2023-05-08 16:00:00 ET
Forum Energy Metals (TSXV:FMC,OTCQB:FDCFF) President and CEO Richard Mazur and Vice President of Exploration Dr. Rebecca Hunter believe the company’s Nunavut uranium project in the Thelon Basin hosts deposits similar to what can be found in the Athabasca Basin.
“The Thelon Basin is a large sandstone basin, just like the Athabasca, so more or less it’s the same type, and it’s also the same age — 1.7 billion years old. And they overlie … the basement rocks, underneath the sandstone basin; they’re of similar age too, and character," Dr. Hunter explained.
“And the largest and the most important similarity is that you have these large fault zones, and it’s the fault zones that channel the fluids and precipitate uranium, and the Thelon Basin has very similar structures that the Athabasca does.”
For further details see:
Forum Energy Metals Optimistic About Potential of Thelon Basin for Uranium Exploration