DENVER, Sept. 15, 2004 (PRIMEZONE) -- Trend Mining Company (OTCBB:TRDM) is pleased to announce that it has staked mining claims totaling approximately 10 square kilometers (appx. 4 square miles) in the Athabasca Basin of Saskatchewan. The new land position is located along the western margin of Cree Lake and is situated along the Mudjatik Domain-Virgin River Break, a major structure believed to control the location of important uranium occurrences in the Athabasca Basin.
Saskatchewan's unconformity-type uranium deposits are among the richest in the world. Such deposits occur at the paleo-horizon (unconformity) between underlying Proterozoic basement rocks and overlying sandstones of the Athabasca Formation. The basement rocks often contain structures and horizons bearing graphite. The graphite horizons in turn are believed to control uranium deposition and may also serve as a guide to such mineralization during geophysical prospecting from the surface.
The Cree Lake area acquired by Trend is known to contain hydrothermally altered boulders of sandstone and is staked along an important basement structure thought to control uranium deposition elsewhere on strike. The altered boulders of sandstone, indicative of potential uranium mineralization, are considered a pathfinder for exploration purposes. Trend Mining intends to conduct surface geological and geochemical studies along with geophysical surveys before locating drill targets. It is expected that drilling may occur perhaps as early as the summer of 2005.
In other news, the Company announced that Mr. Kurt Hoffman had resigned from the Board of Directors. Mr. Hoffman had served as past President and was a Director for six years. Mr. Hoffman is presently engaged in other exploration activities in the United States and has decided to devote his full time to the start-up of a new exploration company. Trend acknowledges Mr. Hoffman's past contributions and dedication and wishes him well in his new endeavors.
Trend Mining Company is a U.S. based exploration company that has 100% ownership and large land position at two North American precious metals properties with potential for hosting significant metal deposits containing platinum, palladium, gold and other metals.
Throughout this press release there are forward looking statements and assumptions made by management within the meaning of Section27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and are subject to the safe harbor created by those sections. Factors that could cause results to differ materially from those projected are, but not limited to, adverse price fluctuations of underlying metals, the company's ability to acquire and develop properties, competition from larger more established companies, the ability to finance future acquisitions and projects, and governmental regulation. Trend Mining Company believes that the projects it has entered into and those it will enter into show promise, but there can be no guarantee of that. This press release is for informational purposes only and should not be construed as an offer to solicit, buy, or sell any security.