TMC:CC - Trench Metals Announces Exploration Plans for Carter Lake Uranium Project
(TheNewswire)
Vancouver, Canada - TheNewswire - October 11, 2023 - Trench Metals Corp. (the“ Company ”) (TSXV: TMC ) , ( FWB: 33H2) is pleased to announce its detailedexploration plan for the Carter Lake Uranium Project. Theexploration program at the Carter Lake Uranium Project has beenthoughtfully divided into two distinct phases, each aimed atmaximizing the project's potential and ensuring accurate geologicalmapping. The comprehensive program aims to unlock the project's fullpotential and provide valuable insights into the region's geologicalfeatures. The Company is committed to executing a meticulouslyplanned and environmentally responsible exploration program.
Phase One: Airborne MTSurvey
The first phase of the program involves conducting anairborne Magnetotelluric (MT) survey. This state-of-the-art surveytechnique will accurately map basement depths and geological featuresboth at the unconformity and within the basement rocks. MT surveys arerenowned for their effectiveness in penetrating subsurface layers,with a range of several kilometers. This technology offers superbresolution, enabling us to identify faults, contacts, and geologicaldomains with precision.
Phase Two: DiamondDrilling
Following the completion of the MT survey, the programwill move on to its second phase, which entails diamond drilling. Thisphase aims to test the two primary target zones, TZ1 and TZ2, both atthe unconformity and within the basement. The program will involve twosetups, each with three 600-meter drill holes, totaling 3600 meters ofdrilling. This strategic approach will provide valuable core samplesfor in-depth analysis.
The Company is actively in the process of securing anexperienced exploration team to spearhead these phases of the program.The selection process will prioritize expertise and a commitment toenvironmental responsibility.
The Company is dedicated to maintaining transparentcommunication with its shareholders as the timing of the program'sexecution is determined. Regular updates will be provided to ensurethat our investors remain well-informed throughout the explorationprocess.
As part of our corporate responsibility, the Companyemphasizes environmental stewardship and community collaboration. Weare committed to conducting our exploration activities in anenvironmentally responsible manner, adhering to all relevantregulations and guidelines. Moreover, we will work closely with localcommunities to ensure that our operations are conducted with respectand consideration for their interests and concerns.
The Company is excited about the potential that theCarter Lake Uranium Project holds and is confident that thisexploration program will pave the way for a successful future inuranium resource development.
For further updates and information, please visit theTrench Metals website at www.trenchmetals.com .
Qualified Person
Dr. Peter Born, P.Geo., is the designated qualifiedperson as defined by National Instrument 43-101 and is responsiblefor, and has approved, the technical information contained in thisrelease.
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 mineralexploration opportunities. Our main goal is the advancement of variousprojects from discovery all the way to production. This verticallyintegrated strategy allows Trench Metals to achieve exceptionalshareholder value through the entire life-cycle of the miningprocess.
Trench Metals Corp . owns the Carter Lake Uranium Projectwhich spans over 691 hectares on the western flank of the AthabascaBasin, strategically positioned within the Carter Lake Corridor, asubstantial structural feature that runs parallel to the renownedPatterson Lake Corridor – home to mineralization control points forNexGen's Rook 1 deposit and Fission Uranium's PLS deposit. TrenchMetals also has the right to acquire a 100%interest in two highly prospective uranium project in Saskatchewan’sAthabasca Uranium district. The Higginson LakeUranium Project which covers an area of approximately 5900hectares and is 52 kilometers northeast of the town of Stony Rapids,which is accessible by Highway 905 and 964. The Higginson Lake UraniumProject host two historic drill indicated reserves, totaling 4,800,000lbs of U308.* T he Spreckley Lake Uranium Projectwhich 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 ofuranium deposits in the world and accounts for 18% of global uraniumproduction.
* The historical mineral resourceestimate presented above uses categories that do not conform tocurrent Canadian Institute of Mining, Metallurgy and PetroleumDefinition Standards on Mineral Resources and Mineral Reserves asoutlined in National Instrument 43-101. A qualified person has notdone sufficient work to classify the estimate as a current mineralresource and as such the Company is treating it as a historicalresource estimate. Readers are cautioned that the historical mineralresource estimate does not mean or imply that economic deposits existon the Higginson Lake Uranium Project.
For further information, contact the Company at info@trenchmetals.com or 604.558.4300, or visitthe Company’s website at www.trenchmetals.com .
On behalf of the Board,
Trench Metals Corp.
Simon Cheng, President
Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in policiesof the TSX Venture Exchange) accepts responsibility for the adequacyor accuracy of this release.
This news release may containcertain “Forward-Looking Statements” within the meaning of theUnited States Private Securities Litigation Reform Act of 1995 andapplicable Canadian securities laws. When or if used in this newsrelease, the words “anticipate”, “believe”, “estimate”,“expect”, “target, “plan”, “forecast”, “may”,“schedule” and similar words or expressions identifyforward-looking statements or information. These forward-lookingstatements or information may relate to the planned development of theCarter Lake Uranium Project and other factors or information. Suchstatements represent the Company’s current views with respect tofuture events and are necessarily based upon a number of assumptionsand estimates that, while considered reasonable by the Company, areinherently subject to significant business, economic, competitive,political and social risks, contingencies and uncertainties. Manyfactors, both known and unknown, could cause results, performance, orachievements to be materially different from the results, performanceor achievements that are or may be expressed or implied by suchforward-looking statements. The Company does not intend, and does notassume any obligation, to update these forward-looking statements orinformation to reflect changes in assumptions or changes incircumstances or any other events affecting such statements andinformation other than as required by applicable laws, rules andregulations.
Copyright (c) 2023 TheNewswire - All rights reserved.