British Columbia - Trilogy Metals Inc. (TSX, NYSE American: TMQ) ('Trilogy' or the 'Company') is pleased to announce the third set of drilling results from the 2021 summer field season at the Arctic Project, part of the Upper Kobuk Mineral Projects located in northwestern Alaska managed by Ambler Metals LLC, the joint venture operating company equally owned by Trilogy and a wholly owned subsidiary of South32 Limited.
The 2021 Arctic drill program included 4,131 meters of diamond drilling, comprising 18 holes, that were designed to convert a portion of the resources from the Indicated category to the Measured category, and provide material for metallurgical testing and geotechnical information. The assay results detailed here are for the second set of infill/metallurgical drill holes from the 2021 summer field season.
On November 22, 2021, the Company released the assay results for two geotechnical drill holes AR21-0173 and AR21-0175 that intersected high-grade mineralization beyond the currently designed pit at Arctic. Subsequently on November 29, 2021, the Company released additional drilling results from two infill holes drilled early in the 2021 field season. Of note is drill hole AR21-0176 which intersected 19.91 meters of almost 12% copper equivalent.
The results of the remaining 12 holes are expected to be announced over the next couple of months.
Highlights from the second set (two holes) of metallurgical/infill drill holes from the 2021 drill program
Based on a cut-off grade of 0.5% copper equivalent, significant zones of high-grade copper, zinc, lead, gold, and silver mineralization were intersected, including: Hole AR21-0182 intersected six mineralized intervals, including 27.65 meters of 2.75% copper, 2.65% zinc, 0.46% lead, 0.66 g/t gold and 42.81 g/t silver for a copper equivalent grade of 4.67% and 10.91 meters of 3.31% copper, 8.22% zinc, 1.78% lead, 0.81 g/t gold and 70.85 g/t silver for a copper equivalent grade of 8.07% and Hole AR21-0184 intersected two mineralized intervals, including 14.46 meters of 1.96% copper, 5.57% zinc, 1.71% lead, 0.73 g/t gold and 51.13 g/t silver for a copper equivalent grade of 5.50%.
All reported intervals are thought to be close to the true width and therefore represent the actual thickness of mineralization.
Tony Giardini, President and CEO of Trilogy, commented, 'As we keep drilling into the Arctic Project area, we keep getting more pleasant surprises from the assay lab as the infill results continue to demonstrate very high polymetallic grades over very compelling widths. I look forward to seeing the results from the remaining 12 drill holes from the 2021 field season and I also look forward to the upcoming 2022 field season which will begin in the June.'
Richard Gosse, Trilogy's Vice President, Exploration stated, 'The exciting results from holes AR21-0182 and AR21-0184 confirm the high copper and zinc grades over mineable widths that are to be expected from the infill drill program at Arctic. Good continuity of grade and thickness, such as what we are seeing at Arctic, are characteristic of world-class volcanogenic massive sulphide deposits. We are looking forward to more results like these that will be used to estimate the first measured resource at Arctic.'
Of the 18 holes drilled at Arctic last summer, eight holes were for the geotechnical program. The 10 remaining drill holes were part of the infill/metallurgical program, with three of the 10 drill holes also being used for the hydrology program.
Hole AR21-0184 which is sized HQ3 (61 mm diameter), was also designed to provide metallurgical test material, upgrade confidence in the resource model and allow for hydrology monitoring instruments to be installed down hole. The hole was collared in the center of the Arctic deposit and intercepts multiple mineralized zones.
Mineralization within the highest-grade portions of Zones 5 and 4 of drill hole AR21-0182 consists of 30-55% chalcopyrite, 10-15% sphalerite and 5-30% pyrite. Whereas within the highest-grade portions of Zone 3, mineralization consists of 30-55% chalcopyrite, 20-30% sphalerite and 10-20% pyrite. Mineralization within the high-grade portions of Zone 1 consists of 5-25% chalcopyrite, 2-5% sphalerite and 5-15% pyrite.
Mineralization within the highest-grade portions of Zones 3 and 5 of drill hole AR21-0184 consists of 3-10% chalcopyrite, 5-35% sphalerite and 5-30% pyrite. Whereas mineralization within the highest-grade portions of Zone 1 consists of 1-10% chalcopyrite, 10-20% sphalerite, 3% galena and 12-30% pyrite.
All percentages of sulphide mineralization are based off the visual estimations in the core.
Within the Arctic deposit, mineralization occurs as stratiform semi-massive sulphide to massive sulphide beds within primarily chlorite schists and fine-grained quartz schists. The sulphide beds average 4 meters in thickness but vary from less than 1 meter up to as much as 20 meters in thickness.
About Trilogy Metals
Trilogy Metals Inc. is a metal exploration and development company which holds a 50 percent interest in Ambler Metals LLC which has a 100 percent interest in the Upper Kobuk Mineral Projects ('UKMP') in Northwestern Alaska. On December 19, 2019, South32, a globally diversified mining and metals company, exercised its option to form a 50/50 joint venture with Trilogy. The UKMP is located within the Ambler Mining District which is one of the richest and most-prospective known copper-dominant districts located in one of the safest geopolitical jurisdictions in the world. It hosts world-class polymetallic volcanogenic massive sulphide ('VMS') deposits that contain copper, zinc, lead, gold and silver, and carbonate replacement deposits which have been found to host high-grade copper and cobalt mineralization. Exploration efforts have been focused on two deposits in the Ambler Mining District - the Arctic VMS deposit and the Bornite carbonate replacement deposit. Both deposits are located within a land package that spans approximately 181,387 hectares. Ambler Metals has an agreement with NANA Regional Corporation, Inc., an Alaska Native Corporation that provides a framework for the exploration and potential development of the Ambler Mining District in cooperation with local communities. Trilogy's vision is to develop the Ambler Mining District into a premier North American copper producer.
Contact:
Patrick Donnelly
Tel: 604-630-3569
Email: patrick.donnelly@trilogymetals.com
Cautionary Note Regarding Forward-Looking Statements
This press release includes certain 'forward-looking information' and 'forward-looking statements' (collectively 'forward-looking statements') within the meaning of applicable Canadian and United States securities legislation including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included herein, including, without limitation, statements relating to interpretation of drill results; the Company's beliefs regarding the potential of the Arctic Project and expectations regarding future drill results; are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as 'expects', 'anticipates', 'believes', 'intends', 'estimates', 'potential', 'possible', and similar expressions, or statements that events, conditions, or results 'will', 'may', 'could', or 'should' occur or be achieved. Forward-looking statements involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include the uncertainties involving impact of the COVID-19 pandemic; success of exploration activities, permitting timelines, requirements for additional capital, government regulation of mining operations, environmental risks, prices for energy inputs, labour, materials, supplies and services, uncertainties involved in the interpretation of drilling results and geological tests, unexpected cost increases and other risks and uncertainties disclosed in the Company's Annual Report on Form 10-K for the year ended November 30, 2020 filed with Canadian securities regulatory authorities and with the United States Securities and Exchange Commission and in other Company reports and documents filed with applicable securities regulatory authorities from time to time. The Company's forward-looking statements reflect the beliefs, opinions, and projections on the date the statements are made. The Company assumes no obligation to update the forward-looking statements or beliefs, opinions, projections, or other factors, should they change, except as required by law.
TRILOGY METALS INC. 
