TMC:CC - Trench Metals Summer Work Program at Higginson Lake Uranium Project Athabasca Canada
(TheNewswire)
Vancouver, Canada– Thenewswire - May 24 th , 2022 - Trench Metals Corp . (the“ Company ”) (TSXV: TMC ) ( FWB: 33H2 ) announces that the Company has engaged Grander Exploration toconduct the Company’s summer exploration program at it’s HigginsonLake Uranium Project. The Company willundertake a detailed prospecting survey at the Higginson Lake UraniumProject, located in northern Saskatchewan. The survey team will mapsurface radiometric anomalies utilizing state of the artscintillometers. In addition, the Company will, where appropriate,drill outcrops, boulders, and prospective bedrock with Shaw drills.The purpose of the survey is to confirm and expand historic uraniummineralization, its extent and grade.
Work is expected to commence shortly after spring breakup. The Company will provide updates on the timing of its work plansas they become 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. 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.
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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