TRDM (.011) Trend Mining Announces Results from Diabase Peninsula Drilling
Friday, June 06 2008 9:33 AM, EST
PR Newswire "US Press Releases "
HILTON HEAD, S.C., June 6 /PRNewswire-FirstCall/ -- Trend Mining Company (Pink Sheets: TRDM) is pleased to announce that its joint venture partner, Nuinsco Resources Limited (TSX: NWI) today released analytical results from the first nine holes of the most recent 17-hole diamond drill program at the Diabase Peninsula uranium project. The results returned a 24.25 metre interval of anomalous uranium mineralization peaking at 0.07% uranium (0.083% U3O8), as well as a number of other anomalous uranium results and other key indicator geochemistry demonstrating strong and widespread evidence of a mineralizing event capable of producing unconformity style uranium mineralization on the property.
"The winter 2007-2008 drill program tested four widely separated target areas within the previously identified primary target area. The results received to date confirm that one of these target areas comprises a zone of up to 400 meters in strike length which has very high potential for the occurrence of significant uranium mineralization," said Paul Jones, President of Nuinsco. "Additional assay results from this drill program are pending, as is a geophysical interpretation of a recently completed gravity survey that will help to target our next drill program. Elsewhere on the property other anomalous results remain to be followed-up and we are preparing for additional work."
The $2.5 million , 6,534 meter winter drilling program was conducted over 23 kilometers of strike along the prospective Cable Bay Shear Zone, a graphite and sulphide mineralized zone of deformed, permeable rock interpreted to be a prime exploration target. The occurrence of a number of factors commonly associated with uranium ore bodies in the Athabasca Basin, particularly in drill holes ND-07-04, ND-08-01 and ND-08-02, include:
-- strongly anomalous uranium mineralization over 24.25 meters, peaking at
707ppm (0.07%) uranium (in ND-08-01) at the unconformity, typical of
values at the margins of economic uranium deposits;
-- strongly anomalous arsenic, nickel, cobalt and base metals, commonly
occurring in association with uranium mineralization in the Athabasca
Basin;
-- abundant clay alteration (sericite and kaolin) associated with elevated
uranium values and indicative of the passage of potentially
mineralizing fluids; and,
-- a distinct boron anomaly within the overlying sandstone, a feature
characteristic of many uranium ore bodies in the Athabasca Basin.
Full drill results are available at www.nuinsco.ca , all analyses are conducted by the Saskatoon Research Council laboratory in Saskatoon.
The 21,900 hectare Diabase Peninsula Project, located approximately five kilometers north of the southern boundary of Saskatchewan's Athabasca Basin, has seen an ongoing, comprehensive, exploration program that comprises 28 widely spaced drill holes totaling 11,205 metres. Nuinsco is the operator, and currently owns an approximate 82% interest in the property and is partnered with the Company which owns an approximate 18% interest in the project. The project is being supervised by C.A. Wagg, Manager of Canadian Exploration for Nuinsco, who acts as a Qualifying Person under Canadian National Instrument 43-101.
About Trend Mining Company
Trend is a U.S.-based mineral exploration company. Trend currently has two projects in North America . One is the Diabase Peninsula Uranium Project more fully described in this news release. The second is the Lake Owen platinum-palladium-magnetite project where the Company holds 100% of approximately 12,000 acres of federal unpatented claims. The Lake Owen Complex is a steeply dipping extensive layered igneous intrusive complex with a lateral dimension of approximately four by six miles. Several zones hosting anomalous amounts of platinum and palladium have been traced and delineated by past sampling and drilling. Additionally, a large sub-ore grade magnetite resource is known on the site which has the potential to host economic concentrations of both titanium and vanadium.
Certain information in this press release may contain forward-looking statements. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. The Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to the Company. Additional information identifying risks and uncertainties is contained in filings by the Company which are available at www.sec.gov.
SOURCE Trend Mining Company
AI
