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Re: News Release - Thursday, January 24, 2008
2008 Hornby Bay Exploration Program
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Vancouver, BC - Triex Minerals Corporation (TXM-TSX.V) ("Triex" or the
"Company") and Pitchstone Exploration Ltd. (PXP-TSX.V)("Pitchstone")
are pleased to announce a $3.1 million exploration program for 2008 in
the Hornby Bay Basin, Nunavut. The 50:50 joint venture between Triex
and Pitchstone (the "Joint Venture") continues to actively explore four
properties in the basin, which include the Mountain Lake uranium
deposit. This year's drilling program is primarily designed to test for
additional deposits in the district.
A $3.1 million budget for 2008 has been formally approved by the Joint
Venture. The program includes 5,000 metres of
Diamond drilling in
eighteen holes to evaluate untested targets at Dismal Lakes, Helmut
fault area, Jenny Lake and Kendall River (property and target location
maps are available on the Company's website at www.triexminerals.com).
The program will also include a continuation of resistivity surveys,
which proved effective in 2007.
Construction of an ice airstrip, and re-opening of the Kirwan Lake camp
are scheduled for early-mid April, with drilling to start in late
April. All drill holes will be radiometrically probed using a down-hole
Mount Sopris 2PGA-1000 poly-gamma probe. Geochemical samples of core
will be processed at the Saskatchewan Research Council Geoanalytical
Laboratories in Saskatoon. A partial digestion preparation and
fluorimetric XRF analysis will be used, with a check by total digestion
preparation and ICP analytical finish.
The Mountain Lake deposit contains the only identified uranium resource
in the Hornby Bay Basin (Inferred Mineral Resource of 8.2 million
pounds U3O8, with an average grade of 0.23% U3O8 contained in 1.6
million tonnes of rock; see NI 43-101 Technical Report on SEDAR). The
tabular, stratabound deposit is exposed at surface at it's southwestern
end and dips less than ten degrees to the northeast. It is located
approximately 100 kilometres southwest of the coastal community of
Kugluktuk.
Triex is operator of the Joint Venture. Dr. Allan Armitage, Ph.D.,
P.Geo., 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 Hornby Bay 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 three proven districts across North
America. Twelve projects span grass roots reconnaissance exploration to
advanced-stage resource delineation. The Company's exploration budget
for 2008 is $6.4 million with 15,000 metres of drilling planned on six
different properties.
TRIEX MINERALS CORPORATION
"Michael Gunning"
Michael Gunning, President
The TSX Venture Exchange does not accept responsibility for the
adequacy or the accuracy of this release. Not for dissemination to
United States newswire services or for dissemination in the United
States.
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Copyright (c) 2008 TRIEX MINERALS CORPORATION (TXM) All rights
reserved. For more information visit our website at
http://www.triexminerals.com/ or send mailto:info@triexminerals.com
Message sent on Thu Jan 24, 2008 at 8:23:18 AM Pacific Time
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