Forum Uranium Corp.: Rare Earth and Uranium Exploration Commences on North Thelon Project, Nunavut

Forum Uranium Corp. (TSX VENTURE:FDC) announced that summer exploration activities have started on its North Thelon project, Nunavut.

The press release is quoted as saying:

The North Thelon project is a large property that surrounds Areva’s Kiggavik deposits (134 million lbs U3O8 @ 0.27%) on the north, east and south sides. The only other company actively exploring in the Kiggavik area is Cameco Corp. to the west of the Kiggavik deposits. Areva has submitted a project description to the Nunavut Impact Review Board for the development of a uranium mine with a plan to produce 8 million pounds of uranium per year over a 17 year mine life. Nutaaq, a newly discovered rare earth element (REE) showing was identified in 2009, with up to 3.8% total REE being returned from assays.

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Click here to access Forum Uranium Corp. Corporate Site