Forum Begins Drilling On The Costco Zone

 

VANCOUVER, BC - Forum Uranium Corp. reported a $1 million drill program on the Company's 100% owned Key Lake Road project in northern Saskatchewan has commenced. This location, the eastern margin of the Athabasca basin, is home to the most productive uranium mines in the world with roughly 25% of the world's uranium production coming from this area.

2,500 meter drill program; up to 15 holes planned

Located south of the Cameco/Areva Key Lake Mine

Shallow, near surface drill targets; No sandstone cover

Rick Mazur, President & CEO of Forum said: "We gained a better understanding of the Costco area with our exploration work over the last year, and have identified high priority drill targets that meet our criteria for the discovery of a sizeable open pit deposit." Forum is in search for a basement deposit modeled after the Roughrider discovery by Hathor as well as Cameco's 56.5 million pound Millennium uranium deposit. All of the Key Lake Road targets have potential for this style of basement-hosted uranium mineralization at or near surface.

The company’s address is #910 - 475 Howe Street, Vancouver, BC V6C 2B3, 604-630-1585, fax: 604-689-3609, email: [email protected].