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post #61 of 76

I sure am

post #62 of 76

Forum Receives Encouraging Drill Results on Inuit Owned Lands Nearby the Kiggavik Deposits-North Thelon Project, Nunavut

 
Forum Receives Encouraging Drill Results on Inuit Owned Lands Nearby the Kiggavik Deposits-North Thelon Project, Nunavut
http://at.marketwire.com/accesstracking/AccessTrackingLogServlet?docid=0765828001&sourceType=1http://www.ccnmatthews.com/logos/20071126-FORUMLOGO2.jpg

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/14/12 -- Forum Uranium Corp. (TSX VENTURE:FDC) is pleased to announce drill results on Inuit-owned lands held under exploration agreement with Nunavut Tunngavik Incorporated (NTI) on Forum's district-scale North Thelon project adjoining Areva Resources Canada's Kiggavik uranium deposit. Forum drilled nine holes totaling 2,036 metres on uranium targets identified by its regional geological, geophysical and geochemical programs conducted over the past five field seasons. Encouraging drill results have been received from DDH RH-01 on Inuit-owned land parcel BL-32 under exploration agreement with NTI. This hole is located on the Andrew Lake Fault which controls Areva's End and Andrew Lake deposits and recent discoveries by Cameco.

A gravity survey on BL-32 identified four targets along the Andrew Lake Fault Drillhole RH-01 was located on the eastern anomaly and intersected extremely altered metasediments down to 284 metres, with quartz brecciation at the bottom of the hole. Anomalous geochemistry includes 13ppm uranium over 49 metres, 406ppm vanadium over 30 metres and 1186ppm boron over 250 metres, including up to 2.69% boron over 10 metres. Ken Wheatley, Vice President of Exploration stated, "I have never encountered boron values of this magnitude in the Athabasca Basin. This is a very good sign of a strong uranium mineralizing event and further drilling is strongly recommended."

Drilling on Forum's 100% owned Tarzan property, where NTI has a 2% Net Smelter Royalty, was also conducted to follow up encouraging results from 2008 drill-hole TZ-04, where anomalous geochemical results of 20ppm uranium over 79.5 metres, 326ppm boron over 156 metres and 53ppm lead over 131 metres was encountered. Follow-up drill-hole TZ-08 in 2011 returned extensive alteration and similar anomalous geochemistry but had to be abandoned due to drilling difficulties and did not reach its target depth. Further drilling is also recommended on this Tarzan target.

Areva has completed an initial feasibility study and submitted its Environmental Assessment Study to the Nunavut Impact Review Board for the development of an 8 million pound per year uranium mine, and Cameco has intersected uranium with grades of up to 3.52% U3O8 over 10 metres along the Andrew Lake Fault. Cameco has also announced the new Ayra showing from this summer's work, located within a kilometre of Forum's Inuit-owned land parcel BL-32 (Cameco presentations at the 2011 Nunavut Mining Symposium and the 2011 Saskatchewan Mining Open House).

About the North Thelon Project

Forum acquired a large (greater than 400,000 acres), strategic land position surrounding the Areva/Japan Canada Uranium (JCU)/Daewoo world-class Kiggavik mine development project in Nunavut starting in 2006. Forum owns 100% interests in mineral claims, subject to a 2% NSR on the Tarzan and Nutaaq claims to Nunavut Tunngavik Incorporated, acquired the rights to earn 100% interest in Inuit owned land parcels BL-21 and BL-32 from Nunavut Tunngavik Incorporated and acquired the rights to earn up to a 65% interest in claims held by Agnico-Eagle Mines Ltd. The 127 million pound Kiggavik uranium project grading 0.55% U3O8 has completed an initial feasibility study, commenced permitting and submitted an Environmental Assessment Study to the Nunavut Impact Review Board. The proposed mine anticipates production of approximately 8 million pounds of uranium per year. Cameco has been actively exploring its property to the west of Areva since 2005 and has announced three discoveries. Cameco and Areva continue to aggressively drill in this newly emerging mining camp.

To view Figure 1, click on the following link: http://media3.marketwire.com/docs/i213m.pdf

Ken Wheatley, P.Geo. (Saskatchewan and Nunavut), Forum's Vice President of Exploration and qualified person has reviewed the contents of this news release.

 

post #63 of 76
Forum Receives Encouraging Drill Results on Its Agnico-Eagle Option Nearby the Kiggavik Deposits-North Thelon Project, Nunavut

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 22, 2012) - Forum Uranium Corp. (TSX VENTURE:FDC) is pleased to announce drill results on property held under option from Agnico-Eagle Mines Ltd. on Forum's district-scale North Thelon project adjoining Areva Resources Canada's Kiggavik uranium deposits. Forum drilled nine holes totaling 2,036 metres on uranium targets identified by its regional geological, geophysical and geochemical programs conducted over the past five field seasons. Encouraging drill results have been received from DDH JD-01 and JD-02 on the Judge Sissons claims under option from Agnico-Eagle. These lie to the east of Areva's Kiggavik deposits near the prolific Andrew Lake Fault which controls Areva's End and Andrew Lake deposits and recent discoveries by Cameco.

Rick Mazur, President & CEO, stated: "Our2011 drill program has provided Forum with three strong targets for follow-up drilling in 2012- Tarzan, BL-32 and Judge. Areva's Kiggavik deposits, Cameco's recent discoveries and Forum's newly identified drill targets demonstrate the world class nature of this emerging uranium mining camp. Forum is in the unique position of exploring strategic ground in the company of two of the largest uranium companies, Areva and Cameco."

Holes JD-01 and 02 were drilled in the Judge area located on a fault parallel to the Andrew Lake Fault, the structure that controls most of the known mineralization in the area. The Judge area lies to the east of Areva's Andrew Lake and End deposits on a very strong gravity low. The two drill-holes intersected metasediments (the rock type that hosts the Kiggavik deposits and Cameco's showings) throughout both holes. The metasediments are strongly to extremely hematized and bleached with extensive quartz brecciation (similar to the local showings and deposits) and chloritized at the bottom of the hole, intersecting a redox front. Geochemistry returned uranium values of 20ppm over 12.5 metres, 512ppm boron over 102 metres and 115ppm nickel over 54 metres in JD-01, and 16ppm uranium over 10 metres, 362ppm boron over 161 metres and 115ppm nickel over 54 metres in JD-02. These geochemical results are highly encouraging indications of a substantial uranium mineralizing system.

Areva has completed an initial feasibility study and submitted its Environmental Assessment Study to the Nunavut Impact Review Board for the development of an 8 million pound per year uranium mine, and Cameco has intersected uranium with grades of up to 3.52% U3O8 over 10 metres along the Andrew Lake Fault.(Cameco presentations at the 2011 Nunavut Mining Symposium and the 2011 Saskatchewan Mining Open House).

About the North Thelon Project

Forum acquired a large (>400,000 acres), strategic land position surrounding the Areva/Japan Canada Uranium (JCU)/Daewoo world-class Kiggavik mine development project in Nunavut starting in 2006. Forum owns 100% interests in mineral claims, subject to a 2% NSR on the Tarzan and Nutaaq claims to Nunavut Tunngavik Incorporated, acquired the rights to earn 100% interest in Inuit owned land parcels BL-21 and BL-32 from Nunavut Tunngavik Incorporated and acquired the rights to earn up to a 65% interest in claims held by Agnico-Eagle Mines Ltd. The 127 million pound Kiggavik uranium project grading 0.55% U3O8 has completed an initial feasibility study, commenced permitting and submitted an Environmental Assessment Study to the Nunavut Impact Review Board. The proposed mine anticipates production of approximately 8 million pounds of uranium per year. Cameco has been actively exploring its property to the west of Areva since 2005 and has announced three discoveries. Cameco and Areva continue to aggressively drill in this newly emerging mining camp.

To view Figure 1, please visit the following link: http://media3.marketwire.com/docs/Forum-0222-fig1.pdf .

Ken Wheatley, P.Geo. (Saskatchewan and Nunavut), Forum's Vice President of Exploration and qualified person has reviewed the contents of this news release.

 

post #64 of 76

Ura is starting to make a bit of a comeback, and just like gold it appears that the juniors provide the best value for the risk.

 

Added to watchlist.

post #65 of 76

Here is a link to a video of Forum Uranium:

 

http://www.youtube.com/watch?v=focCoTk2x0U

post #66 of 76

I picked up some FDC as a long term hold.   I am betting these guys eventually break the .10 barrier!

post #67 of 76

good bet! lets hope FDC will have some more good news for us these coming months!

post #68 of 76

picked up some more of this baby today at $0.075

post #69 of 76

looks like UBS Securities are driving this down, I bought some more today at $0.07, great value here IMO

post #70 of 76

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 12, 2012) - Forum Uranium Corp. (TSX VENTURE:FDC.V - News) -

Highlights


--  Northwest Athabasca Project: drill program completed - new zone of
    uranium mineralization has been discovered, results pending
--  North Thelon: fuel and supplies are currently being mobilized in
    preparation for summer drill program
--  Key Lake Road Area: Gravity survey completed on Karpinka project;
    staking on the Key Lake Road project
--  Henday: Rio Tinto assessing project data
--  Kipawa West: Mineralogical Studies underway

 

Forum Uranium Corp. is pleased to announce that a successful drill program has been completed on the Northwest Athabasca project. A total of 3,093 metres of drilling in 22 holes tested several areas of interest. Uranium mineralization has been discovered in a previously untested large gravity low. Assay results are pending and due at the end of April. A more comprehensive news release will be made at that time. Forum and Mega Uranium have a 50/50 partnership to earn a 60% interest in the Northwest Athabasca project, a joint venture between Cameco Corporation and Areva Resources Canada.

North Thelon Project, Nunavut: fuel and drilling supplies are being moved across the tundra to the new campsite located at Judge Sissons Lake, approximately 70km west of Baker Lake. A 3,000 metre program is planned for the summer, with primary targets being the Judge area on the Agnico Eagle option, BL-32 on the NTI Option, and the Tarzan area on 100% Forum ground.

Key Lake Road area, Saskatchewan: a gravity survey has completed coverage on the Karpinka project, a 50/50 joint venture with Virginia Energy Resources, and claim staking/reduction has been completed on the Key Lake Road project.

Henday, Saskatchewan: the Henday project is currently under review by Rio Tinto, the new partner on the project after its acquisition of Hathor Exploration in 2011. Rio Tinto and Forum hold 60% and 40% interests respectively in the project and Rio Tinto is the project operator.

Kipawa, Quebec: various petrographic and mineralogical studies are underway to determine the nature of the rare earth mineralization discovered by Forum's prospecting program in 2011 nearby Matamec's Kipawa rare earth development project.

Ken Wheatley, P.Geo. (Saskatchewan, Alberta, Nunavut), Vice President, Exploration is the Qualified Person who has reviewed the contents of this news release.

post #71 of 76
post #72 of 76
bought more of this today at $0.055, better than buying YLO!
post #73 of 76

bought more today at $0.04!

post #74 of 76

Iran would increase its level of uranium enrichment if world powers continued to place pressure on the country over its nuclear program, a senior cleric warned on Saturday.

'Iran is now capable of enriching uranium at a 20 per cent level, but if they (world powers) continue their pressure, we will increase enrichment levels to 56 per cent,' said Reza Taqavi, a close aide to Supreme Leader Ayatollah Ali Khamenei.

The remarks, carried by ISNA news agency, followed media reports that parliament was preparing a bill urging the defence ministry to design nuclear-powered ships, whose fuel would require enriching uranium to over 50 per cent.

World powers are demanding that Iran immediately halt the 20 per cent enrichment of uranium, which Tehran insists is for civilian purposes only.

Iranian officials maintain that the country would make some concessions if its right to pursue civilian nuclear projects was acknowledged and Western sanctions were lifted.

The next round of nuclear negotiations between Iran and the world powers will be held on Tuesday in Istanbul, at the deputy negotiator level.

Iran will be represented by Ali Baqeri and its world negotiating partners by Helga Schmid, deputy to EU Foreign Policy Chief Catherine Ashton. Their aim is to establish whether nuclear talks could resume at the top level.

 

source:

 

http://wap.thenews.bigpond.com/articles/World/2012/07/22/Iran_may_increase_their_uranium_supply_774570.html

post #75 of 76
Forum Commences Summer Exploration Program at Its Kipawa West Heavy Rare Earth Project, Quebec

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 15, 2012) - Forum Uranium Corp. (TSX VENTURE:FDC) is pleased to announce commencement of a field exploration program on its Kipawa West heavy rare earth project in Quebec adjacent to Matamec's Kipawa rare earth development project with joint venture partner Toyota Tsusho Corp.

Aurizon Mines Ltd. identified three areas of rare earth mineralization on the Kipawa West property in the Kipawa Alkalic Complex - the Snake, the Eagle in the Centre Block and the West Block boulder occurrences. Forum will focus its exploration on the West Block boulder occurrences where good grades of heavy rare earth mineralization have been encountered and eudialyte, the main heavy rare earth bearing mineral has been identified. In addition, exploration will focus on areas of the Centre Block which have not been thoroughly mapped and prospected where the Eagle showing occurs.

The Eagle Showing is located on the Central Block, about 10.7 km northeast of Matamec's Kipawa Deposit. The best grab sample reported 6.05% rare earth elements + Yttrium. A ground magnetic and radiometric survey was carried out over the Eagle Showing in 2008 but no work has been performed in the area since then.

Daniel Beauchamp, P.Geol. (Alberta), géo (Quebec) is the Qualified Person who has reviewed and approved this news release.

Forum's Option Agreement with Aurizon Mines Ltd.

Forum can earn a 50% interest by completing $200,000 in exploration as a firm commitment within 12 months and a further $150,000 in exploration, including a minimum of 1,000 metres of drilling, within 24 months of the date of the agreement. Forum has the option to earn a further 15% interest, totaling a 65% interest in the project by establishing an NI43-101 resource estimate on the property within four years of the agreement date. Forum is Operator during the earn-in period. Upon completion of its earn-in, Forum and Aurizon will form a Joint Venture with Forum as Operator.

Stock Option Grant

The Company also announces that, in accordance with the Company's stock option plan, it has granted to certain of its directors, officers and consultants incentive stock options to purchase up to an aggregate of 2,230,000 common shares exercisable on or before August 15, 2017 at a price of $0.10 per share

post #76 of 76

great volume today!

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