Vancouver, BC – Forum Energy Metals Corp. (TSX.V: FMC; OTCQB: FDCFF) (“Forum” or “the Company”) is pleased to announce that it has received its drill permit for a 3,000 meter drill program on its owned property 100 % Wollaston Uranium Projectlocated 10 km southeast of the Cameco Rabbit Lake mill and 30 km southeast of Orano/Denison’s McClean Lake mill (Figure 1). Drill crews have been mobilized to the property and drilling is expected to begin next week.
Ken Wheatley, Forum Vice President, Exploration, said, “We are very excited about this drill program, which brings new techniques and models to an older project in a prolific area for mineral deposits. ‘uranium. We will test targets that exhibit a combination of structurally staggered graphitic conductors with associated gravity dips. Any mineralization found would provide proximity Cameco and the Orano/Denison uranium mills with easy access to mill feed.’
Rick MazurPresident and CEO, said, “We commend Hatchet Lake Denesuline First Nation for their input into the project parameters during the engagement process and their collaboration in providing services to Forum for the delivery of this program. drilling. »
The Wollaston project is located just outside the margin of the underlying athabasca sandstone and is promising for subsurface-hosted unconformity-type uranium deposits (Eagle’s Point, Arrow). The northeast area of the Athabasca Basin is well endowed with uranium deposits that have been discovered and mined since the original discovery of the Rabbit Lake mine in 1968 (Figure 2). Gravity crews have completed surveys of the main target areas to be drill tested (Figure 3). These surveys detect alteration halos surrounding potential uranium deposits associated with structures bounded by electromagnetic (EM) conductors.
On Forum Energy Metals
Forum Energy Metals Corp. (TSX.V: FMC; OTCQB: FDCFF) is a diversified energy metals company with uranium, copper, nickel and cobalt projects in Saskatchewan, Canada Mining province ranked number one for exploration and development, a strategic position on uranium lands Nunavut and a strategic position of cobalt lands in the Idaho cobalt belt. For more information: www.forumenergymetals.com
Forward-looking statements
This press release contains forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in these statements.
Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause Forum’s actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. These factors include, but are not limited to: historical data uncertainties, work expenditure commitments; the ability to raise sufficient capital to fund future exploration or development programs; changes in economic or financial market conditions; changes in commodity prices, litigation, legislative, environmental and other legal, regulatory, political and competitive developments; technological or operational difficulties or an inability to obtain the permits required to maintain or advance its exploration projects.
Contact:
Rick Mazur, P. Geo.
President and CEO
Email: mazur@forumenergymetals.com
Tel: 604-630-1585
(C) 2022 electronic news edition, source ENP Newswire
