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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: Exploration Update

08/04/2008 3:00pm

Marketwired Canada


Triex Minerals Corporation (TSX VENTURE:TXM) (the "Company") continues to
actively evaluate and advance its portfolio of projects and is pleased to
provide an update of its current 2008 exploration programs. Property details and
location maps are available on the Company's website at www.triexminerals.com.


Hornby Bay Basin Projects, Nunavut

The Company and Pitchstone Exploration Ltd. (PXP.V) have started $3.1 million
program for 2008 in the Hornby Basin. The 50:50 joint venture properties are
anchored by the Mountain Lake uranium deposit which is located 100 kilometres
southwest of the coastal community of Kugluktuk, Nunavut.


Opening up of the Kirwan Lake camp is underway, and construction of the ice
landing strip has begun.


First-pass drilling of the Mountain Lake uranium deposit was completed during
2006 and 2007 and this year's drilling program is primarily designed to test for
additional deposits in the district.  Mobilization of the drill and crew to
carry out the 5,000 metre program of diamond drilling is planned for the third
week in April.  This program includes eighteen holes to evaluate untested
targets at Dismal Lakes, Jenny Lake, Kendall River and the Helmut fault area. 
Resistivity surveys, which effectively mapped stratigraphy in 2007, will be
carried out prior to the start of the drill program.


Mann Lake, Saskatchewan

The third hole of a 3,200 metre program (two holes were completed in December,
2007) is currently being drilled to test a fixed-loop EM conductor that occurs
on the east-west structure that transects the Mann Lake property.  Holes
MN06-002 and MN06-005 which intersected elevated boron, and clay-altered
Athabasca Group sandstone, are located farther to the east along this structure.
 The fourth and final hole will follow-up more closely the clay alteration
intersected in hole MN06-002 (see photos at www.triexminerals.com).


The property is located 25 kilometres southwest of Cameco Corporation's McArthur
River mine. The Company acts as Operator of the Joint Venture with Consolidated
Abbadon Resources Ltd. (ABN.V) and holds a 60% interest in the property.


Pasfield Lake, Saskatchewan

Ground geophysics which started in January is expected to be completed within
the next two weeks.  Approximately 70 line-kilometres of ground-based transient
magnetotelluric surveys (AMT) have been carried out.  Lines completed in 2007
have been extended, and additional infill lines have been completed.  Forward
modeling of airborne gravity was also completed.  Together, this work has
successfully defined the eastern margin of the uplift block which is similar in
geometry to the western margin, and is equally prospective.


This geophysics has increased significantly the length of conductors and
associated shear zones on the property that warrant drill testing.  The
Company's originally planned winter drill program on Pasfield Lake has been
postponed until a suitable drilling contractor can be secured.


The Company has a 70% joint venture interest in the property with Thelon
Ventures Ltd. (THV.V)


Riverlake - Highrock, Saskatchewan

A major ground geophysical program which commenced in December on the Riverlake
and Highrock properties located on the southern margin of the Athabasca Basin is
nearly complete.  Cutting of more than 200 line-kilometres, on four different
grids, and ground electromagnetic ("EM") surveying of three grids is complete. 
The fourth grid is expected to be completed by the end of the month.


Targets are near-surface, basement-hosted uranium associated with conductive
shear zones.  Soil geochemistry is planned for summer to help prioritize targets
along extensive folded and faulted conductors that were defined by the current
geophysics program.  A 2,500 metre first-pass drill program is planned for the
fall of 2008.  The properties were recently optioned from Raytec Development
Corporation (see news release dated November 20, 2007).


Dr. Allan Armitage, Ph.D., P.Geo., VP Exploration, is a Qualified Person as
defined by National Instrument 43-101, and is responsible for program design and
quality control of exploration undertaken by the Company. This release has been
reviewed by Dr. Michael Gunning, Ph.D., P.Geo., President of the Company 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.  The 2008 exploration budget of $6.4 million will be expended
primarily on six of the Company's thirteen projects which span grass roots
reconnaissance exploration to advanced-stage resource delineation.


TRIEX MINERALS CORPORATION

Michael Gunning, President

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