The Conversation (0)
Forum Uranium (TSXV:FDC) hit uranium in several holes within it initial drilling program at the Fir Island Project, located in the northern margin of the Athabasca basin and the regionally important Black Lake fault. Strong, anomalous boron and base metals, typically associated with unconformity uranium deposits, were also intersected. VP for Exploration, Ken Wheatley, said, “The combination of elevated uranium, boron, and base metals, combined with the intense alteration and structural setting, suggests that uranium-bearing fluids have been actively migrating in this area. It is our goal to find a near surface unconformity deposit, whether it be located at the unconformity at the base of the thrust fault, similar to the prolific McArthur River deposit, or within basement rocks similar to the Millennium deposit.”
Drilling Highlights are as follows:
| Drill Hole | Depth | Thickness | Uranium | Boron | Base Metals | |||||
| FI-01 | 147m | 5m | 48ppm | – | – | |||||
| FI-03 | 177m | 10m | – | – | 5200ppm Nickel | |||||
| FI-04 | 140m | 1m | 386ppm | – | 301ppm Nickel | |||||
| 154m | 10m | – | 2810ppm | – | ||||||
| FI-07 | 212m | 1m | – | 2350ppm | – | |||||
| 238m | 6m | 34ppm | – | – | ||||||
| FI-08 | 203m | 15m | – | 2750ppm | – | |||||
| 220m | 10cm | 137ppm | 1490ppm | – | ||||||
| 223m | 10cm | 161ppm | – | 57ppm Lead |
As quoted in the press release:
Five holes intersected a zone of strong quartz dissolution and remobilization, tectonization in the sandstone, dravite and sudoite clays locally in the basement rocks and a 50m off-set in the unconformity; all excellent indicators of nearby uranium mineralization (See news Release dated April 20, 2015).
Ken Wheatley, Vice President, Exploration, commented, “These results are viewed very positively for a first pass drill program on this property. The combination of elevated uranium, boron, and base metals, combined with the intense alteration and structural setting, suggests that uranium-bearing fluids have been actively migrating in this area. It is our goal to find a near surface unconformity deposit, whether it be located at the unconformity at the base of the thrust fault, similar to the prolific McArthur River deposit, or within basement rocks similar to the Millennium deposit. We plan to focus our further exploration along the Cathy Fault and the East Channel Structural Corridor.”
The winter drill program tested only 50 metres of the strike length of the Cathy Fault, which extends for at least 5 kilometres along the west side of Fir Island. Further exploration is also planned to test the East Channel trend (see Figure 1). A proposed gravity survey will cover approximately 5 kilometres of the East Channel Trend on Fir Island and along the Black Bay Fault, which is to be followed up by further diamond drilling.
Click here to read the Forum Uranium (TSXV:FDC) press release
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