Forum Uranium To Conduct Ground Gravity and Radon Surveys at Fir Island
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
Click here to see the Forum Uranium (TSXV:FDC) profile.
MARKETS
COMMODITIES
Commodities | |||
---|---|---|---|
Gold | 1774.96 | +1.14 | |
Silver | 19.90 | +0.01 | |
Copper | 3.55 | +0.07 | |
Palladium | 2124.59 | +12.40 | |
Platinum | 936.51 | +2.50 | |
Oil | 88.53 | -0.01 | |
Heating Oil | 3.20 | -0.13 | |
Natural Gas | 8.01 | -0.12 |
DOWNLOAD FREE REPORTS
BROWSE COMPANIES BY SECTOR
- Agriculture Investing
- Phosphate Investing
- Potash Investing
- Base Metals Investing
- Copper Investing
- Iron Investing
- Lead Investing
- Nickel Investing
- Zinc Investing
- Battery Metals Investing
- Cobalt Investing
- Graphite Investing
- Lithium Investing
- Manganese Investing
- Vanadium Investing
- Critical Metals Investing
- Magnesium Investing
- Rare Earth Investing
- Scandium Investing
- Tantalum Investing
- Tellurium Investing
- Tungsten Investing
- Energy Investing
- Oil and Gas Investing
- Uranium Investing
- Gem Investing
- Diamond Investing
- Industrial Metals Investing
- Aluminum Investing
- Chromium Investing
- Coal Investing
- Molybdenum Investing
- Tin Investing
- Precious Metals Investing
- Gold Investing
- Palladium Investing
- Platinum Investing
- Silver Investing
- 3D Printing Investing
- Bitcoin Investing
- Blockchain Investing
- Cleantech Investing
- Cloud Investing
- Cryptocurrencies
- Data Investing
- Emerging Tech Investing
- Artificial Intelligence Investing
- Mobile Investing
- Robotics Investing
- Fintech Investing
- Gaming Investing
- Esports Investing
- Nanoscience Investing
- Graphene Investing
- Nanotech Investing
- Security Investing
Featured {{ post.primary_section_name }} Stocks
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.Â