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Forum Energy Metals Corp.
Summary
| Project: | Janice Lake | |
|---|---|---|
| Deposit: | Janice Lake | |
| Location: | Canada | |
| Commodities: | Copper-Silver-Lead-Zinc | |
| Date: | 11/7/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 7-11-2018: Forum Energy Metals Corp. announces an Exploration/Drilling Update report for its Janice Lake deposit at the Janice Lake project. Drilling results incl. 15.0m @ 0.48% Cu, 4.3g/t Ag, 0.40% Pb, 0.50% Zn from 38.50m. FINAL ASSAYS INCLUDE 2 METRES | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Ken Wheatley (Internal) | |
| ABSTRACT: | FINAL ASSAYS INCLUDE 2 METRES GRADING 3.79% COPPER & 28 G/T SILVER AND NEW LEAD/ZINC ZONE AT FORUM’S JANICE LAKE PROJECT, SASKATCHEWAN Vancouver, B.C., November 5, 2018 - Further to the Company’s press release dated October 10, 2018, Forum Energy Metals Corp. (TSX.V: FMC) (“Forum”) is pleased to announce that final assays from all four holes intersected both copper and silver mineralization and a new lead/zinc zone within 80 m of surface in the JL-1 target area of the Janice Lake sedimentary copper project located in Saskatchewan’s Wollaston Copperbelt. Highlights are as follows: • Previously reported intersection of 19.0 m grading 1.0% Cu in Hole FEM-01 also reports 6.5 g/t Ag with the inclusion of a 2.0m interval grading 3.79% Cu and 28 g/t Ag. • Final assays for Hole FEM-02 identified a 15m zone of lead and zinc mineralization with values of 1.09% Pb and 0.62% Zn within a 5 m intersection grading 0.39% Cu and 4.3 g/t Ag. (see Table 1). Forum is very encouraged by the results at the JL-1 target, which confirms the potential for discovering a large near surface sedimentary copper deposit at Janice Lake. Drill hole locations and a cross section are shown in Figures 1 and 2. Drilling completed by Phelps Dodge in 2003 on the JL-1 target intersected copper in two holes. Holes JL-03-38 returned 22 m of 0.69% copper including 5.8 m grading 1.33 % copper and 5.5 g/t silver and a lower zone of 8.3 m of 0.52 % copper. JL-03-41 intersected 24 m of 0.42 % copper, including 6 m of 0.91 % copper and 3.2 g/t silver. These results, in addition to Forum’s recent assays, suggest that the mineralization in the JL-1 area is becoming stronger and slightly deeper to the southwest. | |
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