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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: Athabasca Basin Winter Drill Programs Complete

22/05/2009 5:12pm

Marketwired Canada


Triex Minerals Corporation (TSX VENTURE:TXM) (the "Company") is pleased to
announce that it has recently completed the winter drill program on the Pasfield
Lake property in the eastern Athabasca Basin, Saskatchewan.


Property details, including ownership, location maps and results from previous
programs, are available on the Company's website at www.triexminerals.com.


Two vertical holes were completed on the property, for a total of 2,116 metres.
Both holes targeted the trace of the regional Cable Bay shear zone east of the
lake, and east of the basement uplift block discovered under the central part of
the lake during 2007 drill programs. Drill targets were the integration of
surface geochemical anomalies with geophysical features, including basement
conductors, gravity lows and changes in near-surface resistivity. Hole PF09-007
intersected the unconformity at 906 m, the "regional" depth of basement based on
historic drill holes northwest of the property.


This drilling confirms the presence of a major regional shear zone east of the
lake, and of hydrothermal fluids and extensive alteration along the structure.
This drilling also confirms the complexity of the graben structures between the
shear zone and the margin of the eight kilometre across basement uplift block
under the lake itself. Further drilling is required to adequately test for
uranium along the margins of the uplift block, and in the prospective but
complex graben areas, especially where shallow basement is indicated by AMT
geophysical surveys.


In Drill Hole PF09-007, iron staining and spotted hematite alteration was
throughout Athabasca Group sandstone (see photo on the Company's website).
Strong radioactivity (5 times background, and up to 600 cps) was measured over
an extensive width (40 metres) immediately above the unconformity. More than 20
metres of pervasive chlorite alteration in fault breccia was intersected in the
basement below the unconformity. In Drill Hole PF09-008, quartz and siderite
veins, veinlets and veinlet breccias were throughout Athabasca group sandstone
cover.


The significance of these results will be evaluated once geochemical data are in
hand for uranium, and the key pathfinder elements for unconformity-type uranium
deposits. 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. Drill holes were
radiometrically probed using a down-hole Mount Sopris 2PGA-1000 poly-gamma
probe.


The Pasfield Lake property remains a large and compelling exploration target,
encompassing a major basement uplift feature located on a major regional shear
zone, with strong surface geochemical anomalies and strongly altered and
radioactive rocks discovered in drill core on both sides of the lake, that is,
on both the eastern and western "arms" of the Cable Bay Shear zone. More
drilling is required to follow-up results to date and adequately test the strike
length of the key structural targets on the property.


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 Minerals Corporation is a Canadian junior mineral exploration company
currently focused on uranium opportunities in three proven districts across
North America.


TRIEX MINERALS CORPORATION

Michael Gunning, President

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