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Forum Energy Metals Corp FDCFF


Primary Symbol: V.FMC

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

Post by DowsingR0don Jun 09, 2021 11:15am
178 Views
Post# 33355005

Forum partner drills 14 m of 0.89% Cu at Janice Lake EXPANDS

Forum partner drills 14 m of 0.89% Cu at Janice Lake EXPANDSForum partner drills 14 m of 0.89% Cu at Janice Lake

2021-06-09 07:41 ET - News Release

Mr. Rick Mazur reports

RIO TINTO INTERSECTS 14 METRES OF 0.89% COPPER AND 8 G/T SILVER INCLUDING 6 METRES OF 1.67% COPPER AND 13 G/T SILVER AT FORUM'S JANICE LAKE COPPER/SILVER PROJECT, SASKATCHEWAN

Forum Energy Metals Corp. has provided the second round of drill results from Rio Tinto Exploration Canada's (RTEC) Rafuse drill target on Forum's 100-per-cent-owned Janice Lake copper/silver project in Saskatchewan. RTEC has mobilized crews to open the on-site Burbidge Lake camp and plans to be drilling before the end of June. A detailed plan for follow-up drilling and plans for regional exploration of the 52-kilometre extent of the Janice Lake property will be reported when finalized.

Ken Wheatley, vice-president, exploration, noted: "Hole 28 intersected 14 metres of high-grade oxide copper that is interpreted as structurally controlled mineralization on the last section drilled to the northeast. This adds another dimension to the potential at Janice. The Rafuse target continues for approximately 800 metres to the northeast and further drilling will be focused on this trend."

Assays from the final five holes of the winter drill program have extended copper mineralization for 670 metres of strike on the Rafuse target:

  • JANL0026 -- 0.25 per cent copper and 2.05 grams per tonne silver over 12.3 metres from 39.7 m to 52 m;
  • JANL0027 -- no significant intercept;
  • JANL0028 -- 0.89 per cent copper and 8.02 g/t silver over 14 metres from 246 m to 260 m, including six m of 1.67 per cent copper and 13.6 g/t silver from 254.1 to 260.1 m;
  • JANL0029 -- 0.23 per cent copper and 2.52 g/t silver over six metres from three m to nine m;
  • JANL0030 -- 0.27 per cent copper and 3.08 g/t silver over 39 metres from 172 m to 211 m.
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