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| | Wed Oct 29, 2008
Targets Are Advanced As First Phase Drill Program Is Completed At Riverlake And Highrock Properties, Saskatchewan
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| | Vancouver, BC - Triex Minerals Corporation (TXM-TSX.V) (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"
Michael Gunning, President
For further information please contact Investor Relations at 604-687-6680 or info@triexminerals.com The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this news release. |
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