TMC:CC - Trench Metals Identifies New Radioactive Trend at Gorilla Lake Uranium Project
(TheNewswire)
Vancouver, Canada– TheNewswire - March 22 nd , 2022 - Trench Metals Corp . (the“ Company ”) (TSXV: TMC ) , ( FWB: 33H2 ), (OTC: NVTQF ) announces thatthe Company has completed its evaluation of its sampling andradiometric survey at the Gorilla Lake Uranium Project. The drill andsampling program produced a total of 65 samples which were analysed.Of those samples, 18 displayed strong radioactivity, over 1000 cps(counts per second), with a total of 63 samples measuring over 300cps. The highest sample was taken from a granitic boulder and measured4635 cps, with other highly anomalous samples from a drillholemeasuring 3400cps and a granitic boulder measuring 2852cps.
The majority of the samples were located on the easternshore of X-Ray Lake and at an outcrop located 2.5km to the northeast.The X-Ray Lake samples closely parallel a northeast trendingsubsurface conductor, with an extent of roughly 2km. The anomaliesidentified in this survey are considered significant as they mayrepresent an additional mineralization trend.
The radioactive readings were taken with RS-120 andRS-125 scintillometers, both of which are industry standard.
The Company is very pleased with the results of thisprogram, which confirms the presence of radioactive anomalies onsurface, and with similar values to what was encountered at the nearbyCluff Lake Mine. The Company will be adding this data to thesignificant historic database to guide future exploration.
Peter Born P.Geo., is the designated Qualified Personas defined by National Instrument 43-101 and is responsible for, andhas 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 vertically integrated strategy allows Trench Metals toachieve exceptional shareholder value through the entire life-cycle ofthe mining process.
Trench Metals Corp . has the right to acquire a 100% interest in two highlyprospective uranium project in Saskatchewan’s Athabasca Uraniumdistrict. 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 hosts two historicdrill indicated reserves, totaling 4,800,000 lbs of U308.* Andt he Gorilla Lake Uranium Project which comprisesof 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.
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 the GorillaLake 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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