Forte Energy NL

October 08, 2010 02:41 ET

Operational Update

                                                                                                     FORTE ENERGY NL
                                                                                                     ACN 009 087 852
                                                                                                   ASX/AIM CODE: FTE
                                                                      Telephone: +618 9322 4071, Fax: +618 9322 4073
                                                                                            ASX, AIM and Media Release
                                                                                                      8 October 2010
                                                   Operational Update



-       Commencement of 5000m RC drilling programme initially focussing on Anomaly 238, followed by diamond drilling to
        move to JORC resource in H1 2011
-       Other high grade targets intersected in last drill phase to be further tested with drilling later in season
-       Several new prospects have been identified with high grade uranium at surface

-       Assays received from remaining five anomalies drilled in the northern sections of the Company's licences


-       Renewal of exploration permits in Guinea
-       Extension drilling and pre- feasibility work planned at Firawa Project in Guinea

International uranium company Forte Energy NL (ASX/AIM: FTE; "Forte Energy" or "the Company") is pleased to provide  the
following operational update on its uranium projects in the republics of Mauritania and Guinea, West Africa.


Following the summer break, field crews returned to Mauritania several weeks ago to prepare for the field season.


Following  the  extremely  positive results of the initial drilling programme earlier this year,  a  5000m  RC  drilling
programme is to commence mid October 2010, focussing initially on Anomaly 238 ("A238"), which is located 55km south-east
of  the  town  of Bir Moghrein.  Preliminary results indicated that the A238 has potential for a shallow,  large  volume
medium grade deposit and was the first of five anomalies in the northern sections of Forte Energy's exploration licences
that were targeted in the 2009/10 RC drilling campaign.

An  RC  drill rig is currently being mobilised to our projects in Mauritania, with drilling to commence within 10  days,
with a tentative total of 5000m of RC planned with a later 1500m of diamond drilling in November and December.

Drilling  will  initially  concentrate  on  the  A238 prospect, where initial  drilling  in  early  2010  returned  wide
intersections  of  high  grade uranium, (including 80m at 363ppm U from surface) over a strike  length  of  1.2km.  This
mineralisation  remains open at depth and along strike, with surface mapping suggesting a probable srike  of  well  over
2km;  this  drilling programme is therefore designed to fully define the strike extent and to in-fill  the  thick,  high
grade  core.  The Company expects this programme should allow a JORC compliant resource to be calculated  for  the  A238
prospect in H1 2011.

Drilling  will  also  be undertaken on other prospects where high grade uranium was intersected  in  the  last  drilling


Apart  from drilling, regional exploration has identified a number of new prospects where high grade uranium (in  excess
of  1000ppm) is identifiable on surface. Field programmes including mapping, trenching, radiometrics and radon  sampling
are planned to move several of these projects up to drill targets for later this field season.


The  Company has also now received all assay results from its RC drilling programme carried out earlier in 2010.  Assays
from  drilling  of  anomalies A237 and 252RCGH returned maximum values of less than 100ppm U3O8. Best results  from  Leg
Beija, 252GARC and A252 anomalies are set out in the following table.

Hole ID          From      To     Length (m)    U ppm               from      to     Length (m)       U         Max. 1 m
Leg Beija (Vertical)
LBRC002               0       3           3         481   incl.                                                      902
LBRC018               1       3           2         464   incl.                                                      482
LBRC027               1       2           1         203                                                                 
LBRC053               4       5           1         229                                                                 
252GARC (50 degrees dip - not true width)
252GARC1             14      39          25         250   incl.        34      39             5       411            997
A252 (Vertical)
252RC06               0       1           1         255                                                                 
252RC07               1       2           1         396                                                                 
252RC09               0       3           3         322   incl.                                                      400
252RC10               0       1           1         398                                                                 
252RC17               2       3           1         210                                                                 
252RC54               2       5           3         511   incl.                                                      936

The  results  from  the remaining five anomalies in the northern tenements revealed mineralization across  each  target.
While  several  individual holes and trenches revealed U308 grades in excess of 1000ppm, the  system  was  only  several
metres  wide  and  the  mineralization was inconsistent along strike - as a result more detailed geological  mapping  is
required  to define areas for further follow-up.  In the meantime, the Company has decided to focus its initial drilling
in  the  upcoming  season on A238 and the targets in the south of the licence area where thick zones of shallow,  higher
grade mineralization were intersected in the first pass drill programme earlier this year.


Previous drill programmes in Mauritania have suffered from extreme delays in the delivery of geochemical assays, in some
cases up to five months, due largely to the fact that no pre-preparation facilities were available within Mauritania  at
that time. Circumstances have changed, and the high level of mining activity in Mauritania now has resulted in the entry
of  a  number of new service providers. Geochemical preparation facilities are now available in country and the  Company
anticipates assay turnaround to now be measured in weeks rather than months.

To view Figure 1 -Exploration targets within Forte Energy's Mauritania permits, please open the following link in a 
new window to view:


No  field  exploration  work has been undertaken in Guinea since the field season of early  2009,  due  largely  to  the
uncertain political environment that prevailed in the country for a six month period from late 2009 to early 2010. Those
concerns are now largely resolved and the Company's exploration permits have all been recently renewed.

Preparations are commencing now to restart field activities, with the primary focus on expansion of the Firawa  resource
and progression of this project toward feasibility.

An  operational base is being re-established at Kissadougou, and dulldozers are being sourced in order to create  access
tracks  for  drill  rigs  that the Company hope to have in operation by the end of year. The Firawa  resource  currently
stands at a JORC compliant Inferred Resource of 17.7Mt at 296ppm for 11.6Mlbs U3O8 (100ppm cut-off), but remains open in
all  directions.  The  Company expect a programme would involve a brief RC phase to prove strike and  depth  extensions,
followed  up  by  a  major  diamond drilling programme over the remainder of the field  season  with  the  objective  of
calculating an updated resource by Q3 2011.

In  the meantime, metallurgical studies continue to provide greater guidance on the likely processing route, which  when
complete should allow us to commence preliminary scoping studies in early 2011


The Company is extremely positive about the forthcoming field programmes in both Mauritania and Guinea and looks forward
to advising shareholders of the ongoing progress of these programmes on a more timely basis than previously.

Mark Reilly
Managing Director

For further information contact:

Mark Reilly, Managing Director
Forte Energy NL                                  Tel: +44 (0) 203 300 0187

Alastair Stratton/Tim Graham
Matrix Corporate Capital LLP                     Tel: +44 (0) 203 206 7000

Jos Simson/Emily Fenton
Conduit PR                                       Tel: +44 (0) 207 429 6603

Nicholas Read/Paul Armstrong
Read Corporate                                   Tel: +61 (0) 8 9388 1474

Stuart Laing
RFC Corporate Finance Ltd                        Tel: +61 (0) 8 9480 2506
(AIM Nominated Adviser to the Company)


The  information  in  this  report that relates to Exploration Results is based on information  compiled  by  Mr.  Bosse
Gustafsson,  who is a Member of the European Federation of Geologists, a 'Recognised Overseas Professional Organisation'
('ROPO') included in a list promulgated by the ASX from time to time. Mr Gustafsson is a full time Technical Director of
Forte  Energy  NL and is responsible for exploration activities in Mauritania and Guinea. Mr. Gustafsson has  sufficient
experience which is relevant to the style of mineralisation and type of deposit under consideration and to the  activity
which  he  is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the 'Australasian Code  for
Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr. Gustafsson consents to the inclusion in  this
report of the matters based on his information in the form and context in which it appears.

The information in this report that relates to the Mineral Resource at Firawa in Guinea is based on information compiled
by  Mr. Bosse Gustafsson of Forte Energy NL and Mr. Doug Corley of Coffey Mining Ltd. Mr. Gustafsson and Mr. Corley have
sufficient  experience which is relevant to the style of mineralisation and type of deposit under consideration  and  to
the  activity  which  they  have undertaken to qualify as a Competent Person as defined  in  the  2004  Edition  of  the
"Australasian  Code  for Reporting of Exploration Results, Mineral Resources and Ore Reserves". Mr. Gustafsson  and  Mr.
Corley  consent  to the inclusion in this report of the matters based on their information in the form  and  context  in
which it appears.

Contact Information

  • Forte Energy NL