Forum Uranium Corp.
TSX VENTURE : FDC

Forum Uranium Corp.

October 22, 2013 06:30 ET

Anomalous Radon Results Returned From Forum Uranium Claims at Patterson Lake

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 22, 2013) - Forum Uranium Corp. (TSX VENTURE:FDC) is pleased to announce results from a radon survey on its 100% owned Clearwater Project on trend and immediately adjacent to the southwest of the Alpha Minerals/Fission Uranium Patterson Lake South (PLS) discovery. Forum conducted soil gas radon surveys over three different grid areas in August and September. Five water samples were also taken on the northern grid with very positive results.

Forum contracted RadonEx Ltd. to conduct the surveys, whose Electret Ionization Chamber technology was highly successful in detecting the PLS uranium deposits. The soil gas radon results obtained are similar and higher than those located immediately west of the R00E PLS deposit located on high ground where maximum results of 0.95 pCi/m2/sec were returned (Source: Fission website).The following soil gas radon results were obtained from Forum's Clearwater project:

  • Bear Grid - up to 1.33 pCi/m2/sec
  • West Bear Grid - up to 1.08 pCi/m2/sec
  • Mungo Grid - up to 0.92 pCi/m2/sec

A total of 428 samples were taken over areas with electromagnetic (EM) conductors and over the interpreted extension of the Patterson Lake structure that hosts the PLS deposits currently being drilled by Alpha/Fission (Figure 1).

Radon in water was also sampled on a small lake in the southeast corner of the Mungo grid which returned up to 18 pCi/litre, which is considered to be very anomalous when compared with a maximum value of 12 pCi/litre immediately over the Patterson Lake South deposits (Source: Fission website). More importantly, this lake lies along one of the interpreted structural extensions of the fertile PLS fault and conductor system that hosts the PLS uranium deposits.

Forum is extremely pleased with these results and may conduct further radon in water surveys this winter. Forum will conduct a ground gravity survey this fall, followed by ground electromagnetic surveys. The gravity survey will cover the areas already covered by the radon survey, which will give Forum a complete picture to define targets for drilling in late January 2014.

To view "Figure 1: Radon results from Forum's Clearwater Project", please visit the following link: http://media3.marketwire.com/docs/FDC-1022-fig1.pdf.

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.

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.

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