Wollaston Uranium Project Drilling Has Commenced

VANCOUVER - Forum Energy Metals Corp. reported that the drill has started turning on its Wollaston uranium project, located in the northeastern Athabasca Basin. The plan is to complete approximately 1000m before Christmas, then continue the program into the new year with a minimum of another 2,000 meters, testing priority targets developed by the recent airborne magnetic/electromagnetic survey.

Drilling last winter was successful in identifying the Gizmo zone with uranium grades up to 0.21% U3O8 intersected in one of four holes drilled on the target exhibiting strong alteration and geochemical values. Targets on the west side of the project, located near the all-weather road to the uranium mine/mill complexes of McClean Lake and Rabbit Lake, will be drilled first while waiting for the ground conditions to firm up enough to investigate the eastern targets.