The project located along the northwest edge of the Athabasca Basin 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.
Recently identified gravity anomalies by Forum/Mega will be drill tested either late in 2011 or early in 2012.
A gravity survey, covering approximately 50% of the project, has identified eleven high priority targets to be drilled later this year following a summer field program.
Plans are also underway for an exploration program of geological mapping, re-logging of existing drill core and prospecting for the bedrock sources of glacially transported mineralized boulders.
Forum Uranium is a Canadian-based energy company with a focus on the acquisition, exploration and development of Canadian uranium and rare earth projects.
