Vancouver, B.C., May 28, 2013 - Forum Uranium Corp. (FDC: TSX-V) is pleased to announce the commencement of an electromagnetic and magnetic survey of its 100% owned Clearwater Project. Forum’s claims, staked immediately adjacent to the southwest of the Alpha Minerals/Fission Uranium claim boundary is interpreted to be on strike with the fertile conductive trend that hosts the high-grade uranium discovery on the Patterson Lake South project. Forum’s property lies only four kilometres southwest of the high grade boulder train on the Alpha/Fission property.
Figure 1 below shows historical electromagnetic trends, a magnetic map and lake sediment geochemical surveys in the Patterson Lake South area. The electromagnetic (EM) surveys stopped at Forum’s claim boundary, however EM conductors from these historic surveys trend in the direction of Forum’s ground. Of particular note is that the highest lake sediment value in the area lies on Forum’s southwest claim with a value of 8.3 ppm U. Most values are between 1 to 3 ppm U and the lake sediment sample taken down-ice from the Patterson lake boulder field was 3.2 ppm U.
An Aeroquest Airborne helicopter-borne time domain electromagnetic survey with Bfield-VTEM Plus and magnetic gradiometer system will be flown on 200 metre line spacings for a total of 647 line kilometres over Forum’s 99 square kilometre property. The VTEM Plus system has been chosen for its depth penetration and vertical/spatial resolution of graphitic conductors that are prospective hosts for unconformity-style uranium deposits.
This is the first phase of this year’s summer exploration program. Plans are to conduct an airborne radiometric survey and a detailed prospecting survey to search for any boulder fields similar to that found on the Alpha/Fission ground.
Ken Wheatley, P.Geo. (Saskatchewan/Nunavut), Forum’s Vice President, Exploration is the Qualified Person that has reviewed and approved the contents of this news release.
Figure 1: Clearwater claims with magnetic background. Lake sediment samples from a regional survey are shown. The highest value of 8 ppm is on Forum ground. EM conductors are shown as green lines.
About Forum Uranium
Forum Uranium Corp. is a Canadian-based energy company with a focus on the acquisition, exploration and development of Canadian uranium projects. Forum has assembled a highly experienced team of exploration professionals with a track record of mine discoveries for unconformity-style uranium deposits in Canada. The Company has a strategy to discover near surface uranium deposits in the Athabasca Basin, Saskatchewan and the Thelon Basin, Nunavut by exploring on its 100% owned properties and through strategic partnerships and joint ventures.
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, President & CEO
Matt Terriss, Director, Corporate Affairs
Robin Cook, Senior Account Manager
CHF Investor Relations
Tel: 416-868-1079 x 228