Drilling on Formation Metals’ Uranium Project to Commence in June

Formation Metals Inc. (TSX:FCO) reports its final results from the Virgin River uranium project 2010 drill program.

The press release is quoted as saying:

The joint venture has approved a budget of $3 million for continued drilling on the Virgin River project for 2011, expected to commence in early June. Over $26.8 million has been spent on the project to date exploring for a large unconformity-type deposit that has resulted in the discovery of the Centennial Deposit.

Click here to access the entire news release. 

Click here to access Formation Metals’ company profile.