JV Partner Drilling Athabasca Basin PropertyFrom Triex Minerals Corp (TXM) NR,
Stony Road property
A surface program of geophysics and geochemistry will be done on the Stony Road property during the next six weeks, concurrent with drilling at Pasfield Lake. Crews will be based out of the Pasfield Lake camp located about 40 kilometres to the southwest of the property.
The Stony Road property is located on the northern extension of Highway 905 in the northeastern part of the Athabasca basin of Northern Saskatchewan. The property is approximately 75 kilometres northwest of operating uranium mines at McClean Lake and Rabbit Lake.
EM Pulse Geophysics has been contracted to complete an audiomagnetotelluric geophysical survey (AMT) on four transect lines across the property. Concurrent till sampling and prospecting will augment the AMT survey. This program will concentrate on two main targets identified by an airborne MegaTEM II survey (magnetics and EM) completed in 2006, and a 3,158-line-kilometre 3-D full tensor gravity gradient airborne survey completed in May, 2007.
First pass drill testing of at least one of the targets is anticipated for the upcoming 2008 winter drill season starting next January.
Triex has the right to acquire a 70-per-cent interest in the Stony Road property from Magnum Uranium Corp. The property consists of 15 contiguous mineral claims covering a total area of 73,996 hectares. Triex is the operator.