/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES/
KELOWNA, BC, Nov. 8 /CNW/ - Trigon Uranium Corp. (TSX-V:TEL; "Trigon" or
the "Company") is pleased to announce the results for the first four drill
holes on its Henry Mountains project in southern Utah. All four holes
intersected uranium mineralization, including one strongly mineralized hole.
The Henry Mountains property is located immediately west of the Bullfrog and
Tony M uranium deposits of Denison Mines Corp. and the Frank M uranium deposit
of Uranium One Inc.
The four drill holes intersected uranium mineralization in the lower unit
of the Salt Wash sandstones of the Morrison formation. The stratigraphic
location of the uranium mineralization is consistent with the location of
mineralization in the neighbouring uranium deposits. Further, greenish sands
and mudstones containing pyrite were observed in the lower Salt Wash
sandstones. These indicate a chemically reduced environment, which is critical
in the formation of sandstone uranium ores.
The following table summarizes the results of the first four drill holes.
Only those intervals exceeding 0.01% equivalent uranium are shown.
Hole Depth to base Thickness Grade
Number (Feet) (Feet) (eU(3)O(8)%)
HM07-03 1395.5 3.5 0.100
incl. 1394 0.5 0.221
HM07-01 1360 1.0 0.015
1370 1.0 0.097
1395 0.5 0.013
1408 0.5 0.011
HM07-04 1373 1.5 0.039
incl. 1374 1 0.050
In addition to the above, anomalous uranium mineralization at 10 times
normal background levels was encountered in drill hole HM07-02. This hole
intersected 12 feet of 0.005% eU(3)O(8) at a depth of 1,407 feet corresponding
to the same stratigraphic location as the mineralization in the other three
The results to date support Trigon's belief that the known mineralized
trends extend onto its Henry Mountains property. An analysis of historical
data(1) from the Bullfrog deposits revealed that the distribution of
mineralization in the Company's first four drill holes is consistent with the
mineralization of these neighbouring deposits.
Sidney Himmel, President and CEO of Trigon stated: "The Henry Mountains
program is off to a very good start. We set out to prove with this program
that uranium occurs on our property by testing for down-dip extensions of the
known mineral trends. The presence of uranium on our property has now been
The current program's 10 drill holes are located in two target areas.
Four holes totalling 6,080 feet have been completed in the first target area,
which is located approximately 6,500 feet west of the Denison Mines Corp.
property boundary. Holes in this area were drilled at a spacing of
250-600 feet. Drilling of the remaining six holes is ongoing in the second
target area. This area is centered within 2,000 feet of Trigon's eastern
property boundary on a projection of the Indian Bench-Copper Bench mineral
trend. Drill holes in this area will be spaced approximately 750 feet apart on
a fence perpendicular to the projected trend.
The technical information in this news release has been reviewed by
Mr. Stuart Havenstrite, CPG, Technical Advisor to the Company and a Qualified
Person as defined in National Instrument 43-101. Drilling on Trigon's Henry
Mountains property is carried out by Diversified Drilling LLC of Missoula, MT.
Gamma logging for equivalent uranium grades is performed by Century
Geophysical Corp. ("Century") of Tulsa, Oklahoma using a Century-built 9057
logging tool. The tool is calibrated for k-factor and deadtime using U.S.
Department of Energy test pits. Century's Compu-Log software is used for
calculation of equivalent uranium grades.
(1) The historical data was summarized prior to the introduction of
National Instrument 43-101 and therefore should not be depended upon
by shareholders and is not depended upon by Trigon. Trigon has used
this general historic information to assist with evaluation of broad
geological conditions related to uranium mineralization in the Henry
About Trigon Uranium Corp.
Trigon Uranium Corp. is a uranium exploration and development company
focused on the known deposits of the United States Southwest. This region has
produced over one billion pounds of uranium. Trigon has a highly qualified
team of uranium exploration experts located in Canada, Utah, and Colorado to
direct its exploration and development efforts in the United States South
West. Trigon's strategies include the development of advanced uranium
projects, entry into uranium mining on an expeditious basis, and opportune
acquisitions of uranium development properties. The company has offices in
Kelowna (British Columbia) and Golden (Colorado). The company's shares trade
on the TSX Venture Exchange under the symbol "TEL".
Should you wish to receive Company news via email, please email
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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