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John Feneck and Forum partnership, copper and palladium. LISTEN Korelin Economics and John discuss Forum Energy Metals FDCFF. https://mailchi.mp/jeminicapital/fmc-johnfeneck-korelin
FDCFF recovery nice PP from Dec 2020 getting soaked up. Copper, uranium, nickel/platinum/palladium Forum's right energy metals and timing.
Watching for a discovery >>> #NICKEL #PGM
I luv uranium ??.
you want me ☢️⚡️ pic.twitter.com/5N9tTI3m7E
— isabelle 🪐 (@isabelleboemeke) April 21, 2021
The Udokan mine is huge, 3rd largest copper mine in the ?? https://www.forumenergymetals.com/site/assets/files/3929/forum_technical_presentation_march_2021.pdf
"We got copper over 650 meters..."
????
Update podcast free to listen
Listen now!📣 Janice Lake & Fir Island updates on @StockBoxMedia interview. ⛏️https://t.co/MiZlcXtDWS#stockstobuy $FMC.V #copper #silver #nickel #fintwit #batterymetals #cleanenergy @riotinto @andrew_neal7 @ishaminafanin @criticalinvest @kaiserresearch @CapitalJemini #uranium pic.twitter.com/YOX0EChYGy
— Forum Energy Metals Corp (@ForumEnergyMC) April 15, 2021
John Kaiser on Discovery Watch continues to follow $FDCFF
Chalcocite ??
#Copper - chalcocite #DRILLING now JaniceLake#stockstobuy $FMC.V #FMC $FDCFF#cleanenergy #greeneconomy #mintwit #fintwit #fintech #BTC #IoT #silver #DigitalTransformation @CruxInvestor @CampbellMccrary @giginator_ @chidambara09 @PDChina @FintechChinaW pic.twitter.com/2WfBbO0pWp
— Jemini Capital $USD #invest #gold #smallcap #tech (@JeminiCapital) March 25, 2021
$FDCFF breakout
Breakouts.$FMC $EU $WUC $FSY #Uranium #DailyCharts #Moniology pic.twitter.com/g1pIklXqjv
— Dave (@moniology) March 22, 2021
Copper is a base metal for the green economy and clean energy https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights%3A-rio-tinto-southern-copper-kaz-minerals-freeport-mcmoran
Forum presenting at the SMI virtual conference March 22 - 24.
Drills are turning on FDCFF district-scale #copper project w a $30M jv w $RioTinto - these guys don't get involved unless they see world class asset.
Drills are turning on FDCFF #Fir Island #uranium project w a $6M jv w @oranoCanada. FDCFF has 7 drill ready uranium project in Athabasca basin
Really spreading the word, CruxInvestor podcast interview https://twitter.com/CruxInvestor/status/1362786080001576964?s=20
FDCFF on AmvestCapital in New York >> https://www.amvestcapital.com/webinar-directory/fmc030121
FDCFF got some legs #uranium #uraniumsqueeze ??
Forum Uranium Corp. changed to Forum Energy Metals Corp.
http://otce.finra.org/DLSymbolNameChanges
Strong Conductor and Gravity Anomalies Identified on Forum Uranium's Costco Trend near Key Lake
Vancouver, British Columbia--(Newsfile Corp. - June 6, 2017) - Forum Uranium Corp. (TSXV:FDC; OTC:FDCFF) ("Forum") announces the completion of a ground electro-magnetic (EM) survey and ground gravity geophysical program on its 100% owned Costco property (formerly the Key Lake Road Project). These surveys, which have identified several areas of interest for future drilling (See Figures 1 & 2), are part of Forum's continuing efforts to have all its major exploration projects drill ready for the second half of this year.
The Costco gravity survey was completed on a 100m x 100m spacing for the southern grid, and a 100m x 200m on the northern grid. New data obtained covers part of a large northeast trending lithostructural unit that parallels the Key Lake structure approximately 20km to the north. Areas of gravity lows in combination with cross-cutting structures associated with the EM conductor show potential for basement-hosted uranium mineralization. Forum's technical team is continuing to refine its drill targets in these areas and on the Highrock property located to the north (Figure 1), where geophysical work was completed earlier this year (See press release dated April 26, 2017).
Figure 1: Location of the Costco and Highrock Projects.
The Costco and Highrock projects are now drill-ready with several high-potential targets outlined.
Figure 2: Costco trend ground gravity survey with EM conductors.
The blue colours are gravity lows, the red dashed lines are graphitic conductors. White ellipsoids are areas of interest.
The Costco and Highrock projects cover the southern extension of the graphitic conductive unit that hosts the Key Lake deposits, where over 200 million pounds of uranium were mined by open pit methods at an average grade of 2.3% U3O8 from 1983 to 1997. Regional infrastructure to the properties is excellent with year-round road access, readily available power nearby and close proximity to Cameco's Key Lake uranium processing facility.
Ken Wheatley, P.Geo. and 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 Uranium
Forum Uranium Corp. is a Canadian-based mineral exploration company with a focus on the acquisition, exploration and development of uranium projects in Canada's Athabasca Basin. Forum has assembled a highly experienced team of exploration professionals with a track record of mine discoveries for unconformity-style uranium deposits in Canada. The Company's goal is to discover near surface, high grade uranium deposits in the Athabasca Basin, Saskatchewan by exploring on its 100% owned properties and through strategic partnerships and joint ventures with Cameco, AREVA, Rio Tinto, NexGen and Uracan.
ON BEHALF OF THE BOARD OF DIRECTORS
Richard J. Mazur, P.Geo.
President & CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information contact:
Rick Mazur, President & CEO
Tel: 604-630-1585
Craig Christy, Vice President Corporate Development
Tel: 250-863-0561
https://finance.yahoo.com/news/strong-conductor-gravity-anomalies-identified-130000779.html
Forum Uranium: Corporate Update and 2017 Exploration Plans for the Athabasca Basin
VANCOUVER, BC / ACCESSWIRE / March 1, 2017 / Forum Uranium Corp. (FDC.V; FDCFF) ("Forum" or the "Company") is pleased to provide shareholders with an update of the Company's corporate activities and exploration plans for 2017. Forum holds an extensive portfolio of near surface uranium exploration projects in Canada's Athabasca Basin, which hosts the highest grade uranium deposits in the world. The Company is well positioned to benefit from improved uranium markets with seven drill-ready projects that are 100% owned or are partnered with major uranium companies (see Figure 1). Exploration plans will cover several projects: Key Lake Road (geophysics), Northwest Athabasca JV with NexGen, Cameco and AREVA (soil sampling), Maurice Point (soil sampling), Henday JV with Rio Tinto (geophysics) and Fir Island (geophysics) in preparation for prioritizing future drill programs. Uracan Resources, our partner on the Clearwater Project is evaluating a follow-up drill program planned for this summer.
Uranium Outlook
It is the Company's view that after falling to a multi-year low of US $17.75/lb. last December, the uranium price bottomed with the announcement made by Kazakhstan, the largest uranium producing country in the world, to cut uranium production by 10%.The uranium price has since spiked approximately 30% from its low, with evidence of a pick-up in spot market trading volumes, as reported by the Ux Consulting Company (UXC). Forum has witnessed significantly more investor interest, and in December, Forum received a strategic investment by Holystone Energy Corp., a Shanghai-based private equity firm. With the continuing worldwide build-out of nuclear power plants, a trend towards a reduction in secondary uranium supplies is expected. Management believes that this renewed interest should result in higher trending uranium prices over the next several years and increased investor interest in uranium companies, like Forum, with promising exploration projects in the Athabasca Basin.
Fir Island Project (Forum 100%)
* Forum's winter 2015 drill program identified a tectonized 50m offset along a reverse fault with strong alteration and anomalous boron just off the northwest shore of the island along the East Channel structure. This finding suggests potential for a major mineralizing event. This relatively untested area of the Athabasca basin shows great promise for the Company.
* A ground gravity survey was completed over Fir Island and part of the north shore of the project in August, 2016, followed by a soil sampling survey which tested for boron anomalies down-ice from the newly defined gravity lows. The gravity survey delineated numerous anomalies (gravity lows possibly identifying areas of hydrothermal alteration), and the soil sampling survey identified three of the gravity targets as having anomalous boron values down-ice.
* A ground EM survey designed to test for structures or conductive zones along the East Channel structure is planned for this summer. It is anticipated that after extensive evaluation, this project will be upgraded for a major drill program by next year.
Clearwater Project (Forum 75% /Uracan 25%)
* This project immediately adjoins Fission Uranium's Triple R deposit along the Patterson Lake Corridor, which also hosts NexGen's Arrow deposit. A nine-hole drill program was completed in November of 2016 that tested the Key and Mongo target areas. A ground EM survey conducted at the same time identified several new EM conductors that have yet to be followed up. One drill hole targeting a structurally complex area just south of Mongo Lake intersected 6.5 metres of 4.54% zinc. Follow-up work is required to identify the host lithology and structure.
* Uracan has earned a 25% interest in the project and is required to spend another $1.5 million this year to earn 51%. Uracan is evaluating plans for a drill program this summer, to test a major conductive horizon bordering the edge of the Clearwater Intrusive Complex, and to further investigate the zinc anomaly in the Mongo area.
Northwest Athabasca Joint Venture (Forum 39.25%, NexGen 28.25%, Cameco 20% & Areva 12.5% ) and Maurice Point (Forum 100%)
* After several successful drill programs in 2012 - 2014, these projects will be reactivated in anticipation of a rising uranium market. A drill and camp are on site for commencement of further drilling.
* A summer 2017 soil sampling program (similar to the program on Fir Island) is proposed to test for boron down-ice from the numerous gravity anomalies in order to further evaluate and prioritize targets for future drilling.
Key Lake Road (Forum 100%)
* Drilling in 2016 identified significant targets to be followed up on the Highrock and Karpinka projects.
* Forum plans a ground gravity and ground EM survey on the northeast extension of the Costco grid, filling the gap between it and the Highrock project. The Costco trend is a large lithostructural feature running parallel to the Key Lake trend to the north. It is interpreted that the graphitic horizon running through the Highrock Projects and the Costco trend is the same unit that hosts the 200 million pound Key Lake uranium deposit. These surveys are expected to start in April, and will ready the project for drilling next year.
Henday (Rio Tinto 60%; Forum 40%)
* Rio Tinto is earning a further 10% interest in the project by spending $20 million in exploration. Forum is carried through this earn-in. .
* Drilling in 2016 identified a uranium mineralized structure in the Hollow Lake area and significant alteration in other target areas.
* An extensive resistivity survey conducted in the fall of 2016 is currently being processed and analysed. Upon integration of the resistivity data, Rio Tinto will evaluate further drilling of the project area.
Corporate
* Forum raised $1.7 million from a common and flow-through share financing in December 2016 and January 2017. The Company's working capital currently totals $1.8 million. Forum attracted a strategic investor, Holystone Energy Corp., a Shanghai-based private equity firm that is committed to the Company's goal of creating shareholder value through exploring for new high-grade uranium discoveries, in addition to growth through partnering its exploration projects.
* Forum continues to seek partners on its portfolio of properties in the Athabasca Basin and will continue to evaluate opportunities for potential acquisition, consolidation or divestiture. A complete list of Forum Uranium's properties can be found on the Company's website: http://www.forumuranium.com
* Forum is taking steps to build investor awareness and shareholder value of the Company's uranium exploration activities by conducting institutional and retail presentations, increased media relations, gaining exposure through social media and attendance at mining and investment conferences.
Richard Mazur, P.Geo., Forum's President and CEO is the Qualified Person that has reviewed and approved the contents of this news release.
Figure 1 Location Map of Forum Projects in the Athabasca Basin, Saskatchewan
Rio Tinto Exploration Canada Commences a Resistivity Survey on Forum's 40% Owned Henday Property, Athabasca Basin
Vancouver, B.C., October 4, 2016 - FDC: TSX-V; OTC: FDCFF - Forum Uranium Corp. ("Forum") announces that Rio Tinto Exploration ("RTX") has commenced an 81 line km DCIP resistivity survey by Discovery International Geophysics Inc. on the Henday property held 60% by RTX and 40% by Forum. The survey is following up target areas that were drilled this past winter and one new target area. The survey is a pole-dipole and pole-pole array type with receiver dipole lengths of 50m and current injection intervals every 25m which should be completed by mid-October.
The survey comprises a total coverage of 81 line-kilometers as follows:
* Epitaph Block: Approximately 20.9 line-kilometres of resistivity surveying on 9 lines spaced at 300m;
* Hollow Lake Block: Approximately 55.6 line-kilometres of resistivity surveying on 12 lines spaced at 200m; and
* Poseidon Block: Approximately 4.5 line-kilometres of resistivity surveying on 3 lines spaced at 400m.
This past winter RTX completed a 15 hole, 5,340.3m drill program on three target areas on the Henday Property (see news release dated May 18, 2016), located northeast of Rio Tinto's Roughrider uranium deposit nearby the AREVA/Denison McClean Lake mill in Saskatchewan's Athabasca Basin. Six holes were drilled in the Hollow Lake target area, 6 holes in the Elephant target area, and 3 holes in the Epitaph target area. Of highlight was hole 16HDY007 at Hollow Lake which intersected anomalous uranium mineralization in two discrete 0.3m uranium-bearing fractures at 177.4m and 182.4m, respectively. Assay results indicated the fracture at 177.4m contained 523 parts per million (ppm) uranium total digestion (UTD), whereas the fracture at 182.4m contains 469ppm UTD.
Ken Wheatley, P.Geo. and Forum's VP, Exploration and Qualified Person under National Instrument 43-101, has reviewed and approved the contents of this news release.
Figure 1: Location of the DCIP resistivity grids on the Henday property.
About the Henday Property
The Henday Project consists of 3 claims covering 7,204ha at the north-eastern side of the Athabasca Basin, Saskatchewan. The property is strategically located north-east of Rio Tinto's Roughrider uranium deposit, the Denison/AREVA Midwest Lake project and nearby McClean Lake mill, and north of Cameco/AREVA's Dawn Lake project.
RTX has earned a 60% interest in Henday and Forum holds a 40% interest. RTX has the right to acquire an additional 10% interest in the Henday project by funding $20 million in exploration or delivering a Feasibility Study, whichever occurs first. Funds expended on this geophysical survey will be credited towards RTX earning their additional 10% interest in the project.
About Forum Uranium
Forum Uranium Corp. is a Canadian-based energy company with a focus on the acquisition, exploration and development of Canadian uranium projects. Forum has assembled a highly experienced team of exploration professionals with a track record of mine discoveries for unconformity-style uranium deposits in Canada. The Company has a strategy to discover near surface uranium deposits in the Athabasca Basin, Saskatchewan by exploring on its 100% owned properties and through strategic partnerships and joint ventures with Cameco, AREVA, RTX, NexGen and Uracan.
ON BEHALF OF THE BOARD OF DIRECTORS
Richard J. Mazur, P.Geo.
President & CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information contact:
Rick Mazur, President & CEO
Tel: 604-630-1585
Matt Terriss, Director, Corporate Affairs
Tel: 604-689-2599
http://www.forumuranium.com/s/NewsReleases.asp?ReportID=766690&_Type=&_Title=Rio-Tinto-Exploration-Canada-Commences-a-Resistivity-Survey-on-Forums-40-Ow...
Forum Uranium Commences Drill Program at its 100% Owned Karpinka Property near the Key Lake Mine, Athabasca Basin, Saskatchewan
Vancouver, B.C., July 18, 2016 - Forum Uranium Corp. (TSXV:FDC; OTC FDCFF "Forum") is pleased to announce that it has commenced a shallow, four-hole drill program for approximately 600 metres on its 100% owned Karpinka project, located approximately 30 km southwest of Cameco's Key Lake uranium mine and mill site (Figure 1).
The Karpinka claims lie just outside the southern edge of the Athabasca Basin where high grade, basement hosted deposits such as Fission Uranium Corp.'s Triple R deposit can be found at shallow depths. Infrastructure in the Karpinka area is excellent with targets located adjacent to the all-weather road and powerline to the Key Lake uranium process facility.
The drill targets are based on data from existing ground gravity, ground electromagnetic (EM), magnetic and soil gas hydrocarbon surveys conducted by Forum over the last five years. An airborne EM survey (TEMPEST) flown in 2007 identified a sequence of strongly conductive horizons over a 10 kilometre trend associated with the Key Lake Road Shear Zone, a major structure that marks the boundary of the fertile and productive Wollaston domain and the Mudjatik domain to the west.
Positive gravity survey results from these earlier programs identified a number of gravity lows, which may be indicative of zones of alteration, clay development and uranium mineralization along very strong EM conductors on the property. The combination of gravity low anomalies in conjunction with EM anomalies has proven to be a very successful exploration technique on Forum's Northwest Athabasca Joint Venture and in the discovery of the Arrow deposit by NexGen Energy Ltd.
Ken Wheatley, P.Geo. , Forum's Vice-President is the Qualified Person that has reviewed and approved the contents of this news release.
Figure 1: Location of the Karpinka project in relation to the EM conductors (red lines), the Key Lake deposits (yellow dots and ellipses), and the background is from airborne magnetics (blues are magnetic lows, reds are magnetic highs).
About Forum Uranium
Forum Uranium Corp. is a Canadian-based energy company with a focus on the acquisition, exploration and development of Canadian uranium projects. Forum has assembled a highly experienced team of exploration professionals with a track record of mine discoveries for unconformity-style uranium deposits in Canada. The Company has a strategy to discover near surface uranium deposits in the Athabasca Basin, Saskatchewan by exploring on its 100% owned properties and through strategic partnerships and joint ventures with Cameco, AREVA, Rio Tinto, NexGen and Uracan.
For more information on Forum Uranium, please viisit us at: http://www.forumuranium.com/s/Home.asp
ON BEHALF OF THE BOARD OF DIRECTORS
Richard J. Mazur, P.Geo.
President & CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information contact:
Rick Mazur, President & CEO
Tel: 604-630-1585
Matt Terriss, Director, Corporate Affairs
Tel: 604-689-2599
http://www.forumuranium.com/s/NewsReleases.asp?ReportID=756414&_Type=&_Title=Forum-Uranium-Commences-Drill-Program-at-its-100-Owned-Karpinka-Property-ne...
Forum Intersects Elevated Uranium, Boron And Base Metals At Fir Island, Athabasca Basin
Vancouver, B.C., June 16, 2015 - TSX-V:FDC; OTC:FDCFF Forum Uranium Corp. ("Forum" or the "Company") intersected uranium in several holes on its initial drill program at the 100% owned Fir Island project as well as strongly anomalous boron and base metals, typically associated with unconformity uranium deposits. Five holes intersected a zone of strong quartz dissolution and remobilization, tectonization in the sandstone, dravite and sudoite clays locally in the basement rocks and a 50m off-set in the unconformity; all excellent indicators of nearby uranium mineralization (See news Release dated April 20, 2015).
Drill Highlights
Drill Hole Depth Thickness Uranium Boron Base Metals
FI-01 147m 5m 48ppm - -
FI-03 177m 10m - - 5200ppm Nickel
FI-04 140m 1m 386ppm - 301ppm Nickel
154m 10m - 2810ppm -
FI-07 212m 1m - 2350ppm -
238m 6m 34ppm - -
FI-08 203m 15m - 2750ppm -
220m 10cm 137ppm 1490ppm -
223m 10cm 137ppm - 57ppm Lead
Forum Uranium Plans Gravity And Radon Surveys For Follow-Up Drilling At Fir Island, Athabasca Basin
Vancouver, B.C., May 11, 2015 - (FDC:TSX-V; OTC:FDCFF Forum Uranium Corp. "Forum" or the "Company") will conduct ground gravity and radon surveys on its 100% owned Fir Island Project to define drill targets along the newly identified East Channel Structural Corridor. Five holes from the recent drill program encountered intense alteration (quartz dissolution, dravite and sudoite alteration minerals) within sandstones over a major structural lineament (Figure 1). Secondary hematite and weakly anomalous radioactivity were intersected in the last three holes (FI-8, 9 and 10) of the winter drill program. Assay results are pending.
The East Channel trend occurs for over 18 kilometres on Forum's property; the winter drill program tested only 50 metres of this strike length. The proposed gravity survey will cover approximately 5 kilometres of the East Channel Trend on Fir Island and along the Black Bay Fault. Gravity measurements will be taken at stations 100 metres apart along lines spaced at 200 metre intervals to identify areas favourable for uranium mineralization for future drilling. The sandstone cover to the unconformity with basement rocks is shallow, varying from surface to a depth of 200 metres.
The parallel Black Lake structure, located 1.5 kilometres to the west, can be traced for at least 200 kilometres across the entire Athabasca Basin and is associated with Cameco's Centennial deposit with intersections of up to 33.9 metres averaging 8.78% U3O8 (Source: Formation Metals website) This major structural zone exhibits similarities to the Wollaston--Mudjatik tectonic zone that hosts 16% of world uranium production, but remains relatively underexplored. Forum is taking a similar approach as Fission Uranium at Patterson Lake South by exploring new, prospective uranium districts such as Fir Island.
Figure 1: Map of the Fir Island Project. Claims are outlined in black. Both the Black Lake fault and the East Channel are wide structural zones. The Black Lake fault has numerous uranium showings along it, while the East Channel has only been tested by Forum with five holes to date.
Ken Wheatley, P.Geo. , Forum's Vice-President, Exploration is the Qualified Person that has reviewed and approved the contents of this news release.
About Forum Uranium
Forum Uranium Corp. is a Canadian-based energy company with a focus on the acquisition, exploration and development of Canadian uranium projects. Forum has assembled a highly experienced team of exploration professionals with a track record of mine discoveries for unconformity-style uranium deposits in Canada. The Company has a strategy to discover near surface uranium deposits in the Athabasca Basin, Saskatchewan by exploring on its 100% owned properties and through strategic partnerships and joint ventures.
Please go to http://www.forumuranium.com for more information.
ON BEHALF OF THE BOARD OF DIRECTORS
Richard J. Mazur, P.Geo.
President & CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information contact:
Rick Mazur, President & CEO
Tel: 604-630-1585
Matt Terriss, Director, Corporate Affairs
Tel: 604-630-1585
Robin Cook, Senior Account Manager
CHF Investor Relations
Tel: 416-868-1079 x 228
Email: robin@chfir.com
http://www.forumuranium.com/s/NewsReleases.asp?ReportID=707249&_Type=&_Title=Forum-Plans-Gravity-And-Radon-Surveys-For-Follow-Up-Drilling-At-Fir-Island-...
FDCFF Forum Uranium(.09) Canadian-based energy company with a focus on the acquisition, exploration and development of Canadian uranium projects in the Athabasca Basin, Saskatchewan and the Thelon Basin, Nunavut.
Website: http://www.forumuranium.com/s/Home.asp
Pinksheets: http://www.otcmarkets.com/stock/FDCFF/quote
TSX as FDC: http://web.tmxmoney.com/quote.php?qm_symbol=FDC:TSV
IHUB: http://investorshub.advfn.com/Forum-Uranium-Corp-FDCFD-10014/
chart]stockcharts.com/c-sc/sc?s=FDC.V&p=D&yr=1&mn=0&dy=0&i=p36416779954&r=1430501652287[/chart]
img]http://www.forumuranium.com/i/maps/2015-01-13_NRMsm_HrXz5f.jpg[/img]
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Forum Uranium Commences Drilling on its 100% Owned Fir Island Project
Vancouver, B.C., February 26, 2015 - Forum Uranium Corp. TSX VENTURE:FDC; OTC:FDCFF ("Forum" or the "Company") is pleased to announce that a 3,000 metre drill program has commenced on Forum's 100% owned Fir Island project located along the north rim of the eastern Athabasca Basin. This project is strategically located on the Centennial - Black Lake Structural Corridor that transects the entire basin, and has road access to the nearby AREVA McClean Lake Mill and the Cameco Rabbit Lake Mill. Cameco's Centennial deposit lies at the south end of the corridor, and the historic Nisto mine (106 tonnes mined at 1.63% U3O8) lies within 200 metres of the Forum claim boundary.
Exploration work by the previous operator and by Forum in 2014 has developed a number of excellent drill targets, both along and adjacent to the Black Lake corridor, using airborne EM and mag, ground gravity and resistivity surveys (see Figure 1). Several of the targets are defined by combination of all the geophysical surveys, with one of the largest targets lying parallel to the Nisto mine and associated outcropping uranium mineralization 300 metres to the west.
The thickness of Athabasca sandstone on this property varies from 0 to approximately 200 metres, excellent for testing multiple shallow targets to the underlying basement rocks. This project has seen very limited historic drilling, making it one of Forum's top exploration prospects.
Ken Wheatley, P.Geo. , Forum's Vice-President, Exploration is the Qualified Person that has reviewed and approved the contents of this news release.
Figure 1: Compilation Map of the Fir Island Project. Ground gravity and resistivity survey inserts show areas of alteration. The Black Lake structural corridor (in pale green) transects the project, and offsets the edge of the Athabasca sandstone basin by approximately 12km.
About Forum Uranium
Forum Uranium Corp. is a Canadian-based energy company with a focus on the acquisition, exploration and development of Canadian uranium projects. Forum has assembled a highly experienced team of exploration professionals with a track record of mine discoveries for unconformity-style uranium deposits in Canada. The Company has a strategy to discover near surface uranium deposits in the Athabasca Basin, Saskatchewan and the Thelon Basin, Nunavut by exploring on its 100% owned properties and through strategic partnerships and joint ventures. Please visit http://www.forumuranium.com/s/Home.asp for more information.
ON BEHALF OF THE BOARD OF DIRECTORS
Richard J. Mazur, P.Geo.
President & CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information contact:
Rick Mazur, President & CEO
Or: Matt Terriss, Director, Corporate Affairs
Tel: 604-630-1585
Robin Cook, Senior Account Manager
CHF Investor Relations
Tel: 416-868-1079 x 228
Email: robin@chfir.com
http://finance.yahoo.com/news/forum-commences-drilling-100-owned-140000817.html
Forum Uranium's high hopes for Fir Island in Athabasca basin
By Matthew Keevil
www.northernminer.com
February 8, 2015 • VOL. 100, NO. 51 • SINCE 1915
VANCOUVER — Forum Uranium (TSXV: FDC; US-OTC: FDCFF) is coming off its tenth year as a prospect generator in Saskatchewan’s prolific Athabasca basin. Over that time the company has leveraged its technical expertise to generate joint-venture and option agreements in the region. And Forum is hoping a recent acquisition — as well as the buzz around a district-changing discovery — will fuel more exploration success in 2015.
According to president and CEO Richard Mazur, much of Forum’s past successes can be placed at the feet of vice-president exploration Ken Wheatley and chief geologist Dr. Boen Tan.
Wheatley boasts 27 years of experience in uranium exploration — most recently with AREVA Resources — while Tan played a significant role in developing Cameco’s (TSX: CCO; NYSE: CCJ) Key Lake uranium mine.
“We’ve put together a heck of a property package and done all the hardslugging, target-generation work, so all of our prospects are drill-ready, Mazur says during an interview, noting Forum has completed airborne geophysics, geochemical surveying and prospecting.
“With Ken and Boen’s experience in the Athabasca basin and understanding of a myriad of deposits they’ve worked on — both unconformity-style and basement-hosted — we’ve got a good grasp on what to look for in terms of geology, structure and geophysical features,” he says. “We rely on a broadstyle of exploration that’s bolstered by that experience.”
Using tried and true exploration methods that combine electro-magnetic, resistivity and gravity surveys, the Forum team has participated in a number of earn-in agreements with some major partners. The company is involved in the Northwest Athabasca joint venture with Cameco, AREVA and junior NexGen Energy (TSXV: NXE), as well as the Henday joint venture with Rio Tinto (NYSE: RIO; LSE: RIO).
Two years ago Forum jumped into the staking rush in the southern Athabasca driven by Fission Uranium’s (TSX:FCU; US-OTC: FCUFF) grassroots Patterson Lake South (PLS) discovery. Forum picked up 99 sq. km southwest of Fission’s ground that it labelled its Clearwater project.
In April Forum announced its drill efforts at Clearwater had identified five major structural trends with reactivated graphitic shear zones, alteration and localized radioactivity.
Just three months later junior Uracan Resources (TSXV: URC; US-OTC: URCFF) signed an agreement to earn up to a 70% interest in the project. Uracan can earn a 51% interest in Clearwater by spending $3 million on exploration over three years, and another 19% by spending an extra $3 million within the following two years.
The joint-venture partners punched two follow-up holes in 2014 in areas that host a combination of an electro-magnetic conductor and a coincident gravity low, and were located near previous holes that encountered encouraging geology and alteration.
“Fission has a really great deposit, and it’s a fantastic story for the region,” Mazur continues. “It’s important to remember that Clearwater is a grassroots play, and we continue to get some encouraging results. There’s a series of north–northeast conductive trends that run through the property, and I know Fission is following some of them.”
“Our model is really prospect generation, so we want to leverage our expertise into good options,” he adds. “We like to maintain operatorship, however, because we feel we have that technical background to drive these joint ventures.”
Uracan plans to evaluate all the data with a view to recommend further drilling, though Mazur notes that exploration activity at Clearwater will depend on market conditions and available capital.
Meanwhile, Forum is excited about its newest acquisition. In February 2014 the company picked up the Fir Island property from Ronald Netolitzky’s Anthem Resources (TSXV: AYN; US-OTC: VAERF) for 300,000 shares and a 1.5% net smelter return royalty.
The Fir Island claims are located on the northern extension of the Centennial shear zone, which straddles the northern margin of the Athabasca basin and manifests itself as the Black Lake fault on the property.
Faults of this style are known to host unconformity-style uranium deposits in the region.
The project is next to the the historic Nisto mine, which processed 106 tonnes of material grading 1.6% uranium oxide in the late 1950s.
After the acquisition, Forum identified targets based on historic information and a ground gravity survey to find low-density hydrothermal alteration along the Black Lake shear zone.
The company is gearing up for a 3,000-metre drill program at Fir Island this year.
“Both Ken and Boen said we should grab the asset, and when two geologists like that make the recommendation, you go out and get it,” Mazur says. “We think Nisto is perhaps the very keel of some sort of uranium mineralization in the basement. The sandstone has been eroded away, and it’s showing you the roots in the basement of what we think are a big mineralizing event in the area.
“We’ve developed some really promising targets in the down-drop section based on our geophysics work,” he adds. “There looks to be a big alteration system based on gravity and our interpretation of the anomalies. And we’re seeing crosscutting structures along the plane of the Black Lake shear trend.”
Forum had $2.3 million in cash at press time to fund its 2015 programs. Shares have traded within a 52-week window of 6¢ to 52¢. The company has 36 million shares outstanding for a $3.6-million market capitalization.
http://www.forumuranium.com/i/pdf/Forums-high-hopes-for-Fir-Island-REPRINT.pdf
Uracan and Forum Uranium Announce Drill Results From Clearwater Property in Patterson Lake South Area
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan 22, 2015) - Forum Uranium Corp. (TSX VENTURE:FDC; OTC:FDCFF) ("Forum") and Uracan Resources Ltd. (TSX VENTURE:URC) ("Uracan") announce the completion of a December, 2014 follow up drill program on drill targets identified by an initial drill campaign on Forum's 100% owned Clearwater project. The Clearwater property is on trend with Fission Uranium's Triple R (PLS) discovery in the Athabasca Basin, Saskatchewan.
Two drill holes totaling 526 metres were completed on the property. These holes were focused on two target areas that hosted the combination of an EM conductor and a coincident gravity low, and were located near previously drilled holes that encountered encouraging geology and alteration.
Hole CW-10 was drilled 270 metres south of hole CW-01 (see Forum Uranium's April 17, 2014 news release for further details) and intersected several fault zones with chloritization and variable hydrothermal hematization, along with a graphitic fault gouge zone from 177 to 186 metres down the hole. Elevated uranium values were returned below 186 metres to the bottom of the hole at 242m, ranging between 14 ppm U3O8 and 84.9 ppm U3O8. The high of 84.9ppm U3O8 (partial digestion) was noted over a 6 metre wide interval.
Partial digestion of the rock extracts easily leached uranium, suggesting the uranium mineralization was remobilized from a nearby source. These uranium values are a significant increase relative to those obtained from the nearby hole CW-01. Further drilling along this conductor trend is recommended.
CW-11 was located approximately 100 metres north of CW-03 and intersected a large deformation zone with strong mylonite development. Uranium values of 36.5 ppm U3O8 between 242 and 254 metres down hole and 29.5 ppm U3O8 from 272 to 284 metres down hole were noted within a quartz-rich granitic unit. This area also appears to have had uranium-bearing fluid flow, similar to that seen in CW-10. In addition boron is also present in two samples with 509ppm boron between 252 and 262 metres, and 158 ppm boron between 272 and 278 metres depth. Boron is a positive geochemical pathfinder for uranium mineralization, and both the uranium and boron values are substantially higher than the values intersected in CW-03 to the south. These results indicate that exploration drilling should continue to the north along this major structure.
Uracan can earn a 51% interest in the Clearwater property by spending $3 million in exploration over three years and up to a 70% interest by spending $6 million over five years. The Clearwater Project covers a total of 9,912 hectares adjoining Fission Uranium's Patterson Lake South claims to the southwest. Forum will be the Project operator until Uracan earns its 51% interest, after which Uracan may elect to become the operator.
Ken Wheatley, P.Geo. (Saskatchewan/Alberta/Nunavut), Forum's Vice President, Exploration and Marc Simpson, P. Geo, Uracan's President and CEO are the Qualified Persons that have reviewed and approved the contents of this news release.
About Forum Uranium
Forum Uranium Corp. is a Canadian-based energy company with a focus on the acquisition, exploration and development of Canadian uranium projects. Forum has assembled a highly experienced team of exploration professionals with a track record of mine discoveries for unconformity-style uranium deposits in Canada. The Company has a strategy to discover near surface uranium deposits in the Athabasca Basin, Saskatchewan and the Thelon Basin, Nunavut by exploring on its 100% owned properties and through strategic partnerships and joint ventures.
ON BEHALF OF THE BOARD OF DIRECTORS
Richard J. Mazur, P.Geo., President & CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact:
Forum Uranium Corp.
Rick Mazur
President & CEO
604-638-3943
Forum Uranium Corp.
Matt Terriss
Director, Corporate Affairs
604-638-3947
CHF Investor Relations
Robin Cook
Senior Account Manager
416-868-1079 x 228
robin@chfir.com
http://finance.yahoo.com/news/uracan-forum-announce-drill-results-140000213.html
Forum Uranium Reviews 2014 Highlights and 2015 Drill Plans at Patterson Lake and Black Lake Regions, Athabasca Basin
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan 13, 2015) - Forum Uranium Corp. ("Forum" or the "Company") (TSX VENTURE:FDC; OTC:FDCFF) is pleased to update shareholders with a year-end review of the Company's activities for 2014 and exploration plans for 2015. Forum is currently preparing for an initial drill campaign on its 100% owned Fir Island project on the Centennial- Black Lake Structural Corridor and is evaluating data from the recent drilling at its 100% owned Clearwater project (under option to Uracan Resources Ltd.) on trend of Fission Uranium's Patterson Lake South (PLS) discovery. The Company is well financed with $2.3 million in working capital.
Forum holds an extensive portfolio of near surface uranium exploration projects in Canada's Athabasca and Thelon Basins. The Company is well positioned to benefit from improved uranium markets with seven drill-ready projects that are 100% owned or are partnered with major uranium companies.
Highlights for 2014
* Forum raised $3 million from a common and flow-through share financing in March with $2.3 million remaining in treasury.
* Successfully advanced its 100% owned Clearwater project, adjacent to Fission Uranium's PLS discovery through two drill campaigns and arranged an option for further exploration of the property by Uracan.
* Drilled economic grades of uranium mineralization at its Northwest Athabasca Joint Venture (Forum, NexGen, Cameco, AREVA), including a 5.5 metre intercept grading 1.61% U3O8 at a shallow depth in the Maurice Bay deposit. Completed a gravity survey on its adjacent 100% owned Maurice Point project which is now drill ready.
* Acquired the remaining 50% interest in the Karpinka Property in the Key Lake Road area to own 100% interest. Karpinka is a similar exploration play as Patterson Lake South in basement rocks at the margin of the Athabasca Sandstone on the prolific Wollaston trend in the eastern Athabasca with road access to the nearby Key Lake Mill.
* Acquired a 100% interest in the 14,205 hectare Fir Island Property on the Centennial-Black Lake trend adjacent to the high grade, past producing Nisto Mine, with road access to the McClean Lake and Rabbit Lake Mills. Completed a gravity survey to complement the existing magnetic, EM and resistivity data.
* Acquired exploration lands under option from Agnico-Eagle Mines Ltd. adjacent to AREVA's Kiggavik mine development project to gain 100% ownership interest. AREVA submitted its final Environmental Assessment Statement to the Nunavut regulators and if acceptable, a Production Certificate will be granted in 2015, paving the way for a production decision. Forum has assembled a strategic land position in the vicinity of the Kiggavik deposit and through drilling, has identified a number of priority targets in close proximity to the future mine and mill development.
Plans for 2015
* Results from a drill campaign this past December on Forum's Clearwater project (under option to Uracan to earn a 51% interest) are expected within a month. Uracan plans to evaluate all the data with a view to recommending further drilling. Forum is Operator of the Clearwater Project.
* Drill 3,000 metres at the 100% owned Fir Island project on the Centennial- Black Lake trend in February. A number of targets have been identified through methodical geophysical, geochemical, geological and prospecting programs conducted by Forum and the previous owner.
* Forum will continue exploration and seek partnership interest on its portfolio of properties in the Athabasca and Thelon Basins - North Thelon (100%), Henday (40% Forum with 60% partner Rio Tinto), Key Lake Road (100%), Maurice Point (100%) and Northwest Athabasca Joint Venture (38.7% majority Forum interest with partners Cameco, AREVA and NexGen). In addition, Forum will continue to seek properties of merit through acquisition.
Forum Project Location Map:
Richard Mazur, P.Geo., Forum's President and CEO is the Qualified Person that has reviewed and approved the contents of this news release.
About Forum Uranium
Forum Uranium Corp. is a Canadian-based energy company with a focus on the acquisition, exploration and development of Canadian uranium projects. Forum has assembled a highly experienced team of exploration professionals with a track record of mine discoveries for unconformity-style uranium deposits in Canada. The Company has a strategy to discover near surface uranium deposits in the Athabasca Basin, Saskatchewan and the Thelon Basin, Nunavut by exploring on its 100% owned properties and through strategic partnerships and joint ventures. For more information, please visit
http://www.forumuranium.com/s/Home.asp
ON BEHALF OF THE BOARD OF DIRECTORS
Richard J. Mazur, P.Geo., President & CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact:
Forum Uranium Corp.
Rick Mazur
President & CEO
604-630-1585
Forum Uranium Corp.
Matt Terriss
Director, Corporate Affairs
604-638-3947
CHF Investor Relations
Robin Cook
Senior Account Manager
416-868-1079 x 228
robin@chfir.com
http://finance.yahoo.com/news/forum-reviews-2014-highlights-2015-120000681.html
SNN Straight Talk, Guest Mark Lackey on Uranium
Today's topic: uranium, which has had price recovery of US$8.00/lb this year. Every week Pat Bolland, host of Straight Talk mid-day on Sun News Network, speaks with Mark Lackey, CHF Capital Markets' Executive VP, to discuss commodities and stock picks. Known for his own plain spoken "straight talk", Mark has been a frequent guest on BNN Television as well, and a contributing sector expert to Streetwise.
He speaks highly of Forum Uranium (FDC.V ~ FDCFF).
Uracan and Forum Uranium Sign Definitive Option Agreement on Clearwater Property in Patterson Lake South Area
Vancouver, Canada (August 27, 2014) - Forum Uranium Corp. (TSX.V:FDC; OTC:FDCFF) ("Forum") is pleased to announce that, further to the July 8th 2014 news release, it has signed an definitive Option Agreement with Uracan Resources Ltd. (TSX.V:URC; OTC:URCFF) ("Uracan"), whereby Uracan can earn up to a 70% interest in Forum's Clearwater Project in northern Saskatchewan. Forum is the 100% owner of the Clearwater Project.
The companies are in the midst of planning a late summer/early fall exploration drill program on the Project to further test the potential for basement hosted uranium mineralization similar to that seen on Fission Uranium's adjacent Patterson Lake South Property. The Clearwater Project covers a total of 9,912 hectares adjacent to the south-western edge of the prolific Athabasca Basin. The property adjoins Fission Uranium's Patterson Lake South claims on the south-west side and Nexgen Energy's Rook 1 Property to the northeast.
The Clearwater Project is underlain by a mix of pelitic to psammitic metasediments that overlie older Archean gneisses. Graphitic horizons are typically present at the contact between the two and are a target for drilling, especially in areas where there are cross-cutting structures. Several SSW trending electromagnetic (EM) conductors cross from Fission's claim group onto the Clearwater Project.
To date, Forum has carried out exploration work consisting of prospecting, soil and lake radon surveys, lake sediment sampling, airborne EM, magnetic and radiometric surveys, and ground gravity and EM surveys. An initial nine hole, 2,310 metre drill program was completed by Forum in April 2014. This drilling has shown that a number of targets are altered and reactivated graphite bearing structures with elevated boron and nickel geochemistry.
In order for Uracan to earn a 51% interest in the property it must incur a total of $3.0 million in exploration expenditures over 3 years as follows:
1) Issue a total of 300,000 shares and 150,000 warrants of Uracan to Forum on signing a definitive agreement,, subject to regulatory approval. The warrants will be exercisable at a price of $0.15 per share for a term of 18 months.
2) Commit exploration expenditures of $0.5 million in year one (firm commitment),
3) Complete exploration expenditures of $1.0 million in year two, at which point Uracan will have earned a 25% interest,
4) Complete exploration expenditures of $1.5 million in year three to earn a 51% interest.
Uracan can elect to earn an additional 19% interest in the Clearwater Project (total 70% interest) by making an additional $3 million in exploration expenditures within a two year period following the date it earns its 51% interest. Uracan will also grant Forum a 2% NSR Royalty on the property, with Uracan having the option to purchase 1% of the NSR for $1.0 million.
Uracan will fund all exploration work until the earn-in option has been completed, after which further work will be funded by the Joint Venture partners. Forum will be the Project operator until Uracan earns its 51% interest, after which Uracan may elect to become the operator.
Ken Wheatley, P.Geo. (Saskatchewan/Nunavut), Forum's Vice President, Exploration is the Qualified Person that has reviewed and approved the contents of this news release.
About Forum Uranium
Forum Uranium Corp. is a Canadian-based energy company with a focus on the acquisition, exploration and development of Canadian uranium projects. Forum has assembled a highly experienced team of exploration professionals with a track record of mine discoveries for unconformity-style uranium deposits in Canada. The Company has a strategy to discover near surface uranium deposits in the Athabasca Basin, Saskatchewan and the Thelon Basin, Nunavut by exploring on its 100% owned properties and through strategic partnerships and joint ventures.
About Uracan
Uracan Resources Ltd. (TSX.V:URC, OTC:URCFF) is a Canadian-based exploration company focused on exploring for uranium deposits in Saskatchewan and Quebec, Canada. Since 2006, Uracan has discovered a N.I. 43-101 Indicated Mineral Resource estimate of 7 million lbs U3O8 (21.5 million tonnes at a grade of 140 ppm U3O8 using a 100 ppm cut-off grade) and a N.I. 43-101 Inferred Mineral Resource estimate of 37 million lbs U3O8 (140.6 million tonnes at a grade of 120 ppm U3O8 using a 100 ppm cut-off grade) on its 100%-owned exploration properties in Quebec. Uracan continues to review additional opportunities worldwide to capitalize on management's exploration and financing capabilities.
In early 2013, Uracan signed an agreement with UEX Corporation, whereby Uracan acquired the option to earn from UEX a 60% participating interest in the Black Lake Property along the northern margin of the Athabasca Basin. UEX currently holds an 89.99% interest in the Black Lake Project with AREVA Resources Canada Inc. ("AREVA") holding the remaining 10.01% interest.
ON BEHALF OF THE BOARD OF DIRECTORS
Richard J. Mazur, P.Geo.
President & CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information contact:
Rick Mazur, President & CEO
Tel: 604-630-1585
Matt Terriss, Director, Corporate Affairs
Tel: 604-638-3947
Robin Cook, Senior Account Manager
CHF Investor Relations
Tel: 416-868-1079 x 228
Email: robin@chfir.com
http://www.forumuranium.com/s/NewsReleases.asp?ReportID=671461&_Type=&_Title=Uracan-and-Forum-Sign-Definitive-Option-Agreement-on-Clearwater-Property-in...
Forum Uranium Acquires 100% of The Karpinka Property South of The Key Lake Mine, Athabasca Basin, Saskatchewan
Vancouver, B.C., August 19, 2014 - (TSX: FDC.V; OTC: FDCFF) Forum Uranium Corp. ("Forum" or the "Company") is pleased to announce that it has entered into a Purchase and Sale Agreement ("the Agreement") with Anthem Resources Ltd. ("Anthem") to acquire Anthem's 50% joint venture interest in the Karpinka project along the Key Lake Road Shear Zone, 30 kilometres south of the Cameco/AREVA Key Lake Mine. Forum is a 50% partner and Operator of the Karpinka Joint Venture and acquisition of Anthem's interest will give Forum 100% of the project. Under terms of the Agreement, Forum will acquire Anthem's 50% interest for 10,000 common shares and a 1% Net Smelter Royalty to Anthem with a 0.5% buyback provision by Forum for $1 million.
Several radioactive boulders grading up to 0.42% U3O8 were discovered in the early 1970's and drilling did not locate their source. Anthem's predecessor company completed a TEMPEST airborne magnetic/electromagnetic survey in 2007 which identified a sequence of strongly conductive horizons associated with the Key Lake Road Shear Zone (KLRSZ). Forum has been exploring along the KLRSZ since 2004 and entered into a 50/50 joint venture on the Karpinka property with a predecessor company of Anthem in 2009.
Since formation of the joint venture, two gravity surveys and a soil gas hydrocarbon survey were completed from 2009 to 2012. Coincident soil gas hydrocarbon, gravity and electromagnetic targets have been identified for drilling.
Richard Mazur, P.Geo., Forum's President and CEO is the Qualified Person that has reviewed and approved the contents of this news release.
About Forum Uranium
Forum Uranium Corp. is a Canadian-based energy company with a focus on the acquisition, exploration and development of Canadian uranium projects. Forum has assembled a highly experienced team of exploration professionals with a track record of mine discoveries for unconformity-style uranium deposits in Canada. The Company has a strategy to discover near surface uranium deposits in the Athabasca Basin, Saskatchewan and the Thelon Basin, Nunavut by exploring on its 100% owned properties and through strategic partnerships and joint ventures. For more information, please visit: http://www.forumuranium.com
ON BEHALF OF THE BOARD OF DIRECTORS
Richard J. Mazur, P. Geo.
President & CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information contact:
Rick Mazur, President & CEO
Tel: 604-638-3943
Matt Terriss, Director, Corporate Affairs
Tel: 604-638-3947
Robin Cook, Senior Account Manager
CHF Investor Relations
Tel: 416-868-1079 x 228
Email: robin@chfir.com
http://www.forumuranium.com/s/NewsReleases.asp?ReportID=670080
Positive Drill Results from Northwest Athabasca Joint Venture Winter Program: Further Drilling Recommended
Vancouver, B.C., August 13, 2014 - Forum Uranium Corp. (TSX-V: FDC; OTC: FDCFF) announces assay results from its 2014 winter drill program at the Northwest Athabasca JV project. A total of 2,911 metres in 13 holes on five separate targets were completed. Highlights include:
* Maurice Bay Deposit* - 1.61% U3O8 over 5.5 m
* Otis West - 0.95% U3O8 over 0.3 m within a 30 m wide zone of radioactivity
* Zone A- 263 ppm U3O8 over 4.8 m
* Maurice Bay East - 166 ppm U3O8 over 1.8 m and up to 0.56% boron
Further drilling is recommended on all four target areas, in addition to evaluation of numerous other gravity targets along favourable structural settings on the property.
Ken Wheatley, Forum's Vice President, Exploration stated, "We continue to be impressed with the abundance and variety of uranium showings on this project. We are obviously working within a very fertile system and it is Forum's mandate to continue exploration and discover an economic deposit."
Maurice Bay Deposit & Basement Targets
Two holes (see Figure 1) were drilled to test for possible mineralization within the basement rocks beneath the historic Maurice Bay deposit, with one of the holes transecting the historic mineralization. Hole NWA-72 returned 5.5 m of 1.61% U3O8 within a seven metre wide mineralized zone (1,000 ppm cutoff) that spans the unconformity on the Maurice Bay Deposit. The deposit is overlying a fresh and competent Archean horst (similar to Key Lake and many of the eastern deposits).
Otis West
Drilling in 2013 returned 0.21% U3O8 over 24.5 m including 1.80% U3O8 over 0.5 m. Three drill holes completed at Otis West have extended the mineralized strike length from 50 m to 70 m. Mineralization, which is hosted in the basement rocks, remains open to the east. Hole NWA-73 returned approximately 30 m of anomalous uranium values (>100 ppm) from 146.0 to 175.6 m, with a peak of 0.95% U3O8 over 0.3 m intersected at 173.3 m in an interval of extensive core loss. Hole NWA-74 returned approximately 70 m of anomalous values in an area of heavy core loss from 150 to 220 m, with a peak of 0.30% U3O8 over four metres intersected between 161 and 165 m.
Further drilling is required to properly test the Otis West gravity target, which extends for 400 m along the Otis fault that runs parallel to the Maurice Bay fault.
Zone A
Three holes were drilled in the Zone "A" area, testing the interpreted south and north strike extensions of uranium mineralization encountered in 2013 (1.34% U3O8 over three metres at a depth of 90 m). Hole NWA 77, located 15 m to the north, intersected three intervals of elevated uranium: 167 ppm U3O8 over 0.5 m at 34.5 m depth, 29 ppm U3O8 over 21.6 m between 59.0 and 70.6 m, and 263 ppm U3O8 over 4.8 m between 77.8 and 82.6 m depth in a quartz breccia. Zone "A" remains of interest, as nearby historic drilling in the basement returned grades of up to six metres of 5.65% U3O8 at a depth beginning at 115 metres.
Maurice Bay East
One hole, NWA-79, was drilled in the untested Maurice Bay East gravity target. It returned large sections of chloritized and quartz dissolved sandstones from 52 m down to the unconformity at 138 m. Weakly elevated uranium was intersected between 112.7 to 117.0 m with a peak of 166 ppm U3O8 over 1.8 m and an associated boron value of up to 0.56%, the highest boron value encountered in the winter program. A basement hosted alteration zone returned an average of 83 ppm U3O8 over 11.5 m from 150.0 to 161.5 m. It is interpreted that a possible mineralized zone was overshot by this hole and further drilling should be done to the south.
Otis East
Three holes were drilled on the Otis East gravity target, intersecting strongly altered sandstones, basement lithologies and brecciation, but no significant uranium mineralization. Further drilling is recommended on the northern part of this large gravity low.
Figure 1: Map of Maurice Bay Deposit Area. The blue colours represent gravity lows, the reds are gravity highs. Yellow dots are historical holes, most of which were stopped at the unconformity. Green dots are 2012/13 drill holes. The red dots are the drill holes completed in 2014.
Quality Assurance/Quality Control
Core samples are collected and shipped in sealed containers to the Saskatchewan Research Council, an ISO/IEC 17025:2005 (CAN-P-4E) certified laboratory, for geochemical analysis using the Uranium ICP Package. This package is the preferred analytical technique for detecting uranium and pathfinder elements in the alteration halos of unconformity-type uranium deposits in the Athabasca Basin. Ken Wheatley, P.Geo. (Saskatchewan, NWT/Nunavut), Forum's Vice President, Exploration is the Qualified Person that has reviewed and approved the contents of this news release.
Maurice Bay Deposit*
A 1.5 million pound historical uranium resource (600 tonnes grading 0.6% U3O8) for the Maurice Bay deposit, is reported by Saskatchewan Industry and Resources, Miscellaneous Report 2003-7. The Maurice Bay historical resource estimate was completed prior to the implementation of National Instrument 43-101. Given the extensive exploration work completed by experienced mineral resource companies, and the quality of the historical work completed, the Company believes the historical estimate to be relevant and reliable. However, a qualified person has not completed sufficient work to verify and classify the historical estimate as a current mineral resource, and the Company is not treating the historical estimate as a current mineral resource. Hence, the estimate should not be relied upon. It should be noted that mineral resources, which are not mineral reserves, do not have demonstrated economic viability.
NW Athabasca Joint Venture
The NW Athabasca project is a joint venture with 64.6% held jointly by Forum and NexGen Energy Ltd. with Forum acting as Operator. Remaining partners in the joint venture are Cameco Corporation (22.9%) and AREVA Resources Canada Inc. (12.5%). Forum and AREVA Resources were the only participants funding this winter's drill program and the joint venture is subject to dilution provisions.
About Forum Uranium
Forum Uranium Corp. is a Canadian-based energy company with a focus on the acquisition, exploration and development of Canadian uranium projects. Forum has assembled a highly experienced team of exploration professionals with a track record of mine discoveries for unconformity-style uranium deposits in Canada. The Company has a strategy to discover near surface uranium deposits in the Athabasca Basin, Saskatchewan and the Thelon Basin, Nunavut by exploring on its 100% owned properties and through strategic partnerships and joint ventures.
ON BEHALF OF THE BOARD
Richard J. Mazur, P.Geo.
President & CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information contact:
Rick Mazur, President & CEO
Tel: 604-630-1585
Matt Terriss, Director, Corporate Affairs
Tel: 604-638-3947
Robin Cook, Senior Account Manager
CHF Investor Relations
Tel: 416-868-1079 x 228
Email: robin@chfir.com
http://www.forumuranium.com/s/NewsReleases.asp?ReportID=669334
Forum Uranium Options Patterson Lake South Area Property to Uracan Resources
Vancouver, Canada (July 8, 2014) - Forum Uranium Corp. (TSX.V:FDC; OTC:FDCFF) ("Forum") is pleased to announce it has signed a binding Letter of Intent ("the LOI") with Uracan Resources Ltd. (TSX.V:URC) ("Uracan"), whereby Uracan can earn up to a 70% interest in Forum's Clearwater Project in northern Saskatchewan. Forum is the 100% owner of the Clearwater Project.
The Clearwater Project covers a total of 9,912 hectares adjacent to the south-western edge of the prolific Athabasca Basin. The property adjoins Fission Uranium's Patterson Lake South claims on the south-west side.
The Clearwater Project is underlain by a mix of pelitic to psammitic metasediments that overlie older Archean gneisses. Graphitic horizons are typically present at the contact between the two and are a target for drilling, especially in areas where there are cross-cutting structures. Several SSW trending electromagnetic (EM) conductors cross from Fission's claim group onto the Clearwater Project.
To date, Forum has carried out exploration work consisting of prospecting, soil and lake radon surveys, lake sediment sampling, airborne EM, magnetic and radiometric surveys, and ground gravity and EM surveys. An initial nine hole, 2,310 metre drill program was completed by Forum in April 2014. This drilling has shown that a number of targets are altered and reactivated graphite bearing structures with elevated boron and nickel geochemistry. Forum and Uracan believe that the Clearwater Project has the potential to host high grade basement hosted uranium mineralization similar to that seen at Fission Uranium's Patterson Lake South property. Ample exploration potential remains to be tested throughout the property, with numerous geophysical targets remaining to be drill tested.
In order for Uracan to earn a 51% interest in the property it must incur a total of $3.0 million in exploration expenditures over 3 years as follows:
1) Issue a total of 300,000 shares and 150,000 warrants of Uracan to Forum on signing a definitive agreement,
2) Commit exploration expenditures of $0.5 million in year one (firm commitment),
3)Complete exploration expenditures of $1.0 million in year two, at which point Uracan will have earned a 25% interest,
4)Complete exploration expenditures of $1.5 million in year three to earn a 51% interest.
Uracan can elect to earn an additional 19% interest in the Clearwater Project (total 70% interest) by making an additional $3 million in exploration expenditures within a two year period following the date it earns its 51% interest. Uracan will also grant Forum a 2% NSR Royalty on the property, with Uracan having the option to purchase 1% of the NSR for $1.0 million.
Uracan will fund all exploration work until the earn-in option has been completed, after which further work will be funded by the Joint Venture partners. Forum will be the Project operator until Uracan earns its 51% interest, after which Uracan may elect to become the operator. The LOI is subject to TSX approval and a due diligence period to be waived by Uracan prior to July 31, 2014.
Ken Wheatley, P.Geo. (Saskatchewan/Nunavut), Forum's Vice President, Exploration is the Qualified Person that has reviewed and approved the contents of this news release.
About Forum Uranium
Forum Uranium Corp. is a Canadian-based energy company with a focus on the acquisition, exploration and development of Canadian uranium projects. Forum has assembled a highly experienced team of exploration professionals with a track record of mine discoveries for unconformity-style uranium deposits in Canada. The Company has a strategy to discover near surface uranium deposits in the Athabasca Basin, Saskatchewan and the Thelon Basin, Nunavut by exploring on its 100% owned properties and through strategic partnerships and joint ventures.
About Uracan
Uracan Resources Ltd. (TSX.V:URC, OTC:URCFF) is a Canadian-based exploration company focused on exploring for uranium deposits in Saskatchewan and Quebec, Canada. Since 2006, Uracan has discovered a N.I. 43-101 Indicated Mineral Resource estimate of 7 million lbs U3O8 (21.5 million tonnes at a grade of 140 ppm U3O8 using a 100 ppm cut-off grade) and a N.I. 43-101 Inferred Mineral Resource estimate of 37 million lbs U3O8 (140.6 million tonnes at a grade of 120 ppm U3O8 using a 100 ppm cut-off grade) on its 100%-owned exploration properties in Quebec. Uracan continues to review additional opportunities worldwide to capitalize on management's exploration and financing capabilities.
In early 2013, Uracan signed an agreement with UEX Corporation, whereby Uracan acquired the option to earn from UEX a 60% participating interest in the Black Lake Property along the northern margin of the Athabasca Basin. UEX currently holds an 89.99% interest in the Black Lake Project with AREVA Resources Canada Inc. ("AREVA") holding the remaining 10.01% interest.
ON BEHALF OF THE BOARD OF DIRECTORS
Richard J. Mazur, P.Geo.
President & CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information contact:
Rick Mazur, President & CEO
Tel: 604-630-1585
Matt Terriss, Director, Corporate Affairs
Tel: 604-638-3947
Robin Cook, Senior Account Manager
CHF Investor Relations
Tel: 416-868-1079 x 228
Email: robin@chfir.com
http://www.forumuranium.com/s/NewsReleases.asp?ReportID=663365&_Type=&_Title=Forum-Options-Patterson-Lake-South-Area-Property-to-Uracan-Resources
Fwiw, the video below mentions in some detail, a junior explorer that I've owned for several years at considerably higher prices named Forum Uranium (FDC.V ~ FDCFF)
SNN Straight Talk, Guest Mark Lackey on uranium .
Forum Uranium tests Athabasca ground
By Matthew Keevil
www.northernminer.com
• VOL. 100, NO. 13 • SINCE 1915
May 12-18, 2014
VANCOUVER — It’s been a busy year for explorer Forum Uranium (TSXV: FDC; US-OTC: FDCFF), with a pair of drill programs on opposing margins of Saskatchewan’s prolific Athasbasca basin.
The company’s sizable regional uranium portfolio is geographically diverse, but its two most active assets include a stake in the Northwest Athabasca joint venture — alongside partners Areva, Cameco and junior NexGen Energy — and the wholly owned Clearwater project, which sits next to Fission Uranium’s Patterson Lake South (PLS) discovery.
The latter is the result of staking ahead of a regional rush around Patterson Lake after Fission’s inaugural drill holes, with Forum scoring a 99 sq. km property position adjoining PLS to the southwest.
Since the area is unexplored Clearwater is at the greenfield stage, and the company’s 2,300-metre drill initiative in early 2014 was a scout program.
“It was sort of a broad-brush testing program. Five targets ended up hitting some pretty nice zones, with good structures and strong graphitic conductors,” president and CEO Richard Mazur said during a phone interview.
Continued at:
http://www.forumuranium.com/i/pdf/NorthernMiner-May2014.pdf
Forum Uranium Drilling Confirms High Grade Intersections In The Maurice Bay Deposit And Extends Otis West Zone
Vancouver, B.C., May 01, 2014 - Forum Uranium Corp. (TSX: FDC.V: OTC: FDCFF) announces it has completed its 2014 winter drill program at the Northwest Athabasca JV project (NWA JV). A total of 2,911 metres (m) in 13 holes on 5 separate targets were completed. Drilling has confirmed historic high grade mineralization drilled by previous operators at the Maurice Bay deposit* by intersecting "off-scale" radioactivity.
Three of the five exploration targets: Otis West, Zone A and Maurice Bay East returned positive results. Drilling at Otis West has extended the mineralized strike length to 70m from 50m and remains open to the east. These latest results from the NWA JV project will be reviewed with Forum's joint venture partners with the intent of planning a follow-up drill program.
Maurice Bay Deposit & Basement Targets
Two holes (see Figure 1) were drilled to test for possible deep mineralization within the basement rock beneath the historic mineralization at the Maurice Bay deposit, with one of the holes transecting the historic mineralization. Hole NWA-72 returned 1.4m of "off-scale" radioactivity in a mineralized zone totaling 5m within Athabasca sandstone in the Main Zone of the Maurice Bay Deposit. Radioactivity also extended 4.5m down into the basement for a total zone of 9.5m of mineralization, but no additional mineralization was identified at depth.
Otis West
Three drill holes completed at Otis West have extended the mineralized strike length to 70m from 50m. Mineralization, which is hosted in the basement rocks, remains open to the east.
* Hole NWA-73 returned approximately 30m of anomalous values from 143 to 175m with a peak of 1,400cps in a section of heavy core loss. The down-hole probe further identified radioactivity measurements of up to 11,500cps in a radioactive zone over 1.5m, which suggests that final assays may not be representative due to the extensive core loss. Targeted drilling near Hole NWA-73 will be required to thoroughly test this area for mineralization.
* Hole NWA-74 returned approximately 70m of anomalous values from 150 to 220m with a peak of 4,500cps, also in an area of heavy core loss.
* Hole NWA-75 tested the interpreted down-dip extension of NWA-74 and also intersected the fault zone but with only weakly elevated radiometrics over a 70m interval from 150m to 220m.
Further drilling will be required to test the Otis West target, which extends for 400m as a strong gravity low, along the Otis fault which runs parallel to the Maurice Bay fault.
Zone A
Three holes were drilled in the Zone A area, testing the interpreted south and north strike extensions of uranium mineralization grading 1.34% U3O8 over 3m at a depth of 90m encountered in 2013. Hole NWA-77, located 15m to the north intersected elevated radiometrics in three separate sections in the overlying sandstone including immediately above the unconformity at 70.6m depth. A brecciated quartz-rich zone in basement rocks returned up to 1,600cps at 78.6m and 600cps at 82.5m. Zone A remains of interest, as nearby historic drilling in the basement returned grades of up to 6m of 5.65% U3O8 at a greater depth beginning at 115m.
Maurice Bay East
One hole, NWA-79, was drilled in the Maurice Bay East gravity target. It returned large sections of chloritized and quartz dissolved sandstones from 52m down to the unconformity at 138m with weakly elevated radiometrics at 104 to 117m with a peak of 250cps at 113.5m and in the basement lithologies at 159.5 to 162m (200cps). Further evaluation of this area is warranted to identify follow-up drill targets.
Otis East
Three holes were drilled on the Otis East gravity target. These holes returned strongly altered sandstones and basement lithologies and brecciation, but no significant uranium mineralization was intersected.
Quality Assurance/Quality Control
The reader is cautioned that natural gamma radiation in drill core as reported in this news release and measured in counts per second (cps) using a total count gamma-ray scintillometer are not directly or uniformly related to uranium grades of the rock sample measured, and should be used only as a preliminary indication of the presence of radioactive materials. Core samples have been sent to the Saskatchewan Research Council for assaying and results are expected in June. The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in NI 43-101 and reviewed by Ken Wheatley, P. Geo. (Saskatchewan and Nunavut), Vice President, Exploration for Forum Uranium Corp., a Qualified Person under NI 43-101
Maurice Bay Deposit*
A 1.5 million pound historical uranium resource (600 tonnes grading 0.6% U3O8) for the Maurice Bay deposit, is reported by Saskatchewan Industry and Resources, Miscellaneous Report 2003-7. The Maurice Bay historical resource estimate was completed prior to the implementation of National Instrument 43-101. Given the extensive exploration work completed by experienced mineral resource companies, and the quality of the historical work completed, the Company believes the historical estimate to be relevant and reliable. However, a qualified person has not completed sufficient work to verify and classify the historical estimate as a current mineral resource, and the Company is not treating the historical estimate as a current mineral resource. Hence, the estimate should not be relied upon. It should be noted that mineral resources, which are not mineral reserves, do not have demonstrated economic viability.
Northwest Athabasca Joint Venture Project
The NWA JV project is a joint venture held 64% jointly by Forum and NexGen Energy Ltd. Forum is Operator of the joint venture with 23.5% partner Cameco Corporation and 12.5% partner AREVA Resources Canada Inc. Forum and AREVA only participated in this winter drill program and the joint venture is subject to dilution provisions.
Figure 1: Map of Maurice Bay Deposit Area. The blue colours represent gravity lows, the reds are gravity highs. Yellow dots are historical holes, most of which were stopped at the unconformity. Green dots are 2012/13 drill holes. The red dots are the drill holes completed in 2014.
About Forum Uranium
Forum Uranium Corp. is a Canadian-based energy company with a focus on the acquisition, exploration and development of Canadian uranium projects. Forum has assembled a highly experienced team of exploration professionals with a track record of mine discoveries for unconformity-style uranium deposits in Canada. The Company has a strategy to discover near surface uranium deposits in the Athabasca Basin, Saskatchewan and the Thelon Basin, Nunavut by exploring on its 100% owned properties and through strategic partnerships and joint ventures. For more information, please visit: http://www.forumuranium.com
ON BEHALF OF THE BOARD
Richard J. Mazur, P.Geo.
President & CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information contact:
Rick Mazur, President & CEO
Tel: 604-638-3943
Matt Terriss, Director, Corporate Affairs
Tel: 604-638-3947
Robin Cook, Senior Account Manager
CHF Investor Relations
Tel: 416-868-1079 x 228
Email: robin@chfir.com
http://www.forumuranium.com/s/NewsReleases.asp?ReportID=650641&_Type=&_Title=Drilling-Confirms-High-Grade-Intersections-In-The-Maurice-Bay-Deposit-And-E...
Five Major Structural Trends, Radioactivity and Alteration Identified by Drilling at Forum Uranium's Clearwater Project, Patterson Lake South Area
Vancouver, B.C., April 17, 2014 - Forum Uranium Corp.'s (TSX:FDC-V; OTC:FDCFF) winter drill program on its 100% owned Clearwater Property has successfully identified five major structural trends with reactivated graphitic shear zones, alteration, and areas of localized radioactivity. These positive results warrant leaving the camp and drill on site to expedite the planning of a follow-up summer program with minimal start-up costs.
Regional exploratory drilling of gravity and electromagnetic targets intersected brecciated graphite/pyrite in reactivated faults on all electromagnetic conductor targets (Figure 1). Two drill holes (CW-07 and CW-08) returned a mix of strong chloritization, variable bleaching and localized secondary hematite, indicating oxidized fluids (Figure 2). Two holes, CW-05 (Mongo target) on the interpreted south-west extension of the Patterson Lake structure and CW-09 on the eastern "arm" returned elevated radioactivity. The Mongo hole returned minor graphite, brittle/ductile breccia zones and a local radioactive peak of 300cps. Numerous targets along the 3km long Mongo trend remain. Hole CW-09 intersected strongly altered and corroded, weakly graphitic pelitic gneiss with locally elevated radioactivity of up to 300cps. Further drilling in both these areas has been recommended by Forum's technical team.
Ken Wheatley, Vice President of Exploration commented "Forum is pleased with its initial drill program on this project. The combination of sub-vertical reactivated graphitic shear zones, intense alteration in the upper sections of the holes and the occasional occurrence of secondary hematite is indicative of the type of environment for transporting uranium bearing fluids. Clearwater is a large and untested property strategically located along strike from the PLS deposits, and this first pass limited drill program has provided valuable geological insight. We still have plenty of targets to drill along these structural corridors on the northern claim, and have yet to begin drilling the southern claims with their conductive trends, airborne radiometric anomalies and high uranium values in the lake sediments."
Forum completed nine holes totaling 2,310 metres on nine separate, widely spaced targets, including a number of gravity lows, radon anomalies and EM conductors both on strike and running parallel to Fission Uranium's Patterson Lake South trend. Analytical results are expected in early June. The drill program terminated early due to spring break-up, and planned drilling of a second hole on Mongo Lake was deferred due to poor ice conditions.
Forum will continue to prioritize the numerous conductive trends on the project and identify new targets from further evaluation of the results of this program. Most of the area is accessible all year round.
Figure 1: Gravity and radon anomalies with EM conductors on Forum's Clearwater Project. Red lines are airborne EM conductors, black dashed lines are interpreted structural trends. The background colours are from an airborne magnetometer survey.
Figure 2: Drill hole locations on ground gravity background. Solid black lines are EM conductors, dashed black line is a major lithological contact. Hole CW-09 intersected strongly altered and corroded weakly graphitic pelitic gneiss with locally elevated radiometrics of up to 300cps. Hole CW-05 returned minor graphite, brittle/ductile breccia zones and a local radiometric peak of 300cps at 280m depth
Ken Wheatley, P.Geo. (Saskatchewan/Nunavut), Forum's Vice President, Exploration is the Qualified Person that has reviewed and approved the contents of this news release.
About Forum Uranium
Forum Uranium Corp. is a Canadian-based energy company with a focus on the acquisition, exploration and development of Canadian uranium projects. Forum has assembled a highly experienced team of exploration professionals with a track record of mine discoveries for unconformity-style uranium deposits in Canada. The Company has a strategy to discover near surface uranium deposits in the Athabasca Basin, Saskatchewan and the Thelon Basin, Nunavut by exploring on its 100% owned properties and through strategic partnerships and joint ventures. For more information, please visit: http://www.forumuranium.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
ON BEHALF OF THE BOARD OF DIRECTORS
Richard J. Mazur, P.Geo.
President & CEO
For further information contact:
Rick Mazur, President & CEO
Tel: 604-638-3943
Matt Terriss, Director, Corporate Affairs
Tel: 604-638-3947
Robin Cook, Senior Account Manager
CHF Investor Relations
Tel: 416-868-1079 x 228
Email: robin@chfir.com
http://www.forumuranium.com/s/NewsReleases.asp?ReportID=648373&_Type=&_Title=Five-Major-Structural-Trends-Radioactivity-and-Alteration-Identified-by-Dri...
Five Major Structural Trends, Radioactivity and Alteration Identified by Drilling at Forum Uranium's Clearwater Project, Patterson Lake South Area
Vancouver, B.C., April 17, 2014 - Forum Uranium Corp.'s (TSX:FDC-V; OTC:FDCFF) winter drill program on its 100% owned Clearwater Property has successfully identified five major structural trends with reactivated graphitic shear zones, alteration, and areas of localized radioactivity. These positive results warrant leaving the camp and drill on site to expedite the planning of a follow-up summer program with minimal start-up costs.
Regional exploratory drilling of gravity and electromagnetic targets intersected brecciated graphite/pyrite in reactivated faults on all electromagnetic conductor targets (Figure 1). Two drill holes (CW-07 and CW-08) returned a mix of strong chloritization, variable bleaching and localized secondary hematite, indicating oxidized fluids (Figure 2). Two holes, CW-05 (Mongo target) on the interpreted south-west extension of the Patterson Lake structure and CW-09 on the eastern "arm" returned elevated radioactivity. The Mongo hole returned minor graphite, brittle/ductile breccia zones and a local radioactive peak of 300cps. Numerous targets along the 3km long Mongo trend remain. Hole CW-09 intersected strongly altered and corroded, weakly graphitic pelitic gneiss with locally elevated radioactivity of up to 300cps. Further drilling in both these areas has been recommended by Forum's technical team.
Ken Wheatley, Vice President of Exploration commented "Forum is pleased with its initial drill program on this project. The combination of sub-vertical reactivated graphitic shear zones, intense alteration in the upper sections of the holes and the occasional occurrence of secondary hematite is indicative of the type of environment for transporting uranium bearing fluids. Clearwater is a large and untested property strategically located along strike from the PLS deposits, and this first pass limited drill program has provided valuable geological insight. We still have plenty of targets to drill along these structural corridors on the northern claim, and have yet to begin drilling the southern claims with their conductive trends, airborne radiometric anomalies and high uranium values in the lake sediments."
Forum completed nine holes totaling 2,310 metres on nine separate, widely spaced targets, including a number of gravity lows, radon anomalies and EM conductors both on strike and running parallel to Fission Uranium's Patterson Lake South trend. Analytical results are expected in early June. The drill program terminated early due to spring break-up, and planned drilling of a second hole on Mongo Lake was deferred due to poor ice conditions.
Forum will continue to prioritize the numerous conductive trends on the project and identify new targets from further evaluation of the results of this program. Most of the area is accessible all year round.
Figure 1: Gravity and radon anomalies with EM conductors on Forum's Clearwater Project. Red lines are airborne EM conductors, black dashed lines are interpreted structural trends. The background colours are from an airborne magnetometer survey.
Figure 2: Drill hole locations on ground gravity background. Solid black lines are EM conductors, dashed black line is a major lithological contact. Hole CW-09 intersected strongly altered and corroded weakly graphitic pelitic gneiss with locally elevated radiometrics of up to 300cps. Hole CW-05 returned minor graphite, brittle/ductile breccia zones and a local radiometric peak of 300cps at 280m depth
Ken Wheatley, P.Geo. (Saskatchewan/Nunavut), Forum's Vice President, Exploration is the Qualified Person that has reviewed and approved the contents of this news release.
About Forum Uranium
Forum Uranium Corp. is a Canadian-based energy company with a focus on the acquisition, exploration and development of Canadian uranium projects. Forum has assembled a highly experienced team of exploration professionals with a track record of mine discoveries for unconformity-style uranium deposits in Canada. The Company has a strategy to discover near surface uranium deposits in the Athabasca Basin, Saskatchewan and the Thelon Basin, Nunavut by exploring on its 100% owned properties and through strategic partnerships and joint ventures. For more information, please visit: http://www.forumuranium.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
ON BEHALF OF THE BOARD OF DIRECTORS
Richard J. Mazur, P.Geo.
President & CEO
For further information contact:
Rick Mazur, President & CEO
Tel: 604-638-3943
Matt Terriss, Director, Corporate Affairs
Tel: 604-638-3947
Robin Cook, Senior Account Manager
CHF Investor Relations
Tel: 416-868-1079 x 228
Email: robin@chfir.com
http://www.forumuranium.com/s/NewsReleases.asp?ReportID=648373&_Type=&_Title=Five-Major-Structural-Trends-Radioactivity-and-Alteration-Identified-by-Dri...
Forum Uranium Share Structure (FDC.V ~ FDCFF}
March 27, 2014
Shares Outstanding 35,656,814
Warrants 15,211,503 ( at $0.49 and $0.50 )
2,820,550 ( at $0.65 and $0.70 )
2,796,000 ( at $0.40 and $0.45 )
Forum Commences Drilling At Northwest Athabasca JV To Follow-Up On 39.5M Of Uranium Mineralization
Vancouver, B.C., March 24, 2014 - Forum Uranium Corp. (FDC:TSX-V; OTC:FDCFF "Forum" or the "Company") is pleased to announce that the 3,000 metre drill program approved by the Northwest Athabasca Joint Venture has commenced. This program will follow-up on the positive results obtained from last winter's drilling, which included Hole NWA-63, (39.5m of 0.15% U3O8 including a 0.5 m interval grading 1.8% U3O8; See press release dated June 5, 2013) drilled on the Otis West target. The mineralization discovered in 2013 at Otis West is hosted within basement rocks along a major fault (the Otis fault) parallel to the Maurice Bay fault. It has a strike length of 50m, a vertical extent of approximately 110m, and remains open to the east and at depth.
This drill program is designed to determine the eastern extent of the mineralization discovered at Otis West and its extension on to the Otis East gravity target, both of which lie on the south side of the 1.5 million pound Maurice Bay deposit* (See Figure 1) and extend for one kilometre within strong side by side gravity lows. In addition, planned drilling will also test basement targets identified below the unconformity style Maurice Bay deposit, Zone "A" (historic grades of up to 6m of 5.64% U3O8 at a depth of 113m to 119m drilled in 1978 by Uranerz Exploration and Mining, a predecessor company of Cameco Corporation) and an untested gravity low on the east side and on strike with the Maurice Bay deposit (MB East).
The Northwest Athabasca Property continues to be a prolific area for uranium mineralization, both unconformity-style as demonstrated by the Maurice Bay deposit, and basement-style as determined by three out of four gravity targets drilled that host uranium mineralization in the basement rocks. Five of the nine holes drilled last winter on Otis West intersected shallow uranium mineralization in highly altered basement rocks. This is typical of the class of basement-hosted deposits, such as Fission Uranium's Patterson Lake South discovery, Rio Tinto's Roughrider deposit and Cameco's Millennium deposit, albeit each with their own characteristics.
Forum is Operator of the Northwest Athabasca JV, which is the Company's second drill campaign of the current season. Drilling is continuing at Forum's 100% owned Clearwater project, located on trend and immediately adjacent to the southwest of Fission Uranium's Patterson Lake South (PLS) discovery (See press release dated February 26, 2014)
Maurice Bay Deposit*
The Maurice Bay deposit is a 1.5 million pound historical uranium resource estimate based on 600 tonnes grading 0.6% U3O8, as reported by Saskatchewan Industry and Resources, Miscellaneous Report 2003-7. The Maurice Bay historical resource estimate was completed prior to the implementation of National Instrument 43-101. Given the extensive exploration work completed by experienced mineral resource companies, and the quality of the historical work completed, the Company believes the historical estimate to be relevant and reliable. However, a qualified person has not completed sufficient work to verify and classify the historical estimate as a current mineral resource, and the Company is not treating the historical estimate as a current mineral resource. Hence, the estimate should not be relied upon. It should be noted that mineral resources, which are not mineral reserves, do not have demonstrated economic viability. The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in NI 43-101 and reviewed by Ken Wheatley, P. Geo. (Saskatchewan and Nunavut), Vice President, Exploration for Forum Uranium Corp., a qualified person under NI 43-101.
Figure 1: Map of Maurice Bay Deposit Area. Blue colours represent gravity lows, the reds are gravity highs, contours are depth to the unconformity. The uranium mineralization is in pink. Yellow dots are historical holes, most of which were stopped at the unconformity and red dots with white outlines are the proposed drill holes for 2014.
NW Athabasca Joint Venture
The NW Athabasca project is a joint venture held 64% jointly by Forum and NexGen Energy Ltd. Forum is Operator of the joint venture with 23.5% partner Cameco Corporation and 12.5% partner AREVA Resources Canada Inc.
About Forum Uranium
Forum Uranium Corp. is a Canadian-based energy company with a focus on the acquisition, exploration and development of Canadian uranium projects. Forum has assembled a highly experienced team of exploration professionals with a track record of mine discoveries for unconformity-style uranium deposits in Canada. The Company has a strategy to discover near surface uranium deposits in the Athabasca Basin, Saskatchewan and the Thelon Basin, Nunavut by exploring on its 100% owned properties and through strategic partnerships and joint ventures.
ON BEHALF OF THE BOARD
Richard J. Mazur, P.Geo.
President & CEO
For further information contact:
Rick Mazur, President & CEO
Tel: 604-638-3943
Matt Terriss, Director, Corporate Affairs
Tel: 604-638-3947
Or
Robin Cook, Senior Account Manager
CHF Investor Relations
Tel: 416-868-1079 x 228
Email: robin@chfir.com
http://www.forumuranium.com/s/NewsReleases.asp?
Forum Uranium Commences Drill Program on its 100% Owned Clearwater Project, Patterson Lake South Area
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 26, 2014) - Forum Uranium Corp. (TSX VENTURE:FDC; OTC:FDCFF) has commenced drilling on its 100% owned Clearwater Property. Plans are to complete 3,000 metres of drilling to test approximately 11 targets that have been defined by a combination of ground gravity, airborne EM (graphitic conductors) and radon anomalies. A total of 12 to 15 holes are planned with a target depth of 100 to 200m. This project is located on trend and immediately adjacent to the southwest of Fission Uranium's Patterson Lake South (PLS) discovery.
The gravity and radon surveys were completed on the northernmost claim in the fall of 2013 and ground EM is currently in progress. Drilling will concentrate on the northern claim in this initial phase of drilling. While targets from airborne geophysical and lake sediment surveys are present in the central and southern claims, further ground gravity, ground EM and radon surveys must be completed prior to drilling.
Ken Wheatley, P.Geo. (Saskatchewan/Nunavut), Forum's Vice President, Exploration is the Qualified Person that has reviewed and approved the contents of this news release.
Figure 1: Gravity and radon anomalies with EM conductors on Forum's Clearwater Project. Red lines are airborne EM conductors, black dashed lines are interpreted structural trends. Yellow circles are locations of anomalous lake sediment samples. The background colours are from an airborne magnetometer survey.
About Forum Uranium
Forum Uranium Corp. is a Canadian-based energy company with a focus on the acquisition, exploration and development of Canadian uranium projects. Forum has assembled a highly experienced team of exploration professionals with a track record of mine discoveries for unconformity-style uranium deposits in Canada. The Company has a strategy to discover near surface uranium deposits in the Athabasca Basin, Saskatchewan and the Thelon Basin, Nunavut by exploring on its 100% owned properties and through strategic partnerships and joint ventures. For more information, please visit: http://www.forumuranium.com
ON BEHALF OF THE BOARD OF DIRECTORS
Richard J. Mazur, P.Geo., President & CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forum Uranium Corp.
Rick Mazur
President & CEO
604-630-1585
Forum Uranium Corp.
Matt Terriss
Director, Corporate Affairs
604-638-3947
CHF Investor Relations
Robin Cook
Senior Account Manager
416-868-1079 x 228
robin@chfir.com
http://www.forumuranium.com/s/NewsReleases.asp?
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Forum Uranium (V.FDC) kicks off Saskatchewan drilling, stock rallies 8%
http://www.stockhouse.com/news/natural-resources/2014/02/26/forum-uranium-v-fdc-kicks-off-saskatchewan-drilling-stock-rallies-8#
Forum Uranium consolidates North Thelon properties
Forum Uranium Corp. (FDC.V; FDCFF) has consolidated its North Thelon property interests by entering into a purchase and sales agreement with Agnico Eagle Mines Ltd. (AEM.T; AEM) to acquire a 100% interest in Agnico Eagle's Judge Sissons and Schultz Lake claims.
Sufficient work has been done by Forum to keep these claims in good standing with minimal expenditures for three years.
According to the Forum Uranium press release, Agnico Eagle's claims are strategically located immediately adjacent to AREVA Resources Canada Inc.'s 133 million pound Kiggavik uranium deposit in Nunavut, which averages 0.54% U3O8, and is being permitted for an open pit and underground uranium mine that is projected to produce eight million pounds per year over a mine life of approximately 17 years.
Under the terms of the agreement, which replaces the previous option agreement completed with Agnico Eagle in 2008, Forum will acquire a 100% interest in the Judge Sissons and Schultz Lake claims for $250,000 cash, 675,000 common shares and a 2.0% net smelter royalty.
On completion of the transaction, which is subject to approval of the TSX Venture Exchange, Agnico Eagle will own 4.0% of Forum's outstanding common shares.
Forum Uranium is an energy company with a focus on the acquisition, exploration and development of Canadian uranium projects.
On Thursday, Forum Uranium was up 5.5% and was trading at $0.385 a share. The company had a market cap of $11.2 million, based on 29.1 million shares outstanding.
http://www.stockhouse.com/news/natural-resources/2014/02/06/forum-uranium-v-fdc-consolidates-north-thelon-properties#
Forum Uranium Encounters Strong Uranium Values in Lake Sediments at Clearwater Claims, Patterson Lake South
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov 26, 2013) - Forum Uranium Corp. (TSX VENTURE:FDC; OTC:FDCFF ) is pleased to announce results from a lake sediment survey recently completed in the southern part of its 100% owned Clearwater project, on trend and immediately adjacent to the southwest of the Alpha Minerals/Fission Uranium Patterson Lake South (PLS) discovery. Eleven samples were taken, with strong values ranging from 12 to 18ppm uranium found in a small lake bordering a magnetic high interpreted to be part of the Clearwater intrusive complex. These results are significant as they are nine times higher than background values of 1 to 2ppm uranium in the area along the interpreted fertile Patterson Lake South Conductor (Figure 1).
The contact between this complex and the metasediments to the east may provide a competency contrast for fault development and a structural path for migrating uranium-bearing fluids. The anomalous values are located down-ice from the structural contact. The historic value for this lake was 8ppm uranium. A second lake, located in the center of the metasediments that host the graphitic EM conductors, returned 5ppm uranium which is comparable to historic values of up to 4ppm uranium at PLS.
To date, most of the exploration work has been concentrated on the northern part of the property due to its proximity to the Fission/Alpha uranium discovery at Patterson Lake South (Figure 1). The lake sediment uranium values returned from this limited survey in the southern part of the property further enhances the exploration potential throughout Forum's Clearwater claims.
Further lake sediment sampling is planned as part of the forthcoming 2014 winter program, which will also include additional radon surveys and targeted diamond drilling. Details of the winter 2014 program will be announced upon completion of the gravity survey which is currently underway.
Figure 1: Lake Sediment Results from Forum's Clearwater Project: http://media3.marketwire.com/docs/forum_map1.jpg
Ken Wheatley, P.Geo. (Saskatchewan/Nunavut), Forum's Vice President, Exploration is the Qualified Person that has reviewed and approved the contents of this news release.
About Forum Uranium
Forum Uranium Corp. is a Canadian-based energy company with a focus on the acquisition, exploration and development of Canadian uranium projects. Forum has assembled a highly experienced team of exploration professionals with a track record of mine discoveries for unconformity-style uranium deposits in Canada. The Company has a strategy to discover near surface uranium deposits in the Athabasca Basin, Saskatchewan and the Thelon Basin, Nunavut by exploring on its 100% owned properties and through strategic partnerships and joint ventures.
ON BEHALF OF THE BOARD OF DIRECTORS
Richard J. Mazur, P.Geo., President & CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact:
Forum Uranium Corp.
Rick Mazur
President & CEO
604-630-1585
Forum Uranium Corp.
Matt Terriss
Director, Corporate Affairs
604-638-3947
info@forumuranium.com
http://www.forumuranium.com
CHF Investor Relations
Robin Cook
Senior Account Manager
416-868-1079 x 228
robin@chfir.com
http://finance.yahoo.com/news/forum-encounters-strong-uranium-values-113000157.html
Forum Uranium Commences Ground Gravity Survey to Follow-Up Significant Radon Results From the Clearwater (Patterson Lake South) Claims.
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov 14, 2013) - Forum Uranium Corp. (TSX VENTURE:FDC; OTC:FDCFF) has commenced a ground gravity survey over priority target areas on its 100% owned Clearwater Project on trend and immediately adjacent to the southwest of the Alpha Minerals/Fission Uranium Patterson Lake South (PLS) discovery. The gravity survey will be conducted over significant radon anomalies and priority areas of electromagnetic (EM) conductors along strike with the PLS discovery. This will identify areas of low density rock, typically caused by alteration halos that may be associated with uranium mineralization. The survey is scheduled to conclude by early December.
Soil gas radon surveys conducted earlier this fall on Forum's claims returned comparable and higher results (up to 1.33 pCi/m2/sec) than those reported by Alpha/Fission, immediately west of the PLS R00E discovery zone, where maximum results of 0.95 pCi/m2/sec were returned. (Source:Fission Uranium Corp website). Similarly, radon in water results from a small lake on trend with PLS returned higher results of up to 18 pCi/liter compared to a maximum value of 12 pCi/liter directly overlying the Alpha/Fission R390E deposit (see press release dated October 22, 2013).
Forum views these results as significant given that these anomalous areas of radon were detected by RadonEx Ltd., whose Electret Ionization Chamber technology was highly successful in detecting the PLS uranium deposits. New data collected from the ground gravity survey will add to the information currently being analyzed to identify drill targets for the initial drill testing planned for January, 2014. In addition, a new radon sampling survey in lakes is planned as part of the winter 2014 program.
To view Figure 1, click on the following link: http://media3.marketwire.com/docs/911345m.pdf
Ken Wheatley, P.Geo. (Saskatchewan/Nunavut), Forum's Vice President, Exploration is the Qualified Person that has reviewed and approved the contents of this news release.
About Forum Uranium
Forum Uranium Corp. is a Canadian-based energy company with a focus on the acquisition, exploration and development of Canadian uranium projects. Forum has assembled a highly experienced team of exploration professionals with a track record of mine discoveries for unconformity-style uranium deposits in Canada. The Company has a strategy to discover near surface uranium deposits in the Athabasca Basin, Saskatchewan and the Thelon Basin, Nunavut by exploring on its 100% owned properties and through strategic partnerships and joint ventures. For more information, please visit: http://www.forumuranium.com
ON BEHALF OF THE BOARD OF DIRECTORS
Richard J. Mazur, P.Geo., President & CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
ON BEHALF OF THE BOARD OF DIRECTORS
Richard J. Mazur,
P.Geo., President & CEO
Contact:
Forum Uranium Corp.
Rick Mazur
President & CEO
604-630-1585
Forum Uranium Corp.
Matt Terriss
Director, Corporate Affairs
604-638-3947
info@forumuranium.com
http://www.forumuranium.com
CHF Investor Relations
Robin Cook
Senior Account Manager
416-868-1079 x 228
robin@chfir.com
http://finance.yahoo.com/news/forum-commences-ground-gravity-survey-133000234.html
Anomalous Radon Results Returned From Forum Uranium Claims at Patterson Lake
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 22, 2013) - Forum Uranium Corp. (TSX VENTURE:FDC; OTC:FDCFF) is pleased to announce results from a radon survey on its 100% owned Clearwater Project on trend and immediately adjacent to the southwest of the Alpha Minerals/Fission Uranium Patterson Lake South (PLS) discovery. Forum conducted soil gas radon surveys over three different grid areas in August and September. Five water samples were also taken on the northern grid with very positive results.
Forum contracted RadonEx Ltd. to conduct the surveys, whose Electret Ionization Chamber technology was highly successful in detecting the PLS uranium deposits. The soil gas radon results obtained are similar and higher than those located immediately west of the R00E PLS deposit located on high ground where maximum results of 0.95 pCi/m2/sec were returned (Source:Fission website).The following soil gas radon results were obtained from Forum's Clearwater project:
• Bear Grid - up to 1.33 pCi/m2/sec
• West Bear Grid - up to 1.08 pCi/m2/sec
• Mungo Grid - up to 0.92 pCi/m2/sec
A total of 428 samples were taken over areas with electromagnetic (EM) conductors and over the interpreted extension of the Patterson Lake structure that hosts the PLS deposits currently being drilled by Alpha/Fission (Figure 1).
Radon in water was also sampled on a small lake in the southeast corner of the Mungo grid which returned up to 18 pCi/litre, which is considered to be very anomalous when compared with a maximum value of 12 pCi/litre immediately over the Patterson Lake South deposits (Source:Fission website). More importantly, this lake lies along one of the interpreted structural extensions of the fertile PLS fault and conductor system that hosts the PLS uranium deposits.
Forum is extremely pleased with these results and may conduct further radon in water surveys this winter. Forum will conduct a ground gravity survey this fall, followed by ground electromagnetic surveys. The gravity survey will cover the areas already covered by the radon survey, which will give Forum a complete picture to define targets for drilling in late January 2014.
To view "Figure 1: Radon results from Forum's Clearwater Project", please visit the following link: http://media3.marketwire.com/docs/FDC-1022-fig1.pdf
Ken Wheatley, P.Geo. (Saskatchewan/Nunavut), Forum's Vice President, Exploration is the Qualified Person that has reviewed and approved the contents of this news release.
About Forum Uranium
Forum Uranium Corp. is a Canadian-based energy company with a focus on the acquisition, exploration and development of Canadian uranium projects. Forum has assembled a highly experienced team of exploration professionals with a track record of mine discoveries for unconformity-style uranium deposits in Canada. The Company has a strategy to discover near surface uranium deposits in the Athabasca Basin, Saskatchewan and the Thelon Basin, Nunavut by exploring on its 100% owned properties and through strategic partnerships and joint ventures. For more information, please visit: http://www.forumuranium.com
ON BEHALF OF THE BOARD OF DIRECTORS
Richard J. Mazur,
P.Geo., President & CEO
Contact:
Forum Uranium Corp.
Rick Mazur
President & CEO
604-630-1585
Forum Uranium Corp.
Matt Terriss
Director, Corporate Affairs
604-638-3947
info@forumuranium.com
http://www.forumuranium.com
CHF Investor Relations
Robin Cook
Senior Account Manager
416-868-1079 x 228
robin@chfir.com
http://finance.yahoo.com/news/anomalous-radon-results-returned-forum-103000802.html
Follow-Up Prospecting and Expanded Radon Surveys on Forum Uranium Claims at Patterson Lake
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 17, 2013) - Forum Uranium Corp. (TSX VENTURE:FDC; OTC:FDCFF) is pleased to announce further exploration of its 100% owned Clearwater Project on trend and immediately adjacent to the southwest of the Alpha Minerals/Fission Uranium Patterson Lake South discovery. Forum conducted ground radiometric prospecting, lake sediment geochemical surveys and soil gas radon surveys in late August/early September.
As a result of this program, further prospecting of airborne radiometric anomalies and expansion of the radon survey will take place. The radon survey has outlined a number of anomalous zones on two grids immediately southwest of the Alpha/Fission claim boundary. These results are very encouraging so the grids will be expanded to cover areas with airborne electromagnetic conductors on strike with the Patterson Lake South conductive trend. Upon completion of this follow-up program, Forum will conduct ground electromagnetic surveys this fall and ground gravity in early winter to outline targets for drilling in late January 2014.
Ken Wheatley, P.Geo. (Saskatchewan/Nunavut), Forum's Vice President, Exploration is the Qualified Person that has reviewed and approved the contents of this news release.
About Forum Uranium
Forum Uranium Corp. is a Canadian-based energy company with a focus on the acquisition, exploration and development of Canadian uranium projects. Forum has assembled a highly experienced team of exploration professionals with a track record of mine discoveries for unconformity-style uranium deposits in Canada. The Company has a strategy to discover near surface uranium deposits in the Athabasca Basin, Saskatchewan and the Thelon Basin, Nunavut by exploring on its 100% owned properties and through strategic partnerships and joint ventures. For more information, please visit: http://www.forumuranium.com
ON BEHALF OF THE BOARD OF DIRECTORS
Richard J. Mazur, P.Geo., President & CEO
Contact:
Forum Uranium Corp.
Rick Mazur
President & CEO
604-630-1585
Forum Uranium Corp.
Matt Terriss
Director, Corporate Affairs
604-638-3947
info@forumuranium.com
http://www.forumuranium.com
CHF Investor Relations
Robin Cook
Senior Account Manager
416-868-1079 x 228
robin@chfir.com
http://finance.yahoo.com/news/prospecting-expanded-radon-surveys-forum-123000984.html
Ground Prospecting, Radon and Geochemical Surveys Commence on Forum Uranium Claims at Patterson Lake
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 20, 2013) - Forum Uranium Corp. (TSX VENTURE:FDC; OTC:FDCFF) is pleased to announce the commencement of ground prospecting, radon and geochemical surveys over its 100% owned Clearwater Project on trend and immediately adjacent to the southwest of the Alpha Minerals/Fission Uranium Patterson Lake South discovery. Forum is in receipt of the data and interpretation from recently completed, airborne radiometric, magnetic and electromagnetic surveys over its 9,910 hectare property.
Highlights are:
• The electromagnetic conductor hosting the Patterson Lake uranium deposits and parallel conductors from the Alpha/Fission property trend on to Forum's claims in a northeast-southwest direction.
• A large number of elevated uranium channel anomalies from the radiometric survey have been identified.
• Two areas on Forum's claims with highly anomalous lake sediment samples have been identified from historical surveys.
Forum has mobilized a field crew to explore the property on the ground. A three pronged approach will be undertaken to evaluate Forum's claim area:
• Prospecting with hand-held scintillometers to determine the cause of the uranium anomalies identified by the airborne radiometric survey.
• Soil gas radon surveys will be conducted over selective areas.
• Sampling of lake bottom sediments for analysis of uranium content.
In addition, further ground geophysical surveys will be conducted this fall and early winter to outline targets for drilling in January 2014.
Ken Wheatley, P.Geo. (Saskatchewan/Nunavut), Forum's Vice President, Exploration is the Qualified Person that has reviewed and approved the contents of this news release.
About Forum Uranium
Forum Uranium Corp. is a Canadian-based energy company with a focus on the acquisition, exploration and development of Canadian uranium projects. Forum has assembled a highly experienced team of exploration professionals with a track record of mine discoveries for unconformity-style uranium deposits in Canada. The Company has a strategy to discover near surface uranium deposits in the Athabasca Basin, Saskatchewan and the Thelon Basin, Nunavut by exploring on its 100% owned properties and through strategic partnerships and joint ventures. For more information, please visit: http://www.forumuranium.com
ON BEHALF OF THE BOARD OF DIRECTORS
Richard J. Mazur, P.Geo., President & CEO
Contact:
Forum Uranium Corp.
Rick Mazur
President & CEO
604-689-3609
604-630-1585
Forum Uranium Corp.
Matt Terriss
Director, Corporate Affairs
604-638-3947
info@forumuranium.com
http://www.forumuranium.com
CHF Investor Relations
Robin Cook
Senior Account Manager
416-868-1079 x 228
robin@chfir.com
http://finance.yahoo.com/news/ground-prospecting-radon-geochemical-surveys-123000227.html
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Welcome to Forum Uranium Corporation, trading on the TSX Venture Exchange as FDC:TSX.V and over the counter as FDCFF.
Forum Uranium has a remarkably complete website covering:
Corporate structure (excerpted below)
News and press releases for the last three years,
Current projects
Photos,
Investors page, Quickreport, and
Full contact information.
http://www.forumuranium.com
Link to Toronto Stock Exchange (TSX):
http://www.tsx.com
Uranium Miner
http://www.uraniumminer.net/miners.htm
Canadian Uranium Stocks List
http://latesturanium.com/
Corporate structure (from company website):
Richard J. Mazur*
President, CEO & Director
Mr. Richard Mazur, P. Geo, MBA is a geoscientist who has held positions in the international exploration and mining industry for over 30 years as a project geologist, financial analyst and senior executive on uranium, gold, base metals, coal and industrial minerals projects in North and South America. Mr. Mazur worked over a ten year period (1974-1984) as a uranium exploration geologist in Saskatchewan, Nunavut, Yukon, Ontario, Quebec and the Maritime provinces for Pan Ocean Oil Ltd. He served as a Director and Senior Manager for Southwestern Resources Corp. and affiliated companies for over ten years. Currently he is also a Director of Alto Ventures Ltd., Impact Silver Corp., and Tanqueray Resources Ltd.
Ken Wheatley*
Vice President, Exploration of the Company
Mr. Wheatley is a Professional Geoscientist (P. Geo.) with the Association of Professional Engineers and Geoscientists in Saskatchewan, Alberta and Northwest Territories/Nunavut.He has has 27 continuous years of uranium exploration experience in Canada, most recently with AREVA Resources Canada Inc., one of the world's largest uranium exploration and production companies. He has an impressive record of discovery including eight uranium deposits, four of which became producing mines in the Athabasca Basin, Saskatchewan. Ken also managed the Kiggavik/Sissons project for AREVA, a project that contains a 130 million pound uranium deposit located in the Thelon Basin, Nunavut Territory, where Forum has a strategic land position.
Dr. Boen Tan*
Chief Geologist
Dr. Tan is a member of the Association of Professional Engineers and Geoscientists of Saskatchewan, and possesses over thirty-five years of uranium exploration experience. Dr. Tan joined Uranerz, a private German company, in 1969 and after a number of years as a field geologist in Germany and Australia, moved to Canada in 1973 as a senior geologist and Project Manager for Uranerz Exploration & Mining Ltd. (UEM), conducting uranium exploration in the Athabasca Basin.
Dr. Tan was instrumental in the discovery of the Key Lake uranium deposit and the development of the Key Lake Mine which produced 195 million pounds of U3O8 at a grade of 2.5% over a fifteen year mine life from 1983 to 1997. After the development of the Key Lake Mine, Dr. Tan continued to supervise UEM's uranium exploration and drilling programs in the Athabasca Basin, including regional exploration in the greater Key Lake area. Dr. Tan monitored the exploration and diamond drilling of UEM's joint ventures with Cameco Corporation at the McArthur River, Maurice Bay, Millenium and Rabbit Lake deposits until all uranium property and project interests were sold to Cameco in 1998. For the past seven years, Dr. Tan has acted as a consultant to a number of companies within the uranium business.
Bruce Harmeson, B.Sc.
Uranium Project Manager
Mr. Harmeson has been involved in the minerals exploration industry for 30 years. He was based in Indonesia from 1987 to 2003: 3 years as a consulting geologist (gold) and 12 years involved in contract drilling services. Previously, he worked as an exploration geologist (uranium), in Niger, for Pan Ocean Oil Ltd., and in northern Saskatchewan, with Uranerz Exploration and Mining Limited, where he was a member of the Maurice Bay deposit discovery team.
Philip Robertshaw, M.Sc, P.Geo,
Geophysical Consultant
Mr. Robertshaw is a mineral exploration geophysicist with 35 years of experience, a large part of which has been gained in the Athabasca Basin area. His professional career includes 6 years as a geophysical contractor with a wide range of international experience, and his 20 years with Uranerz Exploration and Mining Limited, based in Saskatchewan, where he became Chief Geophysicist. Since 1998, he has worked as an independent consultant with clients active in exploring for uranium, gold, base metals, and diamonds. He is a member of the Society of Economic Geologists (SEG), the Geologic Association of Canada (GAC), the Canadian Institute of Mining (CIM), and the Prospectors and Developers Association of Canada (PDAC).
Anthony Balme
Director
Mr. Balme is an active participant in a number of overseas resource ventures, both public and private. Mr. Balme is the Managing Director of Carter Capital Ltd. and A.M.C. Limited, two private UK investment funds. He identifies early stage opportunities in the resource sector and arranges financings to advance projects to the public market. Mr. Balme is also on the board of River Diamonds PLC.
John Prochnau*
Director
Mr. Prochnau is a mining engineer and geologist with degrees from the University of Washington, Seattle, USA, and McGill University, Montreal, Canada.
Early in his career, Mr. Prochnau held management positions with Selection Trust Group, where he was in charge of American operations and the discovery and development of the Alligator Ridge Gold Mine in Nevada, and Billiton International Metals B.V. of the Netherlands. He formed his consulting company in 1984 and has subsequently managed several private exploration syndicates and publicly listed mineral companies responsible for a number of gold and base metal discoveries and mine developments in the United States, South America and Australia.
Mr. Prochnau was founder of Brancote Holdings plc of which he was managing director until 1999. Brancote Holdings plc's Argentinean subsidiary, Minera El Desquite S.A., discovered the high-grade Esquel Gold Deposit which was acquired by Meridian Gold Corp. for USD $368 million.
Mr. Prochnau is one of eleven distinguished members of the Kitco/Casey Explorer's League, and is a member of a three man panel of advisors to Anglo Pacific Group plc, an AIM listed company primarily involved in strategic acquisitions in the mining sector.
David Cowan
Position: Director
Mr. Cowan is associate counsel with the law firm of Lang Michener LLP in Vancouver and has practised in the area of securities and corporate finance for over 15 years. He has represented numerous public and private companies in the mining and technology sectors and is also a director of Brazilian Diamonds Ltd and Alto Ventures Ltd.
John Paterson
Director
John Paterson, B.Sc. (Honours Geology) is a founding principal and President of Southwestern Resources Corp. and President of Superior Diamonds Inc. With over 32 years of experience in mineral exploration for various commodities, Mr. Paterson has worked extensively throughout Canada, the United States, South America, Asia and Australia. For 12 years in the 1970's and 80's, Mr. Paterson worked as a uranium exploration geologist for Uranerz Exploration and Mining Ltd. in Canada and Uranerz Australia PTY Ltd. Mr. Paterson has uranium exploration experience in a number of Proterozoic unconformity- style uranium areas including projects in the Athabasca Basin, Saskatchewan, the Thelon Basin, Nunavut, the Hornby Basin, Nunavut, Rum Jungle, Northern Territory, Australia and East Alligator River, Northern Territory, Australia. Mr. Paterson is a Fellow of the Geological Association of Canada and a member of the Australasian Institute of Mining and Metallurgy.
George W. Heard
Position: Director
George W. Heard, B.Sc., MBA, P.Eng. has 20 years experience in mineral exploration and mine feasibility, development and operation. Mr. Heard is currently President of Consolidated Global Minerals. He has several years experience in coal mine development, start-up and management for companies such as Arch Mineral Corporation and Carbon Coal Company in the United States, and Kaltim Prima Coal in Indonesia. Mr. Heard's expertise in coal exploration and mine development will be of particular benefit to the Company as it moves towards developing its British Columbia coal and coalbed methane projects.
* Is a Qualified Person under National Instrument 43-101
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