Forum Energy Metals Corp. (TSXV: FMC) (OTCQB: FDCFF) started drilling at its Aberdeen Project in the Thelon Basin in Nunavut.
The company said on Tuesday that its plans included approximately 10,000 meters over 25-30 drill holes within the Tatiggaq anomaly, and also 10 holes in the highly prospective Ned, Bjorn and Qavvik projects.
The current understanding of uranium mineralization within the Tatiggaq deposit identifies two zones – the Main and West Zones – located at depths between 80 and 180 meters.
The team intends to use the 2023 processed and modelled Ambient Noise Tomography (ANT) survey data to outline high-priority drill targets.
The processed ANT data on Ned has outlined the unconformity depth as well as potential faults and alteration that will be targeted in the upcoming drilling program.
A series of high-grade subparallel, steep, south-dipping fault zones, sitting within a 50 m wide area, host the mineralization. The company is focusing its 2024 targets on extending the Tatiggaq West and Main zones. It’s also evaluating the mineralization potential along the trend within the 0.7 km wide by 1.5 km long Tatiggaq gravity anomaly.
Forum has 3D modelled several ENE-trending, subvertical faults, including the uranium-hosting Tatiggaq Fault, using the ANT data. They use the fault traces and areas of abrupt velocity contrast to refine drill targeting. The ANT data refines targeting at the Ned and Bjorn grids, allowing for the modelling of the Thelon sandstone-basement contact and possible zones of fault development and hydrothermal alteration.
Read more: ATHA Energy receives approval for TSX Venture listing; Latitude shareholders authorize acquisition
Read more: ATHA Energy hires knowledgeable senior vice president of business development
The Thelon Basin offers strong uranium development
Like the rest of the Thelon Basin, the Tatiggaq deposit has strong potential for uranium development due to its favourable geology and significant historical exploration.
Its geological features are similar to those in the Athabasca Basin, which hosts some of the world’s richest uranium mines. The basin’s ancient rocks and overlying sedimentary layers create ideal conditions for high-grade uranium deposits.
ATHA Energy Corp (TSXV: SASK) (FRA: X5U) (OTCQB: SASKF) is one such company. It recently acquired the Angilak Deposit through a deal with Latitude Uranium Inc. The company focuses on acquiring, exploring, and developing uranium resource properties to contribute to a clean energy future.
The project sports extensive uranium mineralization and shares geological features with the Athabasca Basin.
Additionally, Greenridge Exploration Inc. (CSE: GXP) (FRA: HW3) owns and operates the Nut Lake Property in the Thelon Basin. The project is bounded by two basins marking an unconformity that has garnered global attention for uranium exploration. The Nut Lake Property has the potential to host unconformity vein and breccia-type uranium-bearing systems.
ATHA Energy Corp. is a sponsor of Mugglehead news coverage
