The company tested five targets with the last five holes (FI-6 to 10) focused on the East Channel Zone where spectacular alteration within sandstones overlying a major structural lineament was encountered.
Forum Uranium Exploration vice-president Ken Wheatley said: "Dravite and sudoite clay alteration, quartz dissolution and remobilization, and sulphides deposited well up into the sandstone column are all key components of a robust and nearby source of uranium mineralization.
"We wanted to continue with the drill program, but spring had arrived and the ice was on its way out. Given that this property has never been drilled, this program is a definite success in defining a new, large prospective trend within the Athabasca Basin."
The East Channel target resulted a 50m down-drop of the sandstones. Forum completed two fences on this target, a three-hole fence followed by a two-hole fence 50m to the south.
The company said that the final hole intersected the fault in the underlying basement lithologies, a several meter wide zone of intense alteration and shearing with sections of missing core.
Structure of the East Channel is traced by airborne magnetics for approximately 18km on the Fir Island project while the two drill fences tested only 50m strike length of this structure.
Located 1.5km to the west, the parallel Black Lake structure can be determined for at least 200km across the entire Athabasca Basin and is associated with Cameco’s Centennial deposit.
