- Forum Energy Metals Corp. (FMC) begins drilling on Wollaston Uranium Project in Saskatchewan’s Athabasca Basin
- The Wollaston project is prospective for uranium deposits
- Gravity crews have completed surveys on the main target areas to be drill tested
- Forum will drill approximately 3,000 metres in 10 to 12 drill holes on the western side of the project
- Forum Energy Metals Corp is a Canadian-based mineral resource company
- Forum Energy Metals Corp. (FMC) is unchanged trading at $0.275 per share as of 3:32 p.m. EST
Forum Energy Metals Corp. (FMC) has begun drilling on Wollaston Uranium Project in Saskatchewan’s Athabasca Basin.
Ken Wheatley, Forum’s Vice President of Exploration, stated,
“The northeastern area of the Athabasca Basin is the home to numerous uranium deposits. Since the original discovery of the Rabbit Lake mine in 1968, the McClean, Sue, Collins Bay and Eagle Point deposits have been mined, and the Midwest, Midwest A and Roughrider deposits are waiting for future development… The presence of two uranium processing mills within driving distance of the project adds immensely to the value of the project.”
The Wollaston project is outside a margin of the overlying Athabasca sandstone and is prospective for uranium deposits such as Cameco’s Eagle Point mine and NexGen’s Arrow deposit.
Gravity crews have completed surveys on the main target areas to be drill tested. The surveys detect alterations surrounding potential uranium deposits associated with structures outlined by electromagnetic (EM) conductors.
Forum will drill approximately 3,000 metres in 10 to 12 drill holes on the western side of the project.
Wheatley continued,
“Historic drilling tested the conductive units to a shallow depth, and in areas where there were radioactive boulders noted at surface… MWH Geo-surveys International has developed a series of drill targets that were never before identified, being located at zones of structural disruption along the EM conductors.”
Forum Energy Metals Corp is a Canadian-based mineral resource company focused on the exploration and development of energy metals: copper, cobalt, uranium, and palladium.
Forum Energy Metals Corp. (FMC) is unchanged trading at $0.275 per share as of 3:32 p.m. EST.