Trigon Files NI 43-101 Technical Report on Updated Kombat Mineral Resource

Rhea-AI Summary

Trigon Metals has filed an updated NI 43-101 technical report for the Kombat copper project in Namibia, showing a significant increase in mineral resources. The report indicates an Indicated Mineral Resource of 12.22 million tonnes and an Inferred Mineral Resource of 1.91 million tonnes, reflecting a 66% increase from previous estimates. The comprehensive resource estimate, which incorporates advanced geological analysis, is projected to support operations for over 20 years. The technical report is available on both SEDAR and Trigon's website.

Positive

• Indicated Mineral Resource increased by 66% to 12.22 million tonnes.
• Inferred Mineral Resource estimated at 1.91 million tonnes.
• Projection of over 20 years of production at planned levels.

Negative

• None.

TORONTO, ON / ACCESSWIRE / September 17, 2021 / Trigon Metals Inc. (TSX-V:TM) ("Trigon" or the "Company") has filed an updated NI 43-101 technical report covering the Kombat copper project in Namibia.

The updated NI 43-101 technical report reports an Indicated Minerals Resource of 12.22 million tonnes and an Inferred Mineral Resource of 1.91 million tonnes, representing a 66% increase in the Indicated Mineral Resource from the previous estimate reported at October 1, 2020 (see press release dated August 3, 2021).

Combined Mineral Resource (Open Pit & Underground) as at 3 August 2021

Area	Mineral Resource Category	Tonnes	Density	Grade			Content
				Cu	Pb	Ag	Cu	Pb	Ag
		Mt	t/m3	%	%	ppm	t	t	kg
Total Indicated		12.22	2.81	1.94	0.70	13.67	237,505	85,649	167,017
Total Inferred		1.91	2.87	2.19	1.79	6.13	41,738	34,209	11,699

Notes:

1. The open pit Mineral Resource is limited at depth of 160 m for Kombat and 150 m for Gross Otavi with a CuEq cut-off of 0.65% for Kombat and 0.77% for Gross Otavi.
2. The underground Mineral Resource is below the depth limit and is declared at a CuEq cut-off of 1.5%.
3. The Mineral Resource has been depleted with historical mined voids.
4. No additional geological losses have been applied.
5. Mineral Resources are reported as total Mineral Resources and are not attributed.

Open Pit Mineral Resources as at 3 August 2021

Area	Mineral Resource Category	Tonnes	Density	Grade			Content
				Cu	Pb	Ag	Cu	Pb	Ag
		Mt	t/m3	%	%	ppm	t	t	kg
Kombat East	Indicated	2.92	2.79	0.95	0.54	5.94	27,900	15,769	17,349
Kombat Central		2.36	2.78	1.05	0.21	6.59	24,798	4,924	15,543
Total Indicated		5.28	2.79	1.00	0.39	6.23	52,698	20,693	32,892
Otavi	Inferred	0.64	2.84	0.93	2.50	0.85	6,006	16,053	546
Total Inferred		0.64	2.84	0.93	2.50	0.85	6,006	16,053	546

Notes:

1. The open pit Mineral Resource is limited at depth of 160 m for Kombat and 150 m for Gross Otavi with a CuEq cut-off of 0.65% for Kombat and 0.77% for Gross Otavi.
2. The Mineral Resource has been depleted with historical mined voids.
3. No additional geological losses have been applied.
4. Mineral Resources are reported as total Mineral Resources and are not attributed.

Underground Mineral Resources as at 3 August 2021

Area	Mineral Resource Category	Tonnes	Density	Grade			Content
				Cu	Pb	Ag	Cu	Pb	Ag
		Mt	t/m3	%	%	ppm	t	t	kg
Kombat East	Indicated	0.10	2.83	1.69	1.55	11.50	1,667	1,526	1,133
Kombat Central		0.23	2.84	1.90	1.55	19.80	4,344	3,538	4,524
Kombat West		0.76	2.85	2.27	1.45	13.04	17,295	11,101	9,954
Asis West		5.53	2.83	2.79	0.87	20.78	154,337	48,224	114,823
Gap		0.32	2.79	2.25	0.18	11.58	7,164	568	3,691
Total Indicated		6.93	2.83	2.66	0.94	19.34	184,807	64,957	134,126
Kombat Central	Inferred	0.01	2.88	2.02	2.74	0.01	187	254	0
Kombat West		0.13	3.68	5.01	10.53	0.06	6,371	13,389	8
Asis West		0.09	2.83	2.90	0.84	16.12	2,557	741	1,423
Gap		0.00	2.79	2.51	0.27	55.40	122	13	270
Asis Far West		1.04	2.80	2.55	0.36	9.11	26,495	3,758	9,452
Total Inferred		1.27	2.89	2.82	1.43	8.80	35,732	18,156	11,153

Notes:

1. The underground Mineral Resource is below the depth limit and is declared at a CuEq cut-off of 1.5%.
2. The Mineral Resource has been depleted with historical mined voids.
3. No additional geological losses have been applied.
4. Mineral Resources are reported as total Mineral Resources and are not attributed.

The above Mineral Resource estimate is the culmination of 18 months of work, first mapping historical drilling and historic mine production in three dimensions, and the re-logging and assaying of 50 years of stored drill core. Work was able to confirm historic assay results for copper, and assay silver for the first time, converting 86.5% of the global resource to Measured and Indicated confidence level of an NI 43-101 Mineral Resource estimate, which represents a robust open pit and underground Mineral Resource estimate that is projected to deliver more than 20 years at planned production levels.

The updated Mineral Resource has been prepared and classified by technical consultants Minxcon (Pty) Ltd ("Minxcon") in accordance with the reporting guidelines as set out in National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") as required by the Canadian Securities Administrators. For further information with respect to the key assumptions, parameters, risks, the mineral resource estimate, data verification, quality assurance and quality control ("QA/QC") and other technical information, please refer to the technical report.

The technical report titled "NI 43-101 Mineral Resource Report on the Kombat Project, Namibia" dated September 16, 2021, has been filed on the SEDAR website at www.sedar.com and on the Company website at www.trigonmetals.com .

Qualified Person

Mr. Uwe Engelmann (BSc (Zoo. & Bot.), BSc Hons (Geol.), Pr.Sci.Nat. No. 400058/08, MGSSA) of Minxcon, is a "qualified person" as such term is defined in NI 43-101 and has reviewed and approved the technical information and data included in this press release. As a director of Minxcon, Mr. Engelmann is considered independent.

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 Company's Mineral Resources and Reserves, the Company's strategies and the Company's abilities to execute such strategies, the Company's expectations for the Kombat operations, the Company's ability to restart the Kombat operations, the Company's ability to obtain adequate investment and other financing, 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

SOURCE: Trigon Metals, Inc.

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FAQ

What are the latest mineral resource estimates for Trigon Metals' Kombat project?

The latest estimates show an Indicated Mineral Resource of 12.22 million tonnes and an Inferred Mineral Resource of 1.91 million tonnes.

How much has the Indicated Mineral Resource for Kombat increased?

The Indicated Mineral Resource has increased by 66% compared to the previous estimate.

How long is the Kombat project expected to support operations?

The resource estimate is projected to support operations for over 20 years at planned production levels.

Where can I find the technical report on the Kombat project?

The technical report is available on the SEDAR website and Trigon Metals' official website.