Forum Energy Metals Corp. (TSX.V: FMC) is delighted to announce the results of an airborne electromagnetic, magnetic, and radiometric survey of its 100% owned Wollaston uranium project, which is located 10 kilometers south of Cameco’s Rabbit Lake Uranium Mill and 30 kilometers south of Orano/Denison’s McClean Lake Uranium Mill in the northeastern Athabasca Basin. The Axiom Exploration Group Ltd. conducted a 1,650-km, 100-m line-spacing Xcite TDEM and coincident magnetic survey over the entire project area. (Figure 1 and Figure 2). EM surveys identified at least 45 km of linear conductors, many of which have yet to be drilled or are too shallow to identify deeper basement-hosted uranium deposits. Forum is planning to conduct a ground gravity survey and a drill program in the near future.
“The results of this survey are quite exceptional, adding substantially to the understanding of this project and potential for discovery,” said Ken Wheatley, Vice President, Exploration.
The discovery of the Gizmo zone last winter has prompted the identification of new high-priority targets in addition to existing uranium mills. Ground gravity surveys will be conducted over the new target areas immediately. This project will be immediately drilled near existing uranium mills.