• TSX-V: FDC

Costco


Ownership:100%
Stage:Highly Prospective; Drill Ready
Size:4,857 Ha
Location &
Infrastructure
Regional infrastructure to the properties is excellent with nearby year-round road access, readily available power nearby, and close proximity to Cameco’s Key Lake uranium processing facility.
Regional
Significance
These projects cover the southern extension of the graphitic conductive unit that hosts the Key Lake deposits.
Proximity to
significant
deposits
Cameco‚Äôs  former producing Key Lake mine, which extracted over 200 million pounds of uranium by open pit methods at an average grade of 2.3% U3O8 from 1983 to 1997, is located immediately to the north of the Highrock claim boundary.

Outlook:

  • Exploration focus is on discovering basement-hosted type uranium deposits similar to Millennium, Eagle Point, Sue C, Triple R, Roughrider, and Arrow, which can extend down to 900m below the unconformity.

Work Programs for 2017

  • In April, a ground gravity program covering several targets on the Costco trend was completed. The intent is to identify areas of gravity lows, possibly caused by clay-rich alteration halos that surround uranium mineralization. A follow-up ground Horizontal Loop Electro-Magnetic survey (HLEM) targeted the main conductors of the Costco trend. Forum will use data obtained from these programs to further refine and prioritize potential targets for drilling next winter.

Historical Work

  • Drilling was conducted in 2010 after local ground EM and gravity surveys were completed. The latest work completed the ground EM and gravity surveys on the project, identifying several new target areas.

Maps & Figures


Figure 1: Costco Location Map


Figure 2: Costco Project Residual Gravity.  EM conductors are shown as red lines. Drill target areas are white ellipses. 


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