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    Forum Purchases 100% Interest in Tanqueray Claims at the North Thelon Project, Nunavut

    Investing News Network
    Oct. 21, 2010 11:22PM PST
    Rare Earth Investing

    Forum Uranium Corp. (CVE:FDC) and Tanqueray Resources Ltd. (CVE:TQY) reports that Forum will acquire a 100% interest to certain of Tanqueray’s mineral claims.

    Forum Uranium Corp. (TSXV:FDC) and Tanqueray Resources Ltd. (TSXV:TQY) reports that Forum will acquire a 100% interest to certain of Tanqueray’s mineral claims.

    The press release is quoted as saying:

    Forum entered into an option agreement with Tanqueray in 2007, whereby Forum could earn a 60% interest in uranium and diamonds on all of Tanqueray’s property by completing $4 million in exploration over five years. Forum has spent $2 million in uranium exploration on Tanqueray’s property over the past four years and has identified several prospective uranium targets. Two examples of surface showings are the Graphite Zone with numerous uranium exposures along a 2 kilometre strike length with grades of up to 1.07% U, and RD-7 with grades of up to 0.23% U over an area several hundred metres square. Much of the prospective ground has been prospected, mapped and covered by ground gravity surveys. Both targets are ready for drilling.

    Click here to access the entire press release

    Click here to Forum Uranium Corp. Corporate Site

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