Forum Uranium Corp. (Seite 41)

[Fantomas96]

Forum startet Exploration im Thelon Becken nahe bei Areva´s Kiggavik Vorkommen


http://www.forumuranium.com/s/NewsReleases.asp?ReportID=3554…


Thu Jul 9, 2009
Forum Commences Exploration on North Thelon Project Adjoining Areva's Kiggavik Deposit, Nunavut

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Vancouver, B.C. July 9, 2009. Forum Uranium Corp. (FDC: TSX-V) is pleased to announce that the summer exploration program has commenced on its North Thelon project in Nunavut, including its 100% owned claims and property optioned from Agnico-Eagle Mines Ltd., Tanqueray Resources Limited and Nunavut Tunngavik Inc. Forum has assembled a strategic land position surrounding the Kiggavik mine development project which is currently under feasibility, permitting and environmental assessment by Areva Resources Canada Inc.

Areva currently has three drills on site completing geotechnical work as part of the feasibility study. The Kiggavik deposits host 134 million lbs of uranium at an average grade of 0.27% U3O8 and is one of the largest undeveloped uranium deposits in the world. It is Forum's goal to discover adjacent deposits that can feed the proposed mill that is slated to produce 7.8 million pounds of uranium per year over a 17 year mine life. (Source: Areva Resources Canada Inc., The Kiggavik Project, Project Proposal submission to the Nunavut Impact Review Board, November 2008).

Mapping, prospecting, till and outcrop sampling will be performed on high-priority areas identified by Forum's 2007 and 2008 geological, geophysical and diamond drilling programs. Work will be conducted where diamond drilling intersected 79.5 metres of anomalous uranium and strong illite alteration on the Tarzan showing along the structural trend hosting the Kiggavik deposits. This summer's work program will also focus on Inuit-owned land package BL-21 located near Kiggavik where Forum finalized an exploration agreement with Nunavut Tunngavik Inc. in March, 2009. Uranium occurrences found in the late 70's and early 80's on this Inuit-owned land package will be further investigated by utilizing knowledge gained from the adjacent Kiggavik deposits and applying the latest exploration technologies.

Ken Wheatley, P.Geo. (Saskatchewan, Nunavut), Vice President, Exploration is the Qualified Person that has reviewed the contents of this news release.



Figure 1: North Thelon Location Map. Forum ground is in white and yellow, Areva in red and Cameco in blue.

About Forum Uranium

Forum Uranium Corp. is a Canadian-based energy company with a focus on the acquisition, exploration and development of Canadian uranium projects in the Athabasca Basin, Saskatchewan and the Thelon Basin, Nunavut. Forum has assembled a highly experienced team of exploration professionals with a track record of mine discoveries for unconformity-style uranium deposits in Canada. The Company has a strategy to discover near surface uranium deposits nearby existing infrastructure by exploring on its 100% owned properties and through strategic partnerships and joint ventures.

ON BEHALF OF THE BOARD,

Richard J. Mazur, P.Geo.
President & CEO


FANTOMAS

[Fantomas96]

Zwischenzeitlich wurde die Finanzierungsrunde abgeschlossen:


http://www.forumuranium.com/s/NewsReleases.asp?ReportID=3548…


Mon Jul 6, 2009
Forum Closes $500,000 Financing With Qwest Investment Fund

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Vancouver, B.C., July 6, 2009. Forum Uranium Corp (FDC: TSX-V) is pleased to announce that it has closed a $500,000 private placement previously announced on June 22, 2009. The Company issued 5,000,000 Flow Through Common Shares at a price of $0.10 per share to Qwest Investment Fund Management Ltd. of Vancouver, BC. Qwest has supported the growth of Forum since 2006. Qwest is an investment management firm which specializes in identifying structuring and managing investment products in the natural resources sector (www.qwestfunds.com). All securities issued are subject to a four month hold period expiring November 3, 2009.

Proceeds from this financing will be used for drilling at the Company's Key Lake Road Project in the Athabasca Basin, Saskatchewan, located 30 kilometres south of the Cameco/AREVA Key Lake mine/mill complex in the Athabasca Basin, Saskatchewan. On the Company's Henday project under option to Hathor Exploration Limited and nearby Hathor's Roughrider uranium discovery, data from a Goldak airborne high resolution magnetic survey is being processed. A drill program is planned on the Henday project for this upcoming winter drill season.

About Forum Uranium

Forum Uranium Corp. is a Canadian-based energy company with a focus on the acquisition, exploration and development of Canadian uranium projects in the Athabasca Basin, Saskatchewan and the Thelon Basin, Nunavut. Forum has assembled a highly experienced team of exploration professionals with a track record of mine discoveries for unconformity-style uranium deposits in Canada. The Company has a strategy to discover near surface uranium deposits nearby existing infrastructure by exploring on its 100% owned properties and through strategic partnerships and joint ventures.


ON BEHALF OF THE BOARD,

Richard J. Mazur, P.Geo.
President & CEO


FANTOMAS

[hbg55]

Antwort auf Beitrag Nr.: 37.499.946 von Fantomas96 am 01.07.09 13:31:34

....kann ich gut nachvollziehen - HEUTE hat man nur möglichkeit
sich paaaar stücke in GER zu schnappen, wegen CANADA- day !!!!

[Fantomas96]

Danke, hbg, für die Updates.

100 Mio. Aktien FD und Market Cap von C$ 9 Mio. scheinen mir immer noch recht günstig bei den Properties.

Habe gestern nochmal 30.000 in Kanada nachgelegt.


FANTOMAS

[Fantomas96]

Uranpreis wieder leicht rückläufig:


Ux U3O8 Prices

June 29, 2009

Spot: US$52.00/lb (-2.00)






FANTOMAS

[hbg55]

....wie sagts ein SH- user zutreffend..........


Drilling on all fronts

this is the time to accumulate before the masses figure it out

[hbg55]

....und mit gestriger news werden wir auf ein aggressives
bohrprogramm im komm. winter hingewiesen....


Tue Jun 30, 2009
High Resolution Airborne Mag Survey Underway on Forum and Hathor's Henday Project, Athabasca Basin


Vancouver, B.C. June 30, 2009. Forum Uranium Corp. (FDC: TSX-V) and Hathor Exploration Limited (HAT: TSX-V) are pleased to announce that a high-resolution airborne magnetometer survey is currently underway on the Henday Project in northern Saskatchewan. This survey will help identify and prioritize the structural geology and rock types on the project, and place them in context with surrounding properties, including Hathor's Roughrider Zone that lies approximately 12 km to the south, and the Midwest, Dawn Lake and McClean Lake deposits.


This new airborne magnetic data will be used together with recently acquired electromagnetic ("EM") and gravity data (see June 1, 2009 news release) to identify the best targets for an aggressive diamond drill program planned for this winter.

The Henday property has exceptional potential to host shallow, high-grade uranium deposits and is located along a northeast trend hosting the AREVA-operated Midwest Lake deposit (41 million lbs. U3O8 at an average grade of 5.5%) and Hathor's Roughrider Zone. At Henday, the sandstone thickness averages only 160 metres, making such a target amenable to open pit mining operations.

Under terms of the option, Hathor must spend $3.5 million in exploration over the next three years to earn a 60% interest in the project. Forum is the operator of the Henday project. Ken Wheatley, P. Geo. (Saskatchewan, Nunavut), Vice President, Exploration is the Qualified Person that has reviewed the contents of this news release.

About Forum Uranium

Forum Uranium Corp. is a Canadian-based energy company with a focus on the acquisition, exploration and development of Canadian uranium projects in the Athabasca Basin, Saskatchewan and the Thelon Basin, Nunavut. Forum has assembled a highly experienced team of exploration professionals with a track record of mine discoveries for unconformity-style uranium deposits in Canada. The Company has a strategy to discover near surface uranium deposits nearby existing infrastructure by exploring on its 100% owned properties and through strategic partnerships and joint ventures.

ON BEHALF OF THE BOARD,

Richard J. Mazur, P.Geo.
President & CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information contact:

Rick J. Mazur
President & CEO
Tel: [phone]

or

Mark Prosser
Corporate Communications
FORUM URANIUM CORP.
910-475 Howe Street
Vancouver, BC, V6C 2B3

Tel: [phone]
Fax: [phone]
[e-mail]
www.forumuranium.com

[hbg55]

Antwort auf Beitrag Nr.: 37.498.966 von hbg55 am 01.07.09 11:10:39

...gründe DAFÜR sind in der brandakt. pres. zusammengefaßt....nicht
zuletzt die sehr moderate MK von knapp 9,- cad mios !!!!


http://www.forumuranium.com/i/pdf/ForumPresentation2009.pdf

[hbg55]

...das 1. HJ 2009 konnte trotz aller widrigkeiten als ´guter´
VERDOPPLER abgeschlossen werden.....und auch die 2. hälfte
sehe ICH seeehr chancenreich !!!

[Fantomas96]

Uran steigt weiter, langsam, aber stetig:

June 22, 2009

Spot: US$54.00/lb (+1.00)



FANTOMAS