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Triex Minerals and Full Metal Minerals: 2007 Alaska Program
Completed - New Uranium Mineralization Discovered at Fireweed
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Vancouver, BC - Triex Minerals Corporation (TXM-TSX.V) ("Triex") and
Full Metal Minerals Ltd. (FMM-TSX.V) ("Full Metal") are pleased to
provide an update for their $1.5 million 2007 summer exploration
program for Alaska. First-pass drilling at the Boulder Creek uranium
deposit was completed, and concurrent regional exploration discovered
new uranium mineralization, named the Fireweed occurrence, located to
the north in Death Valley.
The Boulder Creek uranium deposit is located in the southeastern Seward
Peninsula, Alaska, 47 kilometers north of the coastal village of Elim
and 160 kilometers east of Nome. For location maps see the company's
website at www.triexminerals.com.
The regional program focused on two areas with strong airborne
radiometric anomalies, and geologic settings similar to that of the
Boulder Creek deposit. A total of 120 line-kilometers and 1790 soil
samples were collected at McCarthy Marsh located 30 kilometres west of
Boulder Creek, and 22 line-kilometres and 230 soil samples were
collected over the new Fireweed occurrence located 25 kilometres north
along-strike from Boulder Creek. A ground magnetic susceptibility
survey was completed over the entire McCarthy Marsh grid, and a portion
of the Fireweed grid. Detailed mapping and scintillometer prospecting
were done in both areas. A total of 129 biogeochemical samples were
also collected from these two grid areas.
Fireweed
Maps and pictures of the new Fireweed occurrence can be viewed on the
company's website at www.triexminerals.com. Uranium content ranges from
0.14% to 0.81% U308 in twenty one rock samples collected from three
main areas spanning the nearly two kilometer length of the occurrence.
These data confirm the 0.82% U308 value obtained from the single sample
collected during a brief site visit in 2006. More than 300 sub-angular
radioactive pebbles of silica-hematite rock have been identified from
130 mapped sites which cover an area of approximately 1,800 metres long
east-west by 700 metres wide north-south. All pebbles read >500 counts
per second on an SRAT SPP2 NF scintillometre. Average radioactivity is
about 4,500 counts per second, with 34 pebbles reading greater than
15,000 counts per second. The grid of 230 soil samples at Fireweed
produced numerous anomalies which overlap the area of mapped
radioactive pebbles, and extends more than 1,000 metres to the
southwest, with values of up to 145 ppm U in soil.
Fireweed is a low-relief area covered by felsenmeer (weathered outcrop)
of various intrusive lithologies, including green feldspar porphyry and
beige aplite. It is on the eastern flanks of a ridge crest of coarser
grained quartz syenite that produced a strong airborne radiometric
anomaly (anomaly BC 12) identified from the Company's regional survey
completed in 2006.
A quick, first-pass drill test was done at Fireweed in September
following completion of the main drill program at the Boulder Creek
deposit. Five short drill holes were completed for a total of 267
metres. Overburden in four of five holes was only 1.5 metres thick.
Quartz syenite is predominant, and in all five holes there is lesser
feldspar that locally reads 2 -- 3 times background radioactivity.
Brick red hematite-silica zones similar in appearance to the pebbles
mapped on surface were observed in Hole 5 and were five times
background radioactivity. Geochemical results from core samples from
the five holes are pending.
The new discovery at Fireweed warrants extensive and detailed follow-up
surface work and diamond drilling in 2008. The extent of mineralized
rocks on surface at Fireweed is far greater than at Boulder Creek, as
is the extent and concentration of uranium in soil. Further, the
airborne radiometric anomaly in adjacent granite ridges is stronger,
and larger at Fireweed compared to the anomaly at Boulder Creek.
Boulder Creek
Diamond drilling in 2007 began at the Boulder Creek deposit.
Delineation and in-fill drilling at the deposit that was started in
2006 was completed, and the southern end of the nine kilometer long
belt of geochemical anomalies associated with the deposit was tested.
Eight holes were completed for a total of 890 metres. No new and
continuous zones of significant radioactivity were intersected.
Boulder Creek is the largest known uranium deposit in Alaska. It was
discovered by Houston Oil and Minerals (later Tenneco Mineral Company),
hosted within Tertiary-aged sandstone peripheral to a Late Cretaceous
alkalic quartz monzonite intrusion. Drilling of 51 holes between 1979
and 1981 outlined some 1,000,000 pounds of U3O8 at an average grade of
0.27% U3O8, and average thickness of three metres, with depths of
mineralization ranging from surface to 120 metres (Economic Geology,
Volume 82, 1987, pp. 1558-1574). Drilling in 2006 confirmed the
encouraging grade and thickness attributes for the deposit (0.317% U3O8
over 6.0 metres in DV06-54, including 0.867% U3O8 over 2.0 metres, and;
0.317 % U3O8 over 2.0 metres within 5.0 metres of 0.1647 % U3O8 in Hole
DV06-64). Although both rigorous and published, Triex does not treat
the historical estimate as compliant with NI 43-101. It should not be
relied upon. Triex has not completed the work necessary to certify the
estimate and it's classification.
Rock and soil samples for the 2007 program were submitted to the
ALS-Chemex Laboratories facility in Fairbanks, Alaska, for preparation.
Chemical analyses were completed at the ALS-Chemex laboratories in
North Vancouver, British Columbia, and Winnemucca, Nevada.
Biogeochemical samples were processed and analyzed by Acme Analytical
Labs Ltd. of Vancouver, British Columbia. Diamond drill holes were
probed with a Mount Sopris 2PGA-1000 poly-gamma probe.
Triex is earning into an Option and Joint Venture Agreement with Full
Metal Minerals Ltd. (details provided in the September 28, 2005 news
release). Beyond property-specific work at Boulder Creek and McCarthy
Marsh, the two companies have a strategic alliance to pursue uranium
opportunities throughout Alaska.
Triex's Alaska uranium exploration program continues to be managed by
David Pawliuk, P.Geo., a Qualified Person as defined by NI 43-101.
Content of this release has been reviewed and approved by Robert
McLeod, P.Geo., Vice President Exploration of Full Metal and Michael
Gunning, Ph.D., P.Geo., President of Triex; both are Qualified Persons
as defined by NI 43-101.
Triex is a Canadian junior mineral exploration company currently
focused on uranium opportunities in three separate districts in North
America. Nine main projects span grass roots reconnaissance exploration
to advanced-stage resource delineation, with a 2007 exploration budget
of approximately $8.7 million. Drilling was completed in all three
districts this summer, and is ongoing in the Athabasca Basin.
Full Metal is a generative exploration company with twelve active
projects in Alaska and one in the Yukon Territory. The company
currently has six active Joint Venture Agreements. Drill Results are
expected shortly from the high grade 40 Mile Zinc-Lead-Silver Project,
the Lucky Shot Gold Project, CJ Gold Project, Inmachuk Zinc-Lead-Silver
Project, as well as the Boulder Creek Uranium Project.
TRIEX MINERALS CORPORATION
"Michael Gunning"
Michael Gunning, President
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the content of this news
release.
650 West Georgia Street, Suite 1410, Vancouver, British Columbia V6B
4N8 Telephone: 604-687-6680 Facsimile: 604-687-1448
www.triexminerals.com
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Copyright (c) 2007 TRIEX MINERALS CORPORATION (TXM) All rights
reserved. For more information visit our website at
http://www.triexminerals.com/ or send mailto:info@triexminerals.com
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