Forum Drilling Extends Uranium Mineralization at the Tatiggaq Deposit, Aberdeen Uranium Project, Nunavut

26 November 2024

Vancouver, B.C., November 26, 2024 – Forum Energy Metals Corp. (TSX.V: FMC; OTCQB: FDCFF) (“Forum” or the “Company”) announces the first set of results from its 30 hole, 6,962 m summer drill program at its Aberdeen Uranium Project, located five kilometres to the west of the 133 million pound Kiggavik uranium project held by Orano/Denison/UEC*. Forum has received 608 geochemical results from the 11 holes drilled to follow-up the successful 2023 program at the mineralized Tatiggaq Main and West zones. Seven of eleven holes were mineralized. Significant results are highlighted below.

HIGHLIGHTS

Tatiggaq Main

  • TAT24-012 intersected 1.15% U3O8 over 2.4 m from 169.1 to 171.5 m including:
    • 3.33% U3O8 over 0.3 m (169.7 – 170.0 m)
    • 2.77% U3O8 over 0.5 m (170.4 – 170.9 m)
  • TAT24-014 intersected 1.31% U3O8 over 7.6 m from 164.0 to 171.6 m including:
    • 4.56% U3O8 over 0.2 m (166.4 – 166.6 m)
    • 4.30% U3O8 over 0.5 m (169.1 – 169.6 m)
    • 4.81% U3O8 over 0.4 m (171.2 – 171.6 m)
      • Including a maximum grade of 8.15% U3O8 over 0.2 m (171.4 – 171.6)
  • Entire mineralized interval at TAT24-014 is 0.62% U3O8 over 17.9 m from 157.9 to 175.8 m

Tatiggaq West

  • TAT24-011 intersected 35.3m grading 0.11% U3O8 from 144.2 to 179.5 m including 0.68% U3O8 over 1.6 m (170.9 to 172.5 m) including:
    • 1.24% U3O8 over 0.4 m (171.2 – 171.6 m)
    • 1.12% U3O8 over 0.3 m (172.0 – 172.3 m)
  • Uranium mineralization at the Main zone has been encountered over a thickness of ~35 metres in 2024.
  • Drilling at Tatiggaq West intersected thick intervals of continuous uranium mineralization for another 40 m to the west.   
  • The total strike extent of uranium mineralization drilled at the Main and West zones has increased from 200m to over 310 metres 
  • TAT24-005, TAT24-008, TAT24-009 and TAT24-010 intersected proximal alteration types (strong clay, bleaching, sulphide) and elevated counts indicative of uranium mineralization nearby that require follow-up.
  • Results are pending for the remaining 8 holes targeting multiple parallel structures within the large Tatiggaq gravity anomaly measuring 1.5 km by 0.7 km, in addition to the 11 holes testing the Qavvik, Ayra, Ned, and Loki regional targets.

Dr. Rebecca Hunter, Forum’s VP, Exploration stated, “Drilling at Tatiggaq Main has intersected another parallel lense of high-grade uranium extending the width to 35 metres and could be thicker.  I am pleased that Tatiggaq West shows lateral continuity and thickness to the west and remains open along strike and at depth. The complex, structurally-controlled nature of these zones will be evaluated with further infill drilling and drilling along strike of the Tatiggaq Fault in 2025. We look forward to receiving the results from 8 holes along parallel structures in the Tatiggaq anomaly, as well as 11 holes drilled at Qavvik, Ned, Loki and Ayra.”

View Details