Forum Defines Multiple Drill Targets on Its 100% Owned Clearwater Project, Patterson Lake South
December 11, 2013 (Source: Marketwired) — Forum Uranium Corp. (TSX VENTURE:FDC) has successfully completed a ground gravity survey and generated approximately 11 drill targets on its 100% owned Clearwater Property, located on trend and immediately adjacent to the southwest of Fission Uranium’s Patterson Lake South (PLS) discovery.
The gravity survey was completed on three separate grids over priority areas of electromagnetic (EM) conductors and radon anomalies on the northern part of the property, in closest proximity to the PLS discovery. Four gravity lows and several structures have been identified from this survey. The airborne EM completed in the spring of 2013 identified several conductors that lie within three of the gravity lows.
Forum plans to follow-up with a ground EM survey early in January to prioritize drill locations for the conductive zones. This combination of geophysics and geochemistry will enable Forum’s technical team to more accurately define and locate drill holes on the most favourable uranium targets.
Ken Wheatley, Vice President of Exploration commented, “We are very pleased with the progress Forum’s technical team has made in advancing the Clearwater project to the drill stage. The nearby PLS discovery is a robust uranium mineralized system and Forum’s adjacent claims are well located on trend. Following completion of the ground EM survey, our first drill program on this project is planned to commence in late January.”
To view Figure 1, please visit the following link: http://media3.marketwire.com/docs/917099_FIG_1.jpg.
Figure 1: Gravity and radon anomalies with EM conductors on Forum’s Clearwater Project. Red lines are airborne EM conductors, black dashed lines are interpreted structural trends. The background colours are from an airborne magnetometer survey.
Get our daily investorintel update
Ken Wheatley, P.Geo. (Saskatchewan/Nunavut), Forum’s Vice President, Exploration is the Qualified Person that has reviewed and approved the contents of this news release.
About Forum Uranium
Forum Uranium Corp. is a Canadian-based energy company with a focus on the acquisition, exploration and development of Canadian uranium projects. Forum has assembled a highly experienced team of exploration professionals with a track record of mine discoveries for unconformity-style uranium deposits in Canada. The Company has a strategy to discover near surface uranium deposits in the Athabasca Basin, Saskatchewan and the Thelon Basin, Nunavut by exploring on its 100% owned properties and through strategic partnerships and joint ventures.
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.
Raj Shah has professional experience working for over a half a dozen years at financial firms such as Merrill Lynch and First Allied Securities Inc., ... <Read more about Raj Shah>