Forum Drilling Update, Aberdeen Uranium Project, Nunavut
Forum Energy Metals Corp. (TSXV: FMC) (OTCQB: FDCFF) has completed its 2024 drilling program at the Aberdeen Uranium Project in Nunavut. The program involved 30 diamond drill holes totaling 6,962 metres across 5 targets. Key highlights include:
1. Nineteen holes at Tatiggaq, following up on 2023 results of 2.25% U3O8 over 11.1 metres.
2. Two holes at Qavvik to test a controlling structure.
3. Four holes each at Ayra and Ned targets.
4. One hole at Loki, exhibiting intense clay and sooty sulphide alteration.
The company also completed over 5,000 gravity stations, identifying new drill targets. Assay results are expected in mid to late October. Forum's VP of Exploration, Rebecca Hunter, stated the program was highly successful and will provide data for a preliminary resource estimate at Tatiggaq and Qavvik.
Forum Energy Metals Corp. (TSXV: FMC) (OTCQB: FDCFF) ha completato il suo programma di perforazione 2024 presso il Progetto Uranio Aberdeen in Nunavut. Il programma ha coinvolto 30 fori di perforazione a diamante per un totale di 6.962 metri su 5 obiettivi. I punti salienti comprendono:
1. Diciannove fori a Tatiggaq, seguendo i risultati del 2023 di 2,25% U3O8 su 11,1 metri.
2. Due fori a Qavvik per testare una struttura di controllo.
3. Quattro fori ciascuno sugli obiettivi Ayra e Ned.
4. Un foro a Loki, che mostra un'intensa alterazione di argilla e solfidi fuligginosi.
La società ha anche completato oltre 5.000 stazioni gravimetriche, identificando nuovi obiettivi di perforazione. I risultati delle analisi sono attesi tra la metà e la fine di ottobre. Il VP Esplorazione di Forum, Rebecca Hunter, ha dichiarato che il programma è stato molto successo e fornirà dati per una stima preliminare delle risorse a Tatiggaq e Qavvik.
Forum Energy Metals Corp. (TSXV: FMC) (OTCQB: FDCFF) ha completado su programa de perforación 2024 en el Proyecto de Uranio Aberdeen en Nunavut. El programa consistió en 30 agujeros de perforación de diamante que suman 6,962 metros en 5 objetivos. Los aspectos más destacados incluyen:
1. Diecinueve agujeros en Tatiggaq, siguiendo los resultados de 2023 de 2.25% U3O8 sobre 11.1 metros.
2. Dos agujeros en Qavvik para probar una estructura de control.
3. Cuatro agujeros cada uno en los objetivos Ayra y Ned.
4. Un agujero en Loki, que exhibe una intensa alteración de arcilla y sulfuro negro.
La compañía también completó más de 5,000 estaciones de gravedad, identificando nuevos objetivos de perforación. Se esperan resultados de análisis a mediados y finales de octubre. La VP de Exploración de Forum, Rebecca Hunter, declaró que el programa fue muy exitoso y proporcionará datos para una estimación preliminar de recursos en Tatiggaq y Qavvik.
Forum Energy Metals Corp. (TSXV: FMC) (OTCQB: FDCFF)는 2024년 시추 프로그램을 완료했습니다 아베르딘 우라늄 프로젝트에서 누나부트에 있습니다. 이 프로그램은 5개의 목표에 걸쳐 총 6,962미터의 다이아몬드 드릴 구멍 30개를 포함했습니다. 주요 하이라이트는 다음과 같습니다:
1. 타티가크(Tatiggaq)에서 19개의 구멍, 2023년 성과인 11.1미터 간 2.25% U3O8에 대한 후속 조치.
2. Qavvik에서 제어 구조를 테스트하기 위한 두 개의 구멍.
3. Ayra 및 Ned 목표 각각에 대해 네 개의 구멍.
4. 클로키에서 한 개의 구멍이 있으며, 강렬한 점토 및 그을린 황화물 변화를 보여줍니다.
회사는 또한 5,000개 이상의 중력 측정소를 완료하여 새로운 시추 목표를 식별했습니다. 분석 결과는 10월 중순에서 말에 발표될 예정입니다. Forum의 탐사 VP인 Rebecca Hunter는 이 프로그램이 매우 성공적이었으며 Tatiggaq와 Qavvik의 초기 자원 추정치를 위한 데이터를 제공할 것이라고 밝혔습니다.
Forum Energy Metals Corp. (TSXV: FMC) (OTCQB: FDCFF) a achevé son programme de forage 2024 au Projet d'Uranium Aberdeen au Nunavut. Le programme a impliqué 30 forages diamantés totalisant 6 962 mètres sur 5 cibles. Les faits saillants incluent:
1. Dix-neuf forages à Tatiggaq, en suivant les résultats de 2023 de 2,25 % U3O8 sur 11,1 mètres.
2. Deux forages à Qavvik pour tester une structure de contrôle.
3. Quatre forages chacun aux cibles Ayra et Ned.
4. Un forage à Loki, montrant une intense altération d'argile et de sulfure noir.
L'entreprise a également complété plus de 5 000 stations de gravité, identifiant de nouveaux objectifs de forage. Les résultats d'analyse sont attendus entre la mi et la fin octobre. La VP Exploration de Forum, Rebecca Hunter, a déclaré que le programme a été très réussi et fournira des données pour une estimation préliminaire des ressources à Tatiggaq et Qavvik.
Forum Energy Metals Corp. (TSXV: FMC) (OTCQB: FDCFF) hat sein Bohrprogramm 2024 abgeschlossen am Aberdeen Uranium Projekt in Nunavut. Das Programm umfasste 30 Diamantbohrlöcher mit insgesamt 6.962 Metern über 5 Ziele. Die wichtigsten Highlights sind:
1. Neunzehn Löcher bei Tatiggaq, nach den Ergebnissen von 2023 von 2,25 % U3O8 über 11,1 Meter.
2. Zwei Löcher bei Qavvik zum Testen einer kontrollierenden Struktur.
3. Vier Löcher jeweils bei den Zielen Ayra und Ned.
4. Ein Loch bei Loki, das intensive Ton- und rußige Sulfidveränderungen zeigt.
Das Unternehmen hat auch über 5.000 Gravationsstationen abgeschlossen, um neue Bohrziele zu identifizieren. Die Analyseergebnisse werden Mitte bis Ende Oktober erwartet. Die VP für Exploration von Forum, Rebecca Hunter, erklärte, dass das Programm sehr erfolgreich war und Daten für eine vorläufige Ressourcenschätzung bei Tatiggaq und Qavvik liefern wird.
- Completion of 30 diamond drill holes totaling 6,962 metres across 5 targets
- Follow-up drilling at Tatiggaq based on promising 2023 results (2.25% U3O8 over 11.1 metres)
- Completion of over 5,000 gravity stations, identifying new drill targets
- Potential for preliminary resource estimate at Tatiggaq and Qavvik based on 2024 and proposed 2025 drilling
- Assay results delayed due to backlog at SRC Geoanalytical Laboratories
- Two drill holes at Ned target abandoned due to drilling conditions
- Loki drill hole terminated prematurely due to logistical and weather considerations
Vancouver, British Columbia--(Newsfile Corp. - October 1, 2024) - Forum Energy Metals Corp. (TSXV: FMC) (OTCQB: FDCFF) ("Forum" or the "Company") is pleased to announce its 2024 drilling program at the
"Our 2024 program was highly successful. We constructed a 40-person exploration camp to stage our future exploration efforts in the Thelon Basin with the expertise of our exceptional logistics team and were able to begin drilling in late June with a focus on our Tatiggaq deposit." stated Rebecca Hunter, Vice President of Exploration," In concert with that achievement was our ability to drill four additional targets including our second discovery, Qavvik. The 2024 drilling will provide us with great knowledge to develop an even more exciting 2025 program that will include Tatiggaq and Qavvik expansion and further drilling of greenfield gravity low targets, including Loki and Ayra. The 2024 and proposed 2025 drilling at Tatiggaq and Qavvik will provide us significant data to begin the development of a preliminary resource estimate."
Thirty drill holes have been completed on the following targets:
Tatiggaq - Nineteen drill holes were completed on this large gravity anomaly of which eleven drillholes focused on follow-up drilling from the 2023 drill program where
Qavvik - Two drill holes were completed to test an interpreted controlling structure of the uranium mineralization intersected by previous Cameco drilling.
Ayra - Four drill holes were completed on this sandstone covered target for uranium mineralization at the basement/sandstone unconformity contact. Previous drilling by Cameco intersected intense alteration and elevated uranium values within the sandstone and basement rocks.
Ned - Four drill holes were completed on this sandstone covered target for uranium mineralization at the basement/sandstone unconformity contact. Two of the holes were abandoned due to drilling conditions and two holes intersected the unconformity at approximately 200 metres.
Loki - One last drill hole was completed on this sandstone covered target for uranium mineralization at the basement/sandstone unconformity contact. Two historical holes were completed in the vicinity that intersected anomalous uranium values in the sandstone and anomalous clay alteration. The unconformity contact is at approximately 130 m and the 2024 drillhole exhibited intense clay and sooty sulphide alteration in the sandstone column but was terminated prematurely due to logistical and weather considerations in late September. Casing has been left to re-enter this drillhole next drilling season and much more of this prospective anomaly requires testing
In addition, over 5,000 gravity stations were completed on the property resulting in near full ground gravity coverage of Forum's 95,519-hectare property. New favourable drill targets have been identified from the preliminary data. This survey is meaningful given that all uranium deposits on the Orano/Denison/UEC Kiggavik property were discovered within gravity low targets.
*Source: Areva Resources Canada Inc., The Kiggavik Project, Project Proposal, November 2008 and Kiggavik Popular Summary, April, 2012 submission to the Nunavut Impact Review Board.
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.
Figure 1 The Thelon Basin is a geologic analogue to the Athabasca Basin in Saskatchewan. Orano/Denison/UEC's Kiggavik, End and Andrew Lake uranium deposits host 133 million pounds of uranium grading at
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4908/225199_9bda4c1a04de3a80_003full.jpg
Upcoming Marketing Events
Forum President & CEO, Richard Mazur and Dr. Rebecca Hunter, Vice President of Exploration will be attending Red Cloud's Fall Mining Showcase on October 16th and 17th in Toronto. In addition, CEO Rick Mazur will be presenting at "Commodities Global Expo" in Fort Lauderdale, Florida on October 21st and 22nd. Please see below for the registration link. The team will be presenting an update on Forum's 2024 drilling program on its high-grade uranium discovery in the Thelon Basin, Nunavut.
https://topshelf-partners.com/register/
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/225199
FAQ
What were the results of Forum Energy Metals' 2024 drilling program at the Aberdeen Uranium Project?
How many gravity stations did Forum Energy Metals complete at the Aberdeen Uranium Project in 2024?
What was the focus of Forum Energy Metals' drilling at the Tatiggaq target in 2024?
When does Forum Energy Metals expect to receive assay results from its 2024 Aberdeen Uranium Project drilling?
