Vancouver, British Columbia--(Newsfile Corp. - December 3, 2019) - Forum Energy Metals Corp. (TSXV: FMC) ("Forum") is pleased to announce that it has received final assay results from the remaining 12 drill holes completed at the Jansem, Janice, and Kaz targets within the Company's Janice Lake sedimentary copper project (Figure 1). Multiple, thick, flat lying chalcocite mineralized horizons from surface have been intersected on the property.
Highlights
Jansem - JANL0016 intersected 51.8m grading 0.57% Cu and 1.50 g/t Ag (116.2m to 168m), including 9.1m of 1.09% Cu and 1.39 g/t Ag (118.9m to 128m) and 5.0m grading 1.32% Cu and 3.42 g/t Ag (139.0m to 144.0m).
Nine holes have delineated copper mineralization for 650 metres long by 200 metres wide by thicknesses up to 66 metres. The Jansem Target remains open to the southwest and northeast, and at depth.
Janice - JANL0007 intersected 22m grading 0.37% Cu and 2.82 g/t Ag (185.0m to 207.0m).
Nine holes have delineated copper mineralization for 1.2 kilometres long by 400 metres wide by thicknesses up to 57 metres. The Janice Target remains open to the southwest and northeast, and at depth.
This first phase of drilling completed by Rio Tinto Exploration Canada (RTEC) has successfully confirmed and extended copper mineralization at the Jansem and Janice targets. Forum and RTEC's technical teams are reviewing the drill data and a more thorough analysis and interpretation of results are forthcoming.
Rick Mazur, President & CEO commented, "Drilling by Rio Tinto intersected thick zones of flat lying, stratabound chalcocite and native copper mineralization with good continuity and near-surface grades. Deeper drilling has demonstrated that multiple horizons of copper mineralization are present. We are gaining confidence that Janice Lake is a strongly mineralized system, as new data generated by this program helps us to understand the full potential of this 52km long sedimentary copper basin."
Jansem Target Drillhole Summaries (Table 1)
Drilling intersected several layers of copper mineralization, starting from 11 metres to a maximum downhole depth of 220 metres. Estimated true thickness varies from several metres to more than 60m. Drill holes were orientated to crosscut the stratigraphy as close as possible at right angles, as the copper is interpreted to be mostly stratabound.
Hole JANL0014 was drilled to a depth of 189 metres and intersected a 66 metre zone of copper mineralization starting at surface within psammitic to psammo-pelitic gneisses and conglomerates, and continuing down to 77 metres. This hole is part of a two-hole fence with JANL0015, which were designed to test the along-strike and down-dip extensions of copper mineralization intersected in JANL0002.
Hole JANL0016 was drilled to a depth of 252 metres but was orientated to the NW instead of the SE like all the other holes in this program. Strong and continuous copper mineralization was intersected from 116m to 168m.This hole intersected the upper section of the Rafuse Fm and encountered calc-silicates in the upper part of the hole, then psammo-pelitic gneisses.
Hole JANL0017 was collared approximately 600m to the southwest of JANL0016, drilled to a depth of 287.5 metres and is the south-westernmost hole of the season. The presence of calc-silicates throughout the hole suggests that it is located in the upper Rafuse Fm. No mineralization was noted.
Hole JANL0019 was drilled to a depth of 186 metres and is the northernmost hole on the Jansem target, aiming at a small magnetic high that is not connected with the main Jansem zone. The hole intersected mainly barren meta-conglomerates.
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