ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for monitor Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.

TXM Triex Minerals Corp Com Npv

0.00
0.00 (0.00%)
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: Targets Are Advanced as First Phase Drill Program is Completed at Riverlake and Highrock Properties,

29/10/2008 4:45pm

Marketwired Canada


Triex Minerals Corporation (TSX VENTURE:TXM) (the "Company") has completed it's
final program for 2009, and is pleased to provide an update on the recently
completed, first phase drill program at the Riverlake and Highrock Properties in
northern Saskatchewan.


Location

The Riverlake and Highrock properties include eight mineral claims in two
groups, covering 31,762 hectares, located on either side of Highway 914 at the
southern margin of the Athabasca Basin, south of the Key Lake uranium mine. The
Company can earn up to a 70% interest in the property from Raytec Development
Corporation.


Drilling Completed

The Company's drilling program followed up on airborne EM and ground HLEM
surveys completed in 2007, which identified several conductors on the property.


Eight diamond drill holes were completed for a total of 2,039 metres. Two
conductors were tested on Riverlake, four holes (1,135 metres) on the A1 grid,
and two holes (454 metres) on the A3 grid. Two conductors were tested on
Highrock with two holes completed for 450 metres on the B1 grid. All drill holes
are inclined 70 degrees. Basement units are shallow to moderate east-dipping
such that unit widths in core approximate true thickness.


All, but one, drill holes were radiometrically probed using a down-hole Mount
Sopris 2PGA-1000 poly-gamma probe. A total of 521 core samples were taken for
geochemical analyses from the six drill holes on Riverlake, and 43 core samples
from the two drill holes on Highrock.


Results

Continuous and significantly anomalous and continuous radioactivity over widths
from 28 to 35 to 65 metres were discovered within locally intensely altered,
sheared and fault-brecciated basement rock of graphitic metapelite and pegmatite
in two drill holes which tested separate conductors on the A1 and A3 grids on
the Riverlake property. Depths of the intersections start at 67 metres.
Geological details, including photos of core and maps, of the intersections are
available on the Company's website at www.triexminerals.com.


These zones underscore the potential for new discoveries south of the Athabasca
Basin, in areas not previously drilled during historic exploration.


Follow-up

Follow-up drilling will be planned once all geochemical data from core and soil
samples are in hand and fully integrated with the Company's data information
system.


Samples

The Company conducted reconnaissance soil geochemistry and prospecting
concurrently with the drill program on both properties. A total of 1,012 soil
samples were collected, 591 on the Riverlake property, including 78 and 67
samples respectively from the A1 and A3 grids, and 521 on the Highrock property.


All soil and rock (drill core) geochemical samples are being 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.


Dr. Charlie Harper, P.Geo., Chief Geologist at Triex, is a Qualified Person as
defined by National Instrument 43-101, and is responsible for quality control of
exploration undertaken by the Company in Saskatchewan. 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

1 Year Triex Minerals Corp Com Npv Chart

1 Year Triex Minerals Corp Com Npv Chart

1 Month Triex Minerals Corp Com Npv Chart

1 Month Triex Minerals Corp Com Npv Chart

Your Recent History

Delayed Upgrade Clock