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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (593)	4/10/2013 9:30:28 AM
From: Goose94	Respond to of 202922

Forum Uranium (FDC-V) drills U mineralization in eight holes April 10, 2013 - News Release Forum Uranium Corp. has completed 17 holes totalling 3,449 metres on three near-surface targets on the NW Athabasca joint venture project located in the Athabasca basin, Saskatchewan. Uranium mineralization was intersected in eight of 17 holes. Highlights: Zone A -- 4.5 metres of radioactivity with 1.2 metres of off scale; Otis -- 40 metres of radioactivity with 0.1 metre of off scale; Barney -- strong alteration zone extended. Three targets were drilled in the vicinity of the Maurice Bay deposit(i) (historical resource of 1.5 million pounds of uranium grading 0.6 per cent U3O8). Six holes totalling 1,352 metres were drilled at Barney and Barney South to follow-up on uranium mineralization encountered over significant widths at shallow depths in four holes within a strong alteration envelope in basement rocks (see news release dated Jan. 9, 2013). Nine holes totalling 1,751 metres were drilled at Otis West, a gravity anomaly south of the Maurice Bay deposit previously untested by Forum. Historic drill holes were typically stopped at the unconformity. Two holes totalling 346 metres were drilled at zone A on the north side of the Maurice Bay deposit. Zone A Basement-style uranium mineralization was intersected in historical drill hole MAU-543 over six metres grading 5.6 per cent U3O8 from 113 metres to 119 metres. Forum drill holes intersected uranium mineralization up-dip from this historical drill hole as follows: Hole NWA-65 intersected a 7.5-metre zone from 78.5 metres to 86 metres with radioactivity greater than 500 counts per second (ii) with a peak of 3,700 counts per second over 0.1 metre at 83.3 metres. This hole intersected the zone five metres west of the original intersection. Hole NWA-66 intersected a 4.5-metre zone from 87.5 metres to 92 metres with radioactivity ranging from 100 counts per second to 9,000 counts per second, including a 1.2-metre interval of off-scale radioactivity (greater than 9,999 counts per second). This hole intersected the zone two metres north of the original intersection. Both holes were drilled in close proximity to MAU-543 to determine the orientation and dip of the mineralization. Uranium has now been intersected over a 40-metre vertical extent and further drilling is recommended along strike and down-dip from these intersections (see drill plan and sections on the company's website). Otis West Of the two gravity anomalies located immediately south of the Maurice Bay deposit, only the western anomaly was tested due to positive results (Otis West). Holes NWA-56 to 64 were drilled on the south side of the gravity low along a major offset/fault striking east-west, with five of the holes on the western side hitting radioactivity exceeding 1,000 counts per second. The mineralized zone (over 1,000 counts per second) has a minimum strike length of 50 metres and a vertical extent of up to 75 metres and a thickness of up to 28 metres. Hole NWA-63 intersected 40 metres of anomalous radioactivity from 131 metres to 171 metres with an off-scale peak (greater than 9,999 counts per second) over 0.1 metre at 143.3 metres. This zone was intersected up-dip by NWA-56 and down-dip by NWA-64, showing a vertical extent of anomalous radioactivity of at least 120 metres. Further drilling is strongly recommended for both the Otis West and East targets. Barney Drilling continued on the Barney zone, where uranium mineralization was encountered over significant widths in four holes within a strong alteration zone delineated in the basement rocks at shallow depths in 2012. The 2013 program tested the western extension of this mineralization, a major north-northwest-striking airborne EM conductor and the south end of the Barney gravity low. The extreme zone of alteration continued in all holes and a thin shear zone with 4,000-count-per-second radioactivity was intersected at Barney South. Further drilling at Barney South is recommended. NW Athabasca joint venture The NW Athabasca project is a joint venture held 60 per cent jointly by Forum and NexGen Energy Ltd., a private British Columbia corporation established by Tigers Realm Group, an Australian-based privately owned resources group. Forum is operator of the joint venture with 27.5-per-cent partner Cameco Corp. and 12.5-per-cent partner Areva Resources Canada Inc. Quality assurance and quality control Core samples are collected and shipped in sealed containers to the Saskatchewan Research Council, an ISO/IEC 17025:2005 (CAN-P-4E)-certified laboratory for geochemical analysis using the uranium ICP package and fire assay for gold. This package is the preferred analytical technique for detecting uranium and pathfinder elements in the alteration halos of unconformity-type uranium deposits in the Athabasca basin. Assay results will be reported once received. Ken Wheatley, PGeo (Saskatchewan, Northwest Territories/Nunavut), Forum's vice-president, exploration, is the qualified person that has reviewed and approved the contents of this news release. (i) A 1.5-million pound historical uranium resource grading 0.6 per cent U3O8 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. (ii) Natural gamma radiation in drill core that is reported in this news release was measured in counts per second using a hand-held Exploranium GR-110G total count gamma ray scintillometer. The reader is cautioned that scintillometer readings are not directly or uniformly related to uranium grades of the rock sample measured and should be used only as a preliminary indication of the presence of radioactive materials. The degree of radioactivity within the mineralized intervals is highly variable and associated with visible pitchblende mineralization. All intersections are downhole core interval measurements and true thicknesses are yet to be determined.

To: Goose94 who wrote (593)	5/31/2013 4:02:51 AM
From: Goose94	Read Replies (1) \| Respond to 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.