Forum Energy partner Rio Tinto Drills 14 meters of 0.59% Copper, 4g/t Silver including 6 meters of 1.21% Copper and 7.6g/t Silver at FMC’s Janice Lake Copper/Silver project, Saskatchewan

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Mr. Richard Mazur reports


Forum Energy Metals Corp. has released the first set of drill results from Rio Tinto Exploration Canada’s (RTEC) summer drill program at the Rafuse target on Forum’s 100-per-cent-owned Janice Lake copper/silver project in Saskatchewan. This is RTEC’s third drill campaign on four targets drilled to date on the Janice Lake property.

Nine holes were drilled on the Rafuse target for a total of 2,547 metres. Holes JANL0031 and 0032 were drilled to determine the orientation of the structurally controlled mineralization intersected in hole JANL0028. Holes JANL0033 and 0034 were drilled 700 metres to the northeast on the Rafuse trend. Assays from these first four holes of the summer drill program are reported below:

  • JANL0031 — 0.12 per cent copper and 1.36 grams per tonne silver over two metres from 10.1 to 12.1 m;
  • JANL0032 — 0.59 per cent Cu and four g/t Ag over 14 metres from 265 m to 279 m, including 1.21 per cent Cu and 7.6 g/t Ag over six m from 273 m to 279 m;
  • JANL0033 — 0.29 per cent copper and three g/t silver over 6.8 metres from 42.2 m to 49 m;
  • JANL0034 – -0.14 per cent copper and 2.1 g/t silver over 18.8 metres from 74.9 m to 93.7 m.

Hole JANL0028 drilled in the winter program intersected 0.89 per cent copper and 8.02 g/t silver over 14 metres from 246 m to 260 m, including six m of 1.67 per cent copper and 13.6 g/t silver from 254.1 to 260.1 m (see Rio Tinto intersects 14 meters of 0.89 per cent copper and eight g/t silver including six metres of 1.67 per cent copper and 13 g/t silver at Forum’s Janice Lake copper/silver project, Saskatchewan, news release dated June 9, 2021). Hole JANL0037 was later drilled to determine the orientation of the mineralized fault intersected in holes JANL0028 and 0032. Assays are pending. Results of the regional prospecting and mapping campaign this summer over the 52-kilometre extent of the Janice Lake copperbelt and from drill holes JANL0035 to 0039 are expected in November.

Quality control/quality assurance

Core samples were sawed in half, keeping the half with the reference line for orientated core in the box. Samples averaged two metres in length through the mineralized zone, four metres in length in the unmineralized zone, however these lengths varied depending on stratigraphy, alteration or mineralization. Standards were introduced after every 20th sample, using a high-grade, low-grade or unmineralized, depending on the surrounding core. Duplicates were also introduced on every 20th sample, quartering the core. Blanks were used for the first sample of the hole and at the beginning and end of a mineralized interval, using certified rose quartz. A four-acid digestion was used on the samples at ALS lab in Vancouver, followed by analysis by inductively coupled plasma mass spectrometry (the ME-MS61L package).

Ken Wheatley, PGeo, Forum’s vice-president, exploration, and 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 that were 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. Forum is well financed and plans an aggressive drilling campaign in 2022. In addition, Forum has a portfolio of seven drill-ready uranium projects and a strategic land position in the Idaho cobalt belt.