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Strategies & Market Trends : Winter in the Great White North -- Ignore unavailable to you. Want to Upgrade?

To: marcos who wrote (6241)	3/31/2005 4:07:31 PM
From: stan_hughes	Read Replies (1) \| Respond to of 8273

Try putting TRR.V in your virtual port at SH, that way you'll get the PR's emailed to you directly as they get released to SH

To: marcos who wrote (6241)	4/6/2005 1:03:03 PM
From: MRam	Read Replies (1) \| Respond to of 8273

Flying Terex... humm? It doesn't sound the same.... News --------------------------------------------------- Terex searches Platina for uranium mineralization Terex Resources Inc (TSX-V:TRR) Shares Issued 37,724,622Last Close 4/4/2005 $0.075Wednesday April 06 2005 - News Release Mr. Donald Hawke reports ATHABASCA BASIN (UNCONFORMITY) STYLE OF URANIUM MINERALIZATION IDENTIFIED NEAR ELLIOT LAKE, ONTARIO Terex Resources Inc.'s Platina property consists of eight claims comprising 4,040 acres and is located in Joubin township, approximately 20 kilometres southeast of Elliot Lake, Ont. The 100-per-cent-owned property was originally acquired for its copper, nickel, platinum group elements and gold potential. With the worldwide increase in interest for uranium properties, management initiated a search of the assessment files to assess the potential of the property for uranium mineralization. This was considered prudent in view of the fact that the Platina property contains approximately 10 per cent of the formerly discovered Millaqua/Pardee uranium deposit on the west and about 30 per cent of the Pecors uranium deposit on the east. The Pardee deposit was recently acquired by CanAlaska Ventures Ltd. In 1955, the Millaqua/Pardee deposit was estimated to contain 5.4 million tons grading 1.39 pounds of U3O8 per ton for a total of 7.5 million pounds of U3O8. Details of this calculation are unknown and it is unlikely that this estimate conforms to NI 43-101 reporting standards. In 1968, Iso Mines drilled a hole (No. 4-68) through the overlying Huronian sediments and into the Archean basement below, on claims that form the present Platina property. The drill hole intersected strong chlorite and sericite altered conglomerate above the unconformity and strongly chlorite altered greenstone below the unconformity. A pitchblende seam was intersected at the unconformity in highly altered rock and this section assayed 0.12 per cent U3O8 over a one-foot interval. The significance of this intersection was not recognized at the time because it predated the discovery of uranium in the Athabasca basin in Saskatchewan. Terex management feels that the strong hydrothermal alteration of the rocks coupled with the presence of pitchblende mineralization at the unconformity is very similar to the style of mineralization found in the Saskatchewan. The drill hole also intersected anomalous (up to 0.07 per cent U3O8) uranium mineralization in the quartz pebble conglomerates which was typical of the lower-grade uranium deposits in the Elliot Lake area. Management is extremely excited about the positive implications of this discovery in Ontario and intend to fully evaluate the potential of the property to host high-grade unconformity-type uranium mineralization similar to that found in Saskatchewan. A drilling program to test the unconformity is scheduled to commence imminently. Other historical work on the property The Platina property also contains a copper, nickel and platinum group element (Cu-Ni-PGE) showing at the base of a gabbro sill. Grab samples from this showing assayed up to 4.3 grams per tonne Pt+Pd+Au, 10,096 parts per million copper and 624 parts per million nickel. This surface showing is coincident with an airborne electromagnetic anomaly approximately 1.2 kilometres in length. During the 1980s, Falconbridge drilled a hole on the property to test for base metal mineralization and they intersected a 1.36-metre interval in iron formation that assayed 2.06 grams per tonne gold. This intersection was never followed up. Parts of the Platina exploration program outlined above were supervised by Donald Hawke, PGeo, president of Terex Resources Inc., and qualified person for this project. Mr. Hawke has reviewed and approved the contents of this news.