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Forum and Hathor Identify High Priority Uranium Drill Targets on Henday Project, Athabasca Basin
Forum and Hathor Identify High Priority Uranium Drill Targets on Henday Project, Athabasca Basin
About this update from Green Shift Commodities Ltd
[{"type":"text","content":"\nForum and Hathor Identify High Priority Uranium Drill Targets on Henday Project, Athabasca Basin\n\n\n Jun. 1, 2009 (TheNewswire.ca) -- Vancouver, B.C. May 27, 2009. Forum Uranium Corp. (OOTC:FDCFF) (TSXV:FDC) (FDC: TSX-V) and Hathor Exploration (TSXV:HAT) (HAT: TSX-V) are pleased to announce that high priority drill targets have been identified as a result of ground electromagnetic (EM) and gravity surveys completed on the Henday Lake project, northern Saskatchewan. The Henday property has exceptional potential for a shallow, high grade uranium deposit and is located along the north-east trend hosting the AREVA/Denison Midwest Lake deposit (41 million lbs. U3O8 (TSXV:UWE) at an average grade of 5.5%) and Hathor's Roughrider Zone. The sandstone thickness on this project averages only 160 metres, making such a target amenable to low cost, open pit mining operations.Figure 1: Henday Lake Location Map. (Elliptical area shown in more detail as Figure 2) - CLICK HERE TO VIEW: http://www.forumuranium.com/i/nr/2009-06-01-henday-map.gifThe 2008 geophysical program identified an important east-northeast trending conductive structure and drilling identified an illitic alteration zone with associated elevated geochemistry in the Mallen Lake area. Ground EM and gravity surveys were conducted this past winter over three high priority areas. A detailed ground EM survey was carried out to help interpret the complex conductive trend, and a gravity survey was utilized to detect areas of low density, typically areas of clay-rich alteration that may be caused by hydrothermal alteration associated with uranium mineralization. A total of 15 conductor segments totaling 8.4 km in length have been identified, as have a number of gravity lows. Forum has used these surveys extensively on its Key Lake Road project and Hathor used these methods to help define their Roughrider discovery. Results on Grid G are shown below in Figure 2. The program has developed numerous drill targets within a strongly tectonized conductive system with associated gravity lows. Results from the two other grids are forthcoming.Figure 2: Contoured gravity and EM on Grid G, Henday Lake Project. The reds are gravity highs, the blues are gravity lows, and the white lines are graphitic conductors. Drill targets are outlined by the red ellipses. The surveys suggest that numerous str...