Triex Minerals Corporation
TSX VENTURE : TXM

Triex Minerals Corporation

January 16, 2006 18:32 ET

Triex and Full Metal Boulder Creek Uranium Deposit-2006 Drill Programs

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 16, 2006) -

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Triex Minerals Corporation (TSX VENTURE:TXM) ("Triex") and Full Metal Minerals Ltd. (TSX VENTURE:FMM) ("Full Metal") are pleased to announce that all results have been received from the surface mapping and sampling program completed in September 2005 at the Boulder Creek uranium deposit in Alaska. Several new geochemical anomalies have been identified. These results suggest potential extensions along strike to the existing deposit, as well as potential new deposits along the same granite-sandstone contact.

Planning is currently underway for a 3,000 metre drill program including geophysical probing at Boulder Creek. The six week drilling program is scheduled to commence in early March, with a second phase drilling program anticipated for the summer of 2006. The deposit and the Joint Venture Agreement between Triex and Full Metal Minerals are summarized in a press release dated September 28, 2005.

The September surface program at Boulder Creek included geological mapping and prospecting, ground scintillometer mapping, and grid based geochemistry totaling 38 line-kilometres covering a strike length of approximately nine kilometres. A total of 1,180 samples were collected and analyzed. The newly identified geochemical anomalies suggest potential extensions to the deposit to the south, east and northeast. Additionally, four new areas with multi-element geochemical anomalies covering a strike length of approximately nine kilometres were identified. Several of the anomalies are larger in area and stronger in terms of element abundances than the base-line data collected over the known extent of the current Boulder Creek deposit.

The Boulder Creek deposit is located in the southeastern Seward Peninsula, Alaska, 160 km northeast of Nome, and 47 km north of the coastal village of Elim. The exploration property is 2500 hectares. Triex and Full Metal will jointly manage and conduct exploration at the Boulder Creek Project. Additionally, the companies have a strategic alliance to explore for uranium deposits throughout Alaska. The 2006 drilling program will be managed by David Pawliuk, P.Geo., a qualified person as defined by NI 43-101. Mr. Pawliuk also managed the 2005 program. Samples from the 2005 program were shipped in sealed bags to Alaska Assay Labs in Fairbanks for preparation, and forwarded to SRC Labs in Saskatoon, Saskatchewan or Acme Analytical Labs in Vancouver, B.C. for analysis. Quality assurance/quality control programs are in place.

Content of this release has been reviewed and approved by Robert McLeod, P.Geo., Vice President Exploration of Full Metal and Michael Gunning, P.Geo., President of Triex; both are Qualified Persons as defined by NI43-101.

Full Metal Minerals is primarily focused on Alaska. The company has recently made a high-grade gold discovery at its 100% owned Lucky Shot Property, is exploring the Aleutian Island land package with partner Metallica Resources, exploring the Ganes Creek Gold Property with partner Fury Explorations and advancing the Pebble South Copper/Gold property.

Triex is a Canadian junior exploration company focused on uranium opportunities in three separate districts in North America. Seven main projects span grass roots reconnaissance exploration to advanced-stage resource delineation. For further information, including property locations, visit the Triex website at www.triexminerals.com.

TRIEX MINERALS CORPORATION

Michael Gunning, President


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Contact Information

  • Triex Minerals Corporation
    Michael Gunning
    President
    (604) 687-6680
    (604) 687-1448 (FAX)
    www.triexminerals.com