Forum Energy Metals (TSXV:FMC,OTCQB:FDCFF) President and CEO Richard Mazur and Vice President of Exploration Dr. Rebecca Hunter imagine the corporate’s Nunavut uranium undertaking within the Thelon Basin hosts deposits just like what might be discovered within the Athabasca Basin.
“The Thelon Basin is a big sandstone basin, similar to the Athabasca, so roughly it’s the identical kind, and it’s additionally the identical age — 1.7 billion years outdated. They usually overlie … the basement rocks, beneath the sandstone basin; they’re of comparable age too, and character,” Dr. Hunter defined.
“And the most important and a very powerful similarity is that you’ve got these massive fault zones, and it’s the fault zones that channel the fluids and precipitate uranium, and the Thelon Basin has very related constructions that the Athabasca does.”
The corporate is embarking on a drilling marketing campaign on the Nunavut undertaking following a latest C$2 million non-brokered private placement financing.
Mazur mentioned the Thelon Basin is certainly one of three basins on this planet with an financial uranium deposit. “We imagine that this undertaking up in Nunavut within the Thelon Basin generally is a transformative undertaking for the corporate … all we’ve to do is get in there and drill it. However we really feel very assured that there are some very huge uranium deposits to be present in Nunavut on our Thelon undertaking.”
Watch the complete interview above with Richard Mazur, president and CEO of Discussion board Power Metals, and Dr. Rebecca Hunter, vice chairman of exploration.
Disclaimer: This interview is sponsored by Forum Energy Metals (TSXV:FMC,OTCQB:FDCFF). This interview gives info which was sourced by the Investing Information Community (INN) and permitted by Forum Energy Metals with the intention to assist buyers study extra concerning the firm. Forum Energy Metals is a shopper of INN. The corporate’s marketing campaign charges pay for INN to create and replace this interview.
INN doesn’t present funding recommendation and the knowledge on this profile shouldn’t be thought of a advice to purchase or promote any safety. INN doesn’t endorse or suggest the enterprise, merchandise, companies or securities of any firm profiled.
The data contained right here is for info functions solely and isn’t to be construed as a proposal or solicitation for the sale or buy of securities. Readers ought to conduct their very own analysis for all info publicly accessible in regards to the firm. Prior to creating any funding choice, it is suggested that readers seek the advice of instantly with Forum Energy Metals and search recommendation from a certified funding advisor.
This interview might comprise forward-looking statements together with however not restricted to feedback concerning the timing and content material of upcoming work applications, receipt of property titles, and so forth. Ahead-looking statements handle future occasions and situations and subsequently contain inherent dangers and uncertainties. Precise outcomes might differ materially from these presently anticipated in such statements. The issuer depends upon litigation safety for forward-looking statements. Investing in corporations comes with uncertainties as market values can fluctuate.
Forum Energy Metals (TSXV:FMC,OTCQB:FDCFF) President and CEO Richard Mazur and Vice President of Exploration Dr. Rebecca Hunter imagine the corporate’s Nunavut uranium undertaking within the Thelon Basin hosts deposits just like what might be discovered within the Athabasca Basin.
“The Thelon Basin is a big sandstone basin, similar to the Athabasca, so roughly it’s the identical kind, and it’s additionally the identical age — 1.7 billion years outdated. They usually overlie … the basement rocks, beneath the sandstone basin; they’re of comparable age too, and character,” Dr. Hunter defined.
“And the most important and a very powerful similarity is that you’ve got these massive fault zones, and it’s the fault zones that channel the fluids and precipitate uranium, and the Thelon Basin has very related constructions that the Athabasca does.”
The corporate is embarking on a drilling marketing campaign on the Nunavut undertaking following a latest C$2 million non-brokered private placement financing.
Mazur mentioned the Thelon Basin is certainly one of three basins on this planet with an financial uranium deposit. “We imagine that this undertaking up in Nunavut within the Thelon Basin generally is a transformative undertaking for the corporate … all we’ve to do is get in there and drill it. However we really feel very assured that there are some very huge uranium deposits to be present in Nunavut on our Thelon undertaking.”
Watch the complete interview above with Richard Mazur, president and CEO of Discussion board Power Metals, and Dr. Rebecca Hunter, vice chairman of exploration.
Disclaimer: This interview is sponsored by Forum Energy Metals (TSXV:FMC,OTCQB:FDCFF). This interview gives info which was sourced by the Investing Information Community (INN) and permitted by Forum Energy Metals with the intention to assist buyers study extra concerning the firm. Forum Energy Metals is a shopper of INN. The corporate’s marketing campaign charges pay for INN to create and replace this interview.
INN doesn’t present funding recommendation and the knowledge on this profile shouldn’t be thought of a advice to purchase or promote any safety. INN doesn’t endorse or suggest the enterprise, merchandise, companies or securities of any firm profiled.
The data contained right here is for info functions solely and isn’t to be construed as a proposal or solicitation for the sale or buy of securities. Readers ought to conduct their very own analysis for all info publicly accessible in regards to the firm. Prior to creating any funding choice, it is suggested that readers seek the advice of instantly with Forum Energy Metals and search recommendation from a certified funding advisor.
This interview might comprise forward-looking statements together with however not restricted to feedback concerning the timing and content material of upcoming work applications, receipt of property titles, and so forth. Ahead-looking statements handle future occasions and situations and subsequently contain inherent dangers and uncertainties. Precise outcomes might differ materially from these presently anticipated in such statements. The issuer depends upon litigation safety for forward-looking statements. Investing in corporations comes with uncertainties as market values can fluctuate.
