Monday, April 28, 2025

Latest

Forum Energy Metals Mobilizes For 10,000 Metre Drill Program In Thelon Basin

Forum Energy Metals (TSXV: FMC) is set to see a large drill program get underway at its Aberdeen Uranium project, which is found in the Thelon Basin of Nunavut.

The company as of today has begun mobilizing equipment and a second drill rig to the project in advance of a 10,000 metre drill program that is scheduled to begin in June. The program is designed as a follow-up to a 2023 campaign that intersected 2.25% U3O8 over 11.1 metres and outlined mineralization over a 200 metre strike length.

The wholly owned Aberdeen project is comprised of 40 claims covering 53,402 acres of land in Nunavut. Previously operated by Cameco from 2008 through to 2012, the project is believed to contain significant uranium mineralization. Notably, the project is on-trend with the Kiggavik uranium deposit operated by Orano, which has a historic indicated resource amounting to 127.3 million pounds at a grade of 0.47% U3O8.

“We are excited to commence our 2024 exploration program in Nunavut starting with the large task of moving our drill camp, second drill and consumables overland from Baker Lake to our new Aberdeen Camp.”

The drill program is expected to amount to between 30 and 40 drill holes.

Forum Energy Metals last traded at $0.115 on the TSX Venture.


Information for this story was found via Sedar and the sources mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

Bell Q3 Earnings: Massive Impairments. Guidance Cuts. A Mess.

Alamos Gold Q3: Record Revenue & Production Amid Rising Costs

The Junior Mining Market Is Back

Recommended

Germany Looks To Modernize Military Recruitment But Stops Short of Conscription

First Majestic Silver Posts Topline Revenue Of $146.1 Million In Q3 2024

Related News

Forum Energy Options Off Interest In Northwest Athabasca Project To New Issue Global Uranium

Forum Energy (TSXV: FMC) has optioned off part of its interest in a joint venture...

Thursday, May 30, 2024, 09:15:58 AM

The Next Big Uranium District Like Athabasca | Forum Energy with Rick Mazur

In this interview at the Commodities Global Expo 2024, Richard J. Mazur, President & CEO...

Thursday, October 31, 2024, 04:28:00 PM

Forum Energy Metals Hits 4.36% U3O8 Over 1.3 Metres

Forum Energy Metals (TSXV: FMC) this morning reported further assay results from its inaugural drill...

Monday, October 23, 2023, 09:13:29 AM

Tech Giants and Uranium: Reshaping the Nuclear Energy Landscape | Forum Energy with Dr. Rebecca Hunter

In this interview at the Red Cloud Fall Mining Showcase 2024, Dr. Rebecca Hunter, Vice-President...

Saturday, October 19, 2024, 01:22:00 PM