|Ownership:||Forum owns a 100% interest in the claims acquired by staking when ground became open in 2019.|
The Ni-Cu-PGM occurrences are associated with the 2.5 billion year old Swan River mafic complex and the Love Lake felsic pluton in the Peter Lake Domain. Forum has now staked a 30 km by 15 km area of historic copper- nickel- platinum group metal showings which returned up to 0.31% Cu over 5.2m in a trench, with visible sulphides occurring in outcrop along a 1.5km east-west trend of “reef type” layered intrusive that was not properly tested by historical drilling. Grab samples in Trench #4 in the Korvin Lake area returned 0.33% Cu, 1.33% Ni, 2735 ppb platinum, 2685 ppb palladium, 70 ppb gold and 0.43% Cu, 0.23% Ni, 3580 ppb platinum, 4275 ppb palladium, 200 ppb gold. (Saskatchewan Geological Survey – Maxeiner and Rayner, 2005).Historical drilling on the project returned 31.7m of 0.23% Cu and 36.6m of 0.29% Cu.
Location & Infrastructure
|The project is located along Highway 905 to the Rabbit Lake/McClean Lake mine sites, approximately 60 km northeast of Forum’s Janice Lake/Rio Tinto copper joint venture in north-eastern Saskatchewan.|
The Peter Lake Domain in northern Saskatchewan is the largest mafic/ultramafic complex in North America second only to the Midcontinent Rift in Minnesota and Ontario, and host to numerous magma copper/nickel and platinum/palladium deposits.
Significant Comparable Deposits
|Comparable geological environment to North American Palladium’s Lac Des Isle deposit in Ontario northwest of Thunder Bay.|
First Phase 2021 Drill program
Three potential feeder zones have been interpreted by Dr. Larry Hulbert: Korvin Lake, What Lake, and Corvin Creek.These targets have been further refined by an airborne EM survey followed by a detailed ground EM survey. Forum completed a first phase 2,200m drill program in September.
Korvin Lake: Two holes were drilled on the electromagnetic target identified by the EM surveys.
What Lake: Five holes were drilled on trenches which returned values as high as 0.43% Copper, 0.23% Nickel, 4275 ppb Palladium, 3580 ppb Platinum, and 200 ppb Gold.
Corvin Creek: Four holes were completed where historical drilling intersected 31.7m grading 0.23% Copper and 36.6m of 0.29% Copper.
Drill samples have been sent to the Saskatchewan Research Council for assays, which are expected during the fourth quarter.
A high-resolution airborne magnetometer survey covering approximately 3,500 line km using a 100m line spacing was completed. Three main areas of interest identified; West Road, Korvin Lake and What Lake. Follow-up mapping, outcrop sampling and soil sampling programs were completed, and assay results have been returned.
Summer exploration included evaluating historic trenches, mapping and sampling. The samples were collected for geochemistry and processed at TSL laboratories in Saskatoon.