19:55:14 EDT Sat 18 May 2024
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USA
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Trench Metals Corp
Symbol TMC
Shares Issued 52,351,735
Close 2023-10-12 C$ 0.14
Market Cap C$ 7,329,243
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Trench Metals plans MT survey, drilling for Carter Lake

2023-10-12 10:52 ET - News Release

Mr. Simon Cheng reports

TRENCH METALS ANNOUNCES EXPLORATION PLANS FOR CARTER LAKE URANIUM PROJECT

Trench Metals Corp. has provided its detailed exploration plan for the Carter Lake uranium project. The exploration program at the Carter Lake uranium project has been thoughtfully divided into two distinct phases, each aimed at maximizing the project's potential and ensuring accurate geological mapping. The comprehensive program aims to unlock the project's full potential and provide valuable insights into the region's geological features. The company is committed to executing a meticulously planned and environmentally responsible exploration program.

Phase 1 -- airborne magnetotelluric (MT) survey

The first phase of the program involves conducting an airborne MT survey. This state-of-the-art survey technique will accurately map basement depths and geological features both at the unconformity and within the basement rocks. MT surveys are renowned for their effectiveness in penetrating subsurface layers, with a range of several kilometres. This technology offers superb resolution, enabling the company to identify faults, contacts and geological domains with precision.

Phase 2 -- diamond drilling

Following the completion of the MT survey, the program will move on to its second phase, which entails diamond drilling. This phase aims to test the two primary target zones, TZ1 and TZ2, both at the unconformity and within the basement. The program will involve two set-ups, each with three 600-metre drill holes, totalling 3,600 metres of drilling. This strategic approach will provide valuable core samples for in-depth analysis.

The company is actively in the process of securing an experienced exploration team to spearhead these phases of the program. The selection process will prioritize expertise and a commitment to environmental responsibility.

The company is dedicated to maintaining transparent communication with its shareholders as the timing of the program's execution is determined. Regular updates will be provided to ensure that the company's investors remain well informed throughout the exploration process.

As part of its corporate responsibility, the company emphasizes environmental stewardship and community collaboration. The company is committed to conducting its exploration activities in an environmentally responsible manner, adhering to all relevant regulations and guidelines. Moreover, the company will work closely with local communities to ensure that its operations are conducted with respect and consideration for their interests and concerns.

The company is excited about the potential that the Carter Lake uranium project holds and is confident that this exploration program will pave the way for a successful future in uranium resource development.

Qualified person

Dr. Peter Born, PGeo, 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 is a mineral exploration company with a focus on uranium. The company creates value for its shareholders by engaging in promising mineral exploration opportunities. The company's 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 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-per-cent interest in two highly prospective uranium project in Saskatchewan's Athabasca uranium district. The Higginson Lake uranium project covers an area of approximately 5,900 hectares and is 52 kilometres northeast of the town of Stony Rapids, which is accessible by Highway 905 and Highway 964. The Higginson Lake uranium project hosts two historic drill indicated reserves, totalling 4.8 million pounds of U308 (triuranium octoxide)*. The Spreckley Lake uranium project comprises 1,385 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 per cent of global uranium production.

* The historical mineral resource estimate presented herein 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.

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