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Share Name | Share Symbol | Market | Type |
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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 | |
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0.00 | 0.00% | 0 | - |
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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1 Month Triex Minerals Corp Com Npv Chart |
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