The property has excellent potential for unconformity and basement-style uranium mineralization with grades of up to 5.68% over 8.5m intersected in past drilling at Zone 2A.
The Maurice Bay deposit (with a historical resource of 1.5 million pounds uranium grading 0.6% U3O8 at a depth of 50m), Zone 2A, and three other areas of surface mineralization show that near-surface uranium mineralization is widespread on this project.
Drill targets have also been identified on Forum’s 100% owned Maurice Point project, which surrounds the Maurice Bay property.
Gravity surveys are underway to cover sections of the project area that have the highest potential for economic mineral deposits.
These surveys are designed to identify zones of alteration which are typically associated with uranium deposits in the Athabasca Basin.
Plans are also underway for a summer exploration program of geological mapping, re-logging of existing drill core and prospecting for the bedrock sources of glacially transported mineralized boulders.
Forum and Mega Uranium have also entered into a 50/50 joint venture agreement to manage the exploration program during the earn-in period with Forum as initial operator.
