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Silver Hill Copper and Silver Project

Silver Hill Project

Trigon Metals signs definitive agreement to acquire the high potential ‘Silver Hill’ copper-silver exploration project in Morocco.

 

Highlights

  • Favourable jurisdiction for mining.
  • Established industry producing at a rate of approximately 40 million tonnes of minerals per year.
  • Produces 90% of the world’s supply of phosphates, and extracts copper, cobalt, gold silver and zinc.
  • Friendly business environment with a strong mining history, but very little systematic modern exploration.
  • The mining sector creates over 41,000 direct job positions.

History

The Proposed Transaction is centered around the Silver Hill Project, a 16km2 property in the Anti-Atlas region of Morocco, already home to Africa’s major silver mines (Imiter, Zgounder). Morocco is well-known to be a favourable jurisdiction for mining, with an established industry producing at a rate of approximately 40 million tonnes of minerals per year. Morocco produces 90% of the world’s supply of phosphates, and extracts copper, cobalt, gold silver and zinc. Morocco is a friendly business environment with a strong mining history, but very little systematic modern exploration.

“We are excited to introduce another high-grade copper asset to Trigon’s portfolio. New areas of copper production are important as production declines from the Andean resources on which the world has come to depend for the last 30 years. We aim to explore and develop new copper resources in mining-friendly African jurisdictions. Strong silver grades at Silver Hill fit nicely with the Kombat mine, our asset in Namibia, where silver is already a meaningful by-product credit,” commented Jed Richardson, Trigon President & CEO.

 

Geology, Exploration & Geography

exploration silver hill
Locally referred to as, Aourir N’kort (Silver Hill in the Berber language), early basic surface exploration of the Project shows that it is a high-grade exploration project showing mineralization at high grades distributed over a wide surface area. Ancient slags grading 2.5% Cu are distributed widely across one third of the concession surface, indicating a history of very ancient mining and primitive metal recovery.

The presence of historical mine shafts measuring less than 20 metres in depth demonstrate that historical activity only concerned the superficial part of the mineralization and that the potential at depth remains high. Trigon is optimistic that this project and its accompanying team will emerge as a new source of growth, excitement for the Company, and value for its shareholders.

The local partners (the Vendors) made use of a small under-powered drill and were not able to drill through all of the mineralized sequence, however intercepts of high copper and silver were recorded in the shallow holes (1m at 9.35% Cu and 623g/t Ag or 4m at 3.67% Cu and 263 g/t Ag at 35m depth).

 

 

Structure 1 – Upper Mineralized Level

Sample ID Cu% Ag g/t
S1LA1 3.17% 230g/t
S1LA2 4.39 221g/t
S1LA3 5.77% 360g/t
S1LB1 8.05% 477 g/t
S1LB2 3.27% 179g/t
S1LB3 6.29% 445g/t
S1LC1 10.16% 750g/t
S1LC2 5.22% 566 g/t

Structure 2 – Middle Mineralized Level

Sample ID Cu% Ag g/t
S2LA1 12.56% 270g/t
S2LA2 6.22% 24g/t
S2LB1 1.09% 251g/t
S2LB2 1.25% 136g/t

Structure 3 – Lower Mineralized Area

Sample ID Cu% Ag g/t
S3LA1 2.97% 16g/t

 

morocco silver hil geological map

Trigon Metals