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In the Business of Uranium Development
Trigon Uranium Corp. is an aggressive Uranium exploration and development company. Trigon focuses on advanced exploration properties and development properties. This provides for faster time lines to production compared to grass roots exploration. The properties are located in jurisdictions which are mining friendly, politically stable, and have predictable legal systems. The Company's two major Uranium properties, the Marysvale and Henry Mountians properties are located in the US South West, a region which has produced over one billion pounds of Uranium. The Company maintains a strong financial position and has no debt.
 Company Press Releases
Advanced Exploration and Development:
Trigon's corporate strategy is to focus on uranium advanced exploration and uranium property development. By focusing on advanced exploration and development Trigon can substantially increase the likelihood of success compared to grass roots exploration. While the probabilities of establishing mineral reserves in respect of grass roots exploration are very low, the probabilities of establishing mineral reserves in respect of advanced exploration and development properties are high. Trigon intends on further enhancing the success rate by implementing well though out strategies of growth and property portfolio diversification and growth.
A Business Approach:
Trigon is in the business of uranium development. Trigon is not undertaking individual risky ventures. Trigon view themselves as operating a portfolio of valuable assets. Trigon applies careful financial analysis using risk analysis and option valuation in their operating and financial decisions. Trigon leverages from the abilities of their senior management team in the geological applied sciences and finance.
Due Diligence:
Trigon has implemented a carefully controlled strategy to define the specific due diligence procedures they undertake prior to acquiring properties. The data resulting from their due diligence involving the geological, geochemical, and geophysical study of historical work done on properties being examined are used to develop decision trees as input into the determination of the valuation of properties under examination. According to Warren Buffet, he uses same methods when he looks at possible acquisitions. After the management has valued the properties, the management only acquires them if they are available at a reasonable cost, which is a percentage of what their value would be in Trigon's market capitalization.
Quality of Management:
Trigon works with teams of geologists and engineers who are highly experienced in uranium exploration and development and who have spent years working in the locales where they operate.
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The Marysvale project, Trigon's first uranium development asset, is located in the historic Uranium Marysvale Mining District in south-central Utah, approximately 300 kilometres south of Salt Lake City. Utah has been, and will again be a prolific producer of Uranium. The state is very mining friendly and the mining cost structure is very low thereby allowing for profitable uranium mining.
From 1952 to 1966, 275,000 tons of ore from the Marysvale Mining District, were mined and milled to produce 1,100,000 pounds of Uranium of U3O8. The average grade of the uranium ore was 0.22% U3O8 (4.4 lbs/ton). The producing mines were located in the district’s “Central Mining Area” and included the Bullion, Monarch, and Prospector mines. Trigon has secured a large land position, approximately 30 times the size of the Central Mining Area, immediately to the east of the old producing mines.
Exploration by Minex Uranium Company and Phillips Uranium Company prior to 1982 on the Marysvale property reported an estimated 1.8 Million lbs uranium mineralization within the central 1/3 of the property. Trigon has gained access to large amounts of Minex and Phillips exploration data and our uranium team is currently carrying out a two-phase work program with the aim to at least triple the reported historical resource.
Trigon's uranium team, led by Ian S. Thompson, has designed a two-stage work program which aims to at least triple the historical 1.8 Million lbs of U3O8 reported by Dr. Proctor based on the historic drilling on the property.
Phase 1A will consist of ground magnetic, resistivity and radiometric surveys, geologic mapping and geochemical surveys to identify argillic alteration zones, fossil hot-spring centers, fault zones and radiometric anomalies.
This will be followed by Phase 1B, a preliminary program of 6000 feet of vertical and inclined RC drilling to confirm uranium mineralization and zone geometry. The RC drilling will be augmented by 2000 feet of inclined, stratigraphic core drilling to characterize the known mineralized zones, to search for vertically-inclined vein mineralization and to provide samples for batch and pad leachability tests. The Phase 1 work is scheduled to commence in mid- to late August 2006 and is expected to last until the end of the year.
The preliminary plans for Phase 2 include approximately 100,000 feet of rotary drilling and 8000 feet of core drilling to outline uranium mineral inventory/resources. Preliminary base-line environmental surveys and in-situ leach (ISL) tests should be initiated at this stage. The results of Phase 1 will be integrated into the final plans for Phase 2, which is scheduled to start in Q1 2007.
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The Henry Mountains Project is a uranium exploration project in south eastern Utah. In September 2006, Trigon entered into a Lease and Option agreement to acquire two property blocks, Henry North and Henry South, totalling approximately 14,000 acres.
The project is located in a historic uranium mining area. Uranium in the region is hosted by the sandstones of the Salt Wash member of the Morrison formation. During past periods of uranium exploration several small mines were brought into production. Most of the mined deposits were small (<60,000 pounds U3O8) and located where the Salt Wash member outcrops at surface. In the mid-1970s, close to the end of the previous uranium exploration cycle, deeper exploration resulted in the discovery of several large uranium deposits in the southern end of the district, including the Tony M, Copper Bench and Indian Bench ore bodies now owned by International Uranium Corporation. The Henry Mountains Project is located immediately to the west of these ore bodies. Through 1978, the recorded production from the area amounted to 475,500 pounds U3O8 with some 1,694,100 pounds V2O5.
Terms of the Lease and Option agreement require Trigon to issue 500,000 shares to the property vendors and to conduct a work program with cumulative expenditures of at least US$750,000 by August 1, 2007. At its option, Trigon may buy the property by issuing an additional 500,000 shares to the vendors on or before August 1, 2007
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Investor Relations:
Mr. Sidney Himmel
President
Telephone: (250) 763-5533
Fax: (250) 763-5255
Email: shimmel@trigonexploration.com
Corporate Office:
Trigon Uranium Corp.
Suite 203 - 1889 Spall Road, Kelowna, B.C., Canada V1Y 4R2
Telephone: (250) 763-5533
Fax: (250) 763-5255
Email: shimmel@trigonexploration.com
Web site: www.trigonexploration.com
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Disclaimer:
The information herein may contains forward looking statements based on assumptions and judgments of the management of Trigon Uranium Corp. regarding events or results that may prove to be inaccurate as a result of exploration or other risk factors beyond its control. Actual results may differ materially from the expected results. All statements herein, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that Trigon Uranium Corp. expects are forward-looking statements. Such forward-looking statements are not guarantees of future performance, and are based on numerous assumptions about future conditions that could change. The material contained herein is for information purposes only and is not and is under no circumstances intended to constitute an offer to sell or a solicitation to buy any securities or a recommendation as to the purchase of any securities.
The forward-looking statements contained in this company profile are made as of the date hereof and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ materially from those projected in the forward-looking statements. Where applicable, we claim the protection of the safe harbor for forward-looking statements provided by the (United States) Private Securities Litigation Reform Act of 1995. The information contained herein has been obtained from the above featured company as well as the other publicly available sources and is believed to be accurate. Although reasonable efforts have been made to compile this data with care, neither Investcom, its
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