| Ownership: |
Forum owns a 100% interest in 13 claims acquired by staking. |
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Stage: |
The Ni-Cu-PGM occurrences are associated with the 2.5 billion year old Swan River mafic complex and the Love Lake felsic pluton in the Peter Lake Domain. Forum has now staked a 30 km by 15 km area of historic copper- nickel- platinum group metal showings which returned up to 0.31% Cu over 5.2m in a trench, with visible sulphides occurring in outcrop along a 1.5km east-west trend of “reef type” layered intrusive that was not properly tested by historical drilling. Grab samples in Trench #4 in the Korvin Lake area returned 0.33% Cu, 1.33% Ni, 2735 ppb platinum, 2685 ppb palladium, 70 ppb gold and 0.43% Cu, 0.23% Ni, 3580 ppb platinum, 4275 ppb palladium, 200 ppb gold. (Saskatchewan Geological Survey – Maxeiner and Rayner, 2005). Two drill holes on the project returned 31.7m of 0.23% Cu and 36.6m of 0.29% Cu. |
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Size: |
13 claims totaling 32,075 ha |
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Location & Infrastructure |
The project is located along Highway 905 to the Rabbit Lake/McClean Lake mine sites, approximately 60 km northeast of Forum’s Janice Lake/Rio Tinto copper joint venture in north-eastern Saskatchewan. |
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Regional Significance |
Substantial regional scientific research suggests a re-evaluation of the property utilizing a new exploration approach to determine the palladium potential is required. |
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Significant Comparable Deposits |
Comparable geological environment to North American Palladium’s Lac Des Isle deposit in Ontario northwest of Thunder Bay. |
Outlook:
- 2019: summer exploration mapped outcrops along the road, finding numerous breccias and layered units. A day was spent at the historic trenches, mapping and collecting numerous samples. The samples were collected for geochemistry and processed at TSL laboratories in Saskatoon.
- 2020: a high-resolution airborne magnetometer survey was completed in early August, covering approximately 3,500 line km using a 100 metre line spacing. This survey identified three main areas of interest; West Road, Korvin Lake and What Lake. A mapping, outcrop sampling and soil sampling program was completed over these areas by early September and assay results have been returned. The results have been processed and interpreted by Dr. L Hulbert and permitting is underway for an airborne EM survey over the three targets, followed by a detailed ground EM survey and then a diamond drill program in the late spring/early summer.
- 2021: an airborne HeliSAM EM survey is planned to start on May 4, covering 5 priority targets on a 100m spacing. This survey should be complete by the end of May, and the results should provide targets for a planned 12-hole 3,000 metre drill program in August.
Sulphides Within Mafic Rocks from the Korvin Lake Trenches
