TMC:CC - Trench Metals Identifies Exploration Targets at Carter Lake Uranium Project
(TheNewswire)
Vancouver, Canada - TheNewswire - October 3, 2023 - Trench Metals Corp. (the “ Company ”) (TSXV: TMC ) ( FWB: 33H2 ) is pleased to provide anexploration update for its wholly-owned Carter Lake Uranium Projectsituated on the west side of the Athabasca Basin.
A examination of the VTEM (Versatile Time Domain Electromagnetic) datahas unveiled multiple potential exploration targets. The identifiedtargets are predominantly characterized as either conductive zones(graphite-bearing zones) at the basement level or alteration systemsnear the unconformity. Notably, these conductors exhibit strongalignment with radon gas anomalies present within the Carter LakeCorridor, a significant regional scale structure. This structure runsparallel to the renowned Patterson Lake corridor, known for hostingsubstantial uranium discoveries. These include significant depositslike the Triple R Deposit owned by Fission Uranium and the ArrowDeposit under Nexgen Energy.
From the findings, a total of twelve conductive Target Zones (TZ) havebeen spotlighted. Based on a combination of factors including responsestrength, strike angle, strike length, and magnetic analysis, TZ-2 andTZ-4 have been earmarked as the highest priority. Specifically, theirstrike angle is consistent with fold axes or faulting, they boast alonger strike length, and they are in proximity to magnetic lows andareas of discontinuities in the magnetic high.
The Company remains committed to responsible exploration practices andenvironmental stewardship throughout its operations. The Companyadheres to all applicable regulations and standards, ensuring that itsactivities are conducted with utmost care for the environment andlocal communities.
For further updates and information, please visit the Trench Metalswebsite at www.trenchmetals.com .
Qualified Person
Dr. Peter Born, P.Geo., is the designated qualified person as definedby National Instrument 43-101 and is responsible for, and hasapproved, 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 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 Uranium Project whichcovers an area of approximately 5900 hectares and is 52 kilometersnortheast of the town of Stony Rapids, which is accessible by Highway905 and 964. The Higginson Lake Uranium Project host two historicdrill indicated reserves, totaling 4,800,000 lbs of U308.* T he Spreckley Lake Uranium Project which comprises of 1385 hectares in northern Saskatchewan, strategically locatedadjacent to Skyharbor's Pluto Bay Project . TheAthabasca District is home to the highest grade of uranium deposits inthe world and accounts for 18% of global uranium production.
* 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.
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