Forum Plans Winter Drill Program on Highrock Project Near Key Lake Mine, Athabasca Basin
VANCOUVER, BC--(Marketwired - November 10, 2015) - Forum Uranium Corp. (TSX VENTURE: FDC) ("Forum" or the "Company") is pleased to announce that plans are underway for a drill program in the winter of 2016 on its 100% owned Highrock project, located approximately 15 km south of the Key Lake mine site (Figure 1). Results of gravity surveys completed on the Highrock North and Highrock South claims are very positive with the identification of a number of gravity lows, which may be indicative of zones of alteration, clay development and uranium mineralization along very strong EM conductors on the property (Figure 2). The combination of gravity low anomalies in conjunction with electromagnetic anomalies has proven to be a very successful exploration technique in the discovery of the Arrow deposit by NexGen Energy Ltd.
Ken Wheatley, Forum's Vice President, Exploration stated, "The proximity to the Key Lake mine, the strength of the conductive trend which we interpret to be the same basal graphitic unit that hosted the 200 million pound Key Lake uranium deposit and the quality of the gravity lows make this a high priority, near surface target for exploration."
As the Highrock projects lie just outside the southern edge of the Athabasca Basin, the shallow, basement hosted targets are well within open-pit mining limits. Forum plans an eight hole -- 1,500 metre drill program. Infrastructure in the Highrock area is excellent as the all-weather mine road and powerline to the Key Lake mill site runs approximately 10km west of the property.
Ken Wheatley, P.Geo. , Forum's Vice-President, Exploration is the Qualified Person that has reviewed and approved the contents of this news release.
Figure 1: Location of the Highrock Project.
Figure 2: Ground Gravity Map of the Highrock Project. White ellipsoids mark target areas that are gravity lows (dark blue) in combination with long linear electromagnetic trends (black lines).
About Forum Uranium
Forum Uranium Corp. is a Canadian-based energy company with a focus on the acquisition, exploration and development of Canadian uranium projects. Forum has assembled a highly experienced team of exploration professionals with a track record of mine discoveries for unconformity-style uranium deposits in Canada. The Company has a strategy to discover near surface uranium deposits in the Athabasca Basin, Saskatchewan by exploring on its 100% owned properties and through strategic partnerships and joint ventures.
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.
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Source: Marketwired (Canada)
(November 10, 2015 - 9:01 AM EST)
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