Forum Uranium
Forum Uranium Corp. is a Canadian-based energy company with a focus on the acquisition, exploration and development of Canadian uranium projects in the Athabasca Basin, Saskatchewan and the Thelon Basin, Nunavut. 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 nearby existing infrastructure by exploring on its 100% owned properties and through strategic partnerships and joint ventures.
Forum Uranium intersects large and re-activated basement fault system at Maurice Point
Forum Uranium Corp. (FDC: TSX-V) and partner Mega Uranium (MGA: TSX-V) announced that its 2,300 metre winter drill program had completed on the Maurice Point property in the Athabasca Basin, Saskatchewan, Canada.
Forum said the highlight of the program was a drill intersection of a very large and re-activated “basement fault system with associated strong hydrothermal alteration”, which extended to a depth of more than 250 metres.
“I have seen very few structures of this magnitude and with this amount of alteration within the basement lithologies underlying the Athabasca Basin. It appears that a large volume of fluid has been pumped along this fault system and our future exploration programs will be concentrated along this highly prospective target.” said Ken Wheatley, Vice President of Exploration.
The ten hole program was drilled on the Colin River and Beach Zone, while drilling at Spring Point had to be postponed to demobilize the drill rig before spring break up.
Mega Uranium can earn a 55% interest in the Forum-operated Maurice Point project by spending $8 million over 3 years.
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Other Forum Uranium articles
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09/05/08 Forum Uranium: on the hunt in the Athabasca and Thelon basins
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23/04/08 Rick Mazur of Forum Uranium talks to Proactiveinvestors
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30/11/07 Forum Uranium: on the hunt in the Athabasca and Thelon basins
Other Forum Uranium news
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19/12/08 Forum Uranium raises CDN$500,000 in private placement
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03/12/08 Forum Uranium signs MOU for exploration of Inuit-owned land near Areva’s Kiggevik mine project
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27/11/08 Forum Drill Program Identifies Uranium Potential on Trend From Areva's Kiggavik Mine
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21/02/08 Forum Uranium starts drilling in Athabasca Basin
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