Forum Commences Drilling on Northwest Athabasca JV
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/28/13 -- Forum Uranium Corp. (TSX VENTURE: FDC) is pleased to announce that a 3,000 metre drill program for approximately 20 holes has commenced on the NW Athabasca Joint Venture project located in the Athabasca Basin, Saskatchewan. Drilling will continue on the Barney Zone, where uranium mineralization was encountered over significant widths at shallow depths in four holes within a strong alteration envelope in basement rocks (see News Release dated January 9, 2013).
To date, uranium mineralization has been intersected at the historical Zone 2A (2.48% U3O8 over 1.5 metres) and on two gravity targets (Opie and Barney) out of five targets investigated by two drill campaigns in 2012. There still remain 12 untested targets on the property. Figure 1 shows the areas to be drilled in the current program.
NW Athabasca Joint Venture
The NW Athabasca project is a joint venture held 60% jointly by Forum and NexGen Energy Ltd., a private British Columbia corporation established by Tigers Realm Group, an Australian based privately owned resources group. Forum is Operator of the joint venture with 27.5% partner Cameco Corporation and 12.5% partner AREVA Resources Canada Inc.
Quality Assurance and Quality Control
Core samples are collected and shipped in sealed containers to the Saskatchewan Research Council, an ISO/IEC 17025:2005 (CAN-P-4E) certified laboratory for geochemical analysis using the Uranium ICP Package. This package is the preferred analytical technique for detecting uranium and pathfinder elements in the alteration halos of unconformity-type uranium deposits in the Athabasca Basin. Ken Wheatley, P.Geo. (Saskatchewan, NWT/Nunavut), Forum's Vice President, Exploration is the Qualified Person that has reviewed and approved the contents of this news release.
To view "Figure 1: NW Athabasca Project Gravity Survey" accompanying this press release, please click on the following link: http://media3.marketwire.com/docs/fdc228i.pdf
About Forum Uranium
Forum Uranium Corp. is a Canadian-based energy company with a focus on the acquisition, exploration and development of Canadian uranium projects. Forum has assembled a highly experienced team of exploration professionals with a track record of mine discoveries for unconformity-style uranium deposits in Canada. The Company has a strategy to discover near surface uranium deposits in the Athabasca Basin, Saskatchewan and the Thelon Basin, Nunavut by exploring on its 100% owned properties and through strategic partnerships and joint ventures.
ON BEHALF OF THE BOARD
Richard J. Mazur, P.Geo., President & CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Forum Uranium Corp.
Rick Mazur
President & CEO
604-630-1585
Forum Uranium Corp.
Matt Terriss
Director, Corporate Affairs
604-638-3947
www.forumuranium.com
CHF Investor Relations
Robin Cook
Senior Account Manager
416-868-1079 x 228
robin@chfir.com
