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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (593)5/31/2013 4:02:51 AM
From: Goose94Read Replies (1) of 202922
 
Forum Uranium (FDC-V) begins survey on Clearwater

May 28, 2013 - News Release

Forum Uranium Corp. has commenced an electromagnetic and magnetic survey of its 100-per-cent-owned Clearwater project. Forum's claim, staked immediately adjacent to the southwest of the Alpha Minerals/Fission Uranium claim boundary, is interpreted to be on strike with the fertile conductive trend that hosts the high-grade uranium discovery on the Patterson Lake South project. Forum's property lies only four kilometres southwest of the high-grade boulder train on the Alpha/Fission property.

An image on the company's website shows historic electromagnetic trends, a magnetic map and lake sediment geochemical surveys in the Patterson Lake South area. The electromagnetic (EM) surveys stopped at Forum's claim boundary; however, EM conductors from these historic surveys trend in the direction of Forum's ground. Of particular note is that the highest lake sediment value in the area lies on Forum's southwest claim with a value of 8.3 parts per million (ppm) uranium. Most values are between one and three ppm uranium and the lake sediment sample taken down ice from the Patterson lake boulder field was 3.2 ppm uranium.

An Aeroquest airborne helicopter-borne time domain electromagnetic survey with Bfield-VTEM Plus and magnetic gradiometer system will be flown on 200-metre line spacings for a total of 647 line kilometres over Forum's 99-square-kilometre property. The VTEM Plus system has been chosen for its depth penetration and vertical/spatial resolution of graphitic conductors that are prospective hosts for unconformity-style uranium deposits.

This is the first phase of this year's summer exploration program. Plans are to conduct an airborne radiometric survey and a detailed prospecting survey to search for any boulder fields similar to those found on the Alpha/Fission ground.

Ken Wheatley, PGeo (Saskatchewan/Nunavut), Forum's vice-president, exploration, is the qualified person that has reviewed and approved the contents of this news release.
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