Triex Minerals Corporation

Triex Minerals Corporation

November 14, 2007 11:25 ET

Triex Minerals Corporation: Athabasca Basin Update

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 14, 2007) - Triex Minerals Corporation (TSX VENTURE:TXM) ("Triex" or the "Company") is pleased to provide an update on the recent exploration activities on it's Pasfield Lake and Mann Lake properties located in the Athabasca Basin in northern Saskatchewan. For property location maps, please visit the Company's website at

Drilling continues on the Company's core properties in the center of the eastern corridor of the Athabasca Basin, the world's premier district for high-grade uranium deposits.

A fence of four holes was designed to test the regional shear zone that bounds the western margin of the basement uplift block which underlies northern Pasfield Lake. Three of the four holes were completed for a total of 995 metres during the six week drill program. Reinforcing the mineral potential of the property, the Athabasca Group sandstone, commonly bleached and highly altered, is pervasively fractured and completely broken from the top to bottom in all three holes, indicative of intense faulting. Prospective geology at Pasfield Lake is associated with ground conditions that make for very difficult drilling and the fourth hole was not attempted due to scheduling difficulties. The Company is currently assessing alternative drilling techniques and/or equipment in order to more effectively explore the uplift block when drilling resumes in January.

Upon the completion of the Pasfield Lake program, the drill was moved to the Company's Mann Lake property located 25 kilometres southwest of McArthur River. Drilling is currently underway on the first of four holes planned for a total of 3,200 metres. Two of the holes are located near hole MN06-002 (completed in September 2006) which intersected 90 metres of intensely fractured, strongly bleached, and locally pervasively illite-altered sandstone at the base of the Athabasca Group (see photos at The remaining two holes will test a second target area on the property. The Mann Lake area continues to be active where Cameco Corporation carried out extensive drilling this past summer to follow up basement-hosted mineralization discovered in 2006 near the eastern border of Triex's Mann Lake property.

Dr. Alan Armitage, Ph.D., P.Geo., Vice President of Exploration at Triex, 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 in the Athabasca Basin. 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 is a Canadian junior mineral exploration company focused on uranium opportunities in North America. The company is working in three proven districts, advancing nine core projects which span grass roots reconnaissance exploration to advanced-stage resource delineation. The 2007 exploration budget is $8.7 million.


Randy Turner, Director

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Contact Information

  • Triex Minerals Corporation
    Randy Turner
    (604) 687-6680
    (604) 687-1448 (FAX)