Triex Minerals Corporation

Triex Minerals Corporation

April 25, 2007 12:37 ET

Triex Minerals Corporation: Targets Emerge and Drilling Is Planned for Wollaston NE Property, Saskatchewan

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 25, 2007) - Triex Minerals Corporation (TSX VENTURE:TXM) ("Triex") continues to advance early-stage targets within its portfolio of properties in the Athabasca Basin in northern Saskatchewan. The Company is pleased to provide an update on work to date on its adjoining Wollaston NE and Cochrane River properties. For property locations, visit the Company's website at

A winter ground geophysical program has been completed on the Wollaston NE and Cochrane River properties. Target delineation will continue in June with a four week surface program of mapping, prospecting and geochemistry. A first pass diamond drill program is planned for September-October to test the highest priority areas. This work will focus on the potential for near or at surface, basement-hosted, structurally controlled uranium within hydrothermally altered rock. Analogues include the Sue C deposit at McClean Lake and the Eagle Point deposit at Rabbit Lake.

The properties are located approximately 80 kilometres northeast of Cameco Corporation's Eagle Point Mine which is located at the northeastern edge of the Athabasca Basin (see Wollaston NE regional geology map). They are within the Wollaston-Mudjatic magnetic low transition zone, within which all of the major uranium deposits in the eastern Athabasca Basin occur (see "basin magnetic map"). Regional and property-scale geological, geophysical and remotely sensed data sets have been acquired from the public and private domain and integrated to highlight areas favourable for structurally controlled uranium deposition and concentration (see "Wollaston NE regional compilation map").

A winter geophysics program of ground-based resistivity surveys was completed in February. Three grids, totaling 36 line-kilometres, were surveyed by Patterson Geophysics Inc. of La Ronge, Saskatchewan. This work followed up DIGHEM V helicopter-borne electromagnetic surveys completed in January, 2006 over eight grids totaling of 4,751 line-kilometres (see news release dated January 19, 2006). See "index map for DIGHEM V surveys" which shows the location and a thumbnail view of the DIGHEM V magnetics, and the location of the ground-based resistivity grids. An extensive lake sediment geochemical program was completed in September, 2006. A total of 1,289 samples were collected (see "sample location map"). Sample density is approximately 1 sample per 1.5 square kilometres.

On the southern portion of the property (Cochrane River permits), 390 lake sediment samples were collected. There are three key anomalies. The northeast multi-element anomaly has two samples from two adjacent lakes with 10.6 and 11.7 ppm uranium respectively (approximately three times background in the survey area); both samples are also elevated in molybdenum, vanadium and copper anomalies. The samples form a north-south trend, oblique to the northeast-southwest regional grain of map units and structures. The central anomaly comprises five samples which range from 10.1 to 14.6 ppm uranium and form an east-west trend along five adjacent lakes, oblique to the northeast-southwest regional grain of map units and structures. The southern anomaly, or target, is defined by a set of five linear conductors with an aggregate width of two to three kilometres and strike length of about 10 kilometres parallel to the regional grain (western portion of Grid Area F shown on the "index map for DIGHEM V surveys"). The conductors are truncated and offset by east-west linear features. The host rocks in this area are fertile for uranium as nine uranium occurrences are known in the area. Areas of conductor offset and/or truncation are the focus for re-mobilized and structurally-controlled uranium concentrations along faults.

On the northern portion of the property (Wollaston NE permits), 899 lake sediment samples were collected, four DIGHEM V grids were flown, and two resistivity ground surveys were completed. The Block A target is the farthest to the northeast. Offsets in a 9 kilometre trend of a 1-2 kilometre wide belt of sub-parallel conductors are the target. Block B farther along strike to the southwest comprises an 18 kilometre long belt of disrupted conductors within a prominent magnetic low. The two ground-based resistivity surveys were located over offsets and/or truncations of conductors in Blocks A and B (see "index map for resistivity surveys"). Block C is at Kingston Lake where regional, northeast-trending conductors are offset along a north-south oriented linear. An east-west isoclinal fold structure outlined by high resolution magnetic data is also truncated along the north-south linear. The targets on Block D south of Bannock Lake are offset zones along two sub-parallel conductors less than one kilometre apart and about five kilometres long. Two of the three single highest lake sediment samples from the regional survey of more than 1,200 samples are just to the northwest of the conductors; they contain 73 and 52 ppm uranium respectively. One sample to the south of the conductors contains 31 ppm uranium, approximately ten times background for the survey area.

The Wollaston NE Property originally comprised six Prospecting Permits covering 184,475 hectares under a joint venture between Triex (51%) and Roughrider Uranium Corp. (49%). Roughrider was acquired by Hathor Exploration Limited in 2006 (see Hathor news release dated August 10, 2006). Following Saskatchewan regulations, staking of five mineral claims within the permit holding has been completed and filed (see "property claim map"). The total area has been reduced to 15,173 hectares.

The Cochrane River Property originally comprised two permits covering 67,480 hectares which adjoin the southern boundary of the Wollaston NE Property. Triex has the option to earn up to a 70% interest in the Cochrane River property from Uranerz Energy Corporation (see November 9, 2005 news release for a summary of the agreement). Following Saskatchewan regulations, staking of seven mineral claims within the permit holding has been completed and filed (see "property claim map"). The total area has been reduced to 28,012 hectares.

Triex is the Operator on the Wollaston NE and Cochrane River properties.

Ross McElroy, P.Geo., Exploration Manager 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 Triex 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 currently focused on uranium opportunities in North America. The company is working in three proven districts, advancing eight main projects which span grass roots reconnaissance exploration to advanced-stage resource delineation. The 2007 exploration budget is $8.7 million.


Michael Gunning, President

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.

Contact Information

  • Triex Minerals Corporation
    Michael Gunning
    (604) 687-6680
    (604) 687-1448 (FAX)