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Trench Metals Expands Uranium Asset Portfolio with Option on Spreckley Lake Uranium Project
(TheNewswire) Vancouver, BC - TheNewswire - July 23, 2023 - Trench ...
About this update from Patterson Metals Corp.
[{"type":"text","content":"Trench Metals Expands Uranium Asset Portfolio with Option on Spreckley Lake Uranium Project\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Vancouver,\n \n \n BC\n \n \n -\n \n \n TheNewswire\n-\n \n \n July 23,\n2023 -\n \n \n Trench\n \n \n Metals Corp.\n \n \n (the\n“\n \n \n Company\n \n \n ”)\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 )\n \n \n is pleased to announce that it has been\ngranted an option (the “\n \n \n Option\n \n \n ”) to acquire the Spreckley Lake\nUranium Project, a promising addition to its portfolio of uranium\nassets. The Spreckley Lake Project covers an expansive area of 1,385\nhectares in northern Saskatchewan, strategically located adjacent to\nSkyharbour Resources' Pluto Bay Project. The Option marks a\nsignificant development in the growth strategy for the Company,\nfurther strengthening its' position in the uranium exploration\nsector.\n \n \n \n \n The Spreckley Lake Uranium Project has long been\nrecognized as a region of exceptional mineralization potential. The\nProject's geological setting, adjoining the Black Lake Fault—a\nlarge-scale regional structure located west of the Project\nboundary—makes it a highly prospective exploration area for uranium\ndeposits.\n \n \n \n \n Exploration activities at the Spreckley Lake Project\ndate back to the 1950s, during which several distinct uranium\noccurrences were identified. Notably, these include the B-1, H-1, and\nH-3 showings, as well as the M-1, M-7, M-13, M-15, M-17, and M-39\nUranium Zones. In 1967, a preliminary historical resource estimate*\nwas reported, indicating 141,000 tons grading 0.073% U3O8 over an\naverage width of 11.1 feet (3.4 meters) using a cut-off grade of 0.04%\nU3O8 or 72,700 tons grading 0.13% U3O8 over a width of 6.7 feet (2.0\nmeters) using a cut-off grade of 0.07% U3O8 (Minfile 1749).\n \n \n \n \n Radioactive mineralization has been identified for\nseveral kilometres along the east shore of the southwest bay of\nSpreckley Lake. The area is underlain by radioactive white pegmatites\nintercalated within a series of granite-intruded meta-sediments\nadjacent to a foliated granite mass. Radioactivity is in the form of\nuraninite within biotite crystals, often accompanied by quartz. All\nsignificant radioactive zones occur i...