Trigon Metals Inc Stock Price, News & Analysis

Trigon Metals Inc. (TSX-V: TM; OTCQB: PNTZF) has reported positive drilling results from the Kombat Mine in Namibia, confirming the continuity of the Kombat trend mineralization in the Kavango North area, located 150 meters north of the Main Kavango Pit. Significant intersections include Hole 8 with 17m at 3.62% Cu and 32.9 g/t Ag, and Hole 9 with 14m at 4.02% Cu and 43.7 g/t Ag. Drilling has successfully confirmed previously thought barren areas, enhancing the resource and mine plan by adding high-grade ore and reducing the overall strip ratio. Operations are set to commence with the first blast scheduled for May 16, 2023, and all necessary equipment is in place. Furthermore, the company will host a Virtual Non-Deal Roadshow on May 2 and May 4, 2023.

Trigon Metals Inc. (OTCQB: PNTZF) has announced new drilling results from the East 400 area of its Kombat Mine in Namibia, confirming significant mineralization. Notable results include:

• Hole 4C: 13m at 1.78% Cu from 28m
• Hole 4D: 3m at 2.69% Cu and 28.7g/t Ag from 22m
• Hole 5C: 10m at 1.53% Cu from 21m
• Hole 6C: 12m at 1.98% Cu from 41m

These results indicate strong mineral continuity and support plans for an open-pit blast in April. The company is preparing a detailed mine plan and work on the tailings facility is underway.

Trigon Metals Inc. (OTCQB: PNTZF) has announced the anticipated reopening of the Kombat Mine by Q2 2023, with all necessary drilling completed for a restart of operations. The company has welcomed new geological staff and is preparing for underground mining set to commence in 2024. Trading on the OTCQB started on January 6, 2023. Additionally, Trigon has engaged Renmark Financial for enhanced investor relations and will host a live virtual presentation on January 26, 2023, to discuss company updates. The company also achieved DTC eligibility, facilitating smoother trading processes for investors.

Trigon Metals Inc. (OTCQB: PNTZF) announced promising drill results from new mineralization targets at the Kombat Mine in Namibia. Drilling in the East 400 area revealed significant copper and silver intercepts, including 8m at 1.10% copper in Hole 2A and 5m at 3.98% copper and 8.7 g/t silver in Hole 4A. The results extend the Kombat trend mineralization and confirm continuity in previously barren areas. The company prepares for an open pit restart next quarter, aiming to enhance production capabilities. Quality assurance was conducted following rigorous standards, ensuring reliable results.

Trigon Metals Inc. has successfully shipped its first copper concentrate from the Kombat Mine in Namibia, marking a significant milestone in its operations. The initial shipment of 31 dry metric tonnes, grading 20.41% copper and 265 g/t silver, is part of a larger stockpile of 400 tonnes. The mill is currently operating at 70% capacity, producing over 35 tonnes daily. Trigon anticipates generating over 30 million pounds of copper annually as it progresses towards declaring commercial production.

Trigon Metals has successfully completed a non-brokered private placement financing's final tranche, raising $1,347,032 by issuing 3,848,665 units at $0.35 each. Each unit comprises one common share and a half warrant, with warrants exercisable at $0.50 for 24 months. Proceeds will finance mining activities at the Kombat mine and cover working capital. The company also engaged in insider participation, treating it as a related party transaction. The final tranche is pending approval from the TSX Venture Exchange.

Trigon Metals Inc. has closed the first tranche of its non-brokered private placement, issuing 3,312,642 units at $0.35 each, raising $1,159,425. A second tranche totaling $863,029.15 is anticipated soon. Each unit includes one common share and half a warrant, exercisable at $0.50 for two years. The funds will support mining operations at the Kombat mine and general corporate purposes. With ramp-up underway, ore delivery and grades are improving, and commercial production is expected in March 2022.