Forum Energy Metals – Comprehensive Aberdeen Project 2024 Exploration Recap w/ Unconformity Target Results From Ayra, Loki, And Ned
Dr. Rebecca Hunter, VP of Exploration at Forum Energy Metals (TSX.V:FMC – OTCQB:FDCFF), joins me for a comprehensive recap of the 2024 exploration program their 100% owned Aberdeen Project in the Thelon Basin of Nunavut, Canada. This video update gives viewers a good visual idea of the size and scale of Aberdeen district-scale land package. She outlines this year’s expansion of the mineralization at both the Tatiggaq and Qavvik basement-hosted uranium deposits, and then we also touch upon the final drill results from last year’s program into the Ayra, Loki, and Ned unconformity style uranium targets.
We start off reviewing the dozens of historic holes that were drilled by Cameco into both the Tatiggaq and Qavvik areas, and how this year’s drill program expanded the known footprint at both areas. While mineralization was expanded at Tatiggaq Main and Tatiggaq West, it is also important to note that this exploration program also made a new discovery when stepping out 300 meters north of the Main Tatiggaq deposit and known mineralization. We also discussed the results from the 2 holes put into Qavvik, which also returned highest-grade results to date; intersecting a 296-metre-wide zone of uranium mineralization with grades up to 8.2% U3O8 in a newly identified lens that resulted in more than 20 assays with grades greater than 1% U3O8.
Next, we transitioned over to the final drill results from last year’s drill program, at the Ayra, Loki, and Ned targets. These particular targets had the goal of testing and exploring for the higher-grade unconformity style of deposits; similar to what is found in the Athabasca Basin. Rebecca highlights the significance of the elevated grades of uranium and boron values, not just in the bedrock, but also the significance of finding mineralization well above 1 ppm in the sandstone, that could be proximal to a uranium mineralized body.
>> Ayra and Loki assay results included:
-Drill hole AYA24-011B – returning 72.8 ppm U in the sandstone, and 323 ppm U in the basement rock
-Drill hole AYA24-012 – returning 41.1 ppm U in the sandstone at the unconformity, and 260 ppm U in the basement rock
-Drill hole LOK24-003 – returning 36.6 ppm U at 107.6 m in the sandstone
Wrapping up we look ahead to the upcoming drill programs both at the Northwest Athabasca JV Project in the Athabasca Basin of Saskatchewan, starting in March, and a broad senses of the follow up drill program at the Aberdeen Project that will continue to expand the known deposits, but also follow up on the success at Ayra and Loki as well as testing other highly prospective regional targets.
If you have any follow up questions for Rebecca or the team at Forum Energy Metals, then please email them into me at Shad@kereport.com.
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