Rick Mazur, President and CEO of Forum Energy Metals (TSX.V:FMC – OTCQB:FDCFF), joins us to provide an exploration update on the 8,000 meter diamond drilling program at their 100% owned Aberdeen Uranium Project, in the Thelon Basin, Nunavut. Seventeen holes have been completed, totaling 4,307 meters along the Tatiggaq Fault within the 1.5km by 0.7km Tatiggaq anomaly. A total of 685 samples have been shipped to SRC Laboratories in Saskatoon, Saskatchewan for analysis. Results are expected by the end of September.
The company is utilizing the data modeled from last year’s Ambient Noise Tomography (ANT) survey, to refine and outline high-priority drill targets as they move away from the known mineralization at Tatiggaq West and Main areas. Additionally, the processed ANT data on Ned has outlined the unconformity depth (Thelon Formation sandstone) as well as potential faults and alteration that will be targeted in the upcoming drilling program. The drills have moved on to other highly prospective regional areas, like the Ned, Qavvik, and Ayra targets. Rick unpacks the depth of these holes and the kind of mineralization the drills will be testing in the second phase of this year’s drill program.
Rick also recapped a recent tour of Directors to the Aberdeen project and the Kiggavik Core Storage Facility with Forum’s Geological Advisor, Dr. Peter Wollenberg, who discovered two of the largest deposits at Kiggavik for Orano, and verified that the uranium mineralization processes on Forum’s property are identical to the Kiggavik uranium deposits. Assays from all this drilling should start coming in for release to the market from late September through November.*
If you have questions for Rick on Forum Energy Metals, then please email them into us at either Fleck@kereport.com or Shad@kereport.com.
- In full disclosure, Shad is a shareholder of Forum Energy Metals at the time of this recording
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