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Forsys Metals Provides Update on Norasa Uranium Project
TORONTO, Dec. 05, 2023 (GLOBE NEWSWIRE) -- Forsys has launched a broad-ranging initiative to reassess its 2015 Feasibility Study (“FS”) for its fully owned Nora
About this update from Forsys Metals Corp.
[{"type":"text","content":" TORONTO, Dec. 05, 2023 (GLOBE NEWSWIRE) -- Forsys has launched a broad-ranging initiative to reassess its 2015 Feasibility Study (“FS”) for its fully owned Norasa Project1 in Namibia. The Company sees potential to improve project economics by optimizing pit parameters and examining the potential of using heap leaching in mineral processing. The work program that began in mid 2023 and is anticipated to finish in mid 2024 includes the following components: 4,100 metre (“m”) drilling program aimed at enhancing geotechnical assessments and obtaining fresh ore samples for additional metallurgical test work; Geotechnological optimization of pit parameters to reduce stripping ratio; Evaluation of alternative metallurgical processes, including heap leaching, to reduce capital and operational expenses; Critical review of all linear infrastructure and utilities. To achieve these objectives, the Company recruited a 27 person team who have significant previous uranium mining experience at various Namibian operations. The technical team includes process engineers, mining experts, geologists, environment consultants, and local specialists led by the Company’s Namibian Country Director, Pine Van Wyk. Further Drilling Program Recent advancements in metallurgical, engineering and mining technology since exploration and computation of the Norasa Project’s FS have warranted a comprehensive review of the project. In mid 2023, the Company commenced a new 4,100 m drilling program to retrieve fresh samples at depths of up to 420 m from the slope areas for both the planned mining pits at Valencia and Namibplaas. The drilling program focuses on: Geotechnical logging and geo-mechanical sampling to refine pit designs; Sampling for new metallurgical test work and for optimized process design; Sampling and testing local groundwater resources and to establish additional groundwater monitoring borehole; Further geotechnical drilling, logging and sampling, along with downhole surveys (trajectory, gamma, Optical Televiewer) at Valencia and Namibplaas; Density test work on ore and waste material; geochemical analysis of samples at Trace Element Analytical Laboratories and calc index and U deportment test work; minimum of 5% check analyses by other independent analytical laboratories. Figure-1 below, illustrates the drilling program within ML-149 Valencia and EP...