• TSX-V: FMC

Janice Lake Sedimentary Copper Project

Ownership:Option to acquire 100% from Transition Metals Corp
Stage:Highly prospective with over 20 copper occurrences. Drill results by Noranda in 1993 include 0.77% Cu over 33.0 m including 1.6% Cu over 6 m, within 35 m of surface. In 2003, Phelps Dodge completed 6 diamond drill holes applying geophysical methods to target mineralization under cover which resulted in the discovery of a new zone which returned values including 0.72% Cu over 26.0 m including 1.33% Cu over 5.83 m (JL-03-38). Grab samples collected by Transition Metals have returned values ranging from 0.34 to 9.35% copper and 0.7 to 61.7 g/t silver, confirming previous reports of high-grade mineralization at surface, and highlighting the potential for the discovery of multiple near-surface, sediment-hosted copper deposits.
Size:17,600 Ha (176 sq. km)
Location &
Infrastructure
Located in north-central Saskatchewan within the Wollaston Domain, a northeasterly-trending belt of metamorphosed lower Proterozoic supracrustal rocks deposited upon Archean granitoid basement  A major power transmission corridor runs to the northeast of Janice Lake
Regional
Significance
The Janice Lake area contains significant concentrations of sediment-hosted copper showings. Located 55 km southeast of the Key Lake uranium processing facility in close proximity to several of Forum’s core uranium exploration properties, enabling this project to be effectively integrated into Forum’s operations.
Significant comparable depositsThe age and depositional environment at Janice are similar to the giant Udokan Deposits of the Lake Baikal region in Siberia, and the Revette deposits of Montana USA. Baikal Mining Company LTD reports JORC compliant Measured and Indicated resources of 1.822 billion tonnes grading 1.01% copper, 14.3 grams per tonne silver3 for the Udokan deposits. Hecla Mining reports 43-101 compliant Inferred resources of 112 million tonnes grading 0.7% copper, 1.6 oz/t silver for its Montanore deposit and 97.6 million tonnes grading 0.7% copper and 1.5 oz/t silver for its Rock Creek deposit in Montana4.

Outlook:

  • The high-grade chalcocite mineralization previously discovered at Janice Lake from limited drilling by former owners Noranda and Phelps Dodge, remains open in all directions, and has the potential for significant high-grade near surface copper.‎
  • The following video link further demonstrates the exploration potential  at Janice Lake and compares the geological setting with similar significant known deposits. https://www.youtube.com/watch?v=RLDNeIPlQQc

Work Programs for 2018

  • Planning is underway to determine how best to advance the Janice Lake Copper propert

 


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