ASSAY RESULTS CONTINUE TO IMPRESS AT FIRAWA URANIUM PROJECT – GUINEA, WEST AFRICA
INITIAL JORC RESOURCE TO BE FINALISED IN AROUND 3 WEEKS
- Majority of assay results now received from resource drilling completed in January at Firawa Uranium Project, West Africa
- Preparation of initial JORC Code-compliant resource for Firawa on track to be finalised in around 3 weeks.
- $6.6m raised 9 June 2009 in first tranche of $10m placement ~ remainder subject to shareholder approval at a General Meeting to be held on 10 July 2009.
International uranium company Forte Energy NL (FTE) is pleased to advise that it has now received the majority of lab assay results from the +5,800 metre resource drilling programme undertaken at the Company’s Firawa Uranium Project, located in the Republic of Guinea, West Africa.
The drilling programme, which was completed in January, followed on from initial drilling at the project in May 2007, which identified a potentially significant zone of uranium mineralisation over a 2km strike length. This zone was the subject of the recently completed resource drilling programme which has so far returned excellent grades and widths of U3O8.