Vancouver, Canada, October 27, 2012 --(PR.com
)-- Mr. Richard Mazur of Forum Uranium reports,
Forum Uranium Corp. has commenced a 1,300-metre drill program on the Northwest Athabasca property. The program is designed to test three high-priority targets.
1. Zone 2A - with an historical drill intercept of 5.68% U3O8 over 8.5m, at a vertical depth of 30 metres.
2. Barney - follow-up drilling of a hole that intersected intense alteration and extensive brecciation, as well as anomalous pathfinder elements (e.g. boron)
3. Maurice Creek South - an untested, strong, 400 x 600 metre gravity target.
A winter drill program is also being planned for the first quarter 2013 as a follow-up to the current program as well as to drill additional untested targets. These plans include further drilling at the newly discovered Opie zone, which is not accessible in the fall 2012 program.
The NW Athabasca property hosts the Maurice Bay deposit (historical resource of 1.5 million pounds uranium at a grade of 0.6% U3O8). The positive results returned from the drill program completed in March 2012, including the discovery of the Opie Zone (0.142% U3O8 over 7.6 metres), has encouraged Forum and Mega to step up exploration of the property. All targets are similar to Cameco's Millennium deposit and Rio Tinto's Roughrider deposit and at much shallower depths (less than 100 metres).