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    Forum, Mega Uranium Discover Uranium Mineralization At Athabasca

    Investing News Network
    Nov. 08, 2012 10:57AM PST
    Company News

    Forum Uranium Corp. (TSXV:FDC) and Mega Uranium Ltd. (TSX:MGA) announced uranium mineralization was encountered at shallow depths in two of four holes at its Athabasca property.

    Forum Uranium Corp. (TSXV:FDC) and Mega Uranium Ltd. (TSX:MGA) announced uranium mineralization was encountered at shallow depths in two of four holes at its Athabasca property.

    As quoted in the press release:

    Drillhole NWA-35 intersected a 1.4 metre mineralized interval at a vertical depth of 26 metres and is interpreted to be part of Zone 2A discovered in 1978. Within this interval, a 25 centimetre section gave an off-scale scintillometer* reading (>9999 counts per second). Mineralization consists of blebs and flecks of pitchblende. Sufficient drilling has now been completed in the vicinity of Zone 2A to conclude that the zone is of very limited extent, however the intercept in hole NWA-35 confirms the presence of high grade mineralization on the NW Athabasca property. Further drilling is recommended outside Zone 2A to define the controlling structure.

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

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