Trigon Metals on Track to Close Acquisition of the Silver Hill Copper-Silver Project, Morocco

TORONTO, Sept. 01, 2020 (GLOBE NEWSWIRE) -- Trigon Metals Inc. (TSX-V: TM) (“Trigon” or the “Company”) is pleased to provide an update on the status of its previously announced share purchase agreement (the “Agreement”) to acquire a 100% equity interest in Technomine Africa S.A.R.L and a 100% interest in the Silver Hill Project in Morocco (“Silver Hill” or the “Project”), without royalties or carried interest (government or otherwise). The Company is now in receipt of a satisfactory title opinion on the licences comprising the high potential Silver Hill and Tamadoult properties located in the Anti-Atlas region of Morocco.

Trigon has received approval of the transaction from the TSX Venture Exchange to complete the transaction and is in the process of completing the customary closing conditions pursuant to the Agreement.

The Company is also preparing a geological report (the “Report”) in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) for the Project. 

Highlights of Silver Hill

• Ancient slags distributed widely across one third of the concession indicate a history of primitive metal recovery, most likely for silver.
  
  
• Abundance of copper oxide minerals, as well as old workings and slags on the property on surface and in-situ indicate excellent potential for a copper prospect.
  
  
• The Project is easily accessible via the regional road network, with a well-maintained gravel road sufficient to be used for an exploration program.

The full technical report entitled “NI 43-101 – Technical Report on the Silver Hill Copper and Silver Project, Morocco will be posted to the Company’s website at https://www.trigonmetals.com and on SEDAR under Trigon’s issuer profile upon closing of the transaction.

Jed Richardson, President and CEO of Trigon Metals, commented, “Upon closing the transaction, which is expected imminently, we can begin to show the true potential of this property and that of Morocco as a country for mineral exploration. Exploration of the property has begun through our Moroccan team.”

Silver Hill Project Overview

The Silver Hill Project is a 16km² property in the Anti-Atlas region of Morocco.  The Project is located at a regional address well known for base metals occurrences in Morocco.  Morocco has a mining history that stretched over 100 years and is well known for being a mining friendly jurisdiction. Preliminary surface exploration shows copper and silver mineralization at high grades distributed over a wide surface area. Slags from ancient workings indicate historical large-scale mining for silver.