Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See
full details
.
I Agree
×
Join today and have your say! It’s FREE!
Join Now
Sign In
Become a member today, It's free!
We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.
Join Today
or
Sign in with existing account
Privacy Policy
|
Disclaimer
Sign In
Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Remember me
Forgot Password?
Sign In
or
Sign Up
Privacy Policy
|
Disclaimer
Please Try Again
{{ error }}
Send my password
Submit
Return to Login
SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.
Become a member today, It's free!
We will not release or resell your information to third parties without your permission.
Linking with Facebook:
Stockhouse membership requires an email address which must be shared by Facebook.
By default, joining or signing in using your Facebook account will work and the email address will be shared by Facebook automatically.
If you change your Facebook permissions to restrict Stockhouse from receiving your email while joining or signing in to Stockhouse then it will fail.
Please do not modify the permission settings during sign-in.
Sign in with Facebook
Return to Signup Options
Home
Community
Bullboards
Blogs
Groups
Messages
Markets
Stocks
TSX
TSXV
CSE
Cboe Canada
NASDAQ
NYSE
NYSE American
Cryptocurrency
Currencies
Market Movers
Bonds
News
Featured News
Trending News
Canadian Press Releases
US Press Releases
Video
Editorial
Thematic Insights
Independent Reports
Interviews
Buzz on the Bullboards
Portfolio
Watchlist
Portfolio
Showcase Companies
DealRoom
Quote
|
Bullboard
|
News
|
Opinion
|
Profile
|
Peers
|
Filings
|
Financials
|
Options
|
Price History
|
Ratios
|
Ownership
|
Insiders
|
Valuation
Bullboard - Stock Discussion Forum
FORUM URANIUM CORP
V.FDC
Metals & Mining
Industrial Metals & Minerals
"Forum Uranium Corp is a Canadian-based mineral resource company focused on exploring and developing uranium projects in Saskatchewan’s Athabasca Basin. It is engaged in the acquisition and exploration of uranium projects. Its projects include Fir Island, Henday Lake, Highrock Lake, Karpinka, Key Lake Road, Maurice Point, North West Athabasca, Clearwater, Costigan Lake, Orchid Lake, Agnico...
Eagle, North Thelon, Tanqueray and Ukaliq."
see more
Join the community and start posting on the bullboards today. It's free.
You are already a member! Please enter your password to sign in.
Remember me
Forgot password?
Back
Submit
By providing my email, I consent to receiving messages from Stockhouse.
Create a portfolio watchlist today. It's free.
You are already a member! Please enter your password to sign in.
Remember me
Forgot password?
Back
Submit
By providing my email, I consent to receiving messages from Stockhouse.
Add To Watchlist
TSXV:FDC - Post Discussion
FORUM URANIUM CORP
> Forum Uranium Corp. CEO talks about Athabasca drill results
New Post
View:
Discussion
List
(0)
•••
hockeyguy123
X
View Profile
View Bullboard History
Post by
hockeyguy123
on May 06, 2014 6:19am
Forum Uranium Corp. CEO talks about Athabasca drill results
https://www.northernminer.com/news/update-forum-uranium-ceo-talks-athabasca-drill-results/1003047025/
Clearwater was the result of strategic staking initiative ahead of a regional rush around Patterson Lake following Fission's inaugural drill holes, with Forum scoring a 99-sq.km property position adjoining PLS to the southwest. Since the area had been so unexplored Clearwater is at the greenfield stage, and the company's 2,300-metre drill initiative in early 2014 was essentially a scout program.
"It was sort of a broad-brush testing program. Five targets ended up hitting some pretty nice zones with good structures and strong graphitic conductors," commented president and CEO Richard Mazur during a phone interview. "The alteration was minor through there are signs of fluids passing through the structural trends with that elevated radioactivity. The trick for us will be focusing and prioritizing on the targets that look to have the right sign posts. We'll wait on the results to analyse those geochemical pathfinder elements."
“Mongo is one of the interpreted structures. We only have on hole in it so far, but that was a definite positive for us,” Mazur continued. “It's a very wide corridor on the Fission property that extends onto ours. We need to follow the Mongo trend, which is kind of bending around and going into a north-northeast direction. We like drilling in those areas where you get a flexure in the fault structure and a bit of dilation. It's definitely an interesting start, and we have kilometres of structure to follow.”
Forum's other exploration initiative to start the year involved a 2,900-metre drill program at the Maurice Bay deposit on the Northwest Athabasca project. Forum shares a 64% stake in the property with NexGen, and the companies were looking to confirm historic high-grade mineralization identified by previous operators. Cameco holds a 23.5% stake, while AREVA accounts for the remaining 12.5% interest.
On May 1 Forum reported that three of the five exploration targets — including Otis West, Zone A and Maurice Bay East — returned positive results. Maurice Bay currently has a non-compliant historic resource of 600,000 tonnes grading 0.6% U308.
Three holes punched at Otis West extended the mineralized strength length at the target by around 40% to 70 metres. The company reports that mineralization, which is hosted in the basement rocks, remains open to the east. Otis West extends for 400 metres as a strong gravity low along the Otis fault, which runs parallel to the Maurice Bay fault.
“Cameco hasn't participated since we formed the joint venture because they are taking a step back to focus more on brownfield opportunities. We ran this year's program alongside AREVA, so there will be some slight dilution on the Cameco and NexGen interests,” Mazur added. “These targets are near-surface and in the basement. Otis is huge alteration zone that could be compared to Rio Tinto's (NYSE: RIO, LON: RIO) Roughrider deposit. We only popped a couple holes up there, but we did extend Otis to the east. It definitely warrants a follow up.”
Forum closed a $3 million private placement in late March, wherein in issued 4.5 million flow-through units at a price of 55¢ per unit and 1.14 common units at 50¢ each. The company has traded within a 52-week window of 25¢ and 68¢, and closed up 10% following its confirmation results at Maurice Bay en route to a 28¢ close at the time of writing. Forum maintains 30.2 million shares outstanding for an $8.45 million press-time market capitalization.
“Our activity going forward will really be a function of the market and potential financings,” Mazur concluded, noting the impact of a recent dip in uranium prices. He added that Forum was sitting with about $1 million in flow-through and $2.5 million in hard dollars, which he said, “could keep the company afloat for a couple of years.”
(0)
•••
Tarquin4
X
View Profile
View Bullboard History
Comment by
Tarquin4
on May 07, 2014 12:16pm
FDC needs a new ceo. Mazur hasn't accomplished much if anything. FDC should spend the money now and if they don't find anything, give it up
Thank You
Your Report has been submitted.
Report Abusive Content
×
Close
Sign up to get access
You are already a member! Please enter your password to sign in.
Remember me
Forgot password?
Back
Submit
By providing my email, I consent to receiving messages from Stockhouse.
The Market Update
{{currentVideo.title}}
{{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >
A daily snapshot of everything
from market open to close.
{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}
{{currentVideo.intervieweeTitle}}
{{currentVideo.headline}}
{{currentVideo.link1Text}}
{{currentVideo.link2Text}}
< Previous
{{moreVideoText}}
Next >