Forte Energy holds four Uranium Prospecting Permits in the Republic of Guinea, West Africa. The permits for Uranium and Rare Earth Elements cover 847 square kilometres over two separate concession areas – Firawa and Bohoduo.
Firawa
Previous partial exploration in the 1980s by Davy McKee identified a five-kilometre anomaly lying in an east-west direction at the Firawa prospect. An initial drilling program was successfully completed during May 2007. This program comprised 29 Reverse Circulation (RC) drill holes over 1,809 metres, targeting a highly prospective two-kilometre section within Forte Energy’s licences.
Final assay results included intersections of:
- 12m @ 771ppm U3O8 (including 1m @ 995ppm U3O8)
- 10m @ 652ppm U3O8 (including 1m @ 1,325ppm U3O8), and
- 5m @ 749ppm U3O8 (including 1m @ 1,020ppm U3O8).
A follow-up diamond drilling program commenced in December 2008, targeting a JORC-compliant resource estimate for Firawa. The initial 4,000 metre program was increased to 5,859 metres based on encouraging initial results.
Firawa Resource *:
Using a cut-off grade of 100ppm U3O8, the initial uranium Inferred Resource estimate is 17.7Mt grading 296ppm U3O8 for 11.6 million pounds of contained U3O8. The resource, which was independently estimated and verified by Coffey Mining Pty Ltd, is summarised below using a range of different cut-off grades:
| Cut off (U3O8 ppm) | Mt | Grade (U3O8 ppm) | U3O8 (M lbs) |
|---|---|---|---|
| 100 | 17.7 | 296 | 11.6 |
| 200 | 14.1 | 329 | 10.2 |
| 300 | 7.7 | 396 | 6.7 |
| 400 | 2.9 | 475 | 3.0 |
Further drilling is planned to test for extensions to the deposit - which remains open along strike and down dip. Drilling is expected to commence early 2011, with a brief RC phase to prove strike and depth extensions, followed up by a major diamond drilling programme over the remainder of the field season with the objective of calculating an updated resource during 2011.
Encouraging metallurgical test results have been received from Firawa Project samples and indicate potential for economic recovery from leaching. studies continue to provide greater guidance on the likely processing route, which when complete should allow us to commence preliminary scoping studies in early 2011.
Rare Earth Elements:
Metallurgical testing of several drilling samples from Firawa Project has also indicated the presence of Rare Earth Elements (REE), with a programme currently underway to re-assay previous drilling samples with the objective of obtaining a JORC Code compliant REE resource at Firawa during H2 2011 in addition to the existing uranium resource. Preliminary results from the REE re-assay project suggest that the REE may prove to be a valuable complement to our substantial uranium resources at Firawa.
Bohoduo
Previous ground work and uncompleted diamond drilling by Davy McKee targeted a 700-metre long, irregular uranium anomaly at Bohoduo. Forte Energy has confirmed the presence of uranium mineralisation, and airborne geophysical data indicates a 12-kilometre long extension of the anomaly to the east.
An initial drilling program was carried out during May 2008. While the results were promising, Forte is currently focusing on its more advanced projects at Firawa and also in Mauritania.
* The information in this report that relates to the Mineral Resource at Firawa in Guinea is based on information compiled by Mr. Bosse Gustafsson of Forte Energy NL and Mr. Doug Corley of Coffey Mining Ltd. Mr. Gustafsson and Mr. Corley have sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which they have undertaken to qualify as a Competent Person as defined in the 2004 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr. Gustafsson and Mr. Corley consent to the inclusion in this report of the matters based on their information in the form and context in which it appears.
Guinea Results
| Date | Name | Filesize |
|---|---|---|
| Jul. 2011 | Further Positive Results in Final REE Assays from Firawa, Guinea | (204 KB) |
| Jul. 2011 | Further Positive REE Assay Results for Firawa Project in Guinea | (173 KB) |
| May. 2011 | Rare Earth Elements assay results from Firawa, Guinea | (182 KB) |
| Jan. 2011 | A238 Assay Results and Exploration Update, West Africa | (634 KB) |
| Dec. 2010 | Rare Earth Assay Results, Republic of Guinea | (77 KB) |
| May. 2010 | Positive Metallurgical Results for Firawa | (493 KB) |
| Jul. 2009 | Firawa Maiden JORC Resource | (3 MB) |
| Jun. 2009 | Firawa Assay Results - 2008 Drilling | (324 KB) |
| Sep. 2007 | Firawa Assay Results - 2007 Drilling | (165 KB) |
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