– CANADA, Toronto – Trigon Metals Inc. (TSX-V:TM) 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.
Trigon also announces the appointment of Larisa Sprott to its board of directors and Andrew Cheatle as Vice President, Exploration, each effective immediately.
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.”
About Jed Richardson
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.
About Larisa Sprott
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.
About Andrew Cheatle
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.
About 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
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