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    cobalt investing

    Formation Metals Announce Updates on its Virgin River Uranium Property

    Written by Investing News Network
    |
    Jan. 12, 2012 10:06AM PST

    Formation Metals Inc.(TSX:FCO) reported that plans for the 2012 drill program at Virgin River have been approved. The Company have a budget of $2.15 million for the 2012 program and plan to drill 5-6 diamond drill holes and 2-3 wedge diamond drill holes.

    Formation Metals Inc.(TSX:FCO) reported that plans for the 2012 drill program at Virgin River have been approved. The Company have a budget of $2.15 million for the 2012 program and plan to drill 5-6 diamond drill holes and 2-3 wedge diamond drill holes.

    As quoted in the press release:

    A budget of $2.15 million for the 2012 diamond drilling and geophysical exploration program on the Virgin River Project has been approved by the joint venture. The 2012 program is expected to consist of 5 – 6 diamond drill holes and 2 – 3 wedge off-cut diamond drill holes.

    Click here to read the Formation Metals Inc. (TSX:FCO) press release


    Click here to see the Formation Metals Inc. (TSX:FCO) profile.

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