KELOWNA, BC, April 17 /CNW/ - Trigon Uranium Corp. (TSX-V:TEL) today
announced it has recently completed the staking of 127 additional mining
claims at its Henry Mountains uranium project in south eastern Utah. In order
to establish an optimal drill program Trigon carried out geological analysis
and calculation of estimated drilling depths to uranium-bearing sandstone
horizons. Based on these studies, Trigon concluded that additional land in the
area should be acquired. The new staking increases the area controlled by
Trigon over the projected possible extension of the neighbouring Bullfrog
uranium deposits, which are scheduled for production in 2008.
Trigon's Henry Mountains property is located adjacent to the Bullfrog and
Tony M uranium deposits of Denison Mines Corp. These deposits reportedly host
more than 20 million pounds of U3O8. Trigon's main exploration target is the
possible extension of these deposits and the new claims are located along the
projected northwest trend of the Bullfrog deposits. With the addition of the
new claims the Henry Mountains Project now comprises 929 mining claims and
three Utah State leases totalling approximately 20,000 acres. The Henry
Mountains drill program is expected to commence in late May of this year.
Trigon Adds to Golden, Colorado Uranium Exploration and Development Team
Mr. John Nelson of Denver, CO has joined Trigon's exploration and
development team. Mr. Nelson has more than 24 years experience of exploration
for uranium and other minerals. From 1968 to 1975 he was Project Geologist
involved in uranium exploration for Rocky Mountain Energy Co. Between 1975 and
1977 he was Vice-President and Manager of the domestic uranium exploration
program of Freeport Exploration Co. As District Geologist for Energy Fuels
Nuclear Corp. between 1975 and 1983 he was involved in compiling that
company's portfolio of uranium properties in the western United States.
Mr. Nelson will assist Trigon in due diligence in respect of the acquisition
of uranium mining properties in the United States Southwest.
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".
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includes certain statements that may be deemed "forward-looking statements".
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forward-looking statements. Although the company believes the expectations
expressed in such forward-looking statements are based on reasonable
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actual results or developments may differ materially from those in the
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materially from those in forward looking statements include market prices,
exploitation and exploration successes, and continued availability of capital
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are cautioned that any such statements are not guarantees of future
performance and actual results or developments may differ materially from
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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: firstname.lastname@example.org; Jeanny
So, Broker Relations Specialist, CHF Investor Relations, Tel: (416) 868-1079
x225, Email: email@example.com