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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 delivers maiden uranium resource at Firawa Project in Guinea

Wednesday, July 01, 2009 by Proactive Investors

Internationally based uranium developer, Forte Energy (ASX: FTE; AIM: FTE) has inked a maiden JORC Compliant resource at Firawa Uranium Project in Guinea, West Africa.

The initial inferred resource estimate is 17.7 milion tonnes grading 296ppm U308 for 11.6 million pounds of contained U308. It was prepared by independent consultant, Coffey Mining.

Forte said it was encouraged by the significant scope for increases to the initial resource estimate for the Firawa Project. This was due to the bulk density testing currently underway and from further drilling which has been recommended to test for extensions to the deposit.

Importantly, the deposit remains open along strike and down dip.

To date, bulk density tests on five samples returned an average of 3.5 t/m3. If a more conservative figure of 2.2t/m3 is used in resource calcualation, the estimated U308 resource would increase.

Forte Managing Director Mark Reilly said the Firawa Project is now the most advanced of its uranium exploration projects in Guinea. It represents "a significant milestone towards the company's development and production goals."

Drilling is scheduled to commence in Mauritania this quarter. Forte has entered a Co-operative Agreement with Areva for tenement permits in Mauritania, covering nine exploration permits, covering 11,900 sq km.

An initial JORC uranium resource estimate for Mauritania is due later this year.

With a substantial drilling program, there is likely to be a pipleine of positive updates and assay results.

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