Forte Energy NL
LSE : FTE
|
April 04, 2011 02:00 ET
Additiona Assays from A238 Uranium Prospect, Mauritania
FORTE ENERGY NL
ACN 009 087 852
ASX/AIM CODE: FTE
Telephone: +618 9322 4071, Fax: +618 9322 4073
ASX, AIM and Media Release
4 April 2011
Additional assay results from A238 uranium prospect, Mauritania
HIGHLIGHTS
* Assay results have been received from the final two RC holes drilled at the A238 uranium prospect, Mauritania
o Significant intersections from the RC drill holes include:
* 9m @ 271ppm U
* 6m @ 300ppm U
* Assay results received from the first four diamond drill holes at the A238 uranium prospect, diamond
drilling campaign to be completed in the second quarter of 2011
o Significant intersections from the diamond drill holes include:
* 48m @ 311ppm U
* 12m @347ppm U
* 10m @ 260ppm U
* 24m @ 457ppm U
* 9m @ 317ppm U
* 31m @ 413ppm U
* 20m @ 381m U
* Additional RC drilling completed at previously discovered 'high grade shoot' at A238 assay results
to be released imminently
* RC drilling campaign currently focusing on high priority regional targets within the Company's
exploration leases in Mauritania
* Forte Energy remains on track to release a preliminary maiden JORC compliant resource estimate for
A238, following the completion of the follow-up drilling programme before the end of the field season in Q2
2011.
International uranium company Forte Energy NL ("Forte Energy" or "the Company") (ASX: FTE, AIM: FTE) is pleased
to announce the assay results from the final two holes of the 7000m reverse circulation ("RC") drilling programme
and the assay results from the first four holes of the 1500m diamond drilling programme on the A238 uranium
prospect in northern Mauritania.
Table 1 below highlights the assay results received from the final two holes, of the 120 hole 7000m RC
drilling programme that was completed in December 2010.
Table 1 - A238 RC results [100ppm lower cutoff]
Hole UTM UTM AZIM DIP From To metres ppm U est ppm
Easting Northing U3O8
238RC77 283945 2771972 55 -50 33 34 1 172 203
38 40 2 209 246
42 44 2 117 138
238RC78 284023 2771965 55 -50 13 15 2 231 272
18 19 1 129 152
21 22 1 126 149
23 29 6 208 245
30 31 1 229 270
38 39 1 158 186
41 50 9 271 320
51 55 4 215 254
57 63 6 300 354
74 75 1 246 290
Please note that the interval lengths reported do not necessarily represent true widths.
Table 2 shows the assay results received from the first four of ten diamond drill holes from the 1500m
drilling programme that commenced in late 2010. The 1500m diamond drilling programme is due to be completed in
the second quarter of 2011.
Table 2 - A238 diamond drilling results
Hole UTM UTM AZIM DIP From To metres ppm U est ppm
Easting Northing U3O8
238DD01 284242 2771573 55 -60 35 36 1 179 211
38 41 3 261 308
45 49 4 137 162
71 119 48 311 367
120 122 2 141 166
159 160 1 157 185
161 162 1 132 156
238DD02 284301 2771491 55 -60 15 16 1 101 119
17 19 2 139 164
22 25 3 167 197
28 29 1 138 163
31 43 12 347 409
44 54 10 260 307
61 62 1 180 212
74 75 1 109 129
95 119 24 457 539
120 121 1 107 126
124 125 1 167 197
128 137 9 213 251
139 141 2 306 361
144 147 3 155 183
238DD03 284362 2771411 55 -60 26 30 4 299 353
32 41 9 317 374
43 45 2 406 479
46 50 4 359 423
52 53 1 212 250
56 60 4 388 458
61 62 1 163 192
66 68 2 201 237
70 76 6 512 604
78 82 4 273 322
105 136 31 413 487
179 180 1 100 118
238DD04 284434 2771340 55 -60 53 54 1 137 162
69 71 2 158 186
90 110 20 381 449
Please note that the interval lengths reported do not necessarily represent true widths.
As previously stated, Forte Energy remains on track to calculate a preliminary maiden inferred JORC compliant
resource estimate for the A238 uranium prospect in the second quarter of 2011 using the RC assay results
received from the completed 7000m RC drilling programme and the results received from the 1500m diamond drill
programme that is nearing completion.
Forte Energy has recently completed an RC extension drilling programme of approximately 1200m on the A238
prospect where the high grade main shoot was previously identified. This drilling campaign was designed to
increase the size of the potential resource to be reported as well as the confidence level, potentially
allowing some Indicated Resources to be reported.
The Company has now commenced the next phase of drilling in Mauritania which will consist of a further 7000m
RC drilling programme on its other high priority regional targets in conjunction with an additional programme
of 1300m RC drilling on the A238 high grade main shoot. It is expected the current drilling programme will
be completed by the end of the field season in the second quarter of 2011.
Mark Reilly
Managing Director
For further information contact:
Mark Reilly, Managing Director
Forte Energy NL Tel: +44 (0) 203 300 0187
Robin Henshall/Tim Graham
Matrix Corporate Capital LLP Tel: +44 (0) 203 206 7000
Jos Simson/Emily Fenton
Tavistock Communications Tel: +44 (0) 207 920 3150
Nicholas Read/Paul Armstrong
Read Corporate Tel: +61 (0) 8 9388 1474
Stuart Laing
RFC Corporate Finance Ltd Tel: +61 (0) 8 9480 2506
(AIM Nominated Adviser to the Company)
Note:
The information in this report that relates to Exploration Results is based on information compiled by
Mr. Bosse Gustafsson, who is a Member of the European Federation of Geologists, a Recognised Overseas
Professional Organisation (ROPO) included in a list promulgated by the ASX from time to time.
Mr Gustafsson is a full time Technical Director of Forte Energy NL and is responsible for exploration
activities in Mauritania and Guinea. Mr. Gustafsson has sufficient experience which is relevant to the
style of mineralisation and type of deposit under consideration and to the activity which he is
undertaking to qualify as a Competent Person as defined in the 2004 Edition of the Australasian Code
for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr. Gustafsson consents to
the inclusion in this report of the matters based on his information in the form and context in which
it appears.