Forum Commences Mobilization for 10,000 Metre Drill Program at the Aberdeen Uranium Project, Thelon Basin, Nunavut

Rhea-AI Summary

Forum Energy Metals Corp. announces the mobilization of equipment and second drill for uranium exploration in Nunavut. The company plans a 10,000-meter drill program following successful results in 2023, with significant uranium mineralization intersected. Forum Energy Metals Corp. focuses on high-grade uranium deposits in the Athabasca Basin and Thelon Basin, along with a diversified energy metal portfolio.

Vancouver, British Columbia--(Newsfile Corp. - March 26, 2024) - Forum Energy Metals Corp. (TSXV: FMC) (OTCQB: FDCFF) ("Forum" or the "Company") announces it has commenced mobilization of its camp, fuel, equipment and second drill to its camp location on the Aberdeen Uranium Project, located adjacent to Orano's 133 million pound Kiggavik uranium deposit in the Thelon Basin, Nunavut. Forum plans a 10,000 metre drill program just two months away in June to follow-up on its successful drill program in 2023. Four drill holes into the Tatiggaq deposit intersected up to 2.25% U3O8 over 11.1 metres over a 200-metre strike length. The structure hosting uranium mineralization extends for 1.5 kilometres within a highly altered uranium mineralized system.

Figure 1 Inuit-owned Peter's Expediting Ltd. has commenced Forum's overland haul of fuel tanks and supplies across the Arctic tundra from Baker Lake to its camp location, 120 km to the west.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4908/203018_c444c116341909cd_003full.jpg

Dr. Rebecca Hunter, Vice President, Exploration commented, "We are excited to commence our 2024 exploration program in Nunavut starting with the large task of moving our drill camp, second drill and consumables overland from Baker Lake to our new Aberdeen Camp."

Forum Energy Metals

Forum Energy Metals Corp. (TSXV: FMC) (OTCQB: FDCFF) is focused on the discovery of high-grade unconformity-related uranium deposits in the Athabasca Basin, Saskatchewan and the Thelon Basin, Nunavut. In addition, Forum holds a diversified energy metal portfolio of copper, nickel, and cobalt projects in Saskatchewan and Idaho. For further information: https://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.

For further information contact:

Rick Mazur, P.Geo.
President & CEO
mazur@forumenergymetals.com
Tel: 604-630-1585

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/203018

FAQ

What is Forum Energy Metals Corp. focusing on in terms of exploration?

Forum Energy Metals Corp. is focusing on the discovery of high-grade unconformity-related uranium deposits in the Athabasca Basin, Saskatchewan, and the Thelon Basin, Nunavut.

What significant drill program is Forum Energy Metals Corp. planning?

Forum Energy Metals Corp. plans a 10,000-meter drill program in June to follow up on successful results from 2023, with up to 2.25% U3O8 intersected over 11.1 meters.

What mineralization was intersected in the drill holes in 2023?

The drill holes in 2023 intersected up to 2.25% U3O8 over 11.1 meters, indicating significant uranium mineralization.

Where is Forum Energy Metals Corp. mobilizing equipment and second drill for exploration?

Forum Energy Metals Corp. is mobilizing equipment and second drill to the Aberdeen Uranium Project in Nunavut, adjacent to Orano's Kiggavik uranium deposit.

What is the structure hosting uranium mineralization in the Aberdeen Uranium Project?

The structure hosting uranium mineralization extends for 1.5 kilometers within a highly altered uranium mineralized system in the Aberdeen Uranium Project.