Forsys Announces Positive Results in Ongoing 2011 Namibplaas Drilling Program

Forsys Metals Corp (TSX:FSY) reports positive additional drilling results from its ongoing Namibplaas drilling program at Exclusive Prospecting Licence in Namibia, Africa.

The press release is quoted as saying:

To date in 2011 the Company has completed over 50% of the total budgeted drilling program of 53,500 metres and is on schedule to complete budgeted drilling by mid-August 2011 and within budgeted cost. Based on our internally generated resource estimate, we are proceeding with the preliminary design of an expanded consolidated project that could produce up to 5.0 Mlbs of U₃O₈ from the Valencia and Namibplaas deposits. Preliminary pit designs and mining schedules are expected to confirm the production potential of a consolidated operation.

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