Triex Minerals Corporation

Triex Minerals Corporation

March 01, 2005 17:42 ET

Triex Minerals Corporation: Property Update and Permit Acquisition


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: TRIEX MINERALS CORPORATION

TSX VENTURE SYMBOL: TXM

MARCH 1, 2005 - 17:42 ET

Triex Minerals Corporation: Property Update and Permit
Acquisition

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 1, 2005) - Triex
Minerals Corporation (TSX VENTURE:TXM) (the "Company") and Roughrider
Uranium Corp. (a private British Columbia corporation) are pleased to
provide an update on its Old Fort Bay uranium project and announces the
acquisition of mineral prospecting permits in northeastern Saskatchewan.

Old Fort Bay Property, Alberta

A Fugro MEGATEM airborne survey covering a total of 2,924
line-kilometres, at 400 metre spacings, was recently flown on east-west
lines over the entire Old Fort Bay property. Preliminary data has
indicated several well defined EM conductors as well as major NE-SW
structures. The Old Fort Bay property was acquired in September 2004,
following a compilation of prospective exploration targets in the
western Athabasca Basin. Previous exploration during the 1970s on the
Old Fort Bay project, including drilling, intersected anomalous uranium
mineralization and gold values (see NR dated October 14, 2004). An
exploration program and budget which will include ground follow-up
geophysics and drilling is currently being compiled.

The Old Fort Bay property consists of 10 permits, totaling 87,040
hectares, centred approximately 50 kilometres northwest of the formerly
producing Cluff Lake mine in Saskatchewan. Triex has a 51% interest in
these permits and is the Operator.

Wollaston North-East Permits, Saskatchewan

Four (4) mineral prospecting permits (MPP), totaling 142,621 hectares,
were recently acquired and two (2) additional mineral prospecting
permits, totaling 42,080 hectares, are pending. Triex has a 51% interest
in the permits and Roughrider Uranium Corp. (a private British Columbia
corporation) has a 49% interest. Triex is the Operator on this project.

The Wollaston belt hosts a number of major uranium discoveries (eg:
Eagle Point and Rabbit Lake deposits). Previous exploration in the 1970s
discovered several occurrences of uraniferous boulders in the permit
area. The permits were acquired to cover the NE extension of the
Wollaston belt in Northeastern Saskatchewan.

Current exploration plans include a detailed airborne Geotem survey with
ground follow-up.

TRIEX MINERALS CORPORATION

Robert F. Weicker, Director

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Triex Minerals Corporation
    Robert F. Weicker
    Director
    (604) 687-6644
    (604) 687-1448 (FAX)
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    release.