(TheNewswire)
Vancouver, Canada – February 8th, 2022 - TheNewswire - Trench Metals Corp. (the “Company”) (TSXV:TMC) (FWB:33H2) announces the identification of two significant “uranium trends” on the Higginson Lake Uranium Project in northern Saskatchewan, following the completion of an internal summary report on the review of previous work.
The Higginson Lake Project comprises approximately 5,900 hectares and includes an expansion of 3,589 hectares (see Press Release January 26, 2022) which covers the on-strike projections of the two uranium trends. The internal Company report was completed by Exploration Facilitation Unlimited, Inc. and was based on a review of Saskatchewan assessment reports and private data. As previously reported, the Higginson Lake Project host a historic drill indicated reserves of 4,800,000 lbs of U308 continue onto these newly acquired claims.*
The northern uranium trend strikes east-south-east from the Charlebois Lake Showings to the Dianne Uranium Showings, with projections to the south-east on the recently expanded claims, extending for over 7 kilometres.
The Charlebois Lake showings has seen little modern exploration and has hundreds of meters of exposure and is the source of the highest assay value results on the property of 1.57% U3O8. The pegmatite showing area is underlain by massive gneissic granite intruding a metasedimentary series. The contacts consist of a zone of biotite injection gneiss, biotite schists and granite, up to 91 m wide. At intervals in this contact zone are sill-like lenses of fine-grained biotite pegmatite several meters wide and hundreds of meters long. The radioactivity in the pegmatites is associated with quartz and biotite rich portions and is probably due to dissemination of fine-grained uraninite. Yellow staining can be seen intermittently over the zones.
The recent internal Company report observed: “Of the 12 uranium showings on the Higginson Project, the Dianne Uranium Showing has the longest strike length and radioactive continuity associated with a major structural feature. Radioactive pegmatites were first discovered in this area in 1949 and include a series of radioactive anomalies along a major ESE-WNW striking tectonic lineament. A considerable amount of work has been completed at the Dianne Uranium Showing including prospecting and mapping, radiometric surveys, mag surveys, trenching, stripping and drilling. However, modern exploration techniques have not been applied other than partial coverage by the 2008 helicopter VTEM survey.”
The Company continues to design an aggressive 2022 exploration program that will include activities directed at new uranium discoveries and to update historic resources to 43-101 standards on the Higginson Lake Project and further exploration of new anomalies at Gorilla Lake and will keep shareholders informed through future news releases.
Dr. Peter Born, P.Geo., is the designated qualified person as defined by National Instrument 43-101 and is responsible for, and has approved, the technical information contained in this release.
*The historical mineral resource estimate presented above used categories that do not conform to current Canadian Institute of Mining, Metallurgy and Petroleum Definition Standards on Mineral Resources and Mineral Reserves as outlined in National Instrument 43-101. A qualified person has not done sufficient work to classify the historical estimate as a current mineral resource and as such the Company is treating them as historical resource estimates. Readers are cautioned that the historical mineral resource estimate do not mean or imply that economic deposits exist on the project.
About Trench Metals Corp
Trench Metals Corp. is a mineral exploration company with a focus on uranium. We create value for our shareholders by engaging in promising mineral exploration opportunities. Our main goal is the advancement of various projects from discovery all the way to production. This vertically integrated strategy allows Trench Metals to achieve exceptional shareholder value through the entire life-cycle of the mining process.
Trench Metals Corp. has the right to acquire a 100% interest in two highly prospective uranium project in Saskatchewan’s Athabasca Uranium district. Higginson Lake Uranium Project which covers an area of approximately 5900 hectares and is 52 kilometers northeast of the town of Stony Rapids, which is accessible by Highway 905 and 964. The Higginson Lake Uranium Project host two historic drill indicated reserves, totaling 4,800,000 lbs of U308. And the Gorilla Lake Uranium Project which comprises of nearly 7000 hectares in the Northern Mining District of Saskatchewan near the Shea Creek uranium deposit. The Athabasca District is home to the highest grade of uranium deposits in the world and accounts for 18% of global uranium production
For further information, contact the Company atinfo@trenchmetals.com, or visit the Company’s website atwww.trenchmetals.com.
On behalf of the Board,
Trench Metals Corp.
Simon Cheng, Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When or if used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to the development of the Higginson Lake Uranium Project and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.
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