The Conversation (0)
CHF Capital Markets released its valuation report for Forum Uranium Corp. (TSXV:FDC), which highlighted the company’s recent drill program results and listed its noteworthy joint venture partners.
As quoted in the report:
- Forum recently announced results from its 2,453 metre drill program at its 100% owned Fir Island drilling project located on the northern rim of the Athabasca Basin. We believe that the recent drilling results indicate that the company’s drill program is a definite success in defining a new and large prospective trend within the Athabasca Basin especially given the fact that this property has never been drilled. All the key components that are necessary within the sandstone column are present and that would suggest a robust and nearby uranium deposit. The company plans a summer gravity survey followed by an extensive drilling program.
- Two holes were completed in December, 2014 on the Clearwater project, under option to Uracan Resources Ltd. as a follow-up to Forum’s nine hole program in April, 2014. The drilling encountered alteration and localized radioactivity on two of five major structural trends. The recent discovery of the 600W zone by Fission Uranium to the west of the 105.5 million pound “Triple R deposit”, suggests that uranium mineralization continues on the Patterson Lake Corridor onto the Clearwater property.
- The company has significant major joint venture partners such as Cameco, Areva, and Rio Tinto and good junior partners such as NexGen Energy and Uracan Resources. With $1 million in cash, Forum has sufficient working capital to keep its key exploration assets in good standing.
Click here to read the Forum Uranium Corp. (TSXV:FDC) press release
Click here to see the Forum Uranium Corp. (TSXV:FDC) profile.