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Forum Uranium tests Athabasca ground

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basserdan Member Level  Wednesday, 05/21/14 11:13:29 AM
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Forum Uranium tests Athabasca ground

By Matthew Keevil
• 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.

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