Trigon exploration ignites hope
Prospective copper miner Trigon Metals says there is potential for the company to discover more copper resources. This follows the conclusion of exploration activities conducted 15 kilometres from its mining licence.The announcement comes on the heels of the company finalising its comprehensive exploration plan for the expansive Kombat property, spanning nearly 35 kilometres from Gross Otavi to the west and Schlangental in the east.
Trigon CEO Jed Richardson said the results indicated that there was still plenty of copper that could potentially be discovered.
“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 the Otavi Valley still has plenty of new copper to be discovered,” he said.
Despite a long mining history in the area, there was scope for future mining activity, Richardson added.
“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%,” he said.
The results were a boon for the company, also owing to the quality of the deposit.
“All told, that is over 25 million tonnes of combined tonnes over 2% copper, almost all contained in just 2.1 kilometres of strike-length. We can now confirm that mineralisation continues 15 kilometres to the east, with copper showings throughout the entire 35-kilometre land package. Needless to say, we have a lot to be excited about,” Richardson said.
Local businessman Knowledge Katti is a 10% equity holder in Trigon Metals, which is listed on the Toronto Stock Exchange in Canada.