Forte Energy holds twoUranium Prospecting Permits in the Republic of Guinea, West Africa. The permits for Uranium and Rare Earth Elements cover 286 square kilometres forming the Firawa prospect.
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.
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. A further 4,412m of RC drilling was completed in February 2012 to test for extensions to the deposit and to test a central section not accessible during previous drilling campaigns.
Firawa Resource *:
An initial uranium Inferred Resource estimate for Firawa of 17.7Mt grading 296ppm U3O8 for 11.6 million pounds of contained U3O8 (100ppm cut-off) was announced in July 2009. After obtaining assay results from the February 2012 drilling, a revised JORC code compliant Inferred resource of 30.3Mt at an average grade of 295ppm U3O8 containing 19.5Mlbs of U3O8 (100ppm cut-off).
|Mt||Grade (U3O8 ppm)||U3O8 (M lbs)|
(At 100ppm U3O8 cut-off)
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.
* The information in this report
that relates to the reporting of Mineral Resources is based on
information compiled or reviewed by Mr. Galen White, who is a
Fellow of the Australasian Institute of Mining and Metallurgy
(FAusIMM). Mr White is the Principal Geologist of CSA Global (UK)
Ltd. CSA Global have an on-going role as geological consultants to
Forte Energy NL. Mr. White has sufficient experience which is
relevant to the style of mineralisation and type of deposit under
consideration and to the activity which he is undertaking 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. White consents to the inclusion in
this report of the matters based on his information in the form and
context in which it appears.
|Jul. 2012||68%Increase in Firawa Uranium Resource, Guinea||(2 MB)|
|Jul. 2012||Encouraging Initial Assay Results from Bohoduo, Guinea||(1 MB)|
|Apr. 2012||Encouraging Initial Assay Results in Guinea||(2 MB)|
|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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