silver investing forum

Rio Tinto Mobilizes Drills to Forum's Janice Lake Copper/Silver Project, Saskatchewan

Forum Energy Metals Corp. (TSXV: FMC) ("Forum" or "Company") is pleased to announce that Rio Tinto Exploration Canada (RTEC) has commenced mobilization of two drills, fuel and other supplies to the site of Forum's 100% owned Janice Lake coppersilver project in Saskatchewan. The 110km winter haul road that was constructed last winter is in good condition to the newly constructed 80-person Burbidge Lake Camp in the centre of the property. RTEC has engaged Team Drilling, a partnership with aboriginal-owned Athabasca Basin Development to commence drilling mid-February.

The plan is for both drills to initially focus on the Rafuse target, a 2.8 kilometre long priority target of copper mineralization at surface that was developed during the mapping, prospecting and geophysical program this past summer (Figure 1). Further drilling is also planned on the Jansem prospect to follow up on thick intervals of surface copper mineralization outlined by drilling in 2019 (up to 51.8 meters grading 0.57% copper). For further details, see news releases dated December 3, 2019 and November 11, 2020.

Ken Wheatley, P.Geo., Forum's VP, Exploration and Qualified Person under National Instrument 43-101, has reviewed and approved the contents of this news release.

About Forum Energy Metals

Forum Energy Metals Corp. (TSXV: FMC) has three 100% owned energy metal projects to be drilled in 2021 by the Company and its major mining company partners Rio Tinto and Orano for copper/silver, uranium and nickel/platinum/palladium in Saskatchewan, Canada's Number One Rated mining province for exploration and development. In addition, Forum has a portfolio of seven drill ready uranium projects and a strategic land position in the Idaho Cobalt Belt. For further information: www.forumenergymetals.com.

ON BEHALF OF THE BOARD OF DIRECTORS

Richard J. Mazur, P.Geo.
President & CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/4908/73281_f7157691f4785962_003.jpg

Figure 1: Four Target Areas Planned for Drilling on the Janice Lake Project. Background is the airborne magnetic survey, red stars = surface mineralization. The table shows geochemical results taken this summer from surface sampling on the Rafuse target ranging from 0.3% Copper to 1.75% Copper.

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/4908/73281_f7157691f4785962_003full.jpg

For further information contact:

NORTH AMERICA

Rick Mazur, P.Geo., President & CEO
mazur@forumenergymetals.com
Tel: 778-772-3100

UNITED KINGDOM

Burns Singh Tennent-Bhohi, Director
burnsstb@forumenergymetals.com
Tel: 074-0316-3185

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/73281

News Provided by Newsfile via QuoteMedia

The Conversation (0)
Forum Energy Metals

Forum Energy Metals

Exploring Canada’s Athabasca and Thelon Basins for high-grade uranium

Exploring Canada’s Athabasca and Thelon Basins for high-grade uranium Keep Reading...
Joe Mazumdar, open-pit mine.

Joe Mazumdar: Copper Stock Sweet Spots I'm Watching Now

Joe Mazumdar, editor of Exploration Insights, shares his resource sector outlook, honing in on copper as one of his current areas of focus. He acknowledged that asset scale is important, but encouraged investors to look at intermediate companies focused on smaller deposits — in his view, they... Keep Reading...
Copper ore with "5 Top Canadian Mining Stocks" text overlay.

Top 5 Canadian Mining Stocks This Week: Sandfire Resources America Spikes 72 Percent

Welcome to the Investing News Network's weekly look at the best-performing Canadian mining stocks on the TSX, TSXV and CSE, starting with a round-up of Canadian and US news impacting the resource sector.The US Bureau of Labor Statistics released June’s consumer price index data on Tuesday (July... Keep Reading...
Craig Parry.

Craig Parry: The World Needs More Copper, but New Mines Aren't Coming Fast Enough

Copper has become one of the world's most closely watched commodities as governments race to secure the raw materials needed for electrification, artificial intelligence (AI) and energy infrastructure.Speaking to the Investing News Network at the Rule Symposium, Craig Parry, CEO and chair of... Keep Reading...
Argentine flag waves on a white pole against a clear blue sky.

First Quantum Explores Stake Sale in Argentine Copper Mine

First Quantum Minerals (TSX:FM,OTCPL:FQVLF) has opened talks to sell a minority stake in its colossal Taca Taca copper project in Argentina.The miner is reportedly running a formal sales process for the Salta province asset. Potential bidders include Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO),... Keep Reading...
Nine Mile Metals Announces Completion of DDH WD-26-03, and Confirms Continued Mineralization at the Wedge Deposit

Nine Mile Metals Announces Completion of DDH WD-26-03, and Confirms Continued Mineralization at the Wedge Deposit

Nine Mile Metals LTD. (CSE: NINE,OTC:VMSXF) (OTCID: VMSXF) (FSE: KQ9) (the "Company" or "Nine Mile"), is pleased to announce that DDH WD-26-03 has been completed, logged, measured and zones of mineralization have been identified.DDH WD-26-03 was successful, intersecting pyrite and chalcopyrite... Keep Reading...

Interactive Chart

Latest Press Releases

Related News