Forum Extends Drill Program; Stakes More Ground In The Kiggavik Area, Nunavut
Friday, 23 September 2011 07:39
Forum Uranium Corp. announced completion of staking of more ground in the prolific Kiggavik uranium camp west of Baker Lake, Nunavut.
The new claims were staked due to new interpretations for the potential of the area, fueled by Cameco's new discoveries along the major N070 Andrew Lake fault, immediately north of the Tarzan claims. Forum also announces that it has increased the drilling program to continue evaluation of the numerous targets on the property in the vicinity of the Areva deposits and the Cameco discoveries. Forum has completed 6 holes to date and expect final results in November.
Ground gravity surveys were completed on areas of prime interest in the Tarzan area, on BL-32 (located within Cameco's exploration property) and the Judge area within the Agnico Option. All the surveys have returned anomalous gravity lows, typically located at the intersections of structural trends and potentially indicative of hydrothermal alteration related to uranium deposits in the area. The gravity survey in BL-32 was located along the western extension of the Andrew Lake fault, the mineralized trend which hosts the Andrew and End deposits (Areva) and several of Cameco's new discoveries. Gravity anomalies along the parallel Tarzan and Judge trends have also been tested by drilling. Drilling is currently underway and is expected to be completed by the end of the month.
