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Gold/Mining/Energy : Mining News of Note -- Ignore unavailable to you. Want to Upgrade?

To: LoneClone who wrote (39700)	7/9/2009 9:10:39 PM
From: LoneClone	Read Replies (1) \| Respond to of 193482

Forum Commences Exploration on North Thelon Project Adjoining Arevas Kiggavik Deposit, Nunavut Thu Jul 9, 11:25 AM ca.news.finance.yahoo.com Vancouver, B.C. July 9, 2009. Forum Uranium Corp. (FDC: TSX-V) is pleased to announce that the summer exploration program has commenced on its North Thelon project in Nunavut, including its 100% owned claims and property optioned from Agnico-Eagle Mines Ltd., Tanqueray Resources Limited and Nunavut Tunngavik Inc. Forum has assembled a strategic land position surrounding the Kiggavik mine development project which is currently under feasibility, permitting and environmental assessment by Areva Resources Canada Inc. Areva currently has three drills on site completing geotechnical work as part of the feasibility study. The Kiggavik deposits host 134 million lbs of uranium at an average grade of 0.27% U3O8 and is one of the largest undeveloped uranium deposits in the world. It is Forum’s goal to discover adjacent deposits that can feed the proposed mill that is slated to produce 7.8 million pounds of uranium per year over a 17 year mine life. (Source: Areva Resources Canada Inc., The Kiggavik Project, Project Proposal submission to the Nunavut Impact Review Board, November 2008). Mapping, prospecting, till and outcrop sampling will be performed on high-priority areas identified by Forum’s 2007 and 2008 geological, geophysical and diamond drilling programs. Work will be conducted where diamond drilling intersected 79.5 metres of anomalous uranium and strong illite alteration on the Tarzan showing along the structural trend hosting the Kiggavik deposits. This summer’s work program will also focus on Inuit-owned land package BL-21 located near Kiggavik where Forum finalized an exploration agreement with Nunavut Tunngavik Inc. in March, 2009. Uranium occurrences found in the late 70’s and early 80’s on this Inuit-owned land package will be further investigated by utilizing knowledge gained from the adjacent Kiggavik deposits and applying the latest exploration technologies. Ken Wheatley, P.Geo. (Saskatchewan, Nunavut), Vice President, Exploration is the Qualified Person that has reviewed the contents of this news release. Figure 1: North Thelon Location Map. Forum ground is in white and yellow, Areva in red and Cameco in blue. To view Image URL Please Click here: forumuranium.com UAbout Forum UraniumU Forum Uranium Corp. is a Canadian-based energy company with a focus on the acquisition, exploration and development of Canadian uranium projects in the Athabasca Basin, Saskatchewan and the Thelon Basin, Nunavut. 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 nearby existing infrastructure by exploring on its 100% owned properties and through strategic partnerships and joint ventures. ON BEHALF OF THE BOARD Richard J. Mazur, P.Geo. President & CEO Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. \|td style="border-right: #ece9d8; padding-right: 5.4pt; border-top: #ece9d8; padding-left: 5.4pt; padding-bottom: 0in; border-left: #ece9d8; width: 221.4pt; padding-top: 0in; border-bottom: #ece9d8; background-color: transparent" valign="top" width="295"> For further information contact: \|td style="border-right: #ece9d8; padding-right: 5.4pt; border-top: #ece9d8; padding-left: 5.4pt; padding-bottom: 0in; border-left: #ece9d8; width: 221.4pt; padding-top: 0in; border-bottom: #ece9d8; background-color: transparent" valign="top" width="295"> Rick Mazur President & CEO Tel: 604-630-1585 Or Mark Prosser Corporate Communications FORUM URANIUM CORP. 910-475 Howe Street Vancouver, BC V6C 2B3 Tel: 604-638-3947 Fax: 604-689-3609 Email: HUinfo@forumuranium.comU Website: HUwww.forumuranium.comUH