{"id":38979,"date":"2023-02-09T16:17:36","date_gmt":"2023-02-09T16:17:36","guid":{"rendered":"https:\/\/www.africa-press.net\/namibia\/all-news\/trigon-expands-land-holding-in-namibia"},"modified":"2023-02-09T16:36:53","modified_gmt":"2023-02-09T16:36:53","slug":"trigon-expands-land-holding-in-namibia","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/namibia\/all-news\/trigon-expands-land-holding-in-namibia","title":{"rendered":"Trigon expands land holding in Namibia"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Namibia. <\/strong><\/span>CANADIAN mining company Trigon Metals has acquired exclusive prospecting licence (EPL) 8529 in the area surrounding its Kombat and Gross Otavi projects at Otavi.<\/p>\n<p>Chief executive officer Jed Richardson in a statement says the purchase consideration for the licence comprises a cash price of N$1,75 million and N$250 000 to be settled by the issuance of 84 129 Trigon shares.<\/p>\n<p>\u201cEPL8529 referred to as the Copper King Extension, is an important part of the long-term future of the Kombat mine as the 35km of prospective strike length has numerous copper showings that Trigon is eager to test for potential economic deposits of mineralisation.<\/p>\n<p>\u201cWhen surface drilling for near-term open-pit resources ends later this calendar year, drills will move to the new targets on the Copper King,\u201d Richardson says.<\/p>\n<p>EPL 8529, is situated on the Kombat trend, a region associated with high-grade copper and silver mineralisation, which covers an area of 5 614 hectares in the Grootfontein district of the Otjozondjupa region, between Otavi and Grootfontein.<\/p>\n<p>The licence is currently held by Namibian company Otjiwa Mining and Prospecting CC, and is valid for a period of three years from 9 November 2022 to 8 November 2025.<\/p>\n<p>Richardson says Trigon and its Namibian subsidiary, Trigon Mining (Namibia) (Pty) Ltd, entered an agreement with Otjiwa for the acquisition of EPL 8529 on 30 January 2023.<\/p>\n<p>From a geological perspective, the licence represents a potential strike extension of the Kombat project, with various known mineral occurrences on the property.<\/p>\n<p>\u201cTrigon management has extensive knowledge of the area and plans to implement an exploration programme in conjunction with its ongoing exploration work on the Kombat project areas,\u201d Richardson says.<\/p>\n<p>The sale agreement is subject to customary closing conditions, including approval from Namibia&#8217;s minister of mines and energy, Tom Alweendo, for the transfer of the licence from Otjiwa to Trigon Mining, and the approval of the Toronto Stock Exchange Venture Exchange.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/namibia\">Namibia<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Namibia. CANADIAN mining company Trigon Metals has acquired exclusive prospecting licence (EPL) 8529 in the area surrounding its Kombat and Gross Otavi projects at Otavi. Chief executive officer Jed Richardson in a statement says the purchase consideration for the licence comprises a cash price of N$1,75 million and N$250 000 to be settled [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":38978,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[234,236,233],"class_list":["post-38979","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-namibia","tag-namibia"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Trigon expands land holding in Namibia - Namibia<\/title>\n<meta name=\"description\" content=\"CANADIAN mining company Trigon Metals has acquired exclusive prospecting licence (EPL) 8529 in the area surrounding its ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/namibia\/all-news\/trigon-expands-land-holding-in-namibia\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trigon expands land holding in Namibia\" \/>\n<meta property=\"og:description\" content=\"CANADIAN mining company Trigon Metals has acquired exclusive prospecting licence (EPL) 8529 in the area surrounding its ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/namibia\/all-news\/trigon-expands-land-holding-in-namibia\" \/>\n<meta property=\"og:site_name\" content=\"Namibia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-09T16:17:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-02-09T16:36:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2023\/02\/postQueueImg_1675946876.87.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"750\" \/>\n\t<meta property=\"og:image:height\" content=\"366\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/trigon-expands-land-holding-in-namibia#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/trigon-expands-land-holding-in-namibia\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Trigon expands land holding in Namibia\",\"datePublished\":\"2023-02-09T16:17:36+00:00\",\"dateModified\":\"2023-02-09T16:36:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/trigon-expands-land-holding-in-namibia\"},\"wordCount\":320,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/trigon-expands-land-holding-in-namibia#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2023\/02\/postQueueImg_1675946876.87.jpg\",\"keywords\":[\"africa press\",\"Africa Press-Namibia\",\"namibia\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/namibia\/all-news\/trigon-expands-land-holding-in-namibia#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/trigon-expands-land-holding-in-namibia\",\"url\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/trigon-expands-land-holding-in-namibia\",\"name\":\"Trigon expands land holding in Namibia - 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