Forum Uranium Starts Drilling on NW Athabasca

Forum Uranium Corp. (TSXV:FDC) announced that it has commenced the 3,000-meter drill program on the NW Athabasca Joint Venture project for 20 holes.

As quoted in the press release:

To date, uranium mineralization has been intersected at the historical Zone 2A (2.48% U3O8 over 1.5 metres) and on two gravity targets (Opie and Barney) out of five targets investigated by two drill campaigns in 2012. There still remain 12 untested targets on the property.

Click here to read the full Forum Uranium Corp. (TSXV:FDC) press release.

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Peninsula Energy (ASX:PEN) is set to be the ASX’s next uranium producer. Its flagship Lance Projects in Wyoming is headed towards production in 2015, with purchasing contracts secured for 2015 to 2024.

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