Forsys Announces Maiden Resource Statement Namibplaas Project-Namibia

Forsys Metals Corp. (TSX:FSY) reported that it has completed its initial resource estimate in accordance with the National Instrument 43-101, for the Namibplaas uranium deposit in Namibia.

The press release is quoted as saying:

Highlights

• Inferred Resource of over 87 million tonnes and 25 million lbs. of U₃O₈ at a 100ppm cut-off grade.
• Confirmation of similar mineralization type to the Valencia Project.
• A number of significant high-grade zones.
• Additional drilling scheduled to upgrade and increase the uranium resource.
• Conceptual consolidation of the Namibplaas and Valencia projects being progressed.

The Inferred Mineral Resource is reported for a range of cut-off grades. The deposit has a strike length of 1,700 metres and a depth extent of at least 250 metres. The deposit is open to the north, south and east and at depth.

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