TORONTO, ON / ACCESSWIRE / 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
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 Ndeg 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
2021-04-05 12:00:00 GMT
Trigon Reports High Copper and Silver Grades in -2- ------ ------ ------ ------- --------- 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 Ndeg 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 Ndeg 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 Ndeg 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 Mu ller, 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
2021-04-05 12:00:00 GMT
Trigon Reports High Copper and Silver Grades in -3- 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 state