TORONTO, Sept. 27, 2018 (GLOBE NEWSWIRE) -- Trigon Metals Inc. (TSX-V: TM) (“Trigon” or the “Company”) announces the appointment of Jed Richardson as President and as a director of Trigon, effective immediately. Stephan Theron will continue as Trigon’s Chief Executive Officer.
Jed Richardson brings considerable expertise to the Trigon management team and its board of directors, particularly with his career in capital markets and his background in the exploration and resource development as CEO of Great Quest Fertilizer, active in West Africa, and formerly as an executive at Amazon Mining developing resource assets in Brazil. Mr. Richardson spent a large portion of his career in capital markets working as a research analyst at Sprott Securities and RBC Capital Markets. He also worked as a Mining Engineer for Alcan Aluminum after graduating from the University of Toronto. Mr. Richardson holds a B.A.Sc in Mineral and Geological Engineering.
Mr. Richardson commented: “Trigon seeks to build on the success of its mine restart feasibility study which showed a start-up capital investment of US$6.4 million generating an IRR of 103.4% with a payback period of 1.6 years. The Company has identified new drill targets seeking to increase the mine life from surface mineralization as well as reviewing options to dewater the Asis Far West production shaft to access underground material that has been historically higher grade.”
Trigon also announces the appointment of Larisa Sprott to its board of directors and Andrew Cheatle as Vice President, Exploration, each effective immediately.
Ms. Sprott has spent much of her life around the investment business and the investment side of the natural resource sector. She currently serves as the President of Sprott Money, an online retailer of gold, silver and platinum bullion to investors and collectors. Prior, she worked as an investment advisor with Sprott Asset Management, and her work history includes experience in Public Relations with Toronto based firm DKPR. Amongst a list of charitable work, she is on the Board of Directors for the Sprott Foundation. Ms. Sprott holds a Master’s of Science in Education.
Mr. Cheatle has over 25 years of minerals industry experience as a professional geoscientist and mining executive, with former roles including President and CEO of Unigold Inc., and as the Executive Director of the Prospectors and Developers Association of Canada (PDAC). His career has spanned both major mining companies (Anglo American Corporation, Placer Dome, Goldcorp) and the junior mining sector. He is also currently a Non-Executive Director of Condor Gold plc., Q-Gold Resources Ltd. and a Director of the Canada – Africa Chamber of Business. He is a graduate of the Royal School of Mines, Imperial College, London and holds an MBA.
The appointment of Ms. Sprott follows the resignation of Justin Reid from the Company’s board of directors. The board and management of Trigon thank Mr. Reid for his efforts and contributions and wish him well in his future endeavours.
Qualified Person
The technical and scientific contents of this press release have been prepared under the supervision of and have been reviewed and approved by Fanie Muller, P.Eng, VP Operations of Trigon, who is a Qualified Person as defined by NI 43-101.
Trigon Metals Inc.
Trigon is a publicly traded Canadian exploration and development company with its core business focused on copper operations in Namibia, one of the world’s most prospective copper regions, where it has substantial assets in place. The Company continues to hold an 80% interest in five mining licenses in the Otavi Mountain lands, an area of Namibia widely recognized for its high-grade copper deposits. Within these licenses are three past producing mines including the Company’s flagship property, the Kombat Mine. For more information please see the technical report filed on July 20, 2018 and titled “NI 43-101 Technical Report on the Kombat Copper Project, Namibia” with an effective date of April 30, 2018 filed under the Company’s profile on SEDAR.
For further information, contact:
Stephan Theron
+1 (416) 861 5899
stheron@trigonmetals.com
Cautionary Notes
This news release may contain forward-looking statements. These statements include statements regarding the impact of management and board appointments, the results of the feasibility study, the, the Company’s ability to restart the Kombat mine, the Company’s ability to increase the mine life, the mineralization of the Kombat mine and the Company’s future plans and objectives. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statements or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements, except as required by applicable laws.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.