Forum holds a 100% interest in 95,500 hectares of ground adjacent to Orano's 133 million pound Kiggavik uranium project. Interpretation of historic uranium assay results from drilling in 2010 and 2011 on trend from Forum's drilling on the Tatiggaq deposit this summer confirms the potential to extend mineralization for up to 1.25 kilometres. The Tatiggaq deposit is located five kilometres west of Orano's 93 million pound
HIGHLIGHTS
Intersection of uranium mineralization shows continuity and consistency of high-grade mineralization 25 m east-northeast of TAT23-002 drilled this summer. The historical intercepts are as follows:
TUR-021 intersected 3.51% U3O8 over 7.6 m (from 148.1 - 155.7 m) including: 13.8% U3O8 over 1.2 m (153.3 - 154.5 m)
TUR-026 intersected 1.0% U3O8 over 14.9 m (from 177.6 - 192.5 m) including: 2.21% U3O8 over 4.6 m (184.0 - 188.6 m)
TUR-040 intersected 1.14% U3O8 over 9.0 m (from 159.1 - 168.1 m) including: 4.09% U3O8 over 0.5 m (159.6 - 160.1 m)
2.81% U3O8 over 2.5 m (162.5 - 165.0 m)
Dr.
Tatiggaq
The historic uranium intersections provide further evidence of the high-grade uranium mineralization potential of the Tatiggaq deposit. These holes show that the Tatiggaq fault is fertile for additional mineralization along this favourable trend. The 2023 drill program and re-evaluation of the historical holes confirms steep-dipping, high-grade sub-parallel uranium lenses present over 250 m along trend.
Tatiggaq Interpretation
Mineralization within the Tatiggaq deposit consists of two zones - the Main and West Zones and is located at depths between 80 and 180 m. The mineralization is hosted in a series of high-grade subparallel, steep, south-dipping fault zones that sit within a 50 m wide area. Individual high-grade mineralized structures are up to 10 m in width. The entire 0.7 km wide by 1.5 km long Tatiggaq gravity anomaly remains open for additional uranium mineralization both along strike of the known zones but also along numerous sub-parallel fault zones to the north and south.
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This press release contains forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause Forum's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include but are not limited to: uncertainties related to the historical data, the work expenditure commitments; the ability to raise sufficient capital to fund future exploration or development programs; changes in economic conditions or financial markets; changes commodity prices, litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological or operational difficulties or an inability to obtain permits required in connection with maintaining or advancing its exploration projects.
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