Vancouver, Canada – January 25th, 2022 – Trench Metals Corp. (the “Company”) (TSXV: TMC, FWB: 33H2) announces that it has expanded its Higginson Lake Uranium Project in northern Saskatchewan. The Company acquired an additional 3,589 hectares, more than doubling the size of the Higginson Lake Project, which now covers more than 5,900 hectares. The additional claims contain the same host rock and have many of the same geological markers as the core uranium mineralization originally identified within the Project and increase the potential for expansion of historic discoveries.
The Company acquired these additional claims as its technical team has identified that many of the trends that host the Company’s historic drill indicated reserves of 4,800,000 lbs of U308 continue onto these newly acquired claims.* The Company is currently establishing its 2022 exploration program that will include contributions to an updated 43-101 at Higginson Lake 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 does 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 projects in Saskatchewan’s Athabasca Uranium district. Higginson Lake Uranium Project which covers an area of approximately 5,900 hectares and is 52 kilometers northeast of the town of Stony Rapids, and is accessible by Highway 905 and 964. The Higginson Lake Uranium Project hosts two historic drill indicated reserves, totaling 4,800,000 lbs of U308. And the Gorilla Lake Uranium Project which comprises nearly 7,000 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.
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 finalization of a work program at the Project, the anticipated timing for the commencement of such a program, 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.
