Rio Tinto Reports Positive Drill Results from Forum's Janice Lake Copper/Silver Project

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Algemeen advies 01/10/2019 15:52
Vancouver, British Columbia--(Newsfile Corp. - October 1, 2019) - Forum Energy Metals Corp. (TSXV: FMC) ("Forum") is pleased to announce that it has received positive assay results from the first two holes drilled by Rio Tinto Exploration Canada ("RTEC") on its Janice Lake sedimentary-hosted copper project. Copper mineralization has been significantly expanded along strike and down dip from the initial drilling success by Forum on the Jansem showing last year. Highlights from the first two holes are:
JANL0002 - 0.38% Cu and 2.1g/t Ag over 44.78 metres from 45.22m to 90m, including 0.71% Cu and 4.2g/t Ag over 18 metres from 72m to 90m.
JANL0001 - 0.18% Cu over 63 metres from 19m to 82m
Rio Tinto Exploration Canada completed 21 holes totalling 5,209 metres this summer under an Option Agreement to earn an 80% interest in the Janice Lake project by spending $30 million in exploration. Nine holes have been completed on the Jansem target, nine on the Janice target and three on the Kaz target (Figure 1). Results from the remaining holes will be reported once received from RTEC.

Drill Hole Summary (Figure 2 & Table 1)

Hole JANL0001 was drilled to a depth of 261 metres and intersected 0.18% Cu over a 63 metre interval between 19m and 82m. It is located approximately 100m to the north-northwest of FEM-01 to intersect mineralization down dip from the intercept drilled by Forum last summer of 18.5 m (59.0 to 77.5m downhole depth) grading 0.94% Cu and 6.7 g/t Ag including 5.2 metres grading 2.22% Cu and 16.5 g/t Ag.
Hole JANL0002 was drilled to a depth of 219 metres and intersected 0.38% Cu and 2.1 g/t Ag over a 44.78 metre interval between 45.22m and 90m in depth, including 0.71% Cu and 4.2 g/t Ag over an 18 metre interval between 72m and 90m. It is located 150m along strike to the southwest of FEM-01.
With these first two drill holes, the mineralized zone at Jansem is now a minimum of 294m in strike length, 130m in width, and with an estimated true thickness varying from several metres to more than 50m. Drill holes were orientated to crosscut the stratigraphy as close as possible at right angles, as the interpretation is that the copper is mostly stratabound.
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