Trilogy Metals Announces the 2020 Program and Budgets for the Upper Kobuk Mineral Projects
Trilogy Metals Inc. (TMQ)
NASDAQ:AMEX Investor Relations:
trilogymetals.com/investor-center/stock-performance
Company Research
Source: PR Newswire
VANCOUVER, Feb. 26, 2020 /PRNewswire/ - Trilogy Metals Inc. (TSX/NYSE American: 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; ADR: SOUHY) ("South32") has recently approved the 2020 program and budget of $22.8 million for the advancement of the Upper Kobuk Mineral Projects ("UKMP") located in Northwestern Alaska. The budget is 100% funded by Ambler Metals. All amounts are in US dollars.Highlights of the 2020 Program$22.8 million budget fully funded by Ambler Metals 10,000 meters of drilling at the Arctic Project 2,500 meters of drilling within the Ambler Volcanogenic Massive Sulphide ("VMS") Belt Geologic mapping and geochemical soil sampling at the Bornite Project Arctic ProjectActivities at the Arctic Project will continue to focus on advancing studies and preparing for permit applications. Ambler Metals plans to conduct a 10,00
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