|Ownership:||Forum 40% - Rio Tinto 60% (Operator)|
|Stage:||Highly Prospective; Drill Ready|
|Henday is located in the northeastern margin of the Athabasca Basin near the past producing McClean Lake projects, where five out of nine known uranium deposits were mined by AREVA/ Denison from 1997-2008. Access is by both winter roads or trails connected to Provincial Highway 905 and by air to the community of Points North Landing, located approximately 30km south of the Property.|
|The mineralized zones in the McClean trend occur as pods that straddle the unconformity between the Athabasca sandstones and the crystalline basement at an average depth of 160m below the surface. The nearby Roughrider deposit is a basement rock hosted discovery made in 2008, and later acquired by Rio Tinto in 2012.|
|Strategically located northeast of the Denison/AREVA Midwest and McClean Lake deposits, Rio Tinto’s Roughrider deposit, AREVA/Denison’s McClean Lake mill, which is currently processing high grade uranium ores from Cameco’s Cigar Lake mine is situated to the southeast.|
- The Forum/Rio Tinto Joint Venture has identified several high potential geologic targets. Three target areas known as Hollow, Epitaph, and Elephant, were partially drill tested in 2016 and require follow-up work.
Proposed Work Programs for 2017
- A final report from Rio Tinto including a geochemical, radiometric, and geological interpretation of the drill results and a subsequent 81 line km DCIP resistivity survey is forthcoming, in addition to recommendations for follow-up exploration.