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Forum Energy Metals Corp V.FMC

Alternate Symbol(s):  FDCFF

Forum Energy Metals Corp. is a Canada-based company, which is focused on the discovery of high-grade unconformity-related uranium deposits in the Athabasca Basin, Saskatchewan and the Thelon Basin, Nunavut. The Company is engaged in the business of evaluating, and if deemed appropriate, acquiring and exploring natural resource properties. The Company’s projects include Aberdeen, Fir Island, Clearwater, Costigan, Nutaaq, Grease River, Henday, Highrock, Maurice Point, NW Athabasca, Wollaston, Fisher, Janice Lake, Love Lake, Quartz Gulch, and Still Nickel. It holds a 100% interest in 95,519 hectares of ground adjacent to Orano’s 133-million-pound Kiggavik uranium deposit located 100 kilometers (km) west of Baker Lake, Nunavut. Fir Island is located approximately five km northeast of the community of Black Lake, on the northeast edge of the Athabasca Basin. The Clearwater Project is located on the southwestern edge of the Athabasca Basin in northern Saskatchewan.


TSXV:FMC - Post by User

Comment by ElJon May 29, 2021 5:55pm
184 Views
Post# 33293187

RE:I must be getting jaded and I'm certainly not a geologist,

RE:I must be getting jaded and I'm certainly not a geologist, As indicated by Forum stockprice, there is nothing proven yet in terms of resources, BUT both Janice Kake and Fir Island jv partnerships are becoming very interesting, because of recent drilling results.:
  1. The Boron  "signpost vector" incresing as the drilling moves in the northern direction may, based on discovery precedents elsewhere, lead to a useful Uranium discovery at Fir Island with additionally the single "hole 24" showing 0.42% Nickel  obviously worth further probing
  2. Because of the complex rock structure in Fir Island the awaited lab. results looking at Platinum, Paladium  and perhaps a little Gold, will be interesting as a "drilling-by-product-opportunity". 
  3. After Rio's shortened drilling season because of warmer winter as part of their  $30 million investment outlined for Janice Lake, their modest though encouraging copper and silver drilling results,  and their return to Camp site in early June, continued shareholder optimism seems a reasonable risk/reward prospect that a  copper and silver "deposit" can be  uncovered.
Peace,
Good Decision-making to All,
ElJ
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