Trigon Renews Environmental Clearances for Exploration Activities in Namibia
26 November 2020 - 2:18PM
Trigon Metals Inc. (TSX-V:TM) (“Trigon” or the “Company”) is
pleased to announce that it has been granted the renewal of its
Environmental Clearance Certificate (“ECC”) for exploration
activities on all of the Namibian Mining Licences (“ML”) Gross
Otavi, Asis (including the Kombat Central, Kombat West and Kombat
East deposits), Asis Far West (including the Asis West, Asis Far
West and Asis Gap deposits) and Asis Ost (“Kombat Project” or the
“Project”) [73b, 73c, 16, 9, 21] from the Namibian Government
(Ministry of Environment and Tourism), which was a pre-requisite
for the Company to commence its planned upcoming exploration
program. The ECC is valid until November 16, 2023.
The Kombat Project is situated in the
Otjozondjupa Region, Namibia on the southern tip of the renowned
Namibian Copper Triangle, which is an area associated historically
and currently with high grade copper mineralization.
The Project consists of a previous operational
mine that was placed on care and maintenance in 2008 due to the
economic downturn conditions at the time. The mine consists of
three vertical shafts as well as ramp systems, a processing plant,
siding and paved roads that have all been maintained in pristine
condition during the care and maintenance period. Target metals are
copper, lead and silver which occur mainly in sulphide
minerals.
In the coming months, the Company plans to
complete an exploration drilling program at the Kombat Project to
further upgrade the expanded Mineral Resource reported on September
28, 2020, being an open pit Indicated Mineral Resource of 7.35
million tonnes and a combined open pit and underground Inferred
Mineral Resource of 31.76 million tonnes, at a cut-off grade of
0.6% Cu for the open pit and 1.8% Cu for the underground.
Type |
Resource Class |
Tonnes (Mt) |
Cu (%) |
Ag (%) |
Open Pit |
Indicated |
7.35 |
0.91 |
0.58 |
Open Pit |
Inferred |
11.40 |
1.07 |
0.46 |
|
|
|
|
|
Underground |
Inferred |
20.36 |
2.84 |
6.64 |
The upcoming exploration program is designed to
convert the majority of the Inferred Resource estimate to an
Indicated Resource estimate on the open pit material. The key
workstream areas include a full re-assay of available drill core at
site which were not subject to QAQC requirements at the time
(pre-2000’s). In addition, a potential resource expansion
will be investigated with diamond core drilling in areas which show
good potential based on the mine’s 60-year operating history.
Jed Richardson, President & CEO of the
Trigon Metals, commented, “Our Namibian team is ready to execute
our planned exploration programs to advance the properties at
Kombat. We look to continue our success expanding our copper and
silver resources in Namibia, alongside Silver Hill in Morocco. Work
continues at our Silver Hill Project, with drills now testing areas
close to our silver-rich discovery holes in the western portion of
our claim area.”
Qualified PersonThe 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 environmental approvals,
the planned exploration program, the Company’s ability to expand
its mineral resource estimates, 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
+1 416 566 8134
jed.richardson@trigonmetals.com
Website: www.trigonmetals.com
Trigon Metals (TSXV:TM)
Historical Stock Chart
Von Okt 2024 bis Nov 2024
Trigon Metals (TSXV:TM)
Historical Stock Chart
Von Nov 2023 bis Nov 2024