The Conversation (0)
Forum Uranium (TSXV:FDC) announced that it will be conducting ground gravity and radon surveys on its Fir Island Project. The surveys will aim to define drill targets along the newly-identified East Channel Structural Corridor.
As quoted in the press release:
Five holes from the recent drill program encountered intense alteration (quartz dissolution, dravite and sudoite alteration minerals) within sandstones over a major structural lineament (Figure 1). Secondary hematite and weakly anomalous radioactivity were intersected in the last three holes (FI-8, 9 and 10) of the winter drill program. Assay results are pending.
The East Channel trend occurs for over 18 kilometres on Forum’s property; the winter drill program tested only 50 metres of this strike length. The proposed gravity survey will cover approximately 5 kilometres of the East Channel Trend on Fir Island and along the Black Bay Fault. Gravity measurements will be taken at stations 100 metres apart along lines spaced at 200 metre intervals to identify areas favourable for uranium mineralization for future drilling. The sandstone cover to the unconformity with basement rocks is shallow, varying from surface to a depth of 200 metres.
The parallel Black Lake structure, located 1.5 kilometres to the west, can be traced for at least 200 kilometres across the entire Athabasca Basin and is associated with Cameco’s Centennial deposit with intersections of up to 33.9 metres averaging 8.78% U3O8 (Source: Formation Metals website) This major structural zone exhibits similarities to the Wollaston–Mudjatik tectonic zone that hosts 16% of world uranium production, but remains relatively underexplored. Forum is taking a similar approach as Fission Uranium at Patterson Lake South by exploring new, prospective uranium districts such as Fir Island.
Click here to read the Forum Uranium (TSXV:FDC) press release
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