Forum Announces Uranium Drill Results

Forum Uranium Corp. (TSXV:FDC) announced uranium results for its North Thelon project in Canada.

Forum’s President and CEO, Rick Mazur said:

Our 2011 drill program has provided Forum with three strong targets for follow-up drilling in 2012- Tarzan, BL-32 and Judge. Areva’s Kiggavik deposits, Cameco’s recent discoveries and Forum’s newly identified drill targets demonstrate the world class nature of this emerging uranium mining camp. Forum is in the unique position of exploring strategic ground in the company of two of the largest uranium companies, Areva and Cameco.

As quoted in the press release:

The two drill-holes intersected metasediments (the rock type that hosts the Kiggavik deposits and Cameco’s showings) throughout both holes. The metasediments are strongly to extremely hematized and bleached with extensive quartz brecciation (similar to the local showings and deposits) and chloritized at the bottom of the hole, intersecting a redox front. Geochemistry returned uranium values of 20ppm over 12.5 metres, 512ppm boron over 102 metres and 115ppm nickel over 54 metres in JD-01, and 16ppm uranium over 10 metres, 362ppm boron over 161 metres and 115ppm nickel over 54 metres in JD-02. These geochemical results are highly encouraging indications of a substantial uranium mineralizing system.

Click here to read the Forum Uranium Corp. (TSXV:FDC) press release.