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Forum Uranium Corp.

Published : November 23rd, 2011

EXPLORATION UPDATE=2C SASKATCHEWAN AND NUNAVUT

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Keywords :   Canada | Rare Earth | Uranium |

EXPLORATION UPDATE, SASKATCHEWAN AND NUNAVUT
 
Key Point Summary
 

  • Hathor Joint Venture at Henday - on hold until Takeover Bids by Cameco and Rio Tinto are resolved  
  • Northwest Athabasca (Maurice Bay Deposit) - drill program to start early January, 2012
  • North Thelon � summer drill results pending
  • Key Lake Road � drill ready
  • Rare Earth Elements � Kipawa West and Nutaaq results pending

 
Forum Uranium Corp. (FDC: TSX-V) is pleased to give an update on their various exploration projects in the Athabasca and Thelon Basins, Canada. 
 
Henday Joint Venture (60% Hathor; 40% Forum)   
 
This project is currently on hold until a resolution of the takeover bids by Cameco and Rio Tinto is voted upon by Hathor�s shareholders. The Henday project is on the northeast extension of the Midwest Fault, which controls mineralization on Hathor�s Roughrider zone and Areva/Denison�s Midwest deposit.   Drilling in 2011 identified a large illite alteration halo with uranium grades up to 1,610 ppm Uthat requires follow-up drilling.
 
Northwest Athabasca (Forum and Mega Uranium earning 60% from Cameco)
 
A 4,000 metre drill program is planned for early January, 2012.  There are numerous targets as defined by the gravity survey completed by Forum and Mega in the winter of 2011, as well as EM conductor targets defined by Cameco in 2005 to 2007.  Most of these remain untested by drilling as most of the work on the project was completed in the late 70�s and early 80�s and concentrated on areas with surface expressions of radioactivity.  Work will commence in the vicinity of Zone 2A, which returned grades of up to 5.68% U3O8 over 8.5 metres.  
 
The Maurice Bay deposit (with a historical resource* of 1.5 million pounds uranium grading 0.6% U3O8), Zone 2A and three other areas of surface mineralization show the project�s potential for further discoveries.  Forum�s 100% owned Maurice Point project surrounds the Northwest Athabasca project, where numerous gravity and structural drill targets have been identified. 
 
North Thelon (100% Forum and Options with Agnico-Eagle and NTI)
 
A 2,000 metre drill program, gravity surveys and soil sampling were completed by the end of September, 2011.  Several targets were investigated by the drill program which focused on gravity targets along the major structures on strike from Areva�s Kiggavik deposits and Cameco�s new uranium discoveries.  Large structures and intense alteration were intersected in most of the drill holes. Analytical results are pending.  Three of the targets drilled in 2011 require follow-up drilling (Tarzan, BL-32 located in the middle of Cameco ground, and Judge), and there remains six more targets that were not drilled.  Forum has mobilized fuel and supplies to Baker Lake for another round of drilling in 2012.
 
Key Lake Road Projects (100% Forum and JV�s with Virginia Energy and NVI)
 
The extensive Key Lake Road project lies south of the Cameco/Areva Key Lake mill along the major shear zone that controls the location of the unconformity deposits of the eastern Athabasca basin.  Gravity, electromagnetic, magnetic and soil sampling programs have identified numerous targets that have been drilled since 2005. Numerous targets remain and are in a drill ready state. The basement-hosted Millennium, Roughrider and Eagle Point deposits are the exploration models for this area.
 
Rare Earth Projects (100% Forum and Option to earn 65% from Aurizon)
 
Rock and soil geochemical programs have been completed on the Kipawa West project adjacent to Matamec�s Kipawa deposit in Quebec and the Nutaaq project nearby the Kiggavik uranium deposit in Nunavut. Analytical results are pending.   
 
Ken Wheatley, P.Geo. (Saskatchewan, Alberta, Nunavut), Vice President, Exploration is the Qualified Person who has reviewed the contents of this news release.
 
*Historical resource for the Maurice Bay deposit, as reported by Saskatchewan Industry and Resources, Miscellaneous Report 2003-7, has not been calculated or classified under the specifications of National Instrument 43-101 and should not be relied upon.

About Forum Uranium
Forum Uranium Corp. is a Canadian-based energy company with a focus on the acquisition, exploration and development of Canadian uranium and rare earth projects. 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 in the Athabasca Basin, Saskatchewan and the Thelon Basin, Nunavut by exploring on its 100% owned properties and through strategic partnerships and joint ventures. The Company is also evaluating North American rare earth prospects.
 
ON BEHALF OF THE BOARD
 
 
Richard J. Mazur, P.Geo.

President & CEO

Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

Forum Uranium Corp.

EXPLORATION STAGE
CODE : FDC.V
ISIN : CA3498523016
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Forum Uranium is an exploration uranium company based in Canada.

Forum Uranium holds various exploration projects in Canada.

Its main exploration properties are KEY LAKE ROAD, MAURICE POINT, NORTH THELON, HENDAY, COSTIGAN LAKE and KIPAWA WEST in Canada.

Forum Uranium is listed in Canada and in United States of America. Its market capitalisation is CA$ 6.9 millions as of today (US$ 5.3 millions, € 4.8 millions).

Its stock quote reached its lowest recent point on December 19, 2008 at CA$ 0.03, and its highest recent level on February 11, 2011 at CA$ 7.80.

Forum Uranium has 53 230 000 shares outstanding.

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Corporate Presentations of Forum Uranium Corp.
5/9/2008E-vite to the NY Hard Assets Conference
In the News and Medias of Forum Uranium Corp.
4/22/2009UraniumLetter International Reports on Forum
4/8/2009Salman Reports on Hathor and Forum's Henday Project
Financings of Forum Uranium Corp.
3/21/2013CLOSES FINAL TRANCHE OF $2.6 MILLION PRIVATE PLACEMENT
3/8/2013Closes Third Tranche of Private Placement
2/26/2013Closes Second Tranche of Private Placement
2/6/2013CLOSES FIRST TRANCHE OF PRIVATE PLACEMENT
4/7/2011Announces Up To $5 Million Private Placement
10/28/2009Closing of Private Placement
8/18/2009Closing of Final Tranche of Private Placement
8/11/2009Closing of The First Tranche of Its Private Placement
7/23/2009Announces $250,000 Private Placement
1/7/2009Increases Financing To $560,000 And Announces Closing Of Fir...
12/18/2008Announces $500,000 Non-Brokered Private Placement and Provid...
8/6/2008Announces Repricing Of Flow Through Share Financing
6/9/2008ANNOUNCES $3,000,000 BROKERED PRIVATE PLACEMENT
Option Grants of Forum Uranium Corp.
3/4/2008GRANTS STOCK OPTIONS
Nominations of Forum Uranium Corp.
2/2/2011Ian Stalker Joins Forum Board of Directors
10/30/2009Appoints New Director
4/10/2007Former Areva Geologist, Ken Wheatley Appointed Vice Presiden...
Project news of Forum Uranium Corp.
5/9/2013Drill Results at the Northwest Athabasca JV
4/11/2013drill results
2/28/2013COMMENCES DRILLING ON NORTHWEST ATHABASCA JV
2/8/2013=E2??S COMPILATION SHOWS POTENTIAL ON ITS CLAIMS ALONG TREND...
1/17/2013STAKES CLAIMS ON TREND OF THE ALPHA=2FFISSION DISCOVERY IN T...
1/9/2013UP TO 1% U308 ENCOUNTERED IN DRILLING ON THE NORTHWEST ATHAB...
11/26/2012HIGH GRADE ASSAY RESULTS
5/9/2012DRILLING DISCOVERS BASEMENT=2DHOSTED URANIUM ON THE NW ATHAB...
4/12/2012ON FORUM URANIUM EXPLORATION PROGRAMS
2/22/2012RECEIVES ENCOURAGING DRILL RESULTS ON ITS AGNICO=2DEAGLE OPT...
2/14/2012RECEIVES ENCOURAGING DRILL RESULTS ON INUIT OWNED LANDS NEAR...
2/1/2012(Kipawa West)HEAVY RARE EARTH POTENTIAL ON THE KIPAWA WEST PROJECT
1/23/2012DRILL PROGRAM COMMENCES ON NORTHWEST ATHABASCA PROJECT
10/5/2011(Kipawa West)Announces Kipawa West Heavy Rare Earth Exploration Program
10/4/2011Roxgold Receives Additional High Grade Gold Intercepts from ...
8/10/2011(North Thelon)COMMENCES DRILLING ON NORTH THELON URANIUM PROJECT
3/31/2011(Henday)and Hathor Complete Drill Program on the Henday Project
10/21/2010(North Thelon)Purchases 100% Interest in Tanqueray Claims at the North The...
10/21/2010(North Thelon)Purchases 100% interest in Tanqueray claims at the North The...
8/19/2009(Key Lake Road)Commences Summer Exploration On Key Lake Road Project
2/27/2009(Henday)Hathor Options Forum's Henday Property Northeast of the Roug...
1/27/2009(Key Lake Road)Commences Geophysics On The Key Lake Road Project
4/23/2008(Maurice Point)DRILLS INTO A MAJOR BASEMENT-HOSTED HYDROTHERMAL ALTERATION ...
2/21/2008(Maurice Point)AND MEGA COMMENCE DRILLING AT MAURICE POINT URANIUM PROJECT
4/2/2007(Key Lake Road)Releases Assay Results From Ongoing Key Lake Drill Program
Corporate news of Forum Uranium Corp.
1/25/2016Forum Closes Second Tranche Of $850,000 Private Placement
1/21/2016Forum Uranium: Corporate Update and 2016 Exploration Plans f...
1/14/2016Forum Increases Private Placement To $850,000
1/11/2016Rio Tinto Canada Uranium Corporation Plans Winter Drill Prog...
12/31/2015Forum Increases Private Placement To $750,000
12/29/2015Forum Announces First Tranche Closing of Private Placement
12/21/2015Forum Announces $500,000 Non-Brokered Private Placement
11/10/2015Forum Appoints New CFO; Reprices and Grants Incentive Stock ...
11/10/2015Forum Plans Winter Drill Program On Highrock Project Near Ke...
11/3/2015Forum and Rio Tinto Canada Uranium Corporation Amend Henday ...
8/24/2015Forum Announces Extension Of Warrant Term
7/21/2015Why KKR's First Data Is Filing for an IPO
7/17/2015Uranium Juniors That Could Be The Next Takeover Targets
6/16/2015Forum Intersects Elevated Uranium, Boron And Base Metals At ...
5/11/2015Forum Plans Gravity And Radon Surveys For Follow-Up Drilling...
4/20/2015Forum Discovers Potential New Uranium Trend on its 100% Owne...
2/26/2015Forum Commences Drilling on its 100% Owned Fir Island Projec...
2/26/2015Commences Drilling on Its 100% Owned Fir Island Project
2/26/2015Forum Commences Drilling on Its 100% Owned Fir Island Projec...
1/22/2015Uracan And Forum Announce Drill Results From Clearwater Prop...
1/22/2015Uracan and Forum Announce Drill Results From Clearwater Prop...
1/13/2015Reviews 2014 Highlights and 2015 Drill Plans at Patterson La...
1/13/2015Forum Reviews 2014 Highlights and 2015 Drill Plans at Patter...
12/10/2014Uracan And Forum Commence Drilling On Clearwater Property In...
12/10/2014Uracan and Forum Commence Drilling on Clearwater Property in...
10/28/2014Forum Provides North Thelon Project Update as Areva Files En...
8/27/2014Uracan and Forum Sign Definitive Option Agreement on Clearwa...
8/19/2014Forum Acquires 100% of the Karpinka Property South of the Ke...
8/13/2014Positive Drill Results from Northwest Athabasca Joint Ventur...
7/8/2014Forum Options Patterson Lake South Area Property to Uracan R...
7/8/2014Uracan options Patterson Lake South area property from Forum...
5/1/2014Forum Uranium Corp.: Drilling Confirms High Grade Intersecti...
10/22/2013Anomalous Radon Results Returned From Forum Uranium Claims a...
10/22/2013Anomalous Radon Results Returned From Forum Uranium Claims a...
9/17/2013Follow-Up Prospecting and Expanded Radon Surveys on Forum Ur...
9/12/2013James A. Hutton Appointed to Forum's Advisory Board
7/30/2013Airborne Radiometric Survey Commences on Forum Uranium Claim...
7/3/2013News Release
6/13/2013Mentioned in the Sun News Video Interview with Mark Lackey
6/6/2013David Talbot of Dundee recommends Forum Uranium
6/5/2013REPORTS WIDE ZONE OF CONTINUOUS=2C SHALLOW URANIUM MINERALIZ...
6/5/2013Reports Wide Zone of Continuous, Shallow Uranium Mineralizat...
5/28/2013Commences Airborne Geophysical Survey on Its Claims Along Tr...
5/13/2013Dundee Capital Market Report
4/23/2013CLOSES $500=2C000 PRIVATE PLACEMENT=3B AIRBORNE SURVEY PATTE...
4/11/2013Hits =E2?=9COff Scale=E2?=9D at Zone A and 40 Metres of Radi...
4/10/2013Hits "Off Scale" at Zone A and 40 Metres of Radioactivity at...
1/23/2013REVISES FLOW THROUGH SHARE PRICE TO $0.40 PER FT SHARE
1/14/2013Announces $2 Million Non-Brokered Private Placement
12/28/2012Confirms Share Consolidation
12/28/2012Confirms Share Consolidation
11/8/2012Shallow, High Grade Uranium Mineralization Confirmed on NW A...
10/29/2012RETAINS CHF INVESTOR RELATIONS
10/25/2012AND MEGA COMMENCE DRILL PROGRAM ON THE NORTHWEST ATHABASCA P...
6/19/2012Rio Tinto Exercises Option
12/22/2011Strategically Positioned In The Emerging Kiggavik Mining Cam...
12/2/2011Dundee Analyst Recommends Forum in Wake of Rio Tinto Takeove...
11/23/2011EXPLORATION UPDATE=2C SASKATCHEWAN AND NUNAVUT
9/22/2011EXTENDS DRILL PROGRAM; STAKES MORE GROUND IN THE KIGGAVIK AR...
5/4/2011Closes $5.7 Million Brokered Private Placement
12/1/2010(TSX.V: FDC) featured on BNN
11/15/2010Retains Falcon Point Capital Partners as Investor Relations ...
11/9/20104,500 Metre Drill Program at Henday; New Geochemical Targets...
11/5/2010Announces Board and Management; Grants Options
5/11/2010In The News - minesite.com
3/3/2010In The News - The Midas Letter
11/10/2009In The News - Forum Uranium
10/29/2009In The News - Forum Uranium
4/28/2009In The News - Forum Uranium Setting the Pace in Nunavut
4/1/2009Ground Geophysics Underway at the Forum/Hathor Henday Proper...
3/18/2009In The News - Hard Rock Analyst Recommends Accumulation of F...
3/4/2009Agreements with Nunavut Tunngavik Incorporated
12/2/2008SIGNS MOU WITH NUNAVUT TUNNGAVIK INCORPORATED FOR EXPLORATIO...
11/26/2008IDENTIFIES URANIUM POTENTIAL ON TREND FROM AREVA'S KIGGAVIK ...
9/9/2008IDENTIFIES ALTERATION ZONE WITH ANOMALOUS URANIUM GEOCHEMIST...
7/24/2008ACQUIRES 100% INTEREST IN HIGHROCK LAKE CLAIM, ATHABASCA BAS...
7/8/2008ACQUIRES 100% INTEREST IN THE NORTH THELON JV PROPERTY
6/18/2008MOBILIZES GRAVITY CREWS TO NORTH THELON JV PROPERTY
5/28/2008COMPLETES AIRBORNE SURVEY OVER TANQUERAY
5/27/2008ENGAGES DEACON & COMPANY AS CORPORATE ADVISORS
3/3/2008COMPLETES $3 MILLION FINANCING WITH AGNICO-EAGLE
2/6/2008DEFINES SEVEN PRIORITY URANIUM EXPLORATION TARGETS, NORTH TH...
5/17/2007Finalizes Agreement For The Purchase Of Henday Project Near ...
5/7/2007Chief Geologist, Dr. Boen Tan Receives Outstanding Achieveme...
3/12/2007Uranium And Global Uranium Intersect 0.19% U3O8 At Orchid La...
3/7/2007Announces Stock Option Grant
2/20/2007Completes Orchid Lake Drilling; Moves To Hobo
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TSX-V (FDC.V)OTHER OTC (FDCFF)
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