TMC:CC - Trench Metals Conducts Technical Review of Carter Lake Uranium
(TheNewswire)
Vancouver, Canada - TheNewswire - September 20, 2023 - Trench Metals Corp. (the “Company”) (TSXV: TMC ) ( FWB: 33H2 ) announces itsongoing review of technical datasets from the Company's wholly ownedCarter Lake Uranium Project. Situated on the prolific west side of theAthabasca Basin, this project holds immense promise for contributingto a cleaner, greener energy future. The comprehensive review includesgeophysical and geological data, and notably, ground-sourced radon gasemission data—an essential vector for detecting the presence ofuranium. These efforts will yield well-defined exploration targets,providing a clear path forward for upcoming programs.
In an era marked by a growing global commitment to environmentalsustainability, uranium has taken center stage as a crucial element inthe transition to a cleaner power grid. This year has seen a notableuptick in uranium prices, reflective of heightened interest andinvestment in the sector. As the world takes significant steps towardsa more sustainable and environmentally responsible energy landscape,nuclear power is poised to play an essential role.
Commenting on the rising prominence of uranium, Simon Cheng, Presidentand CEO of the Company, stated, “We are truly excited about therecent acquisition of the Carter Lake Uranium Project, strategicallylocated on the highly prospective west side of the Athabasca Basin.The surge in uranium prices this year is indicative of the heightenedglobal awareness and commitment to cleaner energy sources. At TrenchMetals, we firmly believe that nuclear power will be a cornerstone inthe transition towards a greener world power supply.”
The ongoing review of technical datasets at the Carter Lake UraniumProject aligns perfectly with the Company's strategic vision. TheCompany is committed to advancing its uranium projects, leveraging itsexpertise and resources to unlock their full potential in support of asustainable energy future.
The Company remains committed to responsibleexploration practices and environmental stewardship throughout itsoperations. The Company adheres to all applicable regulations andstandards, ensuring that its activities are conducted with utmost carefor the environment and local communities.
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 Project which spansover 691 hectares on the western flank of the Athabasca Basin,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 intwo highly prospective uranium project in Saskatchewan’s AthabascaUranium district. The Higginson Lake UraniumProject which covers an area of approximately 5900 hectares and is 52kilometers northeast of the town of Stony Rapids, which is accessibleby Highway 905 and 964. The Higginson Lake Uranium Project host twohistoric drill indicated reserves, totaling 4,800,000 lbs of U308.* T he Spreckley Lake Uranium Project whichcomprises of 1385 hectares in northernSaskatchewan, strategically located adjacent to Skyharbor's Pluto BayProject . The Athabasca District is home to thehighest grade of uranium deposits in the world and accounts for 18% ofglobal uranium production.
* Thehistorical mineral resource estimate presented above uses categoriesthat do not conform to current Canadian Institute of Mining,Metallurgy and Petroleum Definition Standards on Mineral Resources andMineral Reserves as outlined in National Instrument 43-101. Aqualified person has not done sufficient work to classify the estimateas a current mineral resource and as such the Company is treating itas a historical resource estimate. Readers are cautioned that thehistorical mineral resource estimate does not mean or imply thateconomic deposits exist on the Higginson Lake Uranium Project.
For further information, contact the Company at info@trenchmetals.com or604.558.4300, or visit the 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 and information other than asrequired by applicable laws, rules and regulations.
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