Clean. Sustainable. Nuclear.
About Trench Metals
Trench Metals is a mineral exploration company. 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 has the right to 100% interest in the Gorilla Lake Uranium Project. Gorilla Lake is located in the Cluff Lake area of Saskatchewan’s Athabasca Uranium district. The Athabasca District is home to the highest grade of uranium deposits in the world. It accounts for 18% of global uranium production. The Gorilla Lake Project comprises nearly 7000ha in the Northern Mining District of Saskatchewan near the Shea Creek uranium deposit.
THE GORILLA LAKE PROJECT
Uranium exploration in the area of Gorilla Lake has been ongoing since the late 1950s with two major periods of work. The first major period was associated with the discovery of the Cluff Lake Deposits in the early to mid 70s by Amok (Orano) and Numac Oil and Gas. The second phase of work has taken place from 2004 right up to the present time.
During this second phase of work, uranium mineralization intersected in drill holes CLU-01 and CLU-07 and is associated with a virtually untested structure extending over 700 metres. This structure represents a prime target for further drilling. Additionally, the basement in this area has been overturned and lies above the sandstone. Consequently, the possibility for unconformity uranium mineralization exists in this area.
In 2005, Fugro Airborne Surveys completed an airborne magnetic and MEGATEM survey over the Cluff Lake area that included the Gorilla Lake Property (Fugro Airborne Surveys, 2005). Of particular interest is a magnetic “button” anomaly approximately 1500 metres south of Gorilla Lake. In 2016, a gravity survey was carried out in the northern portion of the Gorilla Lake Property. This gravity survey identified two significant gravity anomalies to the east and west of Gorilla Lake and confirmed a third geophysical anomaly approximately 1500 metres south of Gorilla Lake.
Despite the area seeing over 50 years of exploration, the Gorilla Lake Project remains an attractive uranium exploration opportunity. The property lies in close proximity to several previous uranium-producing mines in the Cluff Lake district. The property is also underlain by lithologic and structural elements that serve as strong prospects for the discovery of uranium mineralization. There have been three recent discoveries of significant uranium deposits in the western Athabasca Basin — Shea Creek, Arrow and Triple R. This illustrates that despite long term exploration efforts, new discoveries continue to be made.
Mark has served as a director of fourteen publicly listed companies. In many cases, he also served as the CFO for these companies. Throughout his career, he has served on many private sector organizations as well. Mark has worked in the trust and finance sector for over 25 years. He was the Vice President of Western Region at Montreal Trust, ScotiaBank and Computershare Trust Company of Canada. His career has included work in trust and advisory, corporate finance, sales and marketing, business mergers and acquisitions, RTO and business succession. Mark also has a long-standing commitment to strong community relations and volunteer work.
Simon Cheng has over 10 years of experience in the technology and finance sector. His focus at NovaTeqni Technology Corporation is on program development, with an emphasis on capital finance, business agreement negotiations and corporate development. He previously held positions with professional investment firms providing advisory services to high net worth individuals and institutional investors.
Scott is a partner of Cross Davis & Company LLP Chartered Professional Accountants. This firm focuses on providing accounting and management services for publicly listed companies. He has worked as a CFO for several companies listed on the TSX Venture Exchange. He has filled numerous senior management positions including four years at Appleby as an assistant financial controller, two years at Davidson & Company LLP Chartered Professional Accountants as an auditor and five years with Pacific Opportunity Capital Ltd. as an accounting manager.
B.Sc., P.Geo. | Geologist
Dave Billard, B.Sc., P.Geo. is the President of Cypress Geoservices Ltd. (CGL) and is the qualified person responsible for the content of the report on the Gorilla Lake Property. Dave has over 30 years of experience in the mineral exploration industry, 20 of which in the Athabasca Basin specifically. He was the vice-president of exploration and a director of JNR Resources Inc. until it was acquired by Denison Mines Corporation in 2013. Prior to JNR, he worked for Cameco Corporation doing exploration for gold, base metals, diamonds and uranium throughout western Canada and the western United States. The report was effective as of September 15, 2020. Cypress Geoservices is a Saskatoon based firm that provides geoscientific consulting services to the mining industry. Dave is an independent qualified person and wholly responsible for the preparation of the 2020 Gorilla Lake Report.
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