Drill mobilization underway at Forum Energy Metals’ (TSXV:FMC) Wollaston Uranium Project

Forum Energy Metals Corp. (FMC) is mobilizing a drill and crew to commence drilling on its Wollaston uranium project by the end of NovemberLast winter, the team identified the Gizmo zone with uranium grades up to 0.21 per cent U3O8 intersected in one of four holes, exhibiting strong alteration and geochemical valuesPermits are in place, and 3,000 metres of drilling in 12 holes are planned on various targets that were developed by the recent airborne magnetic and electromagnetic survey flown over the projectForum Energy Metals Corp. (FMC) is up 4.55 per cent, trading at C$0.115 per share at 10:05 am ET

Forum Energy Metals Corp. (FMC) is mobilizing a drill and crew to commence drilling on its Wollaston uranium project by the end of November.

Last winter, the team identified the Gizmo zone with uranium grades up to 0.21 per cent U3O8 intersected in one of four holes, exhibiting strong alteration and geochemical values.

Permits are in place, and 3,000 metres of drilling in 12 holes are planned on various targets that were developed by the recent airborne magnetic and electromagnetic (EM) survey flown over the project in August.

Source: Forum Energy Metals Corp.

The Gizmo zone lies within an area of truncated EM conductors and a large NNE trending fault with intense alteration, bleaching and secondary hematite, all good signs of a uranium mineralization event. Boron, nickel, copper and cobalt are locally elevated within the alteration zone at Gizmo as well.

Forum Energy Metals is a diversified energy metal company with uranium, copper, nickel, and cobalt projects in Saskatchewan, a strategic uranium land position in Nunavut and a strategic cobalt land position in the Idaho Cobalt Belt.

Forum Energy Metals Corp. (FMC) is up 4.55 per cent, trading at C$0.115 per share at 10:05 am ET.

The post Drill mobilization underway at Forum Energy Metals’ (TSXV:FMC) Wollaston Uranium Project appeared first on The Market Herald.

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