Forum Energy: Camp Construction Begins; 10,000 Metre Drill Program to Commence Soon at the Aberdeen Uranium Project, Thelon Basin, Nunavut
Forum Energy Metals has started constructing a drill camp at its Aberdeen Uranium Project in Nunavut, Canada, adjacent to the Kiggavik uranium deposit. The camp will support a 10,000-meter drill program beginning mid-June. Inuit-owned Peter's Expediting transported drills and equipment to the site, while Discovery Mining Services is building the 30-person camp. Follow-up drilling will target the Tatiggaq deposit, where previous drilling showed uranium mineralization over a 1.5 km area. Dr. Rebecca Hunter, VP of Exploration, noted that the geological team is analyzing recent Ambient Noise Tomography results for June's drill targets.
- Commencement of a 10,000-meter drill program at Aberdeen Uranium Project.
- Construction of a 30-person drill camp underway, supporting future operations.
- Proximity to the established Kiggavik uranium deposit (133 million pounds).
- Inuit-owned contractor involvement strengthens local community ties.
- Previous drilling at Tatiggaq deposit intersected up to 2.25% U3O8 over 11.1 meters.
- Ongoing dependence on seasonal and weather conditions for operations.
- High logistical and operational costs due to remote location.
Vancouver, British Columbia--(Newsfile Corp. - May 21, 2024) - Forum Energy Metals Corp. (TSXV: FMC) (OTCQB: FDCFF) ("Forum" or the "Company") announces it has commenced construction of its drill camp on the Aberdeen Uranium Project, located adjacent to Orano's 133 million pound Kiggavik uranium deposit in the Thelon Basin, Nunavut. Forum's contactor, Inuit-owned Peter's Expediting Ltd. completed 11 trips of drills, camp and other equipment by sled train to the site located 120 kilometres west of Baker Lake, Nunavut. The snow has cleared and Discovery Mining Services of Yellowknife, NWT has commenced construction of a 30-person drill camp to support a 10,000 metre drill program by mid-June. Follow-up drilling will focus on building a resource identified by four holes drilled over a 200-metre strike length into the Tatiggaq deposit in 2023 which intersected up to
Dr. Rebecca Hunter, Vice President, Exploration commented, "Forum's geological team is evaluating the recent Ambient Noise Tomography (ANT) results to establish initial targets for the June drill program."
Figure 1 Fuel tanks, sea containers with drills, camp materials and other equipment were successfully transported by sled train to the site of the Aberdeen drill camp by Inuit-owned contractor, Peter's Expediting Ltd. A 10 person crew with helicopter support from Forest Helicopters, Kenora, Ontario has been mobilized to build the camp for this summer's drill program.
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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.
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/209912
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