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

Trigon Metals

Exploring Copper and Silver in Africa’s Best Jurisdictions

press releases

Trigon Metals Completes First Drawdown of US$5 Million Project Finance Facility with IXM And Signs Offtake Agreement

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TORONTO, ON – November 23, 2021 – Trigon Metals Inc. (TSX-V:TM) (“Trigon” or the “Company”) is pleased to announce that it has satisfied all of the conditions precedent to funding pursuant to its credit agreement with IXM SA (“IXM”) for a US$5 million project finance facility for the restart of the Kombat mine, as announced on October 28, 2021.

The first tranche of the credit facility of US$2.5 million will be drawn down immediately, with the second tranche consisting of the remaining US$2.5 million anticipated to be drawn down in December 2021, subject to conditions precedent for that tranche, including a requirement of further funding support from Trigon, as required.

Trigon and IXM have now also signed the offtake agreement for the purchase of copper concentrate by IXM from the Kombat mine.

IXM is a global merchandiser of base and other non-ferrous metals, with expert teams on every continent. It is among the top copper, zinc, and lead concentrate, and cobalt merchants internationally and is a leading trader of refined base metals. It is already active in Namibia, with a strong track record in that region, making it the ideal partner for the Kombat mine as it commences production. The company is fully owned by the CMOC group, which is an international mining company with operations across the world and one of the leading suppliers of copper, cobalt, molybdenum, tungsten, niobium and phosphate fertilizer products.

Commenting, Jed Richardson, President and CEO of Trigon, said, “We are pleased to close both the funding and offtake arrangements with IXM. We are now reaching the final stages of the restart activities at Kombat, with the plant planned to be commissioned in December, and first concentrates expected in early 2022. All our focus is now on achieving these targets.”

About the Kombat Project

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

Trigon Metals Inc.

Trigon is a publicly traded Canadian exploration and development company with its core business focused on copper and silver holdings in mine-friendly African jurisdictions. Currently the company has operations in Namibia and Morocco. In Namibia, the Company holds an 80% interest in five mining 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 offtake and financing facility terms, the restart of the Kombat mine, the Company’s ability to complete the second drawdown; 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.

For further information, contact:
Jed Richardson
+1 647 276 0002
jed.richardson@trigonmetals.com
Website: www.trigonmetals.com

Trigon Metals Reports 8m of 6.56% Copper Extending Open Pit Mineralization, Namibia

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TORONTO, ON – November 11, 2021 – Trigon Metals Inc. (TSXV:TM) (“Trigon” or the “Company”) is pleased to announce that recent drilling has unexpectedly intercepted high-grade mineralization that has the potential to increase both the resource tonnes and deposit grade.

Geotechnical drill testing of the rock conditions around the planned open pits was completed to confirm rock stability for mine design purposes. Core from these holes, outside of the currently designed pit shells, the core in the holes showed visible mineralization and were sent to be assayed.

Four of the geotechnical holes contained significant amounts of copper, representing the potential for an increase of tonnage, of grade and of the life of the open mine.

Highlights of the drill results are as follows:

  • Hole (GTBH010): 8m intersection of 6.56% Cu which includes 5m of 9.15% Cu @ (66-74m).
  • Hole (GTBH010): 3m intersection of 1.36% Cu @(89-92m).
  • Hole (GTBH004): 2m intersections of 1.2% Cu @(57-59m) and 1.4 % Cu @(75-77m).
  • Hole (GTBH013): 4m intersection of 1.72% Cu which includes 2m of 3.3% Cu @(57-61m).
  • Hole (BH21-09): 2m intersection of 1.27% Cu @(52-54m).

 

The holes were completed in September and confirmed the ground stability conditions, this data has been used in the design of our planned open pits. Assays for the holes with visible mineralization have just been received.

Commenting, Jed Richardson, President and CEO of Trigon, said, “These results illustrate the additional potential of the Kombat Mine and represent only a fraction of the 30 kilometres of strike length within the Company’s property.

About Kombat Mine

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

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 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 restart of the Kombat Mine, the results of the current drilling program, the mineralisation of the project, 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.

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

Trigon Metals Signs US$5 Million Project Finance Facility with IXM and Agrees Offtake Terms

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TSX.V: TM
www.trigonmetals.com

Mr. Jed Richardson reports:

TORONTO, ON – October 28, 2021 – Trigon Metals Inc. (TSX-V:TM) (“Trigon” or the “Company”) is pleased to announce that it has entered into a credit agreement with IXM SA (“IXM”) for a US$5 million project finance facility to provide the next tranche of funding required for the restart of the Kombat Mine. The parties have also agreed on concentrate offtake terms for the offtake of copper concentrate by IXM from the Company’s Kombat Mine in Namibia.

IXM is a global merchandiser of base and other non-ferrous metals, with expert teams on every continent. It is among the top copper, zinc, and lead concentrate, and cobalt merchants internationally and is a leading trader of refined base metals. It is already active in Namibia, with a strong track record in that region, making it the ideal partner for the Kombat Mine as it commences production. IXM is fully owned by the CMOC group, which is an international mining company with operations across the world and one of the leading suppliers of copper, cobalt, molybdenum, tungsten, niobium and phosphate fertilizer products.

Financing Facility

Trigon and its Namibian subsidiary, Trigon Mining (Namibia) (Pty) Ltd (“Trigon Namibia”), have entered into a credit agreement with IXM for a US$5 million project finance facility (the “Facility”), the proceeds of which will be used for capital and operating expenditure for the restart of the Kombat Mine.

The Facility is expected to be drawn down in two tranches of US$2.5 million each. The drawdowns are subject to various conditions precedent, including signature of the offtake agreement as referred to below, receipt of applicable board of directors, and regulatory approvals, as well as confirmation of further funding support from Trigon as required.

The Facility is repayable over 36 months, commencing 6 months after the initial drawdown. Trigon Mining will pay to IXM a commitment fee of 3.2% of the Facility amount and an arrangement fee of 1.0% of the Facility amount, each fee payable pro rata based on the amount of each tranche.

Trigon will provide an unsecured guarantee of the obligations under the Facility, Trigon Namibia will provide certain security over substantially all of its assets that do not require third party approval to charge and Kombat Holdings Namibia (Pty) Ltd. will pledge its shares of Trigon Namibia to IXM as security for Trigon Namibia’s obligations under the Facility.

Copper Concentrate Offtake

IXM has agreed on terms with Trigon Namibia to acquire 100% of the production from the Kombat open pit mine, which is scheduled to produce its first concentrate in early 2022.

Jed Richardson, President and CEO of Trigon, commented, “We have been engaging with IXM over the past few months and are pleased to announce our partnership with them as we take the Kombat Mine into production. The finalization of our financing and offtake arrangements was a key milestone in the restart process and we look forward to developing a long-term relationship with IXM as the operation grows.”

About Kombat Mine

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

Trigon Metals Inc.

Trigon is a publicly traded Canadian exploration and development company with its core business focused on copper and silver holdings in mine-friendly African jurisdictions. Currently the company has operations in Namibia and Morocco. In Namibia, the Company holds an 80% interest in five mining 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 offtake and financing facility terms, the restart of the Kombat Mine, 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.

For further information, contact:

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

Trigon Metals Commences Mining Operations at Kombat Mine, Namibia

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TORONTO, ON – October 19, 2021 – Trigon Metals Inc. (TSXV:TM) (“Trigon” or the “Company”) is pleased to announce that the Kombat Mine officially resumed production after 14 years of closure.

Trigon has successfully restarted the Kombat Mine with a successful blast in the Kombat open pit this morning at 11:30 a.m. Namibia time.

Jed Richardson, President and CEO of Trigon, commented, “Today marks a momentous milestone; for Trigon, the community of Kombat and country of Namibia, and of course our valued shareholders. Special thanks to our team for their diligence in moving the Company forward to this great day.”

For an up-close look at the first official blast at the Kombat open pit, please visit Trigon online in the upcoming days for pictures and videos on Facebook, Instagram, LinkedIn, YouTube and Twitter.

About Kombat Mine

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

Trigon Metals Inc.

Trigon is a publicly traded Canadian exploration and development company with its core business focused on copper and silver holdings in mine-friendly African jurisdictions. Currently the company has operations in Namibia and Morocco. In Namibia, the Company holds an 80% interest in five mining licences in the Otavi Mountainlands, an area of Namibia widely recognized for its high-grade copper deposits, where the Company has redeveloped the previously producing Kombat Mine and continues to explore its licences. 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 restart of the Kombat Mine, 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.

For further information, contact:

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

Trigon Metals Provides Progress Update on Silver Hill Project, Morocco

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TORONTO, ON – September 29, 2021 – Trigon Metals Inc. (TSXV:TM) (“Trigon” or the “Company”) is pleased to provide a progress update on work at the Company’s Silver Hill project in Morocco (“Silver Hill” or the “Project”). Following the conclusion of drilling in early 2021, the Company has been working to advance the Project in preparation for a resumption of drilling planned for December 2021. Work has focused on mapping and remote sensing, identifying signatures for mineralization in the drilled discovery area, and the new hydrothermal vent mineralization discovered in the high-grade trench, 1.5km from the discovery zone. The Company also welcomes Mr. Jed Diner, P.Geo to the team to strengthen its exploration team in Morocco.

The Company has completed a detailed topographic survey of the entire exploitation permit with an aerial drone survey to provide an accurate geographical framework to input completed and future drilling. The survey is expected to enable the production by the Company of more accurate maps, cross-sections and DTM (Digital Terrain Models).

Geochemical sampling work continues at site. To date, work has focused on the area of the trench with collection of some 240 samples around the area that exposed the high-grade hydrothermal vent mineralization. The trench returned 13 metres of 2.7% copper, 34.5 g/t silver and 82 ppm cobalt (See press release dated February 24, 2021). The soils from this area for marker minerals can be used to identify extensions to the mineralization on the Project permit area and the adjacent claims. Trigon has under application over 14km of potential strike length that shows evidence of similar hydrothermal mineralization. Trigon has priority over the claims but is awaiting official granting by the regional mineral commission. Information gleaned from this sampling program could generate a powerful exploration tool that can be applied regionally.

A detailed ground geophysical survey is planned for the discovery drilling area, the hydrothermal high-grade trench and the adjoining areas in the coming weeks. Electromagnetic (EM) surveying will be employed. Given the nature of the mineralization, this method is expected to generate an interesting signature that will be compiled with geochemical results, geology, and drilling results. The work is intended to help focus drilling planned for December 2021, looking to identify a potentially mineralized connection between high grade copper and silver drilled in the discovery zone and the trench mineralization 1.5km away. If the mineralization is directly connected, it could translate into over 2km of richly mineralized strike-length, evidencing a large-scale deposit. The survey may also determine that the structures do not connect, and though related may run parallel to each other, a result that could be interpreted as more favourable.

Trigon is pleased to welcome Mr. Jed Diner, P.Geo to its team. He will oversee exploration activities at Silver Hill. Mr. Diner has worked as a consulting geologist on a wide variety of precious and base metals projects for more than 35 years. He brings extensive experience working in Africa. He holds a B.Sc in Geology and Earth Science from Hebrew University and a M.Sc in Applied Earth Science from Stanford University. Mr. Diner brings a wealth of exploration experience strengthening the Company’s on the ground team.

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.

For further information, contact:

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

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 Silver Hill Project, exploration activities in Morocco and 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.

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

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

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

Highlights

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

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

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

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

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

 

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

Table 1: Continuous Sample Data from Fence 4

Drill No From To Ref Cu (%) Ag (g/t)
S22 40 41 221002 0.18 1.00
41 42 221003 0.16 1.00
42 43 221004 0.14 1.00
43 44 221005 0.05 1.00
44 45 221006 0.04 4.00
45 46 221007 0.17 4.00
46 47 221008 0.14 4.00
47 48 221009 0.11 4.00
48 49 221010 0.17 1.00
49 50 221011 0.3 4.00
50 51 221013 0.17 12.00
51 52 221014 0.41 18.00
52 53 221015 0.98 24.00
16 17 121201 0.06 1
17 18 121202 0.14 4
18 19 121203 0.11 4
19 20 121204 0.04 1
20 21 121205 0.06 4
21 22 121206 0.56 24
22 23 121207 0.67 24
23 24 121208 0.61 52
24 25 121210 0.68 48
25 26 121211 0.42 20
26 27 121212 1.00 36
27 28 121213 1.35 40
28 29 121214 1.91 60
29 30 121215 2.25 112
30 31 121216 0.91 36
31 32 121217 0.65 20
32 33 121218 0.58 24
33 34 121219 0.17 1
34 35 121221 0.69 1
35 36 121222 0.42 1
36 37 121223 0.39 1
37 38 121224 0.17 1
38 39 121225 0.01 1
39 40 121226 0.11 4
40 41 121227 0.08 1
41 42 121228 0.1 1
42 43 121229 1.34 48
43 44 121230 1.62 84
44 45 121232 1.41 52
45 46 121233 0.7 16
46 47 121234 0.64 24
47 48 121235 0.72 36
48 49 121236 0.9 32
49 50 121237 0.97 36
50 51 121238 1.77 36
51 52 221014 0.41 18
52 53 221015 0.98 24
S23 13 14 121198 0.13 1
14 15 121199 0.05 1
15 16 121200 0.12 1
16 17 121201 0.06 1
17 18 121202 0.14 4
18 19 121203 0.11 4
19 20 121204 0.04 1
20 21 121205 0.06 4
21 22 121206 0.56 24
22 23 121207 0.67 24
23 24 121208 0.61 52
24 25 121210 0.68 48
25 26 121211 0.42 20
26 27 121212 1.00 36
27 28 121213 1.35 40
28 29 121214 1.91 60
29 30 121215 2.25 112
30 31 121216 0.91 36
31 32 121217 0.65 20
32 33 121218 0.58 24
33 34 121219 0.17 1
34 35 121221 0.69 1
35 36 121222 0.42 1
36 37 121223 0.39 1
37 38 121224 0.17 1
38 39 121225 0.01 1
39 40 121226 0.11 4
40 41 121227 0.08 1
41 42 121228 0.1 1
42 43 121229 1.34 48
43 44 121230 1.62 84
44 45 121232 1.41 52
45 46 121233 0.7 16
46 47 121234 0.64 24
47 48 121235 0.72 36
48 49 121236 0.9 32
49 50 121237 0.97 36
50 51 121238 1.77 36
51 52 121239 0.39 8
52 53 121240 0.71 32
53 54 121241 0.29 16
54 55 121243 0.04 1
55 56 121244 0.13 1
56 57 121245 0.16 4
57 58 121246 0.45 8
58 59 121247 0.66 16
59 60 121248 0.41 4
60 61 121249 0.4 1
61 62 121250 0.58 1
62 63 121251 0.15 1
63 64 121252 0.21 1
64 65 121254 0.26 1
65 66 121255 0.14 1
66 67 121256 0.33 1
67 68 121257 0.05 1
68 69 121258 0.19 1
69 70 121259 0.35 1
70 71 121260 0.17 1
S24 79 80 121148 0.25 1
80 81 121149 1.7 16
81 82 121150 0.29 1
82 83 121151 0.68 12
83 84 121152 0.77 20
84 85 121153 1.46 52
85 86 121155 0.42 4
86 87 121156 0.02 1
87 88 121157 0.02 1
88 89 121158 0.22 1
89 90 121159 0.67 4
90 91 121160 0.24 1
91 92 121161 0.17 1
92 93 121162 0.14 1
93 94 121163 0.29 1
94 95 121164 0.09 1
95 96 121166 0.18 1
96 97 121167 0.11 1
97 98 121168 0.79 1
S25 38 39 121169 0.84 1
39 40 121170 0.15 1
40 41 121171 0.31 1
41 42 121172 0.3 1
42 43 121173 0.73 4
43 44 121174 0.58 4
44 45 121175 0.78 4
45 46 121177 1.21 4
46 47 121178 1.06 144
47 48 121179 0.74 28
48 49 121180 0.21 4
49 50 121181 0.04 1
50 51 121182 0.1 1
51 52 121183 0.11 1
52 53 121184 0.09 4
53 54 121185 0.14 4
54 55 121186 0.14 4
55 56 121188 0.01 1
56 57 121189 0.05 4
57 58 121190 0.03 1
58 59 121191 0.04 4
59 60 121192 0.14 4
60 61 121193 0.05 1
61 62 121194 0.07 1
62 63 121195 0.04 1
63 64 121196 0.01 1


Qualified Person

The technical information presented in this press release has been reviewed and approved for disclosure by Fanie Müller, P.Eng, VP Operations of Trigon, who is a Qualified Person as defined by NI 43-101.

Trigon Metals Inc.

Trigon is a publicly traded Canadian exploration and development company with its core business focused on copper and silver holdings in mine-friendly African jurisdictions. Currently the company has operations in Morocco and Namibia. In Morocco, the Company holds Silver Hill, a highly prospective copper and silver exploration project. Namibia is one of the world’s most prospective copper regions, where Trigon has substantial assets in place. The Company holds an 80% interest in five mining licences in the Otavi Mountainlands, an area of Namibia widely recognized for its high-grade copper deposits, where the Company is focused on exploration and re-development of the previously producing Kombat mine.

Cautionary Notes

This news release may contain forward-looking statements. These statements include statements regarding Silver Hill, current and future exploration programs, the mineralization at the Project, the Company’s strategies and the Company’s abilities to execute such strategies, the Company’s expectations for the Silver Hill and Kombat Projects, the Company’s future plans and objectives. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statements or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements, except as required by applicable laws.

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

Website: www.trigonmetals.com

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

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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

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

by

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