Drilling in East 400 Area Continues to Delineate Mineralization at Kombat, Namibia – 13 metres at 4.2% Cu and 13.1 g/t Ag

Trigon Metals Inc. (TSX-V: TM; OTCQB: PNTZF) (“Trigon” or the “Company”) announces results from confirmation drilling at the Kombat Mine in Namibia (the “Project”) with key highlights from the drilling campaign. The reported results are from the East 400 area, and the Kavango North Pit. The East 400 area is located 250m east of the Kavango Pit where mining began in May 2023.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230921574517/en/

Figure 1: Map of the East 400 Planned Pit Area Showing Hole Locations Drill holes are spaced at 7.5m intervals, testing gaps areas between the historical drilling and measuring contact between sulfide and oxide mineralization. (Photo: Business Wire)

Highlights of the Drill Results

The team has drilled some confirmation holes in the East 400 area. East 400 is the smallest and shallowest of the planned pits at the Kombat mine. The following holes have dramatically extended the known mineralization and mineable tonnage in the zone. The following are a couple of the best results:

E400FLW-006 (1.77 azimuth, -58.3 dip)

Intersected 5.4 m, 1.3% Cu and 13.1 g/t Ag, from surface, and
intersected 4.0 m, 6.6% Cu and 75.4 g/t Ag, from 27.0 m

E400FLW-007 (176.1 azimuth, -57.7 dip)

Intersected 13.0 m, 4.2% Cu and 10.1 g/t Ag, from 34.0 m, and
Intersected 7.0 m, 1.9% Cu and 7.0 g/t Ag, from 59.0 m, and
Intersected 4.0 m, 0.9% Cu and 4.1 g/t Ag, from 78.0 m

Jed Richardson, Trigon’s President and CEO, commented, “We are thrilled with the exceptional drilling results at the East 400 area. These findings further demonstrate the high-grade copper potential within our licences and solidify our confidence in the exploration and development of the Kombat project."

Company Update

Production at Kombat continues to outperform expectations; concentrate production continues to build, with concentrate grades around 30% copper, and recoveries are above 80%. The mill has been running continuously for over the last 96 hours without interruption at a rate of 95% capacity.

In addition to the successful drilling outcomes at the East 400 area, Trigon has initiated drilling activities at the recently acquired Silver Hill Project in Morocco. The 2,000-metre drill program is nearing its end, mineral assays will now be taken and reported to the market in due course.

Drill holes are spaced at <7.5m intervals, testing gaps areas between the historical drilling and measuring contact between sulfide and oxide mineralization.

The wet drill core picture in Figure 3 shows visible sulfide mineralization.