Business
Trench Metals Acquires Rights to Higginson Lake Uranium Project
(TheNewswire) Vancouver, Canada - TheNewswire – October 17 ...
About this update from Patterson Metals Corp.
[{"type":"text","content":"Trench Metals Acquires Rights to Higginson Lake Uranium Project\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n Vancouver, Canada\n-\n \n \n TheNewswire\n \n \n – October 17\n \n \n Th\n \n \n , 2021 -\n \n \n Trench\n \n \n Metals Corp\n \n \n .\n \n \n (the\n“\n \n \n Company\n \n \n ”) (TSXV:\n \n \n TMC\n \n \n )\n \n \n (\n \n \n FWB:\n \n \n 33H2\n \n \n ) announces that\nit has been granted an option to acquire 100% of the Higginson Lake\nUranium Project, in Athabasca, Saskatchewan.  The project covers an\narea of approximately 2312 hectares and is 52 kilometers northeast of\nthe town of Stony Rapids, which is accessible by Highway 905 and 964.\n The Higginson Lake Uranium Project adjoins claims which host\nhistoric uranium reserves.  The Higginson Lake Uranium Project host\ntwo historic drill indicated reserves, totaling 4,800,000 lbs of\nU308.\n \n \n \n \n Mineralization at Higginson Lake is thought to be\ncontrolled by the Black Lake Fault, a northeast striking regional\nfault that transects the Athabasca Basin. Previous exploration at\nHigginson Lake has identified twelve historic showings. Significantly,\nthe Corrigan Lake Showing, located 389m north of Corrigan Lake, was\nexplored by trenching and diamond drilling by Dee Exploration Ltd.,\nwhich published in the Northern Miner a historical drill indicated\nreserve of 2,000,000 tons grading greater than 0.1% U3O8, or\n4,400,000lbs U3O8. (Saskatchewan Mineral Deposit Index File 1656). In\naddition, Palmor Industries identified a drill indicated reserve of\n200,000 tons, averaging 2lbs/ton U3O8 at the Higginson Lake Showing,\n550m northwest of the Corrigan Lake Showing, this being an additional\n400,000 lbs of U3O8. (Saskatchewan Mineral Deposit Index File\n1744).\n \n \n \n \n The historical mineral resource estimates presented\nabove used categories that do not conform to current CIM Definition\nStandards on Mineral Resources and Mineral Reserves as outlined in\nNational Instrument 43-101.  A qualified person has not done\nsufficient work to classify any of the historical estimates as current\nmineral resources and as such the Company is treating them as\nhistorical resource estimates. Readers are cautioned that the\nhistorical mineral resource estimates do not mean or imply that\neconomic deposits exist on the Project.\n \n ...