- TAT23-002 (Main Zone) converged 2.25% U 3 O 8 over 11.1 m (from 148.5 – 159.6 m) consisting of:
1.35% U 3 O 8 over 1.7 m (148.5 – 150.2 m)
3.32% U 3 O 8 over 3.1 m (152.2 – 155.3 m)
7.27% U 3 O 8 over 1.5 m (156.9 – 158.4 m)
- TAT23-001 (Main Zone)- bad healing in the mineralized zone did not yield product for assay. The downhole radiometric probe logged raised radioactivity from 156 metres to 168 metres with a top-quality zone from 163 metres to 166 metres (as much as 36,000 cps).
- Assay arises from TAT23-003 and TAT23-004 into the Tatiggaq West zone are pending. Uranium mineralization takes place over 24 metres and 18 metres respectively. Geochemical outcomes are pending for the NED23-001 target, a 2 x 2 kilometre gravity anomaly in Thelon sandstone overlying basement rocks- a timeless unconformity contact target.
Dr. Rebecca Hunter, Online forum’s VP, Expedition specified, “Online forum’s drill program effectively reveals the capacity of the Tatiggaq deposit to be a considerable brand-new discovery in the Thelon Basin. The grades and widths converged at the Main and West zones surpassed our expectations in both grade and level. Based upon the brand-new drilling, the top-quality zone at Tatiggaq Main is not cut off and is open along strike. Tatiggaq West has actually revealed that the mineralized zone is over 20 m thick up until now andneeds to be additional drilled along strike and to the north and south to mark additional top-quality lenses. Our drilling has actually shown that this job is a fertile location to host significant, yet to be found, unconformity-related uranium deposits.”
Tatiggaq
Figure 1 reveals the primary east-northeast structures (Thelon and Judge Sissons faults) in addition to the various, sub-parallel subsidiary east-northeast structures translated to manage uranium mineralization on Orano’s and Online forum’s home. Figure 2 is a strategy map of the Tatiggaq gravity abnormality and drill location.
TAT23-001 and TAT23-002 were developed to target the Tatiggaq Main zone from the southeast to converge the traditionally drilled location to identify the level of the mineralization and to drill it at a real angle, thus additional validating the structural controls. Drilling validates that the deposit is open along strike to the northeast. TAT23-002 converged:
2.25% U 3 O 8 over 11.1 m (from 148.5 – 159.6 m) consisting of:
1.35% U 3 O 8 over 1.7 m (148.5 – 150.2 m)
3.32% U 3 O 8 over 3.1 m (152.2 – 155.3 m)
7.27% U 3 O 8 over 1.5 m (156.9 – 158.4 m)
Figure 3 reveals drill core from the TAT23-002 mineralized area. The uranium mineralization exists along steep-dipping fracture and breccia zones in unique top-quality lenses and is hosted within rotating lowered gray sulphide-altered zones and oxidized hematite-altered zones.
The core in the mineralized zone in TAT23-001 was entirely lost due to drilling problems. A downhole radiometric log of the hole found radioactivity from 156 metres to 168 metres varying from 500 cps to 36,000 cps utilizing a Mount Sopris 2GHF-1000 Triple Gamma probe.
TAT23-003 and TAT23-004 targeted the Tatiggaq West zone in between historic drill holes in order to infill and extend the mineralized zone. The holes were drilled to the northwest and were 50 m apart. Assessment of drill core and radioactivity from hand-held scintillometer readings have actually recognized uranium mineralization over 24 metres and 18 metres in TAT23-003 and TAT23-004, respectively. Assay outcomes are pending. It effectively converged extra top-quality mineralization and strong change recommending that the mineralized zone can be additional defined down and up dip, in addition to to the north and south to completely converge all the sub-parallel lenses.
Tatiggaq Analysis
Mineralization within the Tatiggaq deposit includes 2 zones – the Main and West zones and lies at depths in between 80 and 180 m. The mineralization is hosted in a series of top-quality subparallel, high, south-dipping fault zones that sit within a 50 m large location. Specific top-quality mineralized structures depend on 10 m in width. The strike level of the Main Zone is at least 60 m however is open to the northeast and the West Zone is now 150 m in strike length and is open to the southwest. Additional delineation is needed in between the 2 zones to identify if they are linked. In addition, the whole 0.7 km large by 1.5 km long Tatiggaq gravity abnormality stays open for extra uranium mineralization both along strike of the recognized zones however likewise along various sub-parallel fault zones to the north, northeast, and south.
Table 1 2023 Drill Hole Data (UTM collar collaborates remain in information WGS84 Zone 14N.)
| Hole ID | Target | Easting | Northing | Depth | Dip/Azimuth |
| TAT23-001 | Tattigaq | 548919 | 7135454 | 234.0 | -75 °/ 310 ° |
| TAT23-002 | Tattigaq | 548919 | 7135454 | 176.0 | -72 °/ 325 ° |
| TAT23-003 | Tattigaq West | 548757 | 7135335 | 206.0 | -64 °/ 310 ° |
| TAT23-004 | Tattigaq West | 548817 | 7135349 | 210.0 | -64 °/ 310 ° |
| NED23-001 | Ned(* )555480 | 7146319 | 165.0 | -80 °/ 310 ° | Table 2 U |
3 O 8 assay results for TUR23-002 utilizing a 0.01% cutoff. Hole ID
| U3O8 _% | Interval_m | From_m | To_m | TAT23-002 |
| 2.25 | 11.1 | 148.5 | 159.6 | consisting of |
| 1.35 | 1.7 | 148.5 | 150.2 | waste period |
| 2.0 | 150.2 | 152.2 | consisting of | |
| 3.32 | 3.1 | 152.2 | 155.3 | consisting of |
| 0.28 | 1.6 | 155.3 | 156.9 | consisting of |
| 7.27 | 1.5 | 156.9 | 158.4 | consisting of |
| 0.94 | 1.0 | 158.6 | 159.6 | Ned |
Composite geochemical outcomes for drill hole NED23-001 are pending. The Ned gravity abnormality is 2 km x 2 km in size and lies along the significant east-northeast-trending Thelon Fault. The location is located within the Thelon Development sandstone, which overlies potential basement rock and the abnormality represents a more conventional “unconformity contact” target. Sadly, the hole was lost at 165 metres in clay-altered Thelon sandstone, a common change function of big uranium deposits in the Athabasca Basin. This abnormality will be the focus of extra drill screening throughout Online forum’s prepared 2024 drill program.
* Source: Areva Resources Canada Inc., The Kiggavik Task, Task Proposition, November 2008 and Kiggavik Popular Summary, April, 2012 submission to the Nunavut Effect Evaluation Board.
Quality Assurance/Quality Control
Geochemical analysis was carried out at the Saskatchewan Research Study Council Geoanalytical Lab in Saskatoon, Saskatchewan. Methodical 10cm split (basement) and composite 10m chip samples (sandstone) were evaluated utilizing ICP-MS Expedition Bundle for sandstone and basement rocks (ICP-MS1 and 2). Assay samples were evaluated utilizing the ICP-OES plan (ICP1) with the addition of the U
3 O 8 wt% assay analysis. Mineralized samples were divided into half core samples varying from 10 to 50 cm in density other than shoulder areas were in your area as much as 90 cm and all samples were organized based upon comparable radioactivity utilizing a hand-held scintillometer. Duplicates were taken every 20 m and were within appropriate limitations for field rock samples. Rebecca Hunter, PhD., P.Geo., Online forum’s Vice President of Expedition and Qualified Individual under National Instrument 43-101, has actually evaluated and authorized the contents of this press release.
Figure 1 The Thelon Basin is a geologic analogue to the Athabasca Basin in Saskatchewan. Orano’s uranium deposits are along the exact same managing structures as Online forum’s Tatiggaq deposit and over 20 other targets exist within the job, which might host extra uranium deposits comparable to the Athabasca Basin.
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Figure 2 The Tatiggaq gravity anomaly revealing the place of the Tatiggaq West and Main zones, historic drilling and the 2023 drill holes. Numerous of the historic drill holes have anomalous uranium worths that need follow-up drilling.
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Figure 3 TAT23-002 drill core from the mineralized area (147.1 to 161.0 m). Scintillometer readings are composed on the core boxes in counts per 2nd and were determined utilizing a digital, hand-held CT-007M scintillometer by Environmental Instruments Canada Inc.
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About
Online Forum Energy Metals Online Forum Energy Metals Corp.
( TSXV: FMC) (OTCQB: FDCFF) is a varied energy metal business with uranium, copper, nickel, and cobalt jobs in Saskatchewan, Canada’s Primary Ranked mining province for expedition and advancement, a tactical uranium land position in Nunavut and a tactical cobalt land position in the Idaho Cobalt Belt. For additional details:
https://www.forumenergymetals.com This news release consists of positive declarations. Positive declarations resolve future occasions and conditions and for that reason include intrinsic dangers and unpredictabilities. Real outcomes might vary materially from those presently prepared for in such declarations. Positive details goes through recognized and unidentified dangers, unpredictabilities and other elements that might trigger Online forum’s real outcomes, level of activity, efficiency or accomplishments to be materially various from those revealed or indicated by such positive details. Such elements consist of however are not restricted to: unpredictabilities associated with the historic information, the work expense dedications; the capability to raise enough capital to money future expedition or advancement programs; modifications in financial conditions or monetary markets; modifications product rates, lawsuits, legal, ecological and other judicial, regulative, political and competitive advancements; technological or functional problems or a failure to get licenses needed in connection with preserving or advancing its expedition jobs.
ON BEHALF OF THE BOARD OF DIRECTORS
Richard J. Mazur, P.Geo.
President & & CEO
Neither the TSX Endeavor Exchange nor its Policy Provider Service Provider (as that term is specified in the policies of the TSX Endeavor Exchange) accepts obligation for the adequacy or precision of this release.
For additional details contact:
Rick Mazur, P.Geo., President & & CEO
[email protected]
Tel: 604-630-1585
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