Trench Metals Evaluating Dataset ON Gorilla Lake Uranium Property, Athabasca, Saskatchewan, Canada
NEWS RELEASE
TRENCH METALS EVALUATING DATASET ON GORILLA LAKE URANIUM
PROPERTY, ATHABASCA, SASKATCHEWAN, CANADA
Vancouver, Canada – December 13th, 2021 - Trench Metals Corp. (the “Company”) (TSXV: TMC,
FWB: 33H2) is pleased to announce that the Company is in the process of completing a detailed
evaluation of it’s updated exploration datasets on the Gorilla Lake Uranium Property, which
covers 6,949 hectares in the western Athabasca Basin. The intention of this evaluation is to build
on the Company’s recent exploration work to define and prioritize uranium exploration targets
and to design the spring 2022 field program. The 2021 program consisted of Shaw drilling of
prospective radioactive anomalies as well as surface investigation with advanced Scintillometers,
such as the Radiation Solutions RS125, which provides accurate real time analysis of gamma
radiation, a product of uranium decay. Previous exploration included airborne magnetic survey
and a MEGATEM as well as ground EM survey and diamond drilling. At present, the Company is
evaluating targets for a uranium deposit type, similar to the Cluff Lake Mine, which lies ~8km
south of the Gorilla Lake Property and produced approximately 62.5 million pounds of uranium
between 1980 and 2002.
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. has the right to acquire a 100% interest in two highly prospective uranium
project in Saskatchewan’s Athabasca Uranium district. Higginson Lake Uranium Project which
covers an area of approximately 2312 hectares and is 52 kilometers northeast of the town of
- 2 -
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. And the Gorilla Lake
Uranium Project which comprises of nearly 7000ha in the Northern Mining District of
Saskatchewan near the Shea Creek uranium deposit. The Athabasca District is home to the
highest grade of uranium deposits in the world and accounts for 18% of global uranium
production
For further information, contact the Company at [email protected], or visit the
Company’s website atwww.trenchmetals.com.
On behalf of the Board,
Trench Metals Corp.
Simon Cheng, Chief Executive Officer
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.
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 evaluation of data pertaining to the Gorilla Lake Uranium Property, the
development of a further work program for the Property, the anticipated timing for the
commencement of such a program, 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.