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Additional Information

Market:	ASX / AIM
Sector:	General Mining
EPIC:	FTE
Latest Price:	0.06 (5.00% )
52-week High:	0.15
52-week Low:	0.02
Market Cap:	43.82M

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Forte Energy Full Forte Energy profile here

Forte Energy (ASX: FTE) is an Australian-based minerals company focused on the exploration, evaluation and development of uranium and energy-related projects worldwide.

Forte Energy has secured an extensive portfolio of uranium projects in the Republics of Guinea and Mauritania in West Africa, where it is pursuing intensive exploration programs. The Company also holds copper and cobalt interests in Queensland and Western Australia, Australia.

Forte Energy releases assay results from Firawa Uranium Project drilling campaign

Thursday, June 11, 2009

West African focused uranium explorer, Forte Energy (ASX & AIM: FTE) reported significant grades and widths of uranium mineralisation from a recently completed 5,800 metre drilling programme at the Firawa Uranium Project in the Republic of Guinea.

The company is active on a number of highly prospective projects at various stages of development, but the Firawa Project is arguably the company’s most significant asset in Guinea.

Drilling highlights were aplenty, with 56 holes completed to an average length of 104 metres, with all of the holes drilled between 80 meters and 154 metres in depth. Drilling was targeted at mineralisation hosted in deep lateritic clays present along a tectonic structure. Several holes also intersected mineralisation in the underlying alkaline and strongly cataclastic granite bedrock, the company noted.

Interestingly, not only did Forte report noteworthy grades in many of the holes, but the widths of the mineralisation were also highly encouraging. 22 of the 56 holes reported average U308 mineralisation in excess of 251 parts per million (ppm) and as high 607 ppm from widths between 15 and 114 metres. Several 1 meters sections recorded uranium in excess of 1000 ppm. One of the better drill results emanated from drill hole 106 which cut 15 metres with an average grade of 603 ppm U308 from 43 meters, and included a 1 metre section at 1101 ppm.

The assay data will now be used to compile a maiden resource statement at Firawa, which Forte expects to have in approximately three weeks: “Forte, through its mining consultants Coffey Mining, remains on schedule to prepare the initial JORC Code-compliant uranium resource statement for Firawa in around three weeks, with all data from both the May 2007 drilling programme and the recently completed drilling
incorporated into the study.”

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