Vancouver, B.C., February 26, 2014 - Forum Uranium Corp. (FDC: TSX-V) has commenced drilling on its 100% owned Clearwater Property. Plans are to complete 3,000 metres of drilling to test approximately 11 targets that have been defined by a combination of ground gravity, airborne EM (graphitic conductors) and radon anomalies. A total of 12 to 15 holes are planned with a target depth of 100 to 200m. This project is located on trend and immediately adjacent to the southwest of Fission Uranium’s Patterson Lake South (PLS) discovery.
The gravity and radon surveys were completed on the northernmost claim in the fall of 2013 and ground EM is currently in progress. Drilling will concentrate on the northern claim in this initial phase of drilling. While targets from airborne geophysical and lake sediment surveys are present in the central and southern claims, further ground gravity, ground EM and radon surveys must be completed prior to drilling.
Ken Wheatley, P.Geo. (Saskatchewan/Nunavut), Forum’s Vice President, Exploration is the Qualified Person that has reviewed and approved the contents of this news release.
Figure 1: Gravity and radon anomalies with EM conductors on Forum’s Clearwater Project. Red lines are airborne EM conductors, black dashed lines are interpreted structural trends. Yellow circles are locations of anomalous lake sediment samples. The background colours are from an airborne magnetometer survey.
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 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:
Rick Mazur, President & CEO
Matt Terriss, Director, Corporate Affairs
Robin Cook, Senior Account Manager
CHF Investor Relations
Tel: 416-868-1079 x 228