Trigon Metals CEO Jed Richardson says Kombat Copper Mine has tremendous value yet to be realized in the company’s market capitalization.
Richardson’s comments came after the Trigon Metals intersected five meters at 11.21% Cu and 117.89 g/t Ag at the Kombat Mine underground.
The latest drilling results are from recent underground drilling at Shaft 1 at levels 3 and 5.
These holes were intended as confirmation but have significantly increased the grade and extended the known mineralization in the zone. The holes targeted orebodies adjacent to historic workings and close to existing development, thus allowing for near-term mining as Trigon ramps up and focuses solely on underground operations.
Trigon Metals drilled KWO-217, KWO-218, and KWO-221 on the southeast margin of sublevel 3.1, about 105 meters from the surface, where they all intercepted significant intercepts of mineralization between 8 and 16 meters to the north-east and south-west of their closest historical intercepts.
Similarly, drill holes KWO-194 and KWO-198 were drilled on the southern margin of Level 5, about 150 m from the surface, where multiple intercepts were found between 80 and 84 meters to the east-west from their nearest historical intercepts.
Trigon Metals CEO Jed Richardson said that, even with 45 years of mining history at Kombat, the deposit continues to surprise with new high-grade ore, even adjacent to old developments.
“This mine has tremendous value yet to be realized in our market capitalization,” Richardson said.
Trigon’s VP of Exploration, Dr Andreas Rompel, said they are confident that the mine will have an excellent future.
“We are very excited about the grade we are intersecting in these holes. We forecast that the grade will increase with depth, and these results confirm the prediction. The higher grade and the current high copper price make us very confident of a great future for the mine,” Rompel said.
