Vancouver, Canada – July 17, 2024 – Trench Metals Corp. (the “Company”) (TSXV: TMC, FWB: 33H2) is pleased to announce the commencement of a ground geophysical survey of its wholly owned Carter Lake Uranium Project, located on the west side of the Athabasca Basin. The Company is performing an Induced Polarization (IP) survey, with 100m spacing and 25m stations, with an expected production of over 20 kilometers.
The purpose of the survey is to test the principal target zone, a 4.7km northeast trending subsurface conductive anomaly, which lies within a regional magnetic low feature: the Carter Lake corridor, parallel to the fertile Patterson Lake corridor. In particular, the survey will concentrate on TZ-2 and TZ-4, the highest priority targets, which have also tested positive for radon gas, a by-product of uranium decomposition. Results from the survey will be integrated with the current database to refine diamond drill targets.
The Company is committed to conducting all exploration activities in an environmentally sound manner and with consultation with local stakeholders. The Company adheres to stringent environmental protocols to ensure the protection of the local ecosystem and the well-being of the surrounding communities.
The Company will provide updates on the program’s results as they become available, ensuring transparency and keeping our shareholders and the public informed of our progress.
For further updates and information, please visit the Trench Metals website at www.trenchmetals.com.
Qualified Person
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.
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. owns the Carter Lake Uranium Project which spans over 691 hectares on the western flank of the Athabasca Basin, strategically positioned within the Carter Lake Corridor, a substantial structural feature that runs parallel to the renowned Patterson Lake Corridor – home to mineralization control points for NexGen’s Rook 1 deposit and Fission Uranium’s PLS deposit. Trench Metals also has the right to acquire a 100% interest in two highly prospective uranium project in Saskatchewan’s Athabasca Uranium district. The 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.* The Spreckley Lake Uranium Project which comprises of 1385 hectares in northern Saskatchewan, strategically located adjacent to Skyharbor’s Pluto Bay Project. The Athabasca District is home to the highest grade of uranium deposits in the world and accounts for 18% of global uranium production.
*The historical mineral resource estimate presented above uses 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 estimate as a current mineral resource and as such the Company is treating it as a historical resource estimate. Readers are cautioned that the historical mineral resource estimate does not mean or imply that economic deposits exist on the Higginson Lake Uranium Project.
For further information, contact the Company at info@trenchmetals.com or (604) 558-4300, or visit the Company’s website at www.trenchmetals.com.
On behalf of the Board,
Trench Metals Corp.
Simon Cheng, President
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 planned development of the Carter 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.
