Canadian company eyes uranium project

Photo: Trench Metals

Acquisition underway Vancouver-based Trench Metals Corp. has an-nounced it was granted an option to acquire 100 percent of the Higginson Lake Uranium project, in Canada’s Saskatchewan.

“The project covers an area of approximately 2312 hectares and is 52 kilometers northeast of the town of Stony Rapids, which is accessible by Highway 905 and 964. The Higginson Lake Uranium Project adjoins claims which host historic uranium reserves. The Higginson Lake Ura-nium Project host two historic drill indicated reserves, totaling 4,800,000 lbs of U308,” the company said in a statement.

Trench Metals Corp. has the right to earn a 100 percent interest from the Gorilla Lake uranium project which is also located in Saskatchewan, in the Athabasca uranium district.

“The Athabasca District is home to the highest grade of uranium deposits in the world. It accounts for 18% of global uranium production. The Gorilla Lake Project comprises nearly 7000ha in the Northern Mining District of Saskatchewan near the Shea Creek uranium deposit,” according to the statement.