Silver Hill

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

5 April 2021 by trigonmetals

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

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

Highlights

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

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

Diagram 1: Two-Dimensional Cross Section of Fence Drilling

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

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

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

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

Continuous Sample Data from Fence

Figure 1: Drill N^o S13

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

Figure 2: Drill N^o S14

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

Figure 3: Drill N^o S15

Drill N°	From	To	Ref	Cu (%)	Ag (g/t)

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

Figure 4: Drill N^o S27

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

Qualified Person

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

Trigon Metals Inc.

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

Cautionary Notes

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

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

Investor Update Video | Trench Assay Results

24 February 2021 by trigonmetals

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

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

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

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

24 February 2021 by trigonmetals

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

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

Continuous Samples from Trench

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

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

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

Diagram of Eastern Sector Trench at Hole S9

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

View of trench at end of first tier

Qualified Person

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

Trigon Metals Inc.

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

Cautionary Notes

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

For further information, contact:

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

Website: www.trigonmetals.com

Trigon Metals Reports a Shallow 8m Mineralized Intersection, Yielding 1.8% Copper and 121 G/t Silver at Silver Hill in Morocco

12 January 2021 by trigonmetals

TORONTO, Jan. 12, 2021 — Trigon Metals Inc. (TSX-V: TM) (“Trigon” or the “Company”) is pleased to announce assay results from hole S13, the first hole of a planned 3000 m drill campaign at the Company’s Silver Hill Project in Morocco (the “Project”).

An 8 m interval grading 1.8% copper and 121 g/t silver was intercepted at a depth of 32.5 m. Assay results included a 0.5 m interval of 14.87% copper, 1000 g/t silver and 173 ppm cobalt. (Cobalt assays indicate the mineral is present to a degree that may be of value in a concentrate.)

Hole S13 is located at N 31°14’43,6″; W 004°46’53,3″; 70 degrees to N356, in the vicinity of Hole S1, which was drilled by Technomine (the previous owner of the Project) prior to Trigon’s acquisition of the Project. The intent of Trigon’s current drill program is to confirm the mineralization down-dip of the historic mined-out strike zone, identified by the drill program completed in November 2020 by Trigon. Additionally, it is hoped that this ongoing drill program will provide information as to the structural controls of the mineralization. Assay results are pending. During the last three weeks, 10 holes have been completed that targeted a structure believed to be the focus of historic mining, along 1.3 km of known strike length. The 0.5 m high grade interval mentioned above represents the highest silver assay reported on the property.

The exploration team is also designing a subsequent exploration program which will utilize geophysical survey results in order to identify new targets similar to the discovery at S9, drilled in the November 2020 program, which returned 31 m at 0.7% copper, at a depth of 37 m. (See press release dated November 12, 2020).

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

For further information, contact:

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

Website: www.trigonmetals.com

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

12 November 2020 by trigonmetals

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

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.

Trigon Metals Closes Second Tranche of Private Placement Financing

13 October 2020 by trigonmetals

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

5 October 2020 by trigonmetals

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 (2^nd structure)	1	5.84
J3	Adit wall (2^nd structure)	24	5.04
J5	Adit wall (2^nd structure) visible azurite	280	14.32
J6	Sample from waste pile at entrance of adit (2^nd structure)	32	12.40
J9	Sample from waste pile at entrance of adit (2^nd structure)	24	21.36
J10	Sample from Eastern ancient shafts (1^st structure) increases the potential strike length to at least 2km	112	6.80

Figure 1 – Silver Hill Global Map:

Silver Hill Project Overview

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

Silver Hill

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