Forte Energy – A238 Assay results and Exploration Update, Mauritania

Forte Energy – A238 Assay results and Exploration Update, Mauritania

A238 Assay results and Exploration Update, Mauritania

  • 7,000m of RC drilling now complete with 1,500m diamond drilling program underway
  • Initial assay results received from 10 holes at A238 confirm mineralisation extends along strike north of the core of the main southern zone
  • Drilling suggests two distinct mineralised bodies, a large southern body roughly 1,800m in length, and a shorter and thinner northern body approximately 800m in length
  • Further assay results are expected to form the basis of a JORC compliant resource targeted for release during H1 2011

International uranium company (ASX/AIM: FTE; "Forte Energy" or "the Company") is pleased to announce initial assay results from drilling at its A238 uranium anomaly in the north of the Company's leases in Mauritania, as well as an exploration update from work on regional prospects.

The Company has completed a 7,000m RC drilling program at A238 and a 1,500m diamond drilling program is currently underway with completion expected next month. Results from the diamond drilling should allow the calculation of an initial JORC compliant resource at A238 in H1 2011.

As announced on 8 October 2010, the Company originally planned 5,000m of RC drilling at A238, however, positive results from the latter stages of this campaign required the program to be expanded; a total of 120 holes have been drilled.

As has also been announced previously, the Company has instituted a new assay system to improve what was previously an unacceptably slow assay turnaround timetable. Sample pre-preparation is now undertaken at a local facility in Mauritania, with samples then subsequently sent to Omac Laboratories in Ireland. Today's receipt of the assay results demonstrates this process has worked largely as planned and provides comfort that previous delays should not be repeated.

Forte Energy Managing Director Mark Reilly commented, "I am pleased to report the completion of the RC drilling at our A238 uranium prospect in Mauritania. These initial results are from the first pass shallow drilling along strike, and confirm the presence of mineralisation outside the core of the main southern zone. These results are encouraging both from the point of view of demonstrating that an extensive body of uranium mineralisation exists at A238, but also in demonstrating our accelerated assay process. We look forward to receiving further assay results from A238 which should form the basis for a maiden JORC resource in H1 2011."

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