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Forum Uranium Corp. (TSXV:FDC) announced that it has begun a 3,000 metre drill program its 100% owned Fir Island project in the Athabasca Basin.
As quoted in the press release:
Forum Uranium Corp. (“Forum” or the “Company”) is pleased to announce that a 3,000 metre drill program has commenced on Forum’s 100% owned Fir Island project located along the north rim of the eastern Athabasca Basin. This project is strategically located on the Centennial – Black Lake Structural Corridor that transects the entire basin, and has road access to the nearby AREVA McClean Lake Mill and the Cameco Rabbit Lake Mill. Cameco’s Centennial deposit lies at the south end of the corridor, and the historic Nisto mine (106 tonnes mined at 1.63% U3O8) lies within 200 metres of the Forum claim boundary.
Exploration work by the previous operator and by Forum in 2014 has developed a number of excellent drill targets, both along and adjacent to the Black Lake corridor, using airborne EM and mag, ground gravity and resistivity surveys (see Figure 1). Several of the targets are defined by combination of all the geophysical surveys, with one of the largest targets lying parallel to the Nisto mine and associated outcropping uranium mineralization 300 metres to the west.
The thickness of Athabasca sandstone on this property varies from 0 to approximately 200 metres, excellent for testing multiple shallow targets to the underlying basement rocks. This project has seen very limited historic drilling, making it one of Forum’s top exploration prospects.
Click here to read the Forum Uranium Corp. (TSXV:FDC) press release
Click here to see the Forum Uranium Corp. (TSXV:FDC) profile.