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Trigon Announces Drilling Results of New Mineralization Targets at Kombat Mine in Namibia

Trigon Metals Inc. ("Trigon" or the "Company") announces results from the drilling of new mineralization targets at Kombat Mine in Namibia (the "Project"). These results are from the East 400 area, 150 metres east of the Kavango Pit, discussed in recent press releases (August 4, 2022 and September 15, 2022), extending the Kombat trend mineralization.

Highlights of the Drill Results

CenEast 00 (184.8 azimuth, -71.1 dip)

  • 19 m at 1.18%, from 64-83 m
  • 3 m at 3.24% copper and 11.75 g/t silver, from 101-104 m

Hole V01 (172.7 azimuth, -58.8 dip)

  • 7 m at 2.22% copper and 27.13 g/t silver, from 56-63 m

Hole V03 (183.5 azimuth, -53.3 dip)

  • 47 m at 1.20% copper and 5.35 g/t silver, from 28-75 m

The holes reported are from drilling testing gaps in the known mineralization previously thought to be barren. CenEast 00, V01 and V03 are verification holes testing continuity between areas previously drilled. The results are some of the longest intercepts drilled from surface and are consistently sulfide mineralization.

Jed Richardson, President and CEO, commented, "Drilling continues to intercept massive sulfide copper mineralization. Widths appear to be increasing and the continuity of the mineralization appears to be improving as we connect what were thought to be isolated zones. Wider continuous zones of mineralization are what is needed for lower costs and higher recoveries when open pit production is restarted. Higher grades, increased widths and a lack of oxidization show a marked improvement from the ore that was processed from the central pit earlier this year."

The CenEast hole is east of the majority of the drilling that has been reported from this program in the area of the Kavango pit, initially disclosed in the press release dated May 17, 2022. It lies between East 200 affectionately called the Fat Avocado and what was previously thought to be a separate body situated to the east.

CenEast 00 hole intercepted a wide zone of mineralization filling in an area thought to be an unmineralized gap previously. Hole CenEast 00A has been drilled and assays are pending. This hole shows the mineralization may be more continuous than previously thought.

The core pictured in Figure 3 shows the clearly visible sulfide mineralization.

Verification holes V01 and V03 are in the heart of the East 400 mineralized zone discussed in previous Trigon press releases and should be considered infill holes confirming mineralization between holes previously drilled. The results reported here are notable because of the length of the intercepts above the projected reserve grade.

Hole V01 is a verification hole testing a zone between two areas of known mineralization, verifying the continuity.

Hole V03 is another verification hole. It again tests an area outside of the known resource between two mineralized areas. The results represent one of the longer interceptions and shows mineralization almost right up to the contact between the dolomite host rock and the phyllite interior of the Otavi syncline the structural feature that defines the Kombat mineralization and the entire 35 km trend controlled by Trigon.

The Core pictured in Figure 7, again shows shiny golden-coloured chalcopyrite mineralization (copper mineral) throughout the drill core.

The assays have been prepared and classified by Trigon Mining (Namibia)(Pty)Ltd 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.

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.


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