Vancouver, Canada – February 22nd, 2022 – Trench Metals Corp. (the “Company”) (TSXV: TMC, FWB: 33H2) announces that the Company is completing a detailed examination of the Peterson Rapids Showing, located on the Higginson Lake Extension claim. This radioactive zone is immediately southeast of the rapids between Peterson and Higginson Lakes, approximately 11.3 km southeast of Charlebois Lake. The Company is specifically interested in determining the relationship of the Peterson Rapids Showing with the Dianne Zone (one of the high priority exploration zones identified at the Higginson Lake Project), located approximately 5 km northwest.
The Peterson Rapids Showing is 340 ft (103.6 m) long and it has been revealed by 21 trenches blasted over the zone length. A 50 ft (15.2 m) section of this zone was reported to have returned an average of 0.10% U3O8 over a width of 4.2 ft (1.3 m). A 140 ft (42.7 m) section of another portion of the zone assayed 0.35% U3O8 over 4.7 ft (1.4 m).
In addition, fourteen drill holes totaling 1264 ft (385.3 m) were completed over the showing to explore the zone at depth. Samples were taken for assaying from each hole. Values from 0.05% U3O8 across 0.7 ft (0.2 m) at 114 ft (34.7 m) depth to 0.25% U3O8 across 2.9 ft (0.88 m) at 90 ft (27.4 m) in depth were obtained. The area is underlain by a gneissic granite containing areas of pink pegmatite at depth. Drill hole logs document that the samples were taken from the pegmatite which is in a quartzose biotite schist. (SMAD File 1653).
The Company believes this could be a new discovery at the Higginson Lake Project, and anticipates conducting an evaluation program on the site after breakup. Details of the work program will be released as they become available.
The Higginson Lake Uranium Project 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 Project hosts two historic drill indicated reserves, totaling 4,800,000 lbs of U308.*
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.
