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Forum Energy CEO Eyes Potential Uranium Discovery at Nunavut’s Thelon Basin
“Our focus is on the Thelon Basin, which we believe is the Athabasca 2.0. It's a definite geologic analogue to the Athabasca Basin, and has the potential to be as productive as the Athabasca Basin with concerted exploration,” said Forum Energy President and CEO Richard Mazur.
Forum Energy Metals (TSXV:FMC,OTCQB:FDCFF) is focused on advancing its Nunavut uranium project at the Thelon Basin, a jurisdiction which, according to Richard Mazur, the company’s president and CEO, is a geologic analogue to the Athabasca Basin in terms of uranium discovery potential.
“We have a tremendous land package with a number of potential deposits there ... And this is not a grassroots project. This is an advanced exploration project with two potential deposits already discovered,” he said.
“We staked this ground after chemical exploring and discovered these deposits over 12 years of exploration. So we have an advanced exploration project, the potential for a brand-new uranium discovery and, actually, a brand-new discovery of a mining camp, in our view," Mazur continued.
Forum Energy raised over C$10 million late last year, and the bulk of those funds will be used to explore the Nunavut uranium project through a 12,000 meter drill program, Mazur said.
Watch the full interview with Forum Energy President and CEO Richard Mazur above.
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