Exploring Saskatchewan’s Wollaston Copperbelt
Janice Lake Sedimentary Copper Project (Rio Tinto Canada Option)
In May 2019, Forum entered into a $30 million option agreement with Rio Tinto Canada to explore the Janice Lake Sedimentary Copper Property in north-central Saskatchewan. An additional 19,312 hectares has been staked to the southwest, doubling the size of the property to 38,250 hectares. The Forum/Rio Tinto partnership now controls the entire 52 km Wollaston Copperbelt District.
For further details of this agreement, please see the Company’s May 9th press release, which can be accessed by clicking on the following link:
In August 2018, Forum completed a four hole first pass summer drill program, confirming the presence of high grade copper and the continuity of mineralization along strike and at shallow depths.
In 2019, Rio Tinto carried out a $3 million summer - fall drill program, completing 21 drill holes within the multiple drill targets shown in the map below. A table summarizing all drill results completed by Forum and Rio Tinto to date can be found on the home page.
Rio Tinto has completed a 110km winter access road to site and is preparing for a summer 2020 exploration program consisting of mapping, prospecting, RAB (Rotary Air Blast) drilling and experimental geophysics over the known mineralization. A major diamond drill program is planned for winter of 2021.
Target Areas & Drill Holes Completed by Forum & Rio Tinto 2018-2019
EVALUATING THE PALLADIUM POTENTIAL AT LOVE LAKE, SASKATCHEWAN
Love Lake Copper-Nickel-Palladium Project
Forum staked 10 claims covering 27,896 ha to evaluate the potential for palladium and other PGM, gold, and base metals. A detailed airborne magnetometer survey is planned for July 2020, followed by mapping, prospecting and sampling in August.
Simplified Geology Map. The Swan Lake Complex, hosts four separate PGM showings
EXPLORING IDAHO’S COBALT BELT
Quartz Gulch Cobalt Project, Idaho, USA
Forum acquired the Quartz Gulch claim block which comprises 127 claims totaling 10.65 sq. kms. located approximately 5 kms to the southeast of eCobalt Solutions Idaho Cobalt Project, the only permitted cobalt mine development in North America. The Idaho Cobalt Belt has highly developed infrastructure and the Quartz Gulch property is easily accessed via the road to the past producing Blackbird mine. The Yellowjacket Formation, host to cobalt deposits in the area, trends onto the property.
Exploring for Uranium in Saskatchewan’s Athabasca Basin
Forum is a uranium explorer searching for high-grade deposits in Saskatchewan’s Athabasca Basin, the most valuable uranium real estate in the world. The richest and highest grade uranium mines are found here. Saskatchewan supplies over 20% of all annual uranium mine production.
Forum’s exploration properties are located at or near the edge of the Basin boundary. Properties have been selected based on their proximity to known uranium deposits or occurrences and are associated with major nearby deposits or major structures directly within the project. The Company’s exploration model is based on near-surface uranium mineralization.
In November 2019, Orano Canada Inc. entered into a $6 million option agreement with Forum to explore its Fir Island Uranium Property and completed a resistivity survey in late 2019, and a 6-hole diamond drill program in early 2020. Further drilling will take place in early 2021.