Nov 12 2015
Forum Uranium Corp. ("Forum" or the "Company") is pleased to announce that plans are underway for a drill program in the winter of 2016 on its 100% owned Highrock project, located approximately 15 km south of the Key Lake mine site (Figure 1). Results of gravity surveys completed on the Highrock North and Highrock South claims are very positive with the identification of a number of gravity lows, which may be indicative of zones of alteration, clay development and uranium mineralization along very strong EM conductors on the property (Figure 2).
The combination of gravity low anomalies in conjunction with electromagnetic anomalies has proven to be a very successful exploration technique in the discovery of the Arrow deposit by NexGen Energy Ltd.
Ken Wheatley, Forum's Vice President, Exploration stated, "The proximity to the Key Lake mine, the strength of the conductive trend which we interpret to be the same basal graphitic unit that hosted the 200 million pound Key Lake uranium deposit and the quality of the gravity lows make this a high priority, near surface target for exploration."
As the Highrock projects lie just outside the southern edge of the Athabasca Basin, the shallow, basement hosted targets are well within open-pit mining limits. Forum plans an eight hole -- 1,500 metre drill program. Infrastructure in the Highrock area is excellent as the all-weather mine road and powerline to the Key Lake mill site runs approximately 10km west of the property.
Ken Wheatley, P.Geo. , Forum's Vice-President, Exploration is the Qualified Person that has reviewed and approved the contents of this news release.
http://www.marketwire.com/library/MwGo/2015/11/10/11G071367/Images/figure_1-82af8511d66890ac85ebd83736edd29e.jpg
Figure 1: Location of the Highrock Project.
http://www.marketwire.com/library/MwGo/2015/11/10/11G071367/Images/figure_2-3030760f52128ab5990a39cf2020157c.jpg
Figure 2: Ground Gravity Map of the Highrock Project. White ellipsoids mark target areas that are gravity lows (dark blue) in combination with long linear electromagnetic trends (black lines).