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TXM Triex Minerals Corp Com Npv

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Share Name Share Symbol Market Type
Triex Minerals Corp Com Npv TSXV:TXM TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Triex Minerals Corporation: 2008 Hornby Bay Exploration Program

24/01/2008 1:30pm

Marketwired Canada


Triex Minerals Corporation (TSX VENTURE:TXM) ("Triex" or the "Company") and
Pitchstone Exploration Ltd. (TSX VENTURE:PXP) ("Pitchstone") are pleased to
announce a $3.1 million exploration program for 2008 in the Hornby Bay Basin,
Nunavut. The 50:50 joint venture between Triex and Pitchstone (the "Joint
Venture") continues to actively explore four properties in the basin, which
include the Mountain Lake uranium deposit. This year's drilling program is
primarily designed to test for additional deposits in the district.


A $3.1 million budget for 2008 has been formally approved by the Joint Venture.
The program includes 5,000 metres of diamond drilling in eighteen holes to
evaluate untested targets at Dismal Lakes, Helmut fault area, Jenny Lake and
Kendall River (property and target location maps are available on the Company's
website at www.triexminerals.com). The program will also include a continuation
of resistivity surveys, which proved effective in 2007.


Construction of an ice airstrip, and re-opening of the Kirwan Lake camp are
scheduled for early-mid April, with drilling to start in late April. All drill
holes will be radiometrically probed using a down-hole Mount Sopris 2PGA-1000
poly-gamma probe. Geochemical samples of core will be processed at the
Saskatchewan Research Council Geoanalytical Laboratories in Saskatoon. A partial
digestion preparation and fluorimetric XRF analysis will be used, with a check
by total digestion preparation and ICP analytical finish.


The Mountain Lake deposit contains the only identified uranium resource in the
Hornby Bay Basin (Inferred Mineral Resource of 8.2 million pounds U3O8, with an
average grade of 0.23% U3O8 contained in 1.6 million tonnes of rock; see NI
43-101 Technical Report on SEDAR). The tabular, stratabound deposit is exposed
at surface at its southwestern end and dips less than ten degrees to the
northeast. It is located approximately 100 kilometres southwest of the coastal
community of Kugluktuk.


Triex is operator of the Joint Venture. Dr. Allan Armitage, Ph.D., P.Geo., is a
Qualified Person as defined by National Instrument 43-101 and is responsible for
program design and quality control of exploration undertaken by Triex in the
Hornby Bay Basin. This release has been reviewed by Dr. Michael Gunning, Ph.D.,
P.Geo., President of Triex and a Qualified Person as defined by National
Instrument 43-101.


Triex is a Canadian junior mineral exploration company currently focused on
uranium opportunities in three proven districts across North America. Twelve
projects span grass roots reconnaissance exploration to advanced-stage resource
delineation. The Company's exploration budget for 2008 is $6.4 million with
15,000 metres of drilling planned on six different properties.


TRIEX MINERALS CORPORATION

Michael Gunning, President

1 Year Triex Minerals Corp Com Npv Chart

1 Year Triex Minerals Corp Com Npv Chart

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1 Month Triex Minerals Corp Com Npv Chart