Trench Metals Advances Exploration at Carter Lake Uranium Project with Induced Polarization Survey
NEWS RELEASE
TRENCH METALS ADVANCES EXPLORATION AT CARTER
LAKE URANIUM PROJECT WITH INDUCED POLARIZATION
SURVEY
Vancouver, Canada – February 15 th, 2024 – Trench Metals Corp. (the “Company”) (TSXV: TMC,
FWB: 33H2) is pleased to announce that it is in the process of permitting an Induced Polarization
(IP) survey at its wholly-owned Carter Lake Uranium Project, covering several kilometers of the
Carter Lake corridor. This strategic move is aimed at delineating and refining diamond drilling
targets along the Carter Lake corridor, which runs parallel to the Patterson Lake Corridor—a control
zone for the Arrow and PLS discoveries. The IP survey will play a pivotal role in enhancing our
understanding of the project's geology, providing valuable data for future exploration activities.
The Carter Lake corridor, known for its geological significance, presents a compelling opportunity
for uranium exploration. By employing cutting-edge IP survey technology, the Company aims to
precisely map subsurface features, enabling the identification of high-potential drilling targets. This
data will be analyzed in conjunction with radiometric and radon gas data, as well as other
geophysical datasets, enhancing the accuracy and efficiency of our exploration strategy.
Simon Cheng, President of the Company, commented on the significance of this development,
stating, "The initiation of the Induced Polarization survey at Carter Lake marks a crucial step forward
in our exploration efforts. This state-of-the-art survey technique will provide us with a detailed
subsurface understanding, allowing us to refine our drilling targets and unlock the full potential of
the Carter Lake Uranium Project. We are committed to employing cutting-edge technologies to
drive our exploration success."
Trench Metals remains dedicated to the highest environmental standards in its exploration
activities. The company places a strong emphasis on responsible mining practices, ensuring that
all operations adhere to stringent environmental protocols. Furthermore, Trench Metals actively
collaborates with local communities and Indigenous groups, fostering positive relationships and
incorporating traditional knowledge into its exploration processes.
The Company's commitment to environmental stewardship and community engagement
underscores its dedication to conducting exploration activities in a sustainable and socially
responsible manner. Trench Metals values the partnerships it has built with local communities and
indigenous groups and recognizes the importance of responsible resource development.
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For further updates and information, please visit the Trench Metals website at
www.trenchmetals.com.
Qualified Person
Dr. Peter Born, P.Geo., is the designated qualified person as defined by National Instrument 43-
101 and is responsible for, and has approved, the technical information contained in this release.
About Trench Metals Corp
Trench Metals Corp. is a mineral exploration company with a focus on uranium. We create value
for our shareholders by engaging in promising mineral exploration opportunities. Our main goal is
the advancement of various projects from discovery all the way to production. This vertically
integrated strategy allows Trench Metals to achieve exceptional shareholder value through the
entire life-cycle of the mining process.
Trench Metals Corp. owns the Carter Lake Uranium Project which spans over 691 hectares on
the western flank of the Athabasca Basin, strategically positioned within the Carter Lake Corridor,
a substantial structural feature that runs parallel to the renowned Patterson Lake Corridor – home
to mineralization control points for NexGen's Rook 1 deposit and Fission Uranium's PLS deposit.
Trench Metals also has the right to acquire a 100% interest in two highly prospective uranium
project in Saskatchewan’s Athabasca Uranium district. The Higginson Lake Uranium Project which
covers an area of approximately 5900 hectares and is 52 kilometers northeast of the town of Stony
Rapids, which is accessible by Highway 905 and 964. The Higginson Lake Uranium Project host
two historic drill indicated reserves, totaling 4,800,000 lbs of U308.* The Spreckley Lake Uranium
Project which comprises of 1385 hectares in northern Saskatchewan, strategically located adjacent
to Skyharbor's Pluto Bay Project. The Athabasca District is home to the highest grade of uranium
deposits in the world and accounts for 18% of global uranium production.
*The historical mineral resource estimate presented above uses categories that do not conform to current
Canadian Institute of Mining, Metallurgy and Petroleum Definition Standards on Mineral Resources and
Mineral Reserves as outlined in National Instrument 43-101. A qualified person has not done sufficient work
to classify the estimate as a current mineral resource and as such the Company is treating it as a historical
resource estimate. Readers are cautioned that the historical mineral resource estimate does not mean or
imply that economic deposits exist on the Higginson Lake Uranium Project.
For further information, contact the Company at [email protected] or 604.558.4300, or visit
the Company’s website at www.trenchmetals.com.
On behalf of the Board,
Trench Metals Corp.
Simon Cheng, President
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
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This news release may contain certain “Forward-Looking Statements” within the meaning of the
United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities
laws. When or if used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”,
“target, “plan”, “forecast”, “may”, “schedule” and similar words or expressions identify forward-
looking statements or information. These forward-looking statements or information may relate to
the planned development of the Carter Lake Uranium Project and other factors or information. Such
statements represent the Company’s current views with respect to future events and are
necessarily based upon a number of assumptions and estimates that, while considered reasonable
by the Company, are inherently subject to significant business, economic, competitive, political and
social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause
results, performance, or achievements to be materially different from the results, performance or
achievements that are or may be expressed or implied by such forward-looking statements. The
Company does not intend, and does not assume any obligation, to update these forward-looking
statements or information to reflect changes in assumptions or changes in circumstances or any
other events affecting such statements and information other than as required by applicable laws,
rules and regulations.