2021 Field Exploration Program At The Upper Kobuk Mineral Projects

VANCOUVER - Trilogy Metals Inc. reported that Ambler Metals LLC, the joint venture operating company equally owned by Trilogy and South32 Limited, has finalized the 2021 exploration field program at the Upper Kobuk Mineral Projects (UKMP) located in Northwestern Alaska. The exploration program is aligned with a strategy developed by Trilogy Metals and South32 which prioritizes the exploration budget within the 172,636-hectare (426,600-acre) UKMP. The strategy defines a balanced and realistic program that advances the highest priority projects and exploration targets, both Volcanogenic Massive Sulphide (VMS) and Carbonate-Hosted Copper (CHC), ranging from early-stage geophysical anomalies that were identified during the 2019 airborne Versatile Time Domain Electromagnetic (VTEM) survey to advanced VMS and CHC prospects with historical resources.

Priority 1 – The Arctic Project. This will entail additional infill drilling to further improve the confidence of the mineral resources. In addition, there will be further metallurgical and targeted condemnation drilling to allow the partners to further de-risk the Arctic Project; Priority 2A – Near Arctic (Arctic Hub) exploration, with the goal of discovering nearby copper-rich satellite deposits within a 3-5-kilometer radius of the Arctic deposit; and Priority 2B – District exploration for both VMS deposits in the Ambler Belt and CHC deposits in the Cosmos Hills and the Ambler Lowlands.

Tony Giardini, President and CEO, said, "I am extremely excited given that we will soon be opening camp with the expectation that we will commence drilling by early June, with the first assay results expected to be available in the fall. The proposed exploration program will be one of the biggest programs in the history of the Ambler Mining District and we have expectations that this program will eventually add to our mineral inventory within this emerging world-class mining district. While we will not be drilling at the Bornite Project this year, we believe in the potential of this project and plan to resume drilling there soon."