Forum Drilling Update, Aberdeen Uranium Project, Nunavut
Forum Energy Metals Corp. (TSXV: FMC, OTCQB: FDCFF) announced ongoing drilling success at its 100% owned Aberdeen Uranium Project in Nunavut.
Seventeen holes, totaling 4,307 meters, have been drilled along the Tatiggaq Fault, with 685 samples sent for analysis. Results will be available by the end of September. The drilling validates similarities to the prolific Kiggavik uranium deposits.
Phase Two has commenced, focusing on additional high-priority targets. A 30-person camp has been established, and drilling will continue for another four to six weeks.
An advisory agreement with DS Market Solutions aims to enhance market depth and liquidity, providing services at $5,000 per month.
Forum Energy Metals Corp. (TSXV: FMC, OTCQB: FDCFF) ha annunciato il successo continuo delle perforazioni nel suo progetto Uranium di Aberdeen, di cui detiene il 100% delle quote, situato in Nunavut.
Sono stati perforati diciassette pozzi, per un totale di 4.307 metri, lungo la frattura di Tatiggaq, con 685 campioni inviati per l'analisi. I risultati saranno disponibili entro la fine di settembre. La perforazione convalida le somiglianze con i prolifici depositi di uranio di Kiggavik.
È iniziata la Fase Due, focalizzandosi su ulteriori obiettivi ad alta priorità. È stato allestito un campo di trenta persone, e le perforazioni continueranno per altre quattro-sei settimane.
Un accordo di consulenza con DS Market Solutions ha l'obiettivo di migliorare la profondità di mercato e la liquidità, fornendo servizi per 5.000 dollari al mese.
Forum Energy Metals Corp. (TSXV: FMC, OTCQB: FDCFF) anunció el continuo éxito en las perforaciones de su proyecto de uranio Aberdeen, del cual posee el 100%, ubicado en Nunavut.
Se han perforado diecisiete agujeros, totalizando 4.307 metros, a lo largo de la falla de Tatiggaq, con 685 muestras enviadas para análisis. Los resultados estarán disponibles a finales de septiembre. La perforación valida similitudes con los prolíficos depósitos de uranio de Kiggavik.
La Fase Dos ha comenzado, enfocándose en objetivos adicionales de alta prioridad. Se ha establecido un campamento de 30 personas, y las perforaciones continuarán durante otras cuatro a seis semanas.
Un acuerdo de asesoría con DS Market Solutions tiene como objetivo mejorar la profundidad del mercado y la liquidez, proporcionando servicios a 5,000 dólares al mes.
Forum Energy Metals Corp. (TSXV: FMC, OTCQB: FDCFF)는 누나부트에 있는 100% 자산인 Aberdeen 우라늄 프로젝트에서 지속적인 굴착 성공을 발표했습니다.
총 4,307미터에 이르는 17개의 구멍이 Tatiggaq 단층을 따라 굴착되었고, 685개의 샘플이 분석을 위해 발송되었습니다. 결과는 9월 말에 제공될 예정입니다. 이 굴착 작업은 Kiggavik 우라늄 매장지와의 유사성을 검증합니다.
2단계가 시작되었으며, 추가적으로 높은 우선 순위를 가진 목표에 집중하고 있습니다. 30인 캠프가 설립되었으며, 굴착 작업은 앞으로 4~6주간 계속될 예정입니다.
DS Market Solutions와의 자문 계약은 시장의 깊이와 유동성을 향상시키기 위한 것으로, 월 5,000달러의 서비스를 제공합니다.
Forum Energy Metals Corp. (TSXV: FMC, OTCQB: FDCFF) a annoncé un succès continu des forages sur son projet de l'uranium Aberdeen, dont il détient 100 %, situé au Nunavut.
Dix-sept forages, totalisant 4 307 mètres, ont été réalisés le long de la faille de Tatiggaq, avec 685 échantillons envoyés pour analyse. Les résultats seront disponibles d'ici la fin septembre. Les forages valident les similarités avec les gisements d'uranium prolifiques de Kiggavik.
La phase deux a été lancée, avec un accent sur des cibles prioritaires supplémentaires. Un camp de 30 personnes a été établi et les forages se poursuivront pendant encore quatre à six semaines.
Un accord de conseil avec DS Market Solutions vise à améliorer la profondeur de marché et la liquidité, fournissant des services pour 5 000 dollars par mois.
Forum Energy Metals Corp. (TSXV: FMC, OTCQB: FDCFF) hat den anhaltenden Bohrerfolg seines zu 100 % im Besitz befindlichen Projekts Aberdeen Uranium in Nunavut bekannt gegeben.
Siebzehn Löcher mit insgesamt 4.307 Metern wurden entlang des Tatiggaq-Verwerfungsgebietes gebohrt, wobei 685 Proben zur Analyse eingesendet wurden. Die Ergebnisse werden bis Ende September verfügbar sein. Die Bohrungen validieren die Ähnlichkeiten zu den ertragreichen Kiggavik-Uranlagerstätten.
Phase Zwei hat begonnen, wobei der Fokus auf zusätzlichen hochpriorisierten Zielen liegt. Ein Camp mit 30 Personen wurde eingerichtet und die Bohrungen werden weitere vier bis sechs Wochen fortgesetzt.
Ein Beratungsvertrag mit DS Market Solutions zielt darauf ab, die Markttiefe und Liquidität zu verbessern, indem Dienstleistungen für 5.000 Dollar pro Monat angeboten werden.
- Seventeen holes drilled, totaling 4,307 meters, indicating active exploration.
- 685 samples sent for analysis, with results expected by end of September, suggesting near-term data release.
- Phase Two drilling focuses on additional high-priority targets, indicating continued exploration momentum.
- Established 30-person camp, enabling effective field operations.
- None.
Vancouver, British Columbia--(Newsfile Corp. - August 20, 2024) - Forum Energy Metals Corp. (TSXV: FMC) (OTCQB: FDCFF) ("Forum" or the "Company") is pleased to announce that drilling at Forum's
Rick Mazur, President & CEO, stated, "We thank Orano for access to their drill core storage facility for the three deposits at the 133 million pound Kiggavik deposit. Our visit to the Aberdeen project and the Kiggavik core storage area validates our view that we are in an emerging uranium district for unconformity-style uranium deposits akin to the prolific Athabasca Basin."
The Company has entered into Phase Two of its drill program. One drill has moved to the Qavvik deposit and Forum will now focus on a number of other high priority targets on the property for basement-hosted and sandstone-covered unconformity targets The Company's 30-person drill camp and crew have performed well over the summer (Figure 4). Drilling is expected to continue for another four to six weeks.
Rebecca Hunter, Ph.D., P.Geo., Forum's Vice President of Exploration and Qualified Person under National Instrument 43-101, has reviewed and approved the contents of this news release.
Marketing Agreement
At the request of the TSX Venture Exchange (the "TSXV") the Company wishes to provide certain disclosure with respect to an advisory agreement (the "Agreement") it has entered into with DS Market Solutions Inc. ("DS Market Solutions"), with effect as of July 1, 2024. DS Market Solutions is an equity trading advisory and liquidity provider located in Mississauga, Ontario. Pursuant to the Agreement DS Market Solutions has agreed to provide the Company with liquidity services (the "Services") in compliance with the provisions of TSXV Policy 3.4, with the object of enhancing market depth and increasing liquidity of the Company's common shares. The Agreement is on a month-by-month basis and provides for remuneration of
Figure 1 The Thelon Basin is a geologic analogue to the Athabasca Basin in Saskatchewan. Orano's uranium deposits are along the same controlling structures as Forum's Tatiggaq deposit and over 20 other targets are present within the project area, which could host additional uranium deposits similar to the Athabasca Basin.
To view an enhanced version of this graphic, please visit:
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Figure 2 Review of Andrew Lake uranium deposit core at the Kiggavik Core Storage Facility.
From left to right, Peter Wollenberg, Forum Geological Advisor; Brian Christie, Forum Director; Rebecca Hunter, Forum Vice President, Exploration.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4908/220526_fig2forumenergy.jpg
Figure 3 Tatiggaq gravity anomaly, 2023 drill holes and 2024 Phase One drilling to the west-southwest and the east-northeast along the Tatiggaq Fault. Ambient Noise Tomography (ANT) modelled sub-parallel east-northeast-trending faults have also been targeted.
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Figure 4 Forum's newly-constructed 30-person drill camp located on Aberdeen Lake at the western end of the property.
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About 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. For further information: https://www.forumenergymetals.com.
This press release contains forward-looking statements. Forward-Looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Forward-Looking information is subject to known and unknown risks, uncertainties and other factors that may cause Forum's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include but are not limited to: uncertainties related to the historical data, the work expenditure commitments; the ability to raise sufficient capital to fund future exploration or development programs; changes in economic conditions or financial markets; changes commodity prices, litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological or operational difficulties or an inability to obtain permits required in connection with maintaining or advancing its exploration projects.
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/220526
FAQ
What is Forum Energy Metals' latest drilling update at the Aberdeen Uranium Project?
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What is the focus of Phase Two drilling at Forum Energy Metals' Aberdeen Uranium Project?
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