The Axiom Xcite TDEM airborne system in action.
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  • Forum Energy Metals Corp. (FMC) has begun an airborne electromagnetic (EM) and magnetic survey on its Wollaston Uranium Project
  • The Axiom Exploration Group Ltd. is flying a time domain electromagnetic survey (Xcite TDEM) and coincident magnetic survey over the whole project area
  • The lines will be completed at 100m spacing for an approximate total of 1650 line kilometres
  • Results from this survey will be available in September and will allow for the development of further drill targets on the project
  • Forum Energy Metals Corp. is a diversified energy metal company
  • Forum Energy Metals Corp. opened the day’s trading at $0.14 per share

Forum Energy Metals Corp. (FMC) has begun an airborne electromagnetic (EM) and magnetic survey on its Wollaston Uranium Project.

The project is located 10km south of Cameco’s Rabbit Lake Uranium Mill and 30km south of Orano/Denison’s McClean Lake Uranium Mill in the northeastern Athabasca Basin.

“Drilling in the winter of 2022 demonstrated the uranium potential of the property with the discovery of the Gizmo zone,” noted Ken Wheatley, Vice President, Exploration.

“The airborne survey will aid with structural interpretations and precisely locate the EM conductors for identification of continuing gravity surveys, which will set the project up for investigating numerous high-priority targets with future drill programs, starting in 2023,” he added.

The Axiom Exploration Group Ltd. is flying a time domain electromagnetic survey (Xcite TDEM) and coincident magnetic survey over the whole project area.

The lines will be completed at 100m spacing for an approximate total of 1650 line kilometres.

Results from this survey will be available in September and will allow for the development of further drill targets on the project.

The project is located on Highway 905, 10km south of Cameco’s Rabbit Lake Uranium Mill and 30km south of Orano/Denison’s McClean Lake Uranium Mill.

The Gizmo showing was discovered from last winter’s drill program with five holes defining a very strong zone of alteration with uranium mineralization up to 0.21per cent U3O8 and boron (an indicator element) up to 2,200 ppm.

A number of gravity lows are evident further to the south that have not been investigated by historic drill programs, and the EM/Magnetic survey will aid in prioritizing these targets.

Forum Energy Metals Corp. is a diversified energy metal company.

Forum Energy Metals Corp. opened the day’s trading at $0.14 per share.


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