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Forum Uranium Corp.
Summary
| Project: | Clearwater | |
|---|---|---|
| Deposit: | Clearwater | |
| Location: | Canada | |
| Commodities: | Uranium | |
| Date: | 2/16/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 16-2-2017: Forum Uranium Corp. announces an Exploration/Drilling Update report for its Clearwater deposit at the Clearwater project. Drilling results incl. 6.5m @ 4.345 Zn, 0.3% Pb from 259.5m. Forum Uranium Corp. (TSX.V:FDC) (“Forum”) and Uracan Resource | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Ken Wheatley (Internal) | |
| ABSTRACT: | Forum Uranium Corp. (TSX.V:FDC) (“Forum”) and Uracan Resources Ltd. (TSX.V:URC) (“Uracan”) announce the intersection of 4.34% zinc and 0.3% lead over 6.5 metres from 259.5m to 266.0m in hole CW-16 on Forum’s Clearwater Project. The sample was reanalysed at SRC Geoanalytical Laboratories and returned 4.54% zinc and 0.275% lead. This interval occurs within a 30.2m zone (241.8 – 272.0m) of anomalous zinc mineralization with assays ranging between 114ppm to 43400 ppm. CW-16 was one of five holes drilled on the Mongo target on trend from Fission Uranium’s Triple R deposit and Nexgen Energy’s Arrow Deposit in the Athabasca Basin, Saskatchewan (Figure 1). These samples were collected as ‘chip’ samples as the core was not radioactive. Chip samples consist of systematically collecting similar sized small fragments of the core at a regular spacing of approximately one metre across zones of similar lithology and alteration. These individual chips from discrete lithological intervals are combined into a single sample that is submitted for analysis. True widths of this interval are not known at this time. The reader is cautioned that the assays may not be representative of the interval sampled. These results indicate that additional follow up work is needed to determine the nature and potential for base metal mineralization in addition to evaluating the uranium potential of untested targets on the property. | |
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