FORTE ENERGY A238 Assay results and Exploration Update

FORTE ENERGY A238 Assay results and Exploration Update

Highlights

  • Data from a further 17 holes at A238 uranium anomaly reveals mineralisation in line with initial results announced on 23 December 2010
  • To date, data from 27 of 120 holes has been processed
  • First group of drill holes from the main high grade zone being processed at laboratory
  • Correction to the Rare Earth Element (REE) assay results significantly increases the total REE concentration for four of the five samples at the Company’s Firawa project, Guinea

International uranium company Forte Energy NL announces the second group of assay results from its A238 uranium anomaly in the north of the Company’s leases in Mauritania, in addition, to an exploration update on the Rare Earth Element (REE) assay results announced on its Firawa project, Guinea.
 
A238 project, Mauritania
The Company is pleased to release drilling results from a further 17 holes from the recently completed 7000m Reverse Circulation (RC), 120 hole, drilling programme on its leases in northern Mauritania.
 
As with the first set of assay drill results, announced on 23 December 2010, most of the RC holes included in this group of assays were focussed on shallow definition of the northern strike extensions with only one hole (238RC75) being in the main high grade zone.
 
Two further groups of samples are at the laboratory now with results expected in the near future. To date, results from 27 holes out of 120 drilled have been processed and subsequently announced.
 
Sufficient drilling, assay and radiometric data are now available to begin more detailed geological interpretation of the geology of the A238 anomaly.  Data from all holes have been compiled into a central database (including holes for which assays have yet to be received) with section presentations available for download from the Company’s website.
 
A more detailed study of the origins of this high grade core will be undertaken as part of the resource modelling process once all assays are received. Preliminary indications reveal the presence of a plunging shoot at A238, regional work is now focussing on looking for repetitions of similar structural settings along the +300km of strike length that the Company has under lease.
 
Forte Energy Managing Director Mark Reilly commented, “Initial interpretation has confirmed previous views that A238 is comprised of a thick, high grade core within a long, low grade mineralised structure.  To date, data from 27 holes has been received from a total of 120 drilled and we look forward to the results from the first group of drill holes from the main high grade zone of A238, which are currently being processed at the laboratory. Diamond drilling on A238 continues and remains on track to be completed early in Q1.”

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