- Trigon Metals (TSXV:TM), a micro-cap copper producer, achieved highs of 10.44 per cent copper and 35.34 g/t silver over 8 metres in recent underground drilling at its producing Kombat mine in Namibia
- Kombat houses an indicated resource composed of 13.56 million tons grading 1.92 per cent copper, 0.73 per cent lead and 14 g/t silver
- Trigon Metals is a Canadian mining stock focused on copper production and exploration in Namibia
- Trigon Metals stock has given back 63.33 per cent year-over-year and 48.67 per cent since 2020
Trigon Metals (TSXV:TM), a micro-cap copper producer, achieved highs of 10.44 per cent copper and 35.34 g/t silver over 8 metres in recent underground drilling at its producing Kombat mine in Namibia.
The program, focused on Shaft 1, at levels 1, 3 and 4, targeted orebodies adjacent to historic workings and close to existing underground development, successfully extending known mineralization and mineable tons.
Highlight drilling results
Level 1 sub 1 (45 metres from surface)
- KWO-238: 12 metres at 2.27 per cent copper and 30.41 g/t silver.
- KWO-239: 8 metres at 10.44 per cent copper and 35.34 g/t silver.
Level 3 sub 1 (105 metres from surface)
- KWO-242: 3 metres at 6.81 per cent copper and 87.83 g/t silver.
- KWO-256: 5 metres at 1.40 per cent copper and 21.89 g/t silver.
- KWO-257: 6 metres at 1.40 per cent copper and 13.95 g/t silver.
Level 4 (120 metres from surface)
- KWO04L-319: 6 metres at 2.15 per cent copper and 41.20 g/t silver.
- KWO04L-323: 5 metres at 3.08 per cent copper.
- KWO04L-324: 9 metres at 1.94 per cent copper and 21.73 g/t silver.
Kombat is currently operating at a run rate of 1,000 tons per day, processing ore grading approximately 1 per cent copper, following the restart of production in 2023. The property yielded historical production of 12.46 million tons averaging 2.6 per cent copper from 1962 until 2008.
Kombat houses an indicated resource composed of 13.56 million tons grading 1.92 per cent copper, 0.73 per cent lead and 14 g/t silver, in addition to about 35 kilometres of nearby strike length representing significant exploration upside.
Trigon is in ongoing discussions with Horizon Corporation to sell its interest in the Kombat mine.
Leadership insights
“This follow-up drilling is very encouraging in grade and intersection width and further increases our confidence in our mineral resource and reserve models as we continue to open up new stopes with high-grade copper ore,” Jed Richardson, Trigon Metals’ chairman and chief executive officer, said in a statement.
About Trigon Metals
Trigon Metals is a Canadian mining stock focused on copper production and exploration in Namibia. Besides Kombat, the company holds the Kalahari copper project, also in Namibia, covering 963,163 hectares of exploration territory bounded by Sandfire Resources to the northeast and Rio Tinto to the southwest in a region known for hosting world-class copper and silver deposits.
Trigon Metals stock (TSXV:TM) opened unchanged trading at C$0.38 per share. The stock has given back 63.33 per cent year-over-year and 48.67 per cent since 2020.
Join the discussion: Find out what everybody’s saying about this micro-cap copper producer on the Trigon Metals Inc. Bullboard and check out Stockhouse’s stock forums and message boards.
The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
(Top photo from the Kombat copper, silver and lead mine in Namibia: Trigon Metals)