Tuesday saw Canadian exploration business Forum Energy Metals (TSX.V:FMC) reveal that an airborne geophysical survey has kicked off over its highly prospective Janice Lake copper project.
The work was initiated by Rio Tinto Exploration Canada (RTEC), Forum’s partner on the northern Saskatchewan-based asset, and it will be completed by geophysical contractor CGG. It also precedes the mobilisation of two rigs for a 7,000m drill program that is expected to start later this month.
Copper at Janice Lake is hosted in multiple, shallow-dipping layers of stratabound chalcocite mineralisation with late-stage native copper mineralisation, as determined by earlier work undertaken by Forum. Also, mapping by the Saskatchewan Geological Survey has determined that the copper-bearing strata have been repeated by faulting, adding to the asset’s potential. In Tuesday’s update, Forum reiterated that these geological attributes confirm the exploration potential for finding a large tonnage open pit deposit at Janice Lake.
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