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Hornby Bay Basin
Mountain Lake Project
Dismal Lake Project
Kendall River Property
Athabasca Basin
Athabasca Overview
Pasfield Lake Project
Stony Road Project
Mann Lake Project
West Carswell Project
Wollaston NE Project
Riverlake/Highrock
Alaska
Boulder Creek Project
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Stony Road Project Location The Stony Road Property is in the northeastern part of the Athabasca Basin in northern Saskatchewan. It is on the northern extension of Highway 905, approximately 40 kilometres northeast of, and along strike from, the Company's Pasfield Lake property. It is approximately 75 kilometres northwest of operating uranium mines at McClean Lake and Rabbit Lake, which are just east of the service hub of Points North on Highway 905. Size The Property originally consisted of 15 contiguous mineral claims covering a total area of 73,996 hectares. The property has been reduced to two key claims covering 10,545 hectares. Ownership Triex has earned a 60% undivided interest in the property from Magnum Uranium Corp. Triex is the Operator for a 60/40 Joint Venture with Magnum Uranium Corp. Current Exploration Program and Budget A $500,000 dollar winter diamond drill program was completed on the property in March, 2009. Approximately $2 million has been spent on the Property to date. The highest priority target was drill-tested in 2009: a conductor identified near Forsythe Lake by an airborne MEGATEM II survey and confirmed by a ground-based transient magnetotelluric survey (AMT), positioned on the western margin of a distinctive regional magnetic high, and near the inferred trace of the regional Cable Bay shear zone. Two vertical holes were completed on the main target west of Forsythe Lake, for a total of 1,300 metres. The unconformity was intersected at depths of around 600m, consistent with regional data. The target airborne and ground electromagnetic conductor was confirmed by prospective metapelitic gneiss, both graphitic and pyritic, intersected in the basement. Chlorite alteration was in sandstone throughout Hole 1; localized but pervasive clay alteration was intersected in Hole 2 sandstone. Drill holes were radiometrically probed using a down-hole Mount Sopris 2PGA-1000 poly-gamma probe; there were no continuous zones of significant radioactivity encountered. The significance of the hydrothermal alteration, and possible follow-up drilling, will be evaluated once geochemical data are in hand for uranium, and the key pathfinder elements. 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. 2008 Exploration Drilling planned for the fall of 2008 on the Stony Road property was delayed until the winter of 2009, in order to carry out a more cost-effective winter program using a skid-mounted drill, and no helicopter support. 2007 Exploration Drilling in 2007 by Triex at the nearby Pasfield Lake property confirmed the presence of a basement uplift feature with more than 600 metres of vertical relief. The uplift feature is at the core of a prominent, eight kilometer in diameter magnetic low that is anchored by the regional, Cable Bay shear zone. The Stony Road property is anchored by the same regional structure, some 40 km northeast along strike (see basin-scale magnetic intensity map). Triex advanced the Stony Road Property based on the newly identified exploration potential at Pasfield Lake, and refined exploration model for the Cable Bay shear zone, and associated magnetic features. Work included a 3-D Full Tensor gravity gradient airborne survey of 3,158 line-kilometres, which complimented the MEGATEM airborne electromagnetic survey completed by Magnum in 2006. A ground-based transient magnetotelluric survey (AMT) comprising three 15 km long north-south transect lines was carried out in the fall of 2007, concurrent with a regional surface geochemical sampling program of till along the AMT lines. Follow-up geophysical surveying (AMT) was done on three, closely spaced east-west lines 5 km long over the MEGATEM II conductor west of Forsythe Lake in the southwestern part of the property. |
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