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Author Archive | lftfield

TRIGON ANNOUNCES IMPROVED PEA AND UPDATED MINERAL RESOURCE ESTIMATE AND FULFILS CONDITIONS FOR SECOND TRANCHE OF PRIVATE PLACEMENT FINANCING

KEY RESTART HIGHLIGHTS Updated and improved PEA NPV of estimated US$86.7 million with highly attractive internal rate of return of 98.6%. Forecast open pit production of approximately 4,000 tonnes of copper per annum, at an average C1 cash cost of US$1.32/CuEq tonne over the life of mine of Kombat. Upgraded NI 43-101 Mineral Resource estimate […]

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TRIGON CLOSES FIRST TRANCHE OF PRIVATE PLACEMENT FINANCING

Trigon Metals Inc. (TSX-V: TM) (“Trigon” or the “Company”) has closed a non-brokered first tranche (the “First Tranche”) of its previously announced private placement of units (the “Offering”). The Company issued 1,428,571 units (the “Units”) to Aberdeen International Inc. pursuant to the First Tranche at a price of $0.35 per Unit for aggregate gross proceeds […]

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TRIGON METALS ANNOUNCES STRATEGIC INVESTMENT AND PROVIDES UPDATE ON PROJECT RESTART ACTIVITIES AND PROJECT FINANCING

Toronto, Canada – December 19, 2017 – Trigon Metals Inc. (TSX-V: TM) (“Trigon” or the “Company”) announces that Forbes & Manhattan Resources Inc. (“Forbes”) and certain other investors will subscribe to a private placement financing of up to 5,714,285 units (the “Units”) at a price of $0.35 per Unit for gross proceeds of up to […]

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TRIGON’S METALLURGICAL TESTWORK YIELDS POSITIVE RECOVERIES AND CONCENTRATE GRADES

Trigon Metals Inc. (TSX-V: TM) (“Trigon” or the “Company”) is pleased to announce positive results in respect of the metallurgical testwork commissioned on historic drill cores from the targeted open pit mining areas at the Company’s Kombat mine in Namibia. Trigon has completed the metallurgical testwork in two phases; firstly to determine the concentrate grade […]

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TRIGON METALS AGREES OFFTAKE AND PROJECT FINANCE TERMS AND PROVIDES UPDATE ON PROJECT RESTART ACTIVITIES

HIGHLIGHTS Offtake for 100% of annual production from the Kombat mine for up to 20,000mt of copper. Financing facility of up to US$7.7 million for the Kombat mine production start up. Project restart activities well underway to achieve commencement of production by mid2018. Infill drilling program complete as first step in updating current Mineral Resource […]

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TRIGON COMMENCES DRILLING PROGRAM AT ITS KOMBAT MINE

Toronto, Canada – October 4, 2017 – Trigon Metals Inc. (TSX‐V: TM) (“Trigon” or the “Company”) is pleased to announce that it has commenced its drilling program, as previously announced on September 5, 2017, with the first drill rig having been mobilized to site on October 3, 2017. The drilling program is focused on the […]

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Trigon Receives Environmental Clearance Certificate for Exploration

Toronto, Canada – September 25, 2017 – Trigon Metals Inc. (TSX-V: TM) (“Trigon” or the “Company”) is pleased to announce that it has received the environmental approvals required to commence with exploration on the area targeted for open pit mining at the Company’s Kombat project located in northern Namibia (“Kombat”). The Company has received notification […]

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Trigon Metals Initiates Project Restart Activities and Surface Drilling Program

Toronto, Canada – September 5, 2017 – Trigon Metals Inc. (TSX-V: TM) (“Trigon” or the “Company”) is pleased to announce that it has initiated various operations restart activities at the Company’s Kombat project located in northern Namibia (“Kombat”), including a drilling program. Restart activities The Company is concurrently progressing various workstreams regarding its strategy to […]

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TRIGON METALS FILES NI 43-101 TECHNICAL REPORT INCLUDING EXECUTIVE SUMMARY OF PEA RESULTS CONFIRMING A POSITIVE NPV AND HEALTHY IRR OF 45.5% FOR THE KOMBAT OPERATIONS

HIGHLIGHTS Inferred Mineral Resources of 6.905 million tonnes at a grade of 2.78% copper, 1.14% lead and 19.11 g/t silver. Positive NPV of US$72 million and an excellent internal rate of return of 45.5%. Combined open pit and underground life of mine of nine years at an average mined grade of 2.83% copper, producing 122,106 CuEq […]

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