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TRENCH METALS IDENTIFIES PETERSON RAPIDS SHOWING ON THE HIGGINSON LAKE URANIUM PROJECT
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.
TRENCH METALS IDENTIFIES URANIUM TRENDS ON THE HIGGINSON LAKE URANIUM PROJECT
Vancouver, Canada – February 8th, 2022 – 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 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.
TRENCH METALS EXPANDS HIGGINSON LAKE URANIUM PROJECT
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.
TRENCH METALS EVALUATING DATASET ON GORILLA LAKE URANIUM PROPERTY, ATHABASCA, SASKATEWAN, CANADA
Vancouver, Canada – December 13th, 2021 – Trench Metals Corp. (the “Company”) (TSXV: TMC, FWB: 33H2) ) is pleased to announce that the Company is in the process of completing a detailed evaluation of it’s updated exploration datasets on the Gorilla Lake Uranium Property, which
covers 6,949 hectares in the western Athabasca Basin. The intention of this evaluation is to build on the Company’s recent exploration work to define and prioritize uranium exploration targets and to design the spring 2022 field program. The 2021 program consisted of Shaw drilling of
prospective radioactive anomalies as well as surface investigation with advanced Scintillometers, such as the Radiation Solutions RS125, which provides accurate real time analysis of gamma radiation, a product of uranium decay. Previous exploration included airborne magnetic survey
and a MEGATEM as well as ground EM survey and diamond drilling. At present, the Company is evaluating targets for a uranium deposit type, similar to the Cluff Lake Mine, which lies ~8km south of the Gorilla Lake Property and produced approximately 62.5 million pounds of uranium
between 1980 and 2002.
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. 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 2312 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 7000ha 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.
TRENCH METALS RECEIVES 2021 EXPLORATION PROGRAM RESULTS AT GORILLA LAKE URANIUM PROJECT
Vancouver, Canada – November 28th, 2021 – Trench Metals Corp. (the “Company”) (TSXV: TMC, FWB: 33H2) announces it has received the lab results from the Company’s recent exploration program on it’s wholly owned Gorilla Lake Uranium Project. The Company is pleased to report that a vast number of anomalous uranium showings were identified during the duration of the program. These encouraging results have prompted the Company to engage the highly reputable geological analysis company named Exploration Facilitation Unlimited Inc. to add the results with it’s existing project data to update the modeling of the project. The Company will use this modeling to establish it’s near-term continuation of exploration. The Company will update shareholders as this modeling is completed.
Simon Cheng, Chief Executive Officer of the Company, commented “We are pleased with the results of our recent exploration program on the Company’s Gorilla Lake Uranium Project, and look forward to reviewing the updating modeling as we plan our continued exploration plans. Trench Metals is pleased to be at the forefront of the green energy economy with it’s focus on uranium to fuel the green energy economy.”
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. 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 earn a 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.
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.
TRENCH METALS PLANS ADDITION OF HYDROGEN ENERGY DIVISION
Vancouver, Canada – November 21st, 2021 – Trench Metals Corp. (the “Company”) (TSXV: TMC, FWB: 33H2) is pleased to announce that its board of directors has approved the establishment of a hydrogen energy division within the Company. The Company’s uranium assets have recently benefited from renewed market interest in green energy projects, and the board of directors will look to commit to the Company remaining on the forefront of emerging markets in the green energy sector.
Initially, the Company will look to staff the hydrogen energy division with third-party experts and advisors who can review and evaluate prospective opportunities in the sector. The Company intends that work of the division will initially be focused on seeking out and evaluating potential strategic acquisitions and opportunities for the Company to partner with existing industry participants. The Company will provide further information on staff of the division as new advisors are engaged and appointed.
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.
TRENCH METALS PLANS WORK ON HIGGINSON LAKE URANIUM PROJECT
Vancouver, Canada – November 7th, 2021 – Trench Metals Corp. (the “Company”) (TSXV: TMC, FWB: 33H2) has initiated a preliminary work program on it’s Higginson Lake Uranium Project, in Athabasca, Saskatchewan. As reported, (Press Release October 18, 2021) the Higginson Project covers an area of approximately 2312 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.
- Due diligence and research completed by the Company’s geologists have indicated that the Higginson property is remarkably underexplored relative to other parts of the Athabasca Basin. In 1948 the Niso uranium deposit was discovered, located 35 kilometers South-South-West of the Higginson property. Saskatchewan’s first uranium mine, the Nicholson mine started production in 1949 and a uranium boom resulted, fueled by the urgency of the Cold War. A rush in the early 1950’s led to the discoveries of numerous uranium prospects and occurrences in the area trending North-North-East from Black Lake for 30 kilometers, known as the Charlebois-Higginson Lake Uranium District.
- Exploration activity on the Higginson property was conducted from 1950 to 1956, by various companies (Palmor Industries, Dee Exploration, Anglo Barrington Mines Ltd.) comprising radiometric prospecting, geological mapping, trenching and shallow diamond drilling. The work is summarized in the SMDI data base, but no assessment files are available. The next phase of exploration was conducted from 1969 to 1976 by Fosago Explorations Ltd., whom completed airborne and ground radiometric surveys, geological mapping, trenching, and sampling over a portion of the current property. Since 1976 no assessment filings have been completed over the property and the activity is assumed to be largely dormant.
- Uranium mineralization at Higginson Lake is thought to be controlled by the Black Lake Fault, a northeast striking regional fault that transects the Athabasca Basin. Previous exploration at Higginson Lake has identified twelve historic showings. Significantly, the Corrigan Lake Showing, was explored by trenching and diamond drilling by Dee Exploration Ltd., which published in the Northern Miner (May 1956) a historical drill indicated reserve (*) of 2,000,000 tons grading greater than 0.1% U3O8, or 4,400,000 lbs U3O8. (Saskatchewan Mineral Deposit Index File 1656). In addition, Palmor Industries identified a drill indicated reserve (*) of 200,000 tons, averaging 2lbs/ton U3O8 at the Higginson Lake Showing, 550 m northwest of the Corrigan Lake Showing, this being an additional 400,000 lbs of U3O8. (Saskatchewan Mineral Deposit Index File 1744).
- The Corrigan Lake Showing represents a high priority exploration target for the Company. The Corrigan Lake showing is underlain by red granite gneisses in the north in contact with migmatites in the south. White pegmatite occurs along the contact and exhibits high radioactivity. A report by Kisimori et.al,(1) suggests that some occurrence of uranium mineralization in the Charlebois-Higginson Lake district can be classified as a possible “porphyry” uranium deposit, similar to deposits at Rossing in Namibia and Johan Beetz in Quebec. Rössing is a world-class granite-hosted uranium deposit located in the Central-West Namibia. Rössing’s reserves at the end of 2018 were 23,810 tonnes Uranium, probable, at 0.033% U in ore and no resource figures were published (2). This deposit type represents a new exploration target on the Higginson Project.
* The historical mineral resource estimates presented above used categories that do not conform to current CIM 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 any of the historical estimates as current mineral resources and as such the Company is treating them as historical resource estimates. Readers are cautioned that the historical mineral resource estimates do not mean or imply that economic deposits exist on the Project.
1. A Report to the Energy Research and Development Administration on Uranium Deposits in Granitic Rocks By Richard k. Kisimori, Paul C. Ragland, John J.W. Rogers, and Jeffrey K. Greenburg University of North Carolina at Chapel Hill, January 1977, Prepared For the Energy, Research and Development Administration, Grand Junction, Colorado 81501
2. https://world-nuclear.org/information-library/country-profiles/countries-g-n/namibia.aspx
The long drought of exploration (since 1976) activity on the Higginson Project allows for the application of new and improved geophysical and geochemical techniques that have been used successfully on other uranium properties. The Company is reviewing airborne magnetics and radiometric proposals. Airborne magnetic and electromagnetic surveys are not affected by snow cover and could be flown as early as January.
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.
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.
TRENCH METALS ACQUIRES RIGHTS TO HIGGINSON LAKE URANIUM PROJECT
Vancouver, Canada – October 17, 2021 – Trench Metals Corp. (the “Company”) (TSXV: TMC, FWB: 33H2) announces that it has been granted an option to acquire 100% of the Higginson Lake Uranium Project, in Athabasca, Saskatchewan. The project covers an area of approximately 2312 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 adjoins claims which host historic uranium reserves. The Higginson Lake Uranium Project host two historic drill indicated reserves, totaling 4,800,000 lbs of U308.
Mineralization at Higginson Lake is thought to be controlled by the Black Lake Fault, a northeast striking regional fault that transects the Athabasca Basin. Previous exploration at Higginson Lake has identified twelve historic showings. Significantly, the Corrigan Lake Showing, located 389m north of Corrigan Lake, was explored by trenching and diamond drilling by Dee Exploration Ltd., which published in the Northern Miner a historical drill indicated reserve of 2,000,000 tons grading greater than 0.1% U3O8, or 4,400,000lbs U3O8. (Saskatchewan Mineral Deposit Index File 1656). In addition, Palmor Industries identified a drill indicated reserve of 200,000 tons, averaging 2lbs/ton U3O8 at the Higginson Lake Showing, 550m northwest of the Corrigan Lake Showing, this being an additional 400,000 lbs of U3O8. (Saskatchewan Mineral Deposit Index File 1744).
The historical mineral resource estimates presented above used categories that do not conform to current CIM 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 any of the historical estimates as current mineral resources and as such the Company is treating them as historical resource estimates.
Readers are cautioned that the historical mineral resource estimates do not mean or imply that economic deposits exist on the Project. Under the terms of the Option, the Company is able to acquire the Higginson Lake Uranium Project from an arms-length vendor in consideration for a series of cash payments totaling $350,000, and by incurring exploration expenditures of at least $200,000 over a two-year period. Following acquisition of the Project,
it will remain subject to a one-percent net smelter returns royalty on commercial production which can be acquired at any time in consideration for a payment of $1,000,000.
The Company is extremely pleased to have made this strategic acquisition on behalf of its shareholders. The project comes with a trove of historical data and observations, all of which is being combined into a comprehensive exploration plan to guide the Company’s future development.
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. 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 earn a 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.
For further information, contact the Company at [email protected], or visit the Company’s website
at www.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 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.
TRENCH METALS AT FINAL STAGE OF ADDING ADDITIONAL URANIUM PROJECT
Vancouver, Canada – TheNewswire – October 12th, 2021 – Trench Metals Corp. (the “Company”) (TSXV:TMC) (FWB:33H2) (OTC:NVTQF) announces that its chief negotiator has advised the Company that progress on identifying and acquiring an additional uranium project has moved to the final stages of negotiations. The Company is very optimistic it will conclude the acquisition of this additional prospective uranium project in Athabasca Saskatchewan in the very near future. The Company is showing once again that it remains strongly committed to establishing and developing strategic uranium resource in order to participate in helping the global transition to a green energy economy.
Readers are cautioned that the Company has not yet finalized the terms for the acquisition of the uranium project, and there can be no guarantee that negotiations will successfully lead to a transaction. Completion of any transaction will be subject to customary closing conditions, which may include regulatory approval. The Company will provide further information regarding the prospective acquisition once an agreement has been reached.
About Trench Metals Corp
Trench Metals Corp. 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 Corp. has the right to earn a 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.
For further information, contact the Company at [email protected], or visit the Company’s website at www.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 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.
TRENCH METALS LOOKS TO EXPAND URANIUM PROJECT PORTFOLIO ATHABASCA, SASKATCHEWAN, CANADA
Vancouver, Canada – October 3rd, 2021 – Trench Metals Corp. (the “Company”) (TSXV: TMC, FWB: 33H2) announces that its board of directors has commenced a strategic review of several uranium projects near the Company’s Gorilla Lake Uranium Project with the plan to expand the Company’s portfolio.
Simon Cheng, Chief Executive Officer of the Company commented; “based on the encouraging initial results from our summer 2021 work program on our Gorilla Lake Uranium Project, the Company is excited to assess other highly prospective uranium projects in Athabasca, Saskatchewan that the board feels would enhance the Company’s project portfolio. The board of directors feels the timing is ideal for expansion as the price of uranium is rising and projections are for significant growth in demand for the coming decade. It seems the world is waking up to the idea that nuclear power is the best solution to meet the world’s green energy needs”
About Trench Metals Corp
Trench Metals Corp. 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 Corp. has the right to earn a 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.
For further information, contact the Company at [email protected], or visit the Company’s website at www.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 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.
TRENCH METALS COMPLETES SUMMER 2021 EXPLORATION PROGRAM AT GORILLA LAKE URANIUM PROJECT, ATHABASCA, SASKATCHEWAN, CANADA
Vancouver, Canada – TheNewswire – September 9, 2021 – Trench Metals Corp. (the “Company”) (TSXV:TMC), (FWB:33H2), (OTC:NVTQF) is pleased to announce the completion of the Phase 1, Summer 2021 exploration program at the Company’s wholly owned Gorilla Lake Uranium Project in northwestern Saskatchewan. In addition to detailed prospecting, the field crew has completed “project clear access”. This will provide the company complete access to the Gorilla Lake Uranium project for future development. A host of radioactive boulders were identified on the claims and a total of 74 rock and drill samples were collected and forwarded to SRC (Saskatchewan Research Council) for analysis. The highest scintillometer reading observed in the samples, utilizing RS-125 scintillometers, was 4400cps (counts per second). The Company is extremely pleased with these initial results. Assays results are expected in the near term.
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. 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 earn a 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.
For further information, contact the Company at [email protected], or visit the Company’s website at www.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 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.
TRENCH METALS COMMENCES SUMMER 2021 EXPLORATION PROGRAM AT GORILLA LAKE URANIUM PROJECT, ATHABASCA, SASKATCHEWAN, CANADA
Vancouver, Canada – July 19th, 2021 – Trench Metals Corp. (the “Company”) (TSXV: TMC, FWB: 33H2) is pleased to announce that, the Company’s summer exploration program will commence this week. The 2021 program will consist of geological mapping, surface sampling and short hole drilling utilizing back-pack drills, capable of reaching depths of up to 30 feet. The field crew will also be utilizing Radiation Solutions RS125 scintillometers to identify radioactive samples at surface. Exploration activity will be focused on targets identified on the shores of Gorilla Lake. Historic drilling in the area has demonstrated that rocks in the target area have been subject to several successive hydrothermal events. The Company will also be examining drill core for several pathfinder elements which were identified at the nearby Cluff Lake Mine.
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. 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 earn a 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.
For further information, contact the Company at [email protected], or visit the Company’s website at www.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 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.
TRENCH METALS OUTLINES SUMMER 2021 EXPLORATION PROGRAM ON IT’S GORILLA LAKE URANIUM PROJECT, ATHABASCA, SASKATCHEWAN, CANADA
Vancouver, Canada – June 22nd, 2021 – Trench Metals Corp. (the “Company”) (TSXV: TMC, FWB: 33H2) is pleased to announce that, in collaboration with Grander Exploration, the Company has designed a targeted work program for the summer 2021 exploration of the Gorilla Lake Uranium Project. The program will focus primarily on the Gorilla Lake grid, identified by previous uranium exploration. The program will consist of Shaw drilling of prospective radioactive anomalies as well as surface investigation with advanced Scintillometers, such as the Radiation Solutions RS125, which provides accurate real time analysis of gamma radiation, a product of Uranium decay. Shaw drills are man-portable and have an effective range of up to 30ft. The Company is in the final stages of fine tooling the exploration targets and expects to announce mobilization dates in the near term.
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. has the right to acquire a 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.
For further information, contact the Company at [email protected], or visit the Company’s website at www.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 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.
TRENCH METALS TO COMPLETE EVALUATION OF DATASET ON GORILLA LAKE URANIUM PROPERTY, ATHABASCA, SASKATCHEWAN, CANADA
Vancouver, Canada – May 24th, 2021 – Trench Metals Corp. (the “Company”) (TSXV: TMC, FWB: 33H2) is pleased to announce that the Company is in the process of completing a detailed evaluation of exploration datasets on the Gorilla Lake Uranium Property, which covers 6,949 hectares in the western Athabasca Basin. The intention of this evaluation is to define and prioritize uranium exploration targets and to design the 2021 summer field program. The project was covered by an airborne magnetic survey and a MEGATEM in 2005. Later, the project was tested with a ground EM survey and diamond drilling. At present, the Company is evaluating targets for a uranium deposit type, similar to the Cluff Lake Mine, which lies ~8km south of the Gorilla Lake Property and produced approximately 62.5 million pounds of uranium between 1980 and 2002.
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. has the right to acquire a 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.
For further information, contact the Company at [email protected], or visit the Company’s website at www.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 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.
TRENCH METALS BEGINS REVIEW OF TECHNICAL DATA FOR GORILLA LAKE URANIUM PROJECT
Vancouver, British Columbia – January 6, 2021 – Trench Metals Corp. (the “Company”) (TSXV: TMC) has commenced a review of available technical data on its Gorilla Lake Uranium Project. The review is the initial step in commencing a phased exploration program at the Project, which is ultimately expected to involve diamond drilling intended to focus on deeper basement hosted uranium targets.
The Company will provide further information on a planned exploration program for the Project once the review of technical data has been completed.
The Company currently holds an option to acquire to the Gorilla Lake Uranium Project, which comprises a series of mineral claims located in the Athabasca basin of Northern Saskatchewan. For further information concerning the Project, readers are encouraged to review the geological report prepared for the Company in respect of the Project, dated effective October 8, 2020, a copy of which is available under the profile for the Company on SEDAR (www.sedar.com).
For further information, contact Simon Cheng at [email protected].
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 include forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the applicable laws.
TRENCH METALS ANNOUNCES PASSING OF EDWARD LYONS
Vancouver, British Columbia – Trench Metals Corp. (the “Company”) (TSXV: TMC) announces that Edward Lyons, a director of the Company, has passed away. The board of directors expresses its deepest condolences to the family of Mr. Lyons, and its gratitude for his contributions to the Company.
Following the passing of Mr. Lyons, the board of directors consists of Simon Cheng, Scott Davis and Mark Ferguson.
For further information, contact Simon Cheng at [email protected].
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.
