TMC:CC - Trench Metals Identifies High-Value Drill Targets at Gorilla Lake Uranium Project Athabasca Canada
(TheNewswire)
Vancouver, Canada– TheNewswire - September 5 th , 2022- Trench Metals Corp . (the “ Company ”)(TSXV: TMC ) , ( FWB: 33H2 ) (OTC: NVTQF ) has identifiedthree high-value drill targets at its Gorilla Lake Uranium Project.All targets are characterized by surface uranium anomalies concurrentwith fault structures, which were interpreted through an analysis ofgeophysical datasets. To test these targets, the Company has devised adiamond drill program consisting of up to nine 400m NQ2 holes for atotal of 3600m. Road access to the targets is good and should requireonly minimal disturbance. The Company is preparing a permitapplication in support of the program.
The Company will provide updates on the development ofdiamond drill program as they come available.
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 . has the right to acquire a 100% interest in two highlyprospective uranium project in Saskatchewan’s Athabasca Uraniumdistrict. The Higginson Lake Uranium Projectwhich 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 hosts twohistoric drill indicated reserves, totaling 4,800,000 lbs of U308.* T he Gorilla Lake Uranium Project whichcomprises of nearly 7000 hectares in the Northern Mining District ofSaskatchewan near the Shea Creek uranium deposit. The AthabascaDistrict is home to the highest grade of uranium deposits in the worldand accounts for 18% of global uranium production
*The historical mineral resourceestimate presented above used 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 historical estimate as a currentmineral resource and as such the Company is treating it as ahistorical resource estimate. Readers are cautioned that thehistorical mineral resource estimate does not mean or imply thateconomic deposits exist on the Project.
Dr. Peter Born, P.Geo., is the designated qualifiedperson as defined by NationalInstrument 43-101 and is responsible for, andhas approved, the technical information contained in thisrelease.
For further information, contact the Company at info@trenchmetals.com , or visit theCompany’s website at www.trenchmetals.com .
On behalf of the Board,
Trench Metals Corp.
Simon Cheng, Chief Executive Officer
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 development of theHigginson Lake Uranium Project and other factors or information. Such statements represent the Company’s current views with respectto future events and are necessarily based upon a number ofassumptions and estimates that, while considered reasonable by theCompany, are inherently subject to significant business, economic,competitive, political and social risks, contingencies anduncertainties. Many factors, both known and unknown, could causeresults, performance, or achievements to be materially different fromthe results, performance or achievements that are or may be expressedor implied by such forward-looking statements. The Company does notintend, and does not assume any obligation, to update theseforward-looking statements or information to reflect changes inassumptions or changes in circumstances or any other events affectingsuch statements and information other than as required by applicablelaws, rules and regulations.
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