Forum Energy Plc

Published : October 11th, 2007

Forum Defines Drill Targets On Molly Zone, Key Lake Road Project

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
NEWS

Forum Defines Drill Targets On Molly Zone, Key Lake Road Project

Vancouver, B.C. October 10, 2007. Forum Uranium Corp. (FDC: TSX-V) is pleased to announce results from a detailed structural mapping and prospecting program this past summer on the Molly Zone within its Key Lake Road property, located 70 kilometres from the Cameco/AREVA Key Lake uranium processing facility. A 1,200 metre drill program of 8 short holes averaging 150 metres (m) in length into this near surface, exploration target is planned in October/November 2007. Forum is exploring for basementstyle uranium mineralization similar to Cameco's 50 million pound Millennium uranium deposit in the Key Lake area.

Geological mapping and prospecting carried out in 2006 discovered uranium occurrences within graphitic metapelite and pegmatites in a 100 m long by 10 m wide zone with grab samples ranging from 185 ppm U to 0.23% U3O8. A program of detailed structural mapping and prospecting was undertaken this past summer to focus on the "Molly Graphite Showing".

Prospecting expanded the Molly Graphite Showing over an area encompassing 200 m by 50 m. A newly discovered outcrop within this zone identified a strongly mineralized graphitic shear structure which was trenched over its 24m length and its 3m width. Anomalous radioactivity was found over the entire length of the trench where a chip sample over 3m yielded an assay of 0.16% U3O8. The strong electromagnetic conductor along the Key Lake Road Shear Zone, a key locale for potential economic uranium deposits of the Millennium --type basement hosted deposits, occurs within 50 metres of this occurrence.

Forum has contracted Major Drilling to conduct an 8,000 metre drill program from October 2007 through to April, 2008 in the Key Lake Road project area. Major is currently mobilizing its crews to the project area.

Forum has contracted Major Drilling to conduct an 8,000 metre drill program from October 2007 through to April, 2008 in the Key Lake Road project area. Major is currently mobilizing its crews to the project area.

About Forum Uranium

Forum Uranium Corp. is a Canadian-based energy company with a focus on the acquisition, exploration and development of uranium projects. The Company has a 100% interest in over 190,000 hectares of uranium exploration properties, a 65% operating interest in the Costigan Lake Joint Venture with partner NVI Mining (Breakwater Resources) and a 50% operating interest in the Haultain River Joint Venture with partner Hathor Exploration in the prolific Athabasca Basin, Saskatchewan. Forum also has a 50% operating interest in the North Thelon Joint Venture ("NTJV") with partner Superior Diamonds in over 100,000 hectares of prospective ground nearby AREVA's 130 million pound U3O8 Kiggavik uranium deposit in the Thelon Basin, Nunavut Territory. The NTJV has recently optioned property in the Kiggavik area from Tanqueray Resources Ltd.

ON BEHALF OF THE BOARD

Richard J. Mazur, P.Geo.
President & CEO

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

For further information contact:

Timea Carlsen
Manager of Corporate Communications
FORUM URANIUM CORP.
910-475 Howe Street
Vancouver, BC V6C 2B3
Tel: 604-638-3949
Fax: 604-689-3609
Email: info@forumuranium.com
Website: www.forumuranium.com

Home | Corporate | News | Projects | Investors | Contact |

Forum Energy Plc

CODE : FEP.L
ISIN : GB00B07C1T48
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Forum Energy is a producing company based in United kingdom.

Forum Energy is listed in United Kingdom and in United States of America. Its market capitalisation is GBX 533.3 millions as of today (US$ 837.0 millions, € 748.3 millions).

Its stock quote reached its highest recent level on March 12, 2010 at GBX 99.75, and its lowest recent point on June 23, 2015 at GBX 15.00.

Forum Energy has 35 550 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
In the News and Medias of Forum Energy Plc
5/10/2019Forum Energy Metals inks $30m option with Rio on Janice Lake
Corporate news of Forum Energy Plc
10/22/2015Forum Energy misses Street 3Q forecasts
7/30/2015Weakness Seen in Forum Energy Technologies (FET) Estimates: ...
7/23/2015Forum Energy misses Street 2Q forecasts
4/23/2015Forum Energy beats 1Q profit forecasts
4/20/2015Share Price Movement, Possible Cancellation of Admission and...
3/3/2015Audited results for the year ended 31 December 2014
2/25/2015Audited results for the year ended 31 December 2014
2/12/2015Forum Energy misses Street 4Q forecasts
11/10/2014Forum Energy (FET) in Focus: Stock Rises 5.4% in Session
10/30/2014Trading Update
10/24/2014Forum Energy tops Street 3Q forecasts
3/21/2014Forum Energy (FET) Enters Overbought Territory
10/11/2007Forum Defines Drill Targets On Molly Zone, Key Lake Road Pro...
9/6/2007And Global Commence Airborne Geophysics On New Claims Acquir...
7/4/2007Commences Exploration On Key Lake Road Project
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
LSE (FEP.L)Other OTC (FOEYF)
15.00-21.05%0.620+0.00%
LSE
GBX 15.00
06/23 20:57 -4.00
-21.05%
Prev close Open
19.00 15.00
Low High
15.00 15.00
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  15.00 -%
Volume 1 month var.
1,092 -%
24hGold TrendPower© : -33
Produces
Develops
Explores for
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.70-0.65%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 12.26+2.68%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.53-1.87%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.64-1.86%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 16.23+4.04%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.24+4.26%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.20+2.63%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.88+0.53%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 52.71+0.19%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+5.56%Trend Power :