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Forte reveals next batch of A238 uranium drill results and follow-up drill plans

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Forte Energy (LON:FTE, LON:FTE) released the next batch of drill results from the A238 uranium prospect in Mauritania, with grades reaching up to 456 parts per million uranium.

The results are from 17 drill holes of the recently completed reverse circulation drill programme. The company said that there are a still more results to come from a small number of holes, and they are expected imminently.

From this set of results the significant intersections range from 8 to 20 metres in length with between 215 and 456 parts per million uranium.

All the RC programme’s results will be incorporated into a maiden JORC compliant resource, along with the results of the ongoing diamond core drilling programme. Meanwhile a follow up drill programme will test A238’s recently discovered 'high grade shoot'.

It will drill between 6,000 - 7,000 metres of in-fill and extension drilling on the ‘high grade shoot’. The follow-up drilling designed to increase the size of the potential resource, and Forte believes it could allow it to report some of the resource in the indicated category.

Separately it plans to drill around 7,000 metres on some of its other priority uranium prospects.

Forte said that the current exploration programme is expected to be complete in the second quarter of 2011.

The company has been quite active in a fairly short period of time at A238. It began a 6,500 metre drill programme in October 2010 - with 5,000 metres of Reverse Circulation (RC) drilling and 1,500 metres of diamond drilling. Once this programme is completed, Forte will have drilled over 8,500 metres. 

After its last batch of results in February Forte said it has a clearer geological picture of A238. 

 

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