Trend Mining Announces Results from Diabase Peninsula Drilling
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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'sAthabasca 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
John Ryan, Chief Financial Officer, Trend Mining Company, +1-843-263-1169
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