Trigon Metals Inc. has announced that Trigon Mining (Namibia) Ltd, Trigon’s 80% owned subsidiary, has been awarded a new exclusive prospecting licence, no. 7525 (EPL 7525), by the Ministry of Mines and Energy in Namibia.
EPL 7525 has been awarded to Trigon Namibia for a 3 year period commencing on 17 January 2020, in respect of base and rare metals, industrial minerals and precious metals, and is subject to the terms and conditions of the Minerals (Mining and Prospecting) Act No. 33 of 1992 relating to exclusive prospecting licences.
EPL 7525 covers an area of 1056.9964 ha., situated to the west of Trigon Namibia’s Kombat Project and south of the company’s Gross Otavi project.
The Kombat Project, comprising three of Trigon Metals’ five active mining licences, is located on the northern limb of the Otavi Valley Syncline, localised immediately below the contact between dolostones of the Hu¨ttenberg Formation and phyllites of the overlying Kombat Formation of the Mulden Group.
A series of copper-lead deposits have been mined on the Kombat property, localised within the 200m wide vertical to sub-vertical fracture zone. This fracture zone and the lines of mineralised bodies cut the northern limb of the Otavi Syncline at an angle, causing a shallow plunge to the west. The extent and location of the fracture zone have been modelled from the data in the Kombat Project borehole database, which contains nearly 700km of borehole data.
Trigon Metals believes that the area licensed under EPL 7525 holds significant upside potential for the Kombat project, providing access to the area to the west of the Asis Far West shaft, where the geological model indicates there is potential for a westward extension of the Asis West mineralised zone.
The westward extension of the fracture zone into EPL 7525 was inferred from airborne magnetic data. EPL 7525 adds 11km of fracture zone strike to the existing 7km of strike covered by the Kombat mining licenses. The shallow plunge westwards is expected to be mitigated by the commonly occurring transverse faults which, like the Kombat West Fault, have a vertical upwards component causing the Fracture Zone to be located closer to surface.
Jed Richardson, CEO of Trigon, commented: “The company is pleased to have been awarded this licence which supports the strategy of bringing the Kombat mine back into production, and realising the upside potential both within the existing mining licence areas and the surrounding region. The new EPL presents exciting exploration opportunities for the project over the upcoming months, while Trigon continues to drive its production restart.”
Read the article online at: https://www.globalminingreview.com/exploration-development/11022020/trigon-mining-awarded-new-exclusive-prospecting-licence/