23 October 2023
Vancouver, B.C., October 23, 2023 – Forum Energy Metals Corp. (TSX.V: FMC; OTCQB: FDCFF) (“Forum” or the “Company”) announces additional assay results from its 2023 summer drill program on its Thelon Basin uranium project located 100 km west of Baker Lake, Nunavut. Forum holds a 100% interest in 95,500 hectares of ground adjacent to Orano’s 133 million pound Kiggavik uranium project*. Forum has received results from the last drill hole on the Tatiggaq zone, located five kilometres west of Orano’s 93 million pound Andrew Lake and End uranium deposits (Figure1).
HIGHLIGHTS
Dr. Rebecca Hunter, Forum’s VP, Exploration stated, “Our interpretation from this summer’s drill program at Tatiggaq is that each hole intersected near vertical, high grade lenses of uranium ranging from 18 metres to 24 metres in width over a length of 250 metres. In total, this near surface, structurally controlled deposit is a minimum of 50 metres wide and we have over one kilometre of the anomaly to drill test. In addition, there are multiple sub-parallel trends within the Tatiggaq anomaly that have intersected extreme clay alteration and uranium values up to 900 ppm suggesting that additional mineralization could be present. I am very excited to drill this target in 2024 and build on this exceptional discovery.”
Tatiggaq
Figure 1 shows the main east-northeast structures (Thelon and Judge Sissons faults) as well as the numerous, sub-parallel subsidiary east-northeast structures interpreted to control uranium mineralization on Orano’s and Forum’s property. Figure 2 is a plan map of the Tatiggaq gravity anomaly and drill area. Figure 3 is a cross section of the mineralization intersected in Holes TAT23-001 and TAT23-002 showing the multiple lenses of uranium in the Tatiggaq Main zone.