Higginson Lake

Uranium Project

Exciting Discovery in the World’s Highest Quality Uranium Mining District


Higginson Lake

The Higginson Lake Uranium Project, in Athabasca, Saskatchewan is an amazing project covering an area of approximately 5900 hectares 52 kilometers northeast of the town of Stony Rapids, SK. Accessible by Highway 905 and 964, the Higginson Lake Uranium Project adjoins claims which host historic uranium reserves. The Higginson Lake Uranium Project hosts 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.


Athabasca Uranium District

The Trench Metals Corp. exploration and development portfolio consists of two properties totaling more than 9,300 hectares in the Athabasca Basin region, close to critical infrastructure that already supports successful uranium operations.

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.

“The conditions at Gorilla Lake this summer were perfect for exploration,” said Dr. Peter Born. “In addition to mapping and short hole drilling, the field crew utilized Radiation Solutions RS125 scintillometers to identify radioactive samples at surface.” Results from the summer exploration program are imminent.

The Athabasca Basin is home to the world’s largest and highest grade uranium mining and milling operations – including the McArthur River and Cigar Lake uranium mines, as well as the Key Lake and McClean Lake uranium mills.

Nearby Projects

The McArthur River uranium mine which commenced production in 1999 is one of the world’s two largest (in terms of production) – the other being Cigar Lake. It also has enormous reserves of high grade ore (16.5% U3O8 after allowance for dilution) located 600 metres underground. Remote control raise boring methods are used to mine the ore, which is then trucked 80 km south to be milled at Key Lake, site of the closed mine that once produced 15% of the world’s uranium.

Cigar Lake began mining in 2014. The proven and probable ore reserves at Cigar Lake are extremely large and very high grade. A 480-metre-deep underground mine was developed using ground freezing and remotely-controlled high pressure water jets to excavate the ore. Production ramped up to 8,200 t/yr U3O8 (7,000 tU/yr) in 2017 and remained at that level in 2018 and 2019.

Athabasca Basin, SK


Ongoing Exploration

Uranium Spot Price