Forum Energy Metals Plans Electromagnetic Survey at Love Lake Nickel-Copper-Palladium Project, Saskatchewan
Forum Energy Metals Corp. is planning a large-scale airborne electromagnetic (EM) survey on its 100-per-cent-owned Love Lake nickel-copper-platinum group elements project located approximately 60 kilometres northeast of Forum’s Janice Lake/Rio Tinto copper joint venture in northeastern Saskatchewan along Highway 905 to the Rabbit Lake/McClean Lake uranium mills. Further processing of the airborne gradient magnetic survey and whole rock geochemical analysis of the outcrop samples collected in 2020 (see news releases dated Sept. 9, 2020, and Oct. 13, 2020) have identified five high-priority target areas to be flown by an airborne EM survey in May.
A helicopter-borne Geotech ZTEM and aeromagnetic survey flown in 2009 identified conductive anomalies within the areas scheduled to be surveyed next month. The current survey will be conducted on a tighter line spacing giving better definition of these and other potential anomalies.
Discovery International Geophysics Inc. has been contracted using the HeliSAM system (a time domain electromagnetic system) on the five grids at 100-metre line spacings for a total of 588 line-kilometres and nine EM ground loops. The HeliSam survey is capable of detecting magmatic nickel-copper-platinum group element deposits to significant depths and will bring the project to a drill-ready state. Forum is currently making arrangements for a drill program in the late summer, the scale of which will be dependent upon the results of the EM survey.
Love Lake nickel-copper-platinum-palladium project
The Peter Lake domain in Northern Saskatchewan is the largest mafic/ultramafic complex in North America, second only to the midcontinent rift in Minnesota and Ontario, host to numerous magmatic copper/nickel and platinum/palladium deposits. For over 250 km of the Peter Lake domain, numerous copper/nickel and platinum/palladium showings have been uncovered over the past 50 years that have received only sporadic exploration.
Forum staked 32,075 hectares of the Love Lake complex in 2019, a 2.56-billion-year-old, palladium-enriched layered gabbroic intrusive. Historic trenching has returned values as high as 0.43 per cent copper, 0.23 per cent nickel, 4,275 parts per billion palladium, 3,580 ppb platinum and 200 ppb gold from a grab sample. Drilling on the property in 1969 intersected 31.7 metres of 0.23 per cent copper and 36.6 metres of 0.29 per cent copper.
Larry Hulbert, PGeo, Forum’s copper-nickel-PGM consultant and a qualified person under National Instrument 43-101, has reviewed and approved the contents of this news release.
About Forum Energy Metals Corp.
Forum Energy Metals has three 100-per-cent-owned energy metal projects being drilled in 2021 by the company and its major mining company partners Rio Tinto and Orano for copper/silver, uranium and nickel/platinum/palladium in Saskatchewan, Canada’s No. 1 rated mining province for exploration and development. In addition, Forum has a portfolio of seven drill-ready uranium projects and a strategic land position in the Idaho cobalt belt.