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Forum Uranium Corp.
Summary
| Project: | Clearwater | |
|---|---|---|
| Deposit: | Clearwater | |
| Location: | Canada | |
| Commodities: | Uranium | |
| Date: | 11/7/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 7-11-2016: Forum Uranium Corp. announces an Exploration/Drilling Update report for its Clearwater deposit at the Clearwater project. Drilling results incl. 0.6m of 1206 CPS from 136.3m. Vancouver, B.C., November 7, 2016 - Forum Uranium Corp. (TSX.V: FDC) | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Ken Wheatley (Internal) | |
| ABSTRACT: | Vancouver, B.C., November 7, 2016 - Forum Uranium Corp. (TSX.V: FDC) (“Forum”) and Uracan Resources Ltd. (TSX.V:URC) (“Uracan”) are pleased to announce an update on the ongoing drill program on Forum’s 100% owned Clearwater Project, on trend from Fission Uranium’s Triple R deposit and Nexgen Energy’s Arrow Deposit in the Athabasca Basin, Saskatchewan. The exploration drilling program previously announced on September 29, 2016 will be extended. Mongo Lake Area The Mongo area is interpreted to be on strike with the structure hosting the Triple R deposit. Drilling to date on the Mongo Lake area (drill holes CW-17 and CW-18) of the property (see Forum’s September 29th, 2016 news release for location of the Mongo Trend) have encountered predominantly mafic gneisses, locally weakly graphitic, that have been cut numerous times by felsic granitic dykes and moderately radioactive (thorium bearing) mafic dykes with probing peaks of up to 2345 counts per second. These mafic dykes have been reactivated by subparallel brittle shear zones. The upper section of the drill holes also contains intervals of secondary hematite alteration, both along fracture surfaces and locally within the matrix and lithological boundaries. Several intervals of moderate bleaching of the drill core have also been noted. Clays in the bleached zone have been analyzed by Forum’s TerraSpec (TSP 350-2500) instrument, and have come back as mostly illite, a clay associated with hydrothermal alteration and common around all of the eastern Athabasca Basin uranium deposits and at NexGen Energy’s Arrow deposit. Samples of the bleached and clay altered core will be geochemically analysed in the near term to confirm the nature and type of other clay minerals present. | |
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