NUNAVUT — Vancouver’s Forum Uranium Corp. and Nunavut Tunngavik Inc. have signed a memorandum of understanding (MOU) whereby Forum may earn a 100% interests in the minerals on Inuit-owned land 60 km west of Baker Lake. The area covered is 20 km east of Areva‘s Kiggavik uranium deposit.
This parcel of Inuit-owned surface and subsurface land is situated along an east-west belt of favourable rocks (meta-sediments) that host the Kiggavik deposits (Kiggavik, End and Andrew Lake deposits) between Forum’s ground optioned from Agnico-Eagle Mines on the west, Forum’s ground optioned from Tanqueray Resources on the east, and south of 100% owned Forum ground. Several historical outcrop occurrences of uranium occur in the parcel, with grades of up to 0.52% U3O8.
A map of Forum’s North Thelon projects is posted at www.ForumUranium.com.