Clear Commodity Network Clear Commodity Network
  • Home
  • Metals
  • Energy
  • Agriculture
  • Podcasts
  • Playlists
  • Prices
Clear Commodity Network Clear Commodity Network Clear Commodity Network Clear Commodity Network
  • Home
  • Metals
  • Energy
  • Agriculture
  • Podcasts
  • Playlists
  • Prices
Cover for Forum Energy Metals – First Set Of Drill Results Released Expanding Mineralization At The Tatiggaq Deposit – Exploration Results Anticipated From The Qavvik, Ned, Ayra, and Loki Targets

Forum Energy Metals – First Set Of Drill Results Released Expanding Mineralization At The Tatiggaq Deposit – Exploration Results Anticipated From The Qavvik, Ned, Ayra, and Loki Targets

November 26, 2024
  • Company
KEReport
By KEReport
KEReport

Dr. Rebecca Hunter, VP of Exploration at Forum Energy Metals (TSX.V:FMC – OTCQB:FDCFF), joins me to review the first set of 11 drill hole results that were just released from the Tatiggaq deposit from this year’s 6,962 meter diamond drilling program, at their 100% owned Aberdeen Uranium Project, in the Thelon Basin, Nunavut.  There are 8 more holes to still release next at the Tatiggaq area, stepping out from the known mineralization. Then there are 11 additional drill holes to report on that tested other highly prospective regional areas, like the Qavvik, Ned, Ayra, and Loki targets.  This leaves 19 out of the 30 holes still to release to them market over the next couple months.

Tatiggaq Main highlights:

  • TAT24-012 intersected 1.15% U3O8 over 2.4 m from 169.1 to 171.5 m including:
    • 3.33% U3O8 over 0.3 m (169.7 - 170.0 m)
    • 2.77% U3O8 over 0.5 m (170.4 - 170.9 m)
  • TAT24-014 intersected 1.31% U3O8 over 7.6 m from 164.0 to 171.6 m including:
  • 4.30% U3O8 over 0.5 m (169.1 - 169.6 m)
  • 4.81% U3O8 over 0.4 m (171.2 - 171.6 m)
    • Including a maximum grade of 8.15% U3O8 over 0.2 m (171.4 - 171.6)
    • 4.56% U3O8 over 0.2 m (166.4 - 166.6 m)
  • Entire mineralized interval at TAT24-014 is 0.62% U3O8 over 17.9 m from 157.9 to 175.8 m

Tatiggaq West highlight:

  • TAT24-011 intersected 35.3m grading 0.11% U3O8 from 144.2 to 179.5 m including 0.68% U3O8 over 1.6 m (170.9 to 172.5 m) including:
    • 1.24% U3O8 over 0.4 m (171.2 - 171.6 m)
    • 1.12% U3O8 over 0.3 m (172.0 - 172.3 m)
  • Uranium mineralization at the Main zone has been encountered over a thickness of ~35 metres in 2024.
  • Drilling at Tatiggaq West intersected thick intervals of continuous uranium mineralization for another 40 m to the west.

We discuss what was learned in last year’s more limited drill program, after their uranium discovery reported on hole TAT23-002 that intersected 2.25% U3O8 over 11.1 m (from 148.5 – 159.6 m).  Rebecca points out that this year’s program has found another mineralized lens at Tatiggaq Main, and has a better understanding of the wide levels of uranium mineralization at Tatiggaq West.  We also discuss how this mineralization in the basement hosted rock is similar in nature to the 133 million pound Kiggavik uranium project held by Orano/Denison/UEC, located about five kilometers to the west of the Tatiggaq deposit.

We wrap up discussing some of the other regional targets like the basement-hosted Qavvik deposit, where a couple of holes expanded the knowledge of this area, and how there is potential at the Ned, Ayra, and Loki targets to explore for the higher-grade unconformity style of deposits; similar to what is found in the Athabasca Basin.   Those drill results are all still pending from the lab but should be released over the next couple months.

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.

  • In full disclosure, Shad is a shareholder of Forum Energy Metals at the time of this recording

Click here to follow along with the most recent news from Forum Energy Metals

KEReport
KEReport
The KE Report provides exclusive interviews with private money managers and sub $10 billion market cap companies. Interviews are published daily to help investors navigate the markets.
View all podcast by KEReport

Subscribe for Clear Insights

Freshly dropped news & interviews delivered to your inbox daily.
Please review our Disclaimer and Privacy Policy.

More Clear Commentary:

Cover for Guanajuato Silver – Solid Q1 2025 Financials And US$4.8M In Positive Mine Operating Income Demonstrate That The Company Is At Strong Inflection Point

Guanajuato Silver – Solid Q1 2025 Financials And US$4.8M In Positive Mine Operating Income Demonstrate That The Company Is At Strong Inflection Point

Cover for Elemental Altus Royalties Q1 Commentary and Royalty Acquisition Outlook

Elemental Altus Royalties Q1 Commentary and Royalty Acquisition Outlook

Cover for Radisson Expands Drill Program at O'Brien with Results Imminent

Radisson Expands Drill Program at O'Brien with Results Imminent

Cover for Guardian Metal Resources – Exploring And Developing 2 Tungsten And Critical Minerals Projects In Nevada

Guardian Metal Resources – Exploring And Developing 2 Tungsten And Critical Minerals Projects In Nevada

Cover for Erik Wetterling - Value Proposition In Heliostar Metals, Amex Exploration, and Blackrock Silver

Erik Wetterling - Value Proposition In Heliostar Metals, Amex Exploration, and Blackrock Silver

Cover for New Gold Explorer in the Abitibi | Harvest Gold CEO Interview

New Gold Explorer in the Abitibi | Harvest Gold CEO Interview

  • Tweet
  • Share
  • Share
  • Share
  • Share
  • Share
  • Tweet
  • Share
  • Share
  • Share
  • Share
  • Share