Schlangental Drilling Intercepts 7.0m at 3.52% Copper and 43.09g/t Silver 15km East of Kombat Mine

Trigon Metals Inc. (TSX-V: TM; OTCQB: PNTZF) (“Trigon” or the “Company”) is pleased to release highlights of the exploration campaign at Schlangental, a key prospect within the wider Kombat property, situated approximately 15km east of the active mining licence ML73B. This announcement comes on the heels of the Company finalizing its comprehensive exploration plan for the expansive Kombat property, spanning nearly 35 km from Gross Otavi to the west and Schlangental in the east.

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Figure 1: Cross Section of Hole SCPL23-19 -- Model shows good copper intersection between 56-63m at 3.52% Cu. (Graphic: Business Wire)

Objectives Schlangental Drilling Campaign

Drilling at Schlangental is the first campaign testing mineralization outside of the main Kombat mining license on the Copper King Extension exploration prospect. Surface mineralization attracted Trigon geologists to the Schlangental area where reports of historic drilling indicated that mineralization continued at depth but no cores or detailed logs were available. Of the planned 36 holes totalling 4000m, only two holes have been drilled to-date, with both holes intercepting mineralization at modest depths.

Highlights of Two Confirmatory Holes

• SCPL23-19: 331 azimuth; -57.5 dip
  
  Intersected 7.0m with 3.52% Cu & 43.09 g/t Ag, from 56m

• SCPL23-20: 327.2 azimuth; -59.1 dip
  
  Intersected 3.0m with 1.99% Cu & 34.38 g/t Ag, from 48m

The mineralization was largely chalcocite (sulfide) and malachite (oxide) with associated higher-than-average silver compared to the main mineral resource at the Kombat mine and compared to the bornite and chalcopyrite copper sulfides predominant at the Kombat mine. Given the encouraging start, deeper drilling will now be undertaken to confirm if this pattern continues in the new area.

Jed Richardson, Trigon’s CEO and Executive Chairman, commented, "The expanse of the Copper King Extension and specifically Schlangental has long been an area of interest for management and the exploration team. These results bolster our belief that Otavi Velley still has plenty of new copper to be discovered. In 45 years of mining, about 12.5 million tonnes were mined at 2.6% copper plus associated silver, and we still have a measured and indicated resource of another 13.3 million tonnes at 2.2%. All told, that is over 25 million tonnes of combined tonnes over 2% copper, almost all contained in just 2.1 km of strike-length. We can now confirm that 15km to the east mineralization continues, with copper showings throughout the whole 35km land package. Needless to say, we have a lot to be excited about." (For data on historical mining, see Company Management Discussion and Analysis available on the company’s Profile on SEDAR+ dated March 20, 2024)