Trigon Granted Permits to Highly Prospective High-Grade Silver Lead Ground in Morocco - Addana Project, Morocco

Trigon Metals Inc. (TSX-V: TM, OTCQB: PNTZF) (“Trigon” or the “Company”) is pleased to announce that it has been granted seven exclusive prospecting licences encompassing 112 square kilometres in the Addana Mountains of Southern Morocco, (collectively called the “Addana Project”).

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230628860483/en/

Figure 1: Seven Addana Permits, Southern Morocco; Each block represents a 4x4 km claim. The artisanal workings follow a 40 km trend. (Graphic: Business Wire)

The Addana Project is a silver and lead, polymetallic deposit located in a district that has seen lead and silver mining for hundreds of years. Numerous high-grade veins can be seen from surface over an area over 40 km in strike length. The veins vary in length from 15m to 2.5km, generally about 40cm thick, often only a few metres and possibly amenable to the use of bulk open pit mining methods.

Historical mining was done using hand tools to a depth of up to 10 metres. Historical tax data from the area shows that taxes were paid on 600 tonnes per year of raw ore extracted from the area, divided into 3 categories of material:

• Al Quifox ore (80% lead and 1200g/t silver), Amjoute ore (65% lead and 750-900g/t silver) basic ore 50% lead and 600g/t silver.

Grab samples collected by Trigon from historic waste material

• T1 – 317 g/t silver and 22.6% lead
• T2 – 99 g/t silver and 9.5% lead
• T3 – 564 g/t silver, 24.8% lead and 5.3% zinc

Jed Richardson, President & CEO of Trigon Metals, commented, “The Addana Project represents another example of the potential for world-class projects in Morocco. All seven permits have extensive artisanal workings showing the presence of silver lead veins. Analysis of slags from the area shows potential for material concentrations of copper, zinc and cobalt associated with silver and lead. Notably, the Addana permit area is 14 times the size of our target area at Silver Hill and the historic workings are far more pervasive.”

The Addana Project is located near Akka, in the province of Tata. It is located about 300 km from Agadir on the road connecting Agadir to Tata. The Addana Range was formed by an anticlinal fold in the Bani series of quartzites and schists, of Ordovician age.

Trigon has not verified the historical results contained in this press release and is not relying on them as current mineral resources or mineral reserves. Note that the grab samples are select samples and are not necessarily representative of mineralization on the Addana Project. Readers are cautioned that there has been insufficient exploration by the Company or its qualified person at the Addana Project to define a mineral resource or mineral reserve; and it is uncertain whether further exploration will result in these targets being delineated as a mineral resource or mineral reserve.