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Trilogy Metals Inc. (TSX:TMQ) (NYSE:TMQ) ("Trilogy" or the "Company") is pleased to announce that Ambler Metals LLC ("Ambler Metals"), the joint venture operating company equally owned by Trilogy and South32 Limited ((ASX, LSE, JSE: S32, OTC:SOUHY) ("South32"), has commenced mobilization for the upcoming exploration field program at the Upper Kobuk Mineral Projects ("UKMP") located in northwestern Alaska. The UKMP includes the Arctic (volcanogenic massive sulphide, or "VMS") deposit ("Arctic"), the Bornite (carbonate-hosted copper, or "CHC") deposit ("Bornite"), and prospective adjoining mining claims.
On May 11, 2022, the owners of Ambler Metals approved an updated summer field program resulting in an overall fiscal 2022 budget of approximately US$26.2 million for the advancement of the UKMP. The entire amount is fully funded by Ambler Metals and will consist of a minimum 10,000 meters of diamond drilling with additional meters contingent on drill performance, weather and approval of supplementary budgets.
The 2022 exploration program is aligned with the strategy developed by Trilogy and South32. Priorities are advancing Arctic with additional infill drilling to further improve the confidence in the resource and the completion of a geotechnical study to further de-risk the project. Exploration outside of the Arctic deposit will focus on discovering copper-rich satellite deposits near Arctic, and in the Cosmos Hills and the Ambler Lowlands along strike from Bornite (see Figure 1).
Preparations are underway with the mobilization of crews and equipment in progress, and drilling is expected to commence in early June. Major Drilling ("Major") was awarded a multi-year contract to provide three diamond drill rigs with crews. Major has experience at the UKMP from drill campaigns in 2017, 2018 and 2019. The drill program is helicopter-supported and is based out of Ambler Metals' expanded 90-person camp at Bornite.
Tony Giardini, President and CEO of Trilogy, commented, "I am very excited that we will soon be opening camp for the 2022 exploration program. We expect to commence drilling by early June with first assay results being available in early fall. The proposed exploration program will be one of the largest programs in the history of drilling within the Ambler Mining District and we expect that it will allow us to expand our geological knowledge of this emerging world-class mining district."
Richard Gosse, VP Exploration of Trilogy, commented, "We are pleased with the collaboration between South32, Ambler Metals and Trilogy geoscientists in developing this year's exploration program. The team had numerous meetings to interpret and discuss the results of last year's program and they've come up with some very compelling targets and target areas, ranging from reconnaissance targets to well mineralized prospects that have never previously been drilled – that are a priority for the Ambler Metals team to evaluate this summer."
Arctic Work Plan
Following last year's 4,100-meter (18-hole) infill, metallurgical and geotechnical drill program, this year's program involves a minimum 6,000 meters in 27 holes, as part of an 8,400-meter infill program to increase confidence from Indicated to Measured in areas of the mineral resource block model that would be mined during the first four years of production based on Trilogy's Feasibility Study[†] mine plan and with the highest estimated value (see Figure 2).
In addition, three to five holes totaling 500 to 750 meters are planned to complete a geotechnical and hydrogeological assessment of Arctic that SRK Consulting commenced last year.
Ambler Belt: VMS Exploration
During the 2021 field season, geological mapping near Arctic assisted in defining three shallow VMS targets that Ambler Metals plans to drill this summer (see Figure 3). All three targets are visible in the airborne electromagnetic ("EM") data acquired during the 2019 Versatile Time Domain Electromagnetic ("VTEM") survey that was recently reprocessed by Condor Geophysics. A first pass drill program at the three targets will require a minimum of 1,100 meters.
In addition, Ambler Metals plans to conduct additional geological mapping and soil sampling at several other VMS prospects in the belt, including Ambler, Dead Creek, Sunshine and COU, as well as at high-priority VTEM anomalies.
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† |
"Arctic Feasibility Study Alaska, USA NI 43-101 Technical Report" with an effective date of August 20, 2020 and a release date of October 2, 2020 |
Cosmos Hills and the Ambler Lowlands: CHC Exploration
Last year's exploration program for CHC, including soil sampling, detailed structural mapping, relogging historical core, trenching and two drill holes, outlined four areas for drilling. This year, in addition to drilling, which is expected to total about 2,400 meters, further detailed mapping and soil sampling and a minimum 2,000 meters of trenching are planned around Pardner Hill and the Bornite East target area.
Qualified Person
Richard Gosse, P.Geo., Vice President Exploration for Trilogy, is a Qualified Person as defined by National Instrument 43-101. Mr. Gosse has reviewed the scientific and technical information in this news release and approves the disclosure contained herein.