Forum Energy Metals and Global Uranium Announce the Commencement of Drilling and Ground Geophysical Surveys on the Northwest Athabasca Project, Saskatchewan
Forum Energy Metals (FDCFF) and Global Uranium have initiated diamond drilling and ground geophysical surveys at the Northwest Athabasca Project in Saskatchewan, Canada. The project commenced on March 19, 2025, with drilling focusing on the Zone 2A and Andy grid areas.
Key developments include:
- Ground Time Domain Electromagnetic and Direct Current Induced Polarization surveys began March 2 at Spring Bay grid
- Global Uranium can earn 51% interest by investing $9M over four years
- Camp construction completed in February with supplies delivered via fixed-wing aircraft and ice road from Uranium City
- Team Drilling contracted for the diamond drilling program
The Northwest Athabasca Project spans 13,876 ha across 11 contiguous mineral claims, located 75 km east of Uranium City and 1,000 km north-northwest of Saskatoon. The project emphasizes ongoing collaboration with local communities and First Nations.
Forum Energy Metals (FDCFF) e Global Uranium hanno avviato perforazioni a diamante e sondaggi geofisici a terra presso il Northwest Athabasca Project in Saskatchewan, Canada. Il progetto è iniziato il 19 marzo 2025, con le perforazioni focalizzate sulle aree Zone 2A e Andy grid.
Sviluppi chiave includono:
- I sondaggi elettromagnetici a tempo di terra e la polarizzazione indotta da corrente continua sono iniziati il 2 marzo nella griglia di Spring Bay
- Global Uranium può guadagnare una partecipazione del 51% investendo 9 milioni di dollari in quattro anni
- La costruzione del campo è stata completata a febbraio con forniture consegnate tramite aerei ad ala fissa e strade di ghiaccio da Uranium City
- Team Drilling è stato contratto per il programma di perforazione a diamante
Il Northwest Athabasca Project si estende su 13.876 ha attraverso 11 concessioni minerarie contigue, situate a 75 km a est di Uranium City e 1.000 km a nord-ovest di Saskatoon. Il progetto sottolinea la continua collaborazione con le comunità locali e le Prime Nazioni.
Forum Energy Metals (FDCFF) y Global Uranium han iniciado perforaciones de diamante y estudios geofísicos en el terreno en el Northwest Athabasca Project en Saskatchewan, Canadá. El proyecto comenzó el 19 de marzo de 2025, con perforaciones centradas en las áreas de Zone 2A y Andy grid.
Desarrollos clave incluyen:
- Los estudios electromagnéticos de dominio temporal y la polarización inducida por corriente continua comenzaron el 2 de marzo en la cuadrícula de Spring Bay
- Global Uranium puede obtener un interés del 51% invirtiendo 9 millones de dólares en cuatro años
- La construcción del campamento se completó en febrero con suministros entregados por aviones de ala fija y caminos de hielo desde Uranium City
- Team Drilling fue contratado para el programa de perforación de diamante
El Northwest Athabasca Project abarca 13,876 ha a través de 11 reclamos mineros contiguos, ubicados a 75 km al este de Uranium City y a 1,000 km al norte-oeste de Saskatoon. El proyecto enfatiza la colaboración continua con las comunidades locales y las Primeras Naciones.
Forum Energy Metals (FDCFF)와 Global Uranium은 캐나다 사스카츄완의 Northwest Athabasca Project에서 다이아몬드 드릴링 및 지상 지구물리학 조사를 시작했습니다. 이 프로젝트는 2025년 3월 19일에 시작되었으며, 드릴링은 Zone 2A 및 Andy grid 지역에 집중되고 있습니다.
주요 개발 사항은 다음과 같습니다:
- 지상 시간 도메인 전자기 및 직류 유도 분극 조사(Spring Bay grid)는 3월 2일에 시작되었습니다
- Global Uranium은 4년 동안 900만 달러를 투자하여 51%의 지분을 획득할 수 있습니다
- 캠프 건설은 2월에 완료되었으며, 공급품은 고정익 항공기와 얼음 도로를 통해 Uranium City에서 배송되었습니다
- 팀 드릴링이 다이아몬드 드릴링 프로그램을 위해 계약되었습니다
Northwest Athabasca Project는 13,876헥타르에 걸쳐 11개의 인접한 광물 청구권을 포함하고 있으며, Uranium City에서 동쪽으로 75km, 사스카툰에서 북서쪽으로 1,000km 떨어져 있습니다. 이 프로젝트는 지역 사회 및 원주민과의 지속적인 협력을 강조합니다.
Forum Energy Metals (FDCFF) et Global Uranium ont lancé des forages au diamant et des études géophysiques sur le terrain au Northwest Athabasca Project en Saskatchewan, Canada. Le projet a débuté le 19 mars 2025, avec des forages axés sur les zones Zone 2A et Andy grid.
Les développements clés comprennent :
- Les études électromagnétiques à domaine temporel et la polarisation induite par courant continu ont commencé le 2 mars dans la grille de Spring Bay
- Global Uranium peut acquérir un intérêt de 51 % en investissant 9 millions de dollars sur quatre ans
- La construction du camp a été achevée en février, avec des fournitures livrées par avion à voilure fixe et par route de glace depuis Uranium City
- Team Drilling a été engagé pour le programme de forage au diamant
Le Northwest Athabasca Project s'étend sur 13 876 ha à travers 11 revendications minières contiguës, situées à 75 km à l'est d'Uranium City et à 1 000 km au nord-ouest de Saskatoon. Le projet met l'accent sur la collaboration continue avec les communautés locales et les Premières Nations.
Forum Energy Metals (FDCFF) und Global Uranium haben mit Diamantbohrungen und geophysikalischen Untersuchungen vor Ort im Northwest Athabasca Project in Saskatchewan, Kanada, begonnen. Das Projekt begann am 19. März 2025, wobei sich die Bohrungen auf die Bereiche Zone 2A und Andy grid konzentrierten.
Wichtige Entwicklungen umfassen:
- Die geophysikalischen Zeitbereichs-Elektromagnetik- und Direktstrom-Induktionspolarisationserhebungen begannen am 2. März im Spring Bay Grid
- Global Uranium kann 51% Eigenkapital durch eine Investition von 9 Millionen Dollar über vier Jahre erwerben
- Der Bau des Camps wurde im Februar abgeschlossen, die Lieferungen erfolgten per Starrflügler und Eisstraße von Uranium City
- Team Drilling wurde für das Diamantbohrprogramm beauftragt
Das Northwest Athabasca Project erstreckt sich über 13.876 ha und umfasst 11 angrenzende Mineralansprüche, die 75 km östlich von Uranium City und 1.000 km nordwestlich von Saskatoon liegen. Das Projekt betont die fortlaufende Zusammenarbeit mit den lokalen Gemeinschaften und den First Nations.
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Diamond drilling has commenced at the Zone 2A area, and SJ Geophysics has initiated ground EM and Resistivity surveys on the Spring Bay area on the Northwest Athabasca Project in Saskatchewan's Athabasca Basin
Vancouver, British Columbia--(Newsfile Corp. - March 20, 2025) - Forum Energy Metals Corp. (TSXV: FMC) (OTCQB: FDCFF) (the "Company" or "Forum") and Global Uranium Corp. (CSE: GURN) (OTCQB: GURFF) (FSE: Q3J) ("Global") are pleased to announce that it has commenced its diamond drilling program, as well as ground geophysical surveys on the Northwest Athabasca (NWA) Project, located along the northwest shore of Lake Athabasca in Saskatchewan, Canada (Figure 1). Drilling will be focusing on the Zone 2A and Andy grid areas and SJ Geophysics will be conducting ground Time Domain Electromagnetic (TDEM) and Direct Current Induced Polarization (DCIP) surveys over the Spring Bay grid (Figure 2).
Global has an option to earn
"The integration of historical geophysical datasets and legacy drill results gives us an advantage in identifying areas of high potential," stated Ungad Chadda, CEO of Global Uranium. "We are pleased that the Forum exploration team's knowledge and experience in Saskatchewan unconformity-style uranium deposits will shape the refined targeting strategy at the NWA Project, positioning us to unlock the site's full value potential."
Rick Mazur, CEO of Forum Energy Metals stated, "I am particularly proud of the Forum logistics team, the Athabasca Denesuline contractors and all contractors that have worked tirelessly for the last month to get a camp built and drill and supplies to site, since the ice road was constructed to Uranium City. Forum's geological team can now test the exceptional potential of the project."
Camp Construction, Ground Geophysics and Diamond Drilling
Camp construction is completed and is ready to support the upcoming exploration program. Supplies were brought into site largely by fixed wing aircraft using skis. A temporary ice road from Uranium City has been completed and additional fuel as well as the diamond drill and supplies were hauled to site. The drill program began on March 19 with Team Drilling as Forum's drill contractor. The objective of the diamond drilling program is to test the Andy and Zone 2A trends and if time and weather allows testing additional high-priority targets at Gomer and Spring Bay (Figure 2). SJ Geophysics began the ground geophysical program at the Spring Bay Grid on March 2 and the survey is projected to take approximately 3-4 weeks.
The Northwest Athabasca Project
The Northwest Athabasca Project is located along the northwest shore of Lake Athabasca on the margin of the Athabasca Basin 1,000 km north-northwest of Saskatoon. The western margin of the property is situated along the Alberta - Saskatchewan provincial border and the closest community is Uranium City, which is 75 km west of the project. The project consists of 11 contiguous mineral claims covering 13,876 ha.
Qualified Person
Rebecca Hunter, Ph.D., P.Geo., Forum's Vice President of Exploration and Qualified Person under National Instrument 43-101, has reviewed and approved the contents of this news release.
Quality Assurance and Quality Control
For a discussion of the QA/QC and data verification processes and procedures at the NWA Project, please see its technical report entitled "NI 43-101 on the Northwest Athabasca Project Northern Saskatchewan Centered at: Latitude 59°24'00" N, Longitude 109°54'00" W", with an effective date of June 27, 2024, which is available under the Global Uranium's profile at www.sedarplus.ca.
About Global Uranium Corp.
Global Uranium Corp. focuses on exploring and developing uranium assets primarily in North America. The Company currently holds key uranium projects: the Wing Lake Property in the Mudjatik Domain of northern Saskatchewan, Canada; the Northwest Athabasca Joint Venture with Forum Energy Metals Corp./NexGen Energy Ltd./Cameco Corporation/Orano Canada Inc. in the Northwest Athabasca region of Saskatchewan, Canada; and the Great Divide Basin District Projects, the Gas Hills District Projects, and the Copper Mountain District Projects in Wyoming, USA.
About Forum Energy Metals
Forum Energy Metals Corp. (TSXV: FMC) (OTCQB: FDCFF) is focused on the discovery of high-grade unconformity-related uranium deposits in the Athabasca Basin, Saskatchewan and the Thelon Basin, Nunavut. For further information: https://www.forumenergymetals.com.
Figure 1 Location of the Northwest Athabasca Project along Lake Athabasca in northwestern Saskatchewan. The closest communities are Uranium City, Fond du Lac and Fort Chipewyan. The western margin of the property is located along the Alberta - Saskatchewan Border.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4908/245274_1a76f135846719f6_003full.jpg
Figure 2 The main uranium showings and drill target areas on the Northwest Athabasca Project. The residual gravity and EM conductors are shown as the background.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4908/245274_1a76f135846719f6_004full.jpg
ON BEHALF OF THE BOARD OF DIRECTORS
Richard J. Mazur, P.Geo.
President & CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information contact:
Rick Mazur, P.Geo., President & CEO
mazur@forumenergymetals.com
Tel: 604-630-1585
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/245274
FAQ
What is the scope of the drilling program at Northwest Athabasca Project FDCFF in March 2025?
How much is Global Uranium investing to earn stake in FDCFF's Northwest Athabasca Project?
What is the total land coverage of FDCFF's Northwest Athabasca Project in Saskatchewan?
When did the ground geophysical surveys begin at FDCFF's Spring Bay Grid?
How was the drilling equipment transported to FDCFF's Northwest Athabasca site?
