2022-08-22 12:34 ET – News Release
Mr. Richard Mazur reports
FORUM COMMENCES AIRBORNE GEOPHYSICAL SURVEY ON THE WOLLASTON URANIUM PROJECT
Forum Energy Metals Corp. has commenced an airborne electromagnetic (EM) and magnetic survey on its Wollaston uranium project, located 10 kilometres south of Cameco’s Rabbit Lake uranium mill and 30 km south of Orano/Denison’s McClean Lake uranium mill in the northeastern Athabasca Basin.
Ken Wheatley, vice-president, exploration, stated: “Drilling in the winter of 2022 demonstrated the uranium potential of the property with the discovery of the Gizmo zone. The airborne survey will aid with structural interpretations and precisely locate the EM conductors for identification of continuing gravity surveys. This will set the project up for investigating numerous high-priority targets with future drill programs, starting in 2023.”
The Axiom Exploration Group Ltd. is flying a time domain electromagnetic survey (Xcite TDEM) and coincident magnetic survey over the whole project area. The lines will be completed at 100-metre spacing for an approximate total of 1,650 line kilometres. Results from this survey will be available in September and will allow for the development of further drill targets on the project.
The project is located on Highway 905, 10 km south of Cameco’s Rabbit Lake uranium mill and 30 km south of Orano/Denison’s McClean Lake uranium mill.
The Gizmo showing was discovered from last winter’s drill program with five holes defining a very strong zone of alteration with uranium mineralization up to 0.21 per cent U3O8 (triuranium octoxide) and boron (an indicator element) up to 2,200 parts per million (ppm) (see June 29 news release for details). A number of gravity lows are evident farther to the south that have not been investigated by historic drill programs, and the EM/magnetic survey will aid in prioritizing these targets.
Ken Wheatley, PGeo, Forum’s vice-president of 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 is a diversified energy metal company with uranium, copper, nickel and cobalt projects in Saskatchewan, Canada’s No. one rated mining province for exploration and development, a strategic uranium land position in Nunavut, and a strategic cobalt land position in the Idaho cobalt belt.
Forum Energy begins geophysical survey at Wollaston
2022-08-22 12:34 ET – News Release
Mr. Richard Mazur reports
FORUM COMMENCES AIRBORNE GEOPHYSICAL SURVEY ON THE WOLLASTON URANIUM PROJECT
Forum Energy Metals Corp. has commenced an airborne electromagnetic (EM) and magnetic survey on its Wollaston uranium project, located 10 kilometres south of Cameco’s Rabbit Lake uranium mill and 30 km south of Orano/Denison’s McClean Lake uranium mill in the northeastern Athabasca Basin.
Ken Wheatley, vice-president, exploration, stated: “Drilling in the winter of 2022 demonstrated the uranium potential of the property with the discovery of the Gizmo zone. The airborne survey will aid with structural interpretations and precisely locate the EM conductors for identification of continuing gravity surveys. This will set the project up for investigating numerous high-priority targets with future drill programs, starting in 2023.”
The Axiom Exploration Group Ltd. is flying a time domain electromagnetic survey (Xcite TDEM) and coincident magnetic survey over the whole project area. The lines will be completed at 100-metre spacing for an approximate total of 1,650 line kilometres. Results from this survey will be available in September and will allow for the development of further drill targets on the project.
The project is located on Highway 905, 10 km south of Cameco’s Rabbit Lake uranium mill and 30 km south of Orano/Denison’s McClean Lake uranium mill.
The Gizmo showing was discovered from last winter’s drill program with five holes defining a very strong zone of alteration with uranium mineralization up to 0.21 per cent U3O8 (triuranium octoxide) and boron (an indicator element) up to 2,200 parts per million (ppm) (see June 29 news release for details). A number of gravity lows are evident farther to the south that have not been investigated by historic drill programs, and the EM/magnetic survey will aid in prioritizing these targets.
Ken Wheatley, PGeo, Forum’s vice-president of 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 is a diversified energy metal company with uranium, copper, nickel and cobalt projects in Saskatchewan, Canada’s No. one rated mining province for exploration and development, a strategic uranium land position in Nunavut, and a strategic cobalt land position in the Idaho cobalt belt.