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VANCOUVER, BC / ACCESSWIRE / September 29, 2016 / Forum Uranium Corp. (TSXV:FDC) and Uracan Resources Ltd. (TSXV: URC) (“Uracan”) announce the commencement of a 3,000 metre drill program on Forum’s 100% owned Clearwater Project, on trend from Fission Uranium’s Triple R deposit and Nexgen Energy’s Arrow Deposit in the Athabasca Basin, Saskatchewan (Figure 1). The …
VANCOUVER, BC / ACCESSWIRE / September 29, 2016 / Forum Uranium Corp. (TSXV:FDC) and Uracan Resources Ltd. (TSXV: URC) (“Uracan”) announce the commencement of a 3,000 metre drill program on Forum’s 100% owned Clearwater Project, on trend from Fission Uranium’s Triple R deposit and Nexgen Energy’s Arrow Deposit in the Athabasca Basin, Saskatchewan (Figure 1). The Patterson Lake Corridor continues to yield significant uranium mineralization 840 metres to the southwest of the original discovery in the direction of the Clearwater Project.
A total of eleven drill holes totalling 2,836 metres have been completed to date on the property. This previous drilling defined a number of target areas with altered and reactivated graphite bearing structures with elevated boron and nickel geochemistry and anomalous uranium values. Forum and Uracan plan to drill ten to twelve drill holes to follow-up these structures along the Mongo and Key trends and to test new targets that have not yet been drill tested.
In addition, a 12 line kilometre ground electromagnetic survey is currently underway on the Clearwater Project to better target the planned drilling.
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