KELOWNA, BC, April 10 /CNW/ - Trigon Uranium Corp. ("Trigon" or the
"Company") (TSX-V:TEL) today announced its 2007 program for its 12,000 acre
Wray Mesa uranium property located in the La Sal uranium district of South
East Utah. The aim of the program is to quickly prioritize areas of the
property for drilling later this year. The exploration targets, which are in
close proximity to Denison Mines' producing Pandora Mine, are hosted by the
Salt Wash and Brushy Basin members of the Jurassic Morrison formation. The
Salt Wash sandstones of the United States have produced more than 85 million
pounds of U(3)O(8).
The program will start during May and will include radon surveys,
radiometric surveying, geochemical sampling, and geological mapping. The
acquired data will result in an optimal drilling program focusing on the
highest priority areas. The program will be centered around the known uranium
mineralization on the property. In 1969, Bokum Corporation ("Bokum") first
discovered uranium on the Wray Mesa property. Bokum intersected uranium
grading 0.13 to 0.15% in several holes close to the centre of the property.
The mineralization was encountered at an average depth of 230 ft below
The La Sal district is located approximately 30 miles southwest of Moab
in South East Utah. Significant uranium deposits occur in the sandstones of
the Salt Wash and Brushy Basin members of the Morrison Formation. Most of the
district's known uranium deposits were discovered in the 1960s and 1970s. To
date, the La Sal district has produced uranium at an average grade of 0.32%,
the highest average grade of any of the Salt Wash uranium districts. The Wray
Mesa property is located with its western boundary situated within 1/2 mile of
the Pandora uranium mine, the only active mine in the district where Denison
Mines Corp. commenced mining operations in 2006. To the east the Property is
adjoined by a property which hosts three known uranium deposits. Trigon
entered into a Lease and Option Agreement to acquire the Wray Mesa property
from Future Energy LLC, a Utah company in December 2006.
About Trigon Uranium Corp.
Trigon Uranium Corp. is a uranium exploration and development company
focused on the known deposits of the south-western United States, a region
that has produced over one billion pounds of uranium. Trigon has a
highly-qualified team of uranium exploration experts to direct its efforts at
its Marysvale, Henry Mountains and Wray Mesa projects of southern Utah, and
elsewhere in North America. Trigon also operates a portfolio of high potential
diamond exploration properties within a wholly-owned subsidiary, Trigon
Diamond Corporation Ltd. Trigon has 52,212,956 shares outstanding and its
stock trades on the TSX Venture Exchange under the symbol "TEL".
Should you wish to receive Company news via email, please email ana@
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The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release. This release
includes certain statements that may be deemed "forward-looking statements".
All statements in this release, other than statements of historical facts,
that address future developments that the company expects to occur, are
forward-looking statements. Although the company believes the expectations
expressed in such forward-looking statements are based on reasonable
assumptions, such statements are not guarantees of future performance and
actual results or developments may differ materially from those in the
forward-looking statements. Factors that could cause actual results to differ
materially from those in forward looking statements include market prices,
exploitation and exploration successes, and continued availability of capital
and financing and general economic, market or business conditions. Investors
are cautioned that any such statements are not guarantees of future
performance and actual results or developments may differ materially from
those projected in the forward-looking statements. The Company does not assume
any obligation to update or revise its forward-looking statements, whether as
a result of new information, future events or otherwise.
For further information:
For further information: please visit www.trigonuraniumcorp.com or
contact: Sidney Himmel, President and Chief Executive Officer, Trigon Uranium
Corp., Tel: (250) 317-3624, Email: email@example.com; Jeanny
So, Broker Relations Specialist, CHF Investor Relations, Tel: (416) 868-1079
x225, Email: firstname.lastname@example.org