Exploring Saskatchewan’s Wollaston Copperbelt
Janice Lake Sedimentary Copper Project
Forum optioned a 100% interest in the Janice Lake Sedimentary Copper Property in north-central Saskatchewan. Located a mere 55km away from several of Forum’s core uranium exploration properties in the Athabasca Basin, Janice Lake’s close proximity enables this project to be effectively integrated into Forum’s operations, while diversifying its exposure to include copper. The high-grade chalcocite mineralization previously discovered 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. A four hole first pass summer drill program completed in August 2018 confirmed the presence of high grade copper and the continuity of mineralization along strike and at shallow depths.
EXPLORING IDAHO’S COBALT BELT
Forum acquired the Quartz Gulch claim block which comprises 127 claims totaling 10.65 sq. kms. located approximately 5 kms to the southeast of eCobalt Solutions Idaho Cobalt Project, the only permitted cobalt mine development in North America. The Idaho Cobalt Belt has highly developed infrastructure and the Quartz Gulch property is easily accessed via the road to the past producing Blackbird mine. The Yellowjacket Formation, host to cobalt deposits in the area, trends onto the property.
Exploring for Uranium in Saskatchewan’s Athabasca Basin
Forum is a uranium explorer searching for high-grade deposits in Saskatchewan’s Athabasca Basin, the most valuable uranium real estate in the world. The richest and highest grade uranium mines are found here. Saskatchewan supplies over 20% of all annual uranium mine production.
Forum’s exploration properties are located at or near the edge of the Basin boundary. Properties have been selected based on their proximity to known uranium deposits or occurrences and are associated with major nearby deposits or major structures directly within the project. The Company’s exploration model is based on near-surface uranium mineralization.
Forum has several 100% owned projects, while others have been joint ventured with partners including: Cameco, AREVA, NexGen, Rio Tinto and Uracan.