Trigon Metals buys more land to expand Kombat mine in Namibia



Trigon Metals has acquired more land measuring 5 614 hectares for N$1 750 000 to expand their landholding around Kombat Mine in Namibia.

The company announced on 30 Jan. that the three-year definitive deal involves land covered by the exclusive prospecting licence 8529 owned by the Otjiwa Mining and Prospecting CC.


Trigon will pay a cash price of N$1 750 000, and another N$250 000 will be paid in Trigon shares.


The agreement is subject to customary closing conditions, including approval from the mines minister to transfer the licence from Otjiwa to Trigon Mining and the approval of the TSX Venture Exchange. 


"The licence surrounds Trigon’s Kombat and Gross Otavi projects in the Otavi Mountainland, a region associated with high-grade copper and silver mineralization," Trigon Minerals said.


The company added that the exclusive prospecting licence 8529 is located in the Grootfontein District of the Otjozondjupa Region, between the towns of Otavi to the west and Grootfontein to the east.


According to Trigon Metals, the licence represents a potential strike extension of the Kombat project, with various known mineral occurrences on the property. 


Trigon chief executive officer ​Jed Richardson said the exclusive prospecting licence 8529, the Copper King Extension, is an essential part of the long-term future of the Kombat mine.


Richardson also said the 35km of prospective strike length has numerous copper showings that Trigon is eager to test for potential economic deposits of mineralization.


"When surface drilling for near-term open pit resources later this calendar year, drills will move to the new targets on the Copper King,” Richardson said.


Trigon Metals expects to restart operations at Kombat Mine open pit in the second quarter of this year after completing drilling.


Trigon Metals operates in Namibia, where it owns 80% interest in five mining licences in the Otavi Mountainlands and Morocco, where it holds the Silver Hill project.

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