilling E400-05C has confirmed the high-grade near-surface copper intersections suggested by historical drilling.

Figure 5: Drill Core from E400 Hole 5C The core pictured in Figure 5, again shows shiny golden-coloured chalcopyrite mineralization (copper mineral) throughout the drill core.

Figure 7: Drill Core from E400 Hole 6C The core pictured in Figure 7 again shows shiny golden-coloured chalcopyrite mineralization (copper mineral) throughout the drill core.

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 ICP-OES 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 Roadshows this Week

Trigon will be participating in two live Virtual Non-Deal Roadshow sessions on Thursday, February 23, 2023. Trigon welcomes stakeholders, investors, and other individual followers to register and attend this live event.

The presentation will feature Jed Richardson, Chief Executive Officer and President and Aidan Sullivan, Vice-President, Investor Relations. Topics to be covered will include the latest investor presentation followed by a live Q&A. Investors interested in participating in this event will need to register using the links below. As a reminder, registration for the live event may be limited but access to the replay after the event will be on The Company’s Investor website.

Click a link below to register:

Thursday, February 23, 2023
10:00 a.m. ET: https://www.renmarkfinancial.com/live-registration/renmark-virtual-non-deal-roadshow-tsx-v-tm-otcqb-pntzf-2023-02-23-100000
4:00 p.m. ET: https://www.renmarkfinancial.com/live-registration/renmark-virtual-non-deal-roadshow-tsx-v-tm-otcqb-pntzf-2023-02-23-130000
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

[embeddoc url=”https://www.trigonmetals.com/wp-content/uploads/TM-Kombat-Trend-Drilling-Final-Update-plus-Summary-February-2023-FINAL.pdf” download=”all” viewer=”google”]

Trigon Confirms Acquisition of Copper King Extension at Kombat in Namibia

30 January 2023 by trigonmetals

TORONTO — Jan 30, 2023 — Trigon Metals Inc. (TSX-V: TM) (“Trigon” or the “Company”) is pleased to announce that it has entered into a definitive agreement (the “Agreement”) to expand its land holding in Namibia, through the acquisition of exclusive prospecting licence 8529 (“EPL 8529” or the “Licence”). 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.

EPL 8529 is currently held by Namibian company, Otjiwa Mining and Prospecting CC (“Otjiwa”) and is valid for a period of three years from November 9, 2022 to November 8, 2025.

On January 30, 2023, Trigon, together with its Namibian subsidiary, Trigon Mining (Namibia) (Pty) Ltd (“Trigon Namibia”) entered into an agreement with Otjiwa for the acquisition of EPL 8529 (the “Agreement”). The purchase consideration for the Licence comprises a cash price of N$1,750,000 (approximately C$135,449) and N$250,000 (C$19,350) to be settled by the issuance of 84,129 Trigon shares.

The Agreement is subject to customary closing conditions, including approval from the Minister of Mines and Energy in Namibia for the transfer of the Licence from Otjiwa to Trigon Mining and the approval of the TSX Venture Exchange. The Acquisition is an arm’s length transaction.

Jed Richardson, President & CEO of Trigon Metals, commented, “EPL8529 referred to as the Copper King Extension, is an important part of the long-term future of the Kombat mine, the 35km of prospective strike length has numerous copper showings that Trigon is eager to test for potential economic deposits of mineralization, When surface drilling for near term open pit resources later this calendar year, drills will move to the new targets on the Copper King.”

Qualified Person

CORRECTION NOTICE: Renmark Financial to provide Investor Relations Support and Host Virtual Roadshows

In a release issued on Tuesday, January 23 by Trigon Metals Inc. (TSXV:TM), please note that the paragraph under the subheading “Renmark Financial to provide Investor Relations Support and Host Virtual Roadshows” should have included the contract period during which IR services will be provided and the anticipated total costs of the activities. The corrected release follows:

The Company has engaged Renmark Financial Communications Inc. (“Renmark”) to amplify its investor relations efforts at an estimated total cost of $63,000 to the Company. The services will be utilized for a period of 7 months, having commenced on January 1, 2023 and ending on July 31, 2023, continuing monthly thereafter unless otherwise terminated pursuant to the terms set out in the agreement.

About Renmark Financial Communications Inc.

Founded in 1999, Renmark Financial Communications Inc. is North America’s leading retail investor relations firm. Employing a strategic and comprehensive mix of exposure tactics; Renmark hosts Virtual Non-Deal Roadshows as well as in-person corporate presentations and maintains daily communications with thousands of brokers and money managers across Canada and the United States. Renmark empowers its publicly-traded clientele to maximize their visibility within the financial community and strengthen its investor audience.

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 Agreement, the Company’s ability to close the acquisition of EPL 8529, 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.

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

Trigon’s Kombat Trend Drilling Continues to Reveal Growing Magnitude of East 400 Area at Kombat Mine, Namibia

19 January 2023 by trigonmetals

TORONTO — Jan 19, 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”). These results are from the East 400 area, 150 metres east of the Kavango Pit, discussed in recent press releases (August 4, September 15, and November 9, 2022), extending the Kombat trend mineralization.

Highlights of the Drill Results

Hole 2A (181 azimuth, -71.8 dip)
– 8m at 1.10% copper 94-102m

Hole 2B (172.7 azimuth, -58.8 dip)
– 9m at 0.9% copper 9-18m and,
– 11m at 0.9% copper 68-79m

Hole 4A (184 azimuth, -43.2 dip)
– 5m at 3.98% copper and 8.7 g/t silver 44-49m

Hole 4B (172 azimuth, -49.4 dip)
– 17m at 1.0% copper and 15.50 g/t silver 0-17m

Figure 1: Map of the East 400 Program Area - The CenEast hole is east of the majority of the drilling that has been reported from this program in the area of the Kavango pit, initially disclosed in the press release dated May 17, 2022. It lies between East 200 affectionately called the Fat Avocado and what was previously thought to be a separate body situated to the east. (Photo: Business Wire)

Figure 1: Map of the East 400 Program Area – The CenEast hole is east of the majority of the drilling that has been reported from this program in the area of the Kavango pit, initially disclosed in the press release dated May 17, 2022. It lies between East 200 affectionately called the Fat Avocado and what was previously thought to be a separate body situated to the east. (Photo: Business Wire)

Figure 2: Cross Section E400 Hole 2A and 2B – The draft resource modelling done before the drilling of E400-02A & E400-02B could only show a very small resource block (yellow grid at the bottom of the section). By intersecting good Copper grades outside of the expected E200 Resource Block, there is a potentially significant increase in the E200 Resource Block tonnage and grade. Also, since there are good Copper intersections closer to surface, the Stripping Ratio of a potential open pit is expected to be improved. NOTE: Stripping Ratio = Ratio of Ore to Waste (Photo: Business Wire)

Figure 3: Drill Core from Hole 2A - The core pictured in Figure 3 shows the clearly visible sulfide mineralization. (Photo: Business Wire)

Figure 3: Drill Core from Hole 2A – The core pictured in Figure 3 shows the clearly visible sulfide mineralization. (Photo: Business Wire)

Figure 4: Location of Holes 2A, 2B, 4A and 4B in East 400 Program Area – Verification holes 2A, 2B, 4A and 4B are in the heart of the East 400 mineralized zone discussed in previous Trigon press releases 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. (Photo: Business Wire)

Figure 5: Cross section E400 Holes 4A and 4B – Drilling E400-04A has confirmed the high-grade near-surface Copper intersections suggested by historical drilling. In addition, E400-04B has also intersected high-grade copper on surface and just below which is expected to enhance the Stripping Ratio of a potential open pit. Drilling the planned E400-04C will check for high-grade copper extension to the north, while the planned shallow E400-04D will confirm the position of the contact which is quite complex in this area. (Photo: Business Wire)

Figure 6: Drill Core from E400 Hole 2B - The Core pictured in Figure 6, again shows shiny golden-coloured chalcopyrite mineralization (copper mineral) throughout the drill core. (Photo: Business Wire)

Figure 6: Drill Core from E400 Hole 2B – The Core pictured in Figure 6, again shows shiny golden-coloured chalcopyrite mineralization (copper mineral) throughout the drill core. (Photo: Business Wire)

The holes reported are from drilling testing gaps in the known mineralization previously thought to be barren. Holes 2A, 2B, 4A and 4B are verification holes testing continuity between areas previously drilled. The results are some of the longest intercepts drilled from surface and with both sulfide and oxide mineralization.

Jed Richardson, Trigon’s President and CEO, commented, “Surface drilling continues for the Kombat open pit, we continue to be pleased with grades and the length of the intercepts in this area of our planned pit. We have completed all of the targeted holes for the mine plan for open pit restart scheduled to commence next quarter. We will announce the additional holes as those results become available. The final data is being collected and work has commenced on the mine plan, however, exploration drilling will continue as drills move to test new areas at surface.”

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 ICP-OES 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

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) accept responsibility for the adequacy or accuracy of this release.

Contacts

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

Website: www.trigonmetals.com

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Trigon Reports New High Grade Drill Results at Growing New Zone at Kombat Mine, Namibia

9 November 2022 by trigonmetals

TORONTO —Trigon Metals Inc. (TSX-V: TM) (“Trigon” or the “Company”) announces results from the drilling of new mineralization targets at Kombat Mine in Namibia (the “Project”). These results are from the East 400 area, 150 metres east of the Kavango Pit, discussed in recent press releases (August 4, 2022 and September 15, 2022), extending the Kombat trend mineralization.

Highlights of the Drill Results

CenEast 00 (184.8 azimuth, -71.1 dip)

– 19m at 1.18%, from 64-83m
– 3m at 3.24% copper and 11.75 g/t silver, from 101-104m

Hole V01 (172.7 azimuth, -58.8 dip)

– 7m at 2.22% copper and 27.13 g/t silver, from 56-63m

Hole V03 (183.5 azimuth, -53.3 dip)

– 47m at 1.20% copper and 5.35 g/t silver, from 28-75m

The holes reported are from drilling testing gaps in the known mineralization previously thought to be barren. CenEast 00, V01 and V03 are verification holes testing continuity between areas previously drilled. The results are some of the longest intercepts drilled from surface and are consistently sulfide mineralization.

Jed Richardson, President and CEO, commented, “Drilling continues to intercept massive sulfide copper mineralization. Widths appear to be increasing and the continuity of the mineralization appears to be improving as we connect what were thought to be isolated zones. Wider continuous zones of mineralization are what is needed for lower costs and higher recoveries when open pit production is restarted. Higher grades, increased widths and a lack of oxidization show a marked improvement from the ore that was processed from the central pit earlier this year.”

Figure 1: Map of the East 400 Program Area. The CenEast 00 hole is east of the majority of the drilling that has been reported from this program in the area of the Kavango pit, initially disclosed in the press release dated May 17, 2022 . It lies between East 200 affectionately called the Fat Avocado and what was previously thought to be a separate body situated to the east.

Figure 1: Map of the East 400 Program Area

The CenEast hole is east of the majority of the drilling that has been reported from this program in the area of the Kavango pit, initially disclosed in the press release dated May 17, 2022. It lies between East 200 affectionately called the Fat Avocado and what was previously thought to be a separate body situated to the east.

Figure 2: Cross Section E400 Hole CenEast 00 and CenEast 00a. CenEast 00 hole intercepted a wide zone of mineralization filling in an area thought to be an unmineralized gap previously. Hole CenEast 00A has been drilled and assays are pending. This hole shows the mineralization may be more continuous than previously thought.

Figure 2: Cross Section E400 Hole CenEast 00 and CenEast 00a

CenEast 00 hole intercepted a wide zone of mineralization filling in an area thought to be an unmineralized gap previously. Hole CenEast 00A has been drilled and assays are pending. This hole shows the mineralization may be more continuous than previously thought.

Figure 3: Drill Core from CenEast 00. The core pictured in Figure 3 shows the clearly visible sulfide mineralization.

Figure 3: Drillcore from CenEast 00

The core pictured in Figure 3 shows the clearly visible sulfide mineralization.

Figure 4: Location of Holes V01 and V03 in East 400 Program Area

Verification holes V01 and V03 are in the heart of the East 400 mineralized zone discussed in previous Trigon press releases 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 5: Cross section E400 Hole V01. Hole V01 is a verification hole testing a zone between two areas of known mineralization, verifying the continuity.

Figure 5: Cross section E400 Hole V01

Hole V01 is a verification hole testing a zone between two areas of known mineralization, verifying the continuity.

Figure 6: Cross section E400 Hole V03

Hole V03 is another verification hole. It again tests an area outside of the known resource between two mineralized areas. The results represent one of the longer interceptions and shows mineralization almost right up to the contact between the dolomite host rock and the phyllite interior of the Otavi syncline the structural feature that defines the Kombat mineralization and the entire 35km trend controlled by Trigon.

Figure 7: Drillcore from E400 Hole V03. The Core pictured in Figure 7, again shows shiny golden-coloured chalcopyrite mineralization (copper mineral) throughout the drill core

Figure 7: Drillcore from E400 Hole V03

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

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.

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 the Project, the mineralization of the Project, the Company’s exploration plans, the prospectivity of the 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.

Contacts

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

Kavango Pit and Kombat Trend Drilling Highlights Strength of New Zone at Trigon’s Kombat Mine

4 August 2022 by trigonmetals

TORONTO — Trigon Metals Inc. (TSX-V: TM) (“Trigon” or the “Company”) announces results from drilling of new mineralization targets at Kombat Mine in Namibia (the “Project”), in the area of the Kavango Pit, along the Kombat trend mineralization.

Jed Richardson, President and CEO, commented, “Kavango drilling and the early mining in this area have been very encouraging. Mineralization has been far more consistent and massive, matching the nature of the mineralization we find in the underground mine and other areas of the Kombat trend. These initial results confirm our confidence that our revised exploration and production focus will provide significant upside.”

Highlights of the Drill Results

Holes from the Kavango Pit area:

Hole CenMid01 (azimuth 350.1, dip -77.0)

5.1m of 3.0% copper and 13.6 g/t silver, from 8.0m,
And, 6.9m of 1.6% copper and 13.5g/t silver, from 16.1m.

Hole CenMid01A (azimuth 180.0, dip -76.8)

11.0m of 2.6% copper, 75.0m down the hole

Hole CenMid02 (azimuth 201.6, dip -67.4)

9.0m of 2.7% copper and 9.1 g/t silver, from 44.0m

Hole CenMid04 (azimuth 177.8, dip -61.7)

6.0m of 2.4% copper and 5.6 g/t silver, from 55.0m
And, 2m of 1.2% copper, from 67m.

Holes from connecting the Kavango mineralization to the East 400 (Fat Avo) area:

Hole Infill05 (azimuth 186.6, dip -70.7)

2m of 1.0% copper from 23.0m
And, 4.0m of 0.8 copper from 28.0m
And 7.0m of 1.4% copper from 40.0m (see Figure 3)

Hole Infill06 (azimuth 181.0 , dip -73.2)

6.0m of 1.2% copper from 20.0m
10.0m of 1.7% copper from 56.0mHoles are following the mineralization from the area being mined eastward. Holes with the same number and a letter designation are drilled from the same location and different inclinations. Holes marked infill are holes drilled between the Kavango pit zone and the Fat Avo, a high-grade mineralized body previously identified by historic underground drilling. The drilling between the bodies is newly identified mineralization.

Holes are following the mineralization from the area being mined eastward. Holes with the same number and a letter designation are drilled from the same location and different inclinations. Holes marked infill are holes drilled between the Kavango pit zone and the Fat Avo, a high-grade mineralized body previously identified by historic underground drilling. The drilling between the bodies is newly identified mineralization.

Figure 1: Map of Program Area

Figure 1: Map of Program Area The aerial photo shows the area where mining and stripping have already occurred. A yellow “x” represents holes completed, both reported and those for which results are still pending and red “x” represents planned holes to be drilled.

The aerial photo shows the area where mining and stripping have already occurred. A yellow “x” represents holes completed, both reported and those for which results are still pending and red “x” represents planned holes to be drilled.

Figure 2: Open Pit Mining Area The red box is the zone depicted in the drilling map. See Figure 1

Figure 2: Open Pit Mining Area The red box is the zone depicted in the drilling map. See Figure 1. Figure 3: Drill Core from Hole Infill05 Core in the box is marked at the depth from surface versus the down-the-hole measurement in the numbers highlighted in the release.

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 the Project, the mineralization of the Project, the Company’s exploration plans, the prospectivity of the 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.

Contacts

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

kombat mine

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