Vancouver, British Columbia--(Newsfile Corp. - December 3, 2019) - Forum Energy Metals Corp. (TSXV: FMC) ("Forum") is pleased to announce that it has received final assay results from the remaining 12 drill holes completed at the Jansem, Janice, and Kaz targets within the Company's Janice Lake sedimentary copper project (Figure 1). Multiple, thick, flat lying chalcocite mineralized horizons from surface have been intersected on the property.
Highlights
This first phase of drilling completed by Rio Tinto Exploration Canada (RTEC) has successfully confirmed and extended copper mineralization at the Jansem and Janice targets. Forum and RTEC's technical teams are reviewing the drill data and a more thorough analysis and interpretation of results are forthcoming.
Rick Mazur, President & CEO commented, "Drilling by Rio Tinto intersected thick zones of flat lying, stratabound chalcocite and native copper mineralization with good continuity and near-surface grades. Deeper drilling has demonstrated that multiple horizons of copper mineralization are present. We are gaining confidence that Janice Lake is a strongly mineralized system, as new data generated by this program helps us to understand the full potential of this 52km long sedimentary copper basin."
Jansem Target Drillhole Summaries (Table 1)
Drilling intersected several layers of copper mineralization, starting from 11 metres to a maximum downhole depth of 220 metres. Estimated true thickness varies from several metres to more than 60m. Drill holes were orientated to crosscut the stratigraphy as close as possible at right angles, as the copper is interpreted to be mostly stratabound.
Table 1: Jansem Target Assay Results
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*Drill holes were oriented to crosscut the stratigraphy, however, true widths of the reported mineralized intervals have not yet been determined,
Janice Target Drillhole Summaries (Table 2)
Drilling intersected several layers of Cu mineralization, starting from 8 metres to a maximum downhole depth of 358 metres. Estimated true thickness varies from several metres to more than 50m. Drill holes were orientated to crosscut the stratigraphy as close as possible at right angles, as the copper is interpreted to be mostly stratabound.
Table 2: Janice Target Assay Results
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* Drill holes were oriented to crosscut the stratigraphy, however, true widths of the reported mineralized intervals have not yet been determined.
Kaz Target Drillhole Summaries (Table 3)
Noranda discovered a series of copper-bearing boulders in the KAZ area and followed-up with drill hole PL93-5, which intersected 0.32% copper over 15 metres. The 2019 holes drilled by RTEC were located approximately 400 to 500m to the south of the original showing, and the lower mineralized unit is interpreted to have been faulted away along this section. Further drilling on this showing will have to be located closer to the original holes to understand its control and orientation.
Table 3: Kaz Target Assay Results
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* Drill holes were oriented to crosscut the stratigraphy, however, true widths of the reported mineralized intervals have not yet been determined.
A complete set of drill results and a plan map have been posted to the Home Page of Forum's website at https://forumenergymetals.com/ All drill core samples were sent to ALS Global in Vancouver, BC for assay. Ken Wheatley, P.Geo. and Forum's VP, Exploration and Qualified Person under National Instrument 43-101, has reviewed and approved the contents of this news release.
Figure 1: Location of the Target Areas on the Janice Lake Project
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Quality Control/ Quality Assurance
Core samples were sawed in half, keeping the half with the reference line for orientated core in the box. Samples averaged 2 metres in length through the mineralized zone, 4 metres in length in the unmineralized zone, however these lengths varied depending on stratigraphy, alteration or mineralization. Standards were introduced after every 20th sample, using a high grade, low grade or unmineralized, depending on the surrounding core. Duplicates were also introduced on every 20th sample, quartering the core. Blanks were used for the first sample of the hole and at the beginning and end of a mineralized interval, using certified rose quartz. The first two holes of this drill program had blank material inserted after every sample that had visual chalcocite and native copper to determine the potential smear effect. This would allow to modifications in the sample preparation for future holes in this program. A 4-acid digestion was used on the samples at ALS lab in Vancouver, followed by analysis by ICP-MS (the ME-MS61L package). Higher grade samples will be run again through copper screen using the coarse reject material.
Janice Lake Summer Exploration Program Summary
RTEC completed a 4,318 line kilometre high resolution airborne magnetic survey over the entire 52 km length of the property and drilled 21 holes totalling 5,209 metres this summer under an Option Agreement to earn an 80% interest in the Janice Lake project by spending $30 million in exploration. Nine holes have been completed on the Jansem target, nine on the Janice target and three on the Kaz target.
About Forum Energy Metals
Forum Energy Metals Corp (TSXV: FMC) explores for energy metals, including copper, nickel, platinum, palladium and uranium in Saskatchewan, Canada's Number One mining province. In addition, Forum has also established a strategic land position in the Idaho Cobalt Belt. For further information: www.forumenergymetals.com
ON BEHALF OF THE BOARD OF DIRECTORS
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.
For further information contact:
NORTH AMERICA
Rick Mazur, P.Geo., President & CEO
[email protected]
Tel: 778-772-3100
Craig Christy, VP Corporate Development
[email protected]
Tel: 250-863-0561
UNITED KINGDOM
Burns Singh Tennent-Bhohi, Director
[email protected]
Tel: 074-0316-3185
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