FORUM DRILLS 2.5 G/T GOLD OVER 2.3 METRES INCLUDING 9.3 G/T GOLD OVER 0.3 METRES AT THE TATIGGAQ URANIUM DEPOSIT, ABERDEEN URANIUM PROJECT, THELON BASIN, NUNAVUT
Forum Energy Metals Corp. has released significant gold assay values associated with high-grade uranium mineralization on the Tatiggaq deposit in the Thelon basin at its newly renamed Aberdeen uranium project. Forum holds a 100-per-cent interest in 95,500 hectares of ground adjacent to Orano’s 133-million-pound Kiggavik uranium deposit* located 100 kilometres west of Baker Lake, Nunavut. Drill core from two holes drilled into the Main and West zones of Tatiggaq were reassayed for gold.
Highlights:
- TAT23-002 hosts 0.7 gram per tonne gold over 11.1 metres (148.5 to 159.6 m):
- Including one g/t Au over 3.1 m;
- Including 2.6 g/t Au over 1.5 m.
- TAT23-003 hosts 0.7 g/t Au over 24.6 m (129.5 to 154.1 m):
- Including 2.5 g/t Au over 2.3 m, including 9.3 g/t Au over 0.3 m;
- Including 1.6 g/t Au over 0.8 m;
- Including 1.1 g/t Au over 1.5 m.
Dr. Rebecca Hunter, Forum’s vice-president, exploration, stated: “Gold associated with uranium mineralization at Tatiggaq adds to the economic potential of Forum’s high-grade, unconformity-style deposit in the Thelon basin. Forum is well funded to advance this discovery with a 10,000-metre drill program planned for this summer. Forum will conduct metallurgical tests upon completion of the drill program to determine gold and uranium recoveries. This development shows the immense potential of the northeast Thelon to host additional gold-bearing, unconformity-related uranium deposit systems.”
Tatiggaq
The high gold values are found in the mineralized intervals at both Tatiggaq Main and West zones. While the highest gold values are correlated with the highest uranium intercepts, significant gold values are present as an envelope to uranium mineralization.
TAT23-002 was drilled into the Tatiggaq Main zone and TAT23-003 was drilled 200 m to the southwest along strike into the Tatiggaq West zone. Both drill holes intersected significant uranium mineralization and coincident gold mineralization. TAT23-004 located in between these two drill holes is currently in the lab for gold assay.
TAT23-002:
- 2.25 per cent U3O8 (triuraniuk octoxide) over 11.1 m (148.5 to 159.6 m) and 0.7 g/t Au:
- Including 3.32 per cent per cent U3O8 over 3.1 m (152.2 to 155.3 m) and one g/t Au;
- Including 7.27 per cent U3O8 over 1.5 m (156.9 to 158.4 m) and 2.6 g/t Au.
TAT23-003:
- 0.28 per cent U3O8 over 24.6 m (129.5 to 154.1 m) and 0.7 g/t Au:
- Including 0.36 per cent U3O8 over 2.3 m (129.5 to 131.8 m) and 2.5 g/t Au;
- Including 9.3 g/t over 0.3 m;
- Including 1.10 per cent U3O8 over 0.8 m (136 to 136.8 m) and 1.6 g/t Au;
- 1.1 g/t Au over 1.5 m (149.3 to 150.8 m).
Quality assurance/quality control
Geochemical analysis was conducted at the Saskatchewan Research Council Geoanalytical Laboratory in Saskatoon, Sask. Systematic 10-centimetre split (basement) and 10 m chip composite samples (sandstone) were analyzed using inductively coupled plasma mass spectrometry exploration package for sandstone and basement rocks (ICP-MS1 and 2). Assay samples were analyzed using the inductively coupled plasma optical emission spectroscopy package (ICP1) with the addition of the U3O8 weight per cent and Au fire assay analysis measured in parts per billion. One Au sample was reanalyzed using gravimetric analysis to confirm the high-grade result. Mineralized samples were split into half core samples ranging from 10 to 50 cm in thickness except shoulder regions were locally up to 90 cm and all samples were grouped based on similar radioactivity using a hand-held scintillometer. Duplicates were taken every 20 m and were within acceptable limits for field rock samples.
Dr. Hunter, PhD., 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 focused on uranium exploration in Canada. Forum holds interests in 76,421 hectares in the Athabasca basin, Saskatchewan, and 95,519 hectares in the Thelon basin, Nunavut, a geologic analogue to the Athabasca for high-grade, unconformity-related uranium deposits. In addition, Forum holds a strategic portfolio of energy metal projects — copper, nickel, platinum group metals, zinc and cobalt in Saskatchewan and Idaho.