COPPER: Rio Tinto to begin drilling at Janice Lake

SASKATCHEWAN – Forum Energy Metals announced Tuesday that Rio Tinto Exploration Canada plans to begin in July both drilling and an airborne geophysical survey on Forum’s Janice Lake sedimentary copper project 55 km southeast of Key Lake. As part of its C$3 million commitment to exploration under the option to joint venture agreement announced in May, a comprehensive compilation of all exploration data has been completed, exploration permit applications have been submitted to the government of Saskatchewan, and helicopter and drill contracts have been signed. A helicopter-borne, high resolution magnetometer survey should begin in early July. The low level survey will be flown on 100-metre line spacings over the entire 5 km width and 52 km length of the property to define other targets for drilling. Two drills will be mobilized to the property in July for a planned 20 to 30 hole drill program totalling up to 7,000 metres. Initial drill targets continue to be defined with several high priority areas identified:

• Jansem – one of four holes drilled by Forum intersected 18.5 metres (true thickness of 18 metres) grading 0.94% copper and 6.7 g/t silver including 5.2 metres grading 2.22% copper and 16.5 g/t silver;
• Janice – Noranda drill hole PL-93-11 intersected 33 metres grading 0.77% copper;
• Kaz – Noranda drill hole PL-93-05 intersected 15.1 metres grading 0.32% copper; and
• Genie – Forum reports 0.76% copper across 10 metres of channel sampling.

This story first appeared on www.Mining.com.