Canadian exploration business Forum Energy Metals (TSX-V:FMC) bolstered its technical advisory board with the appointment of a highly-seasoned and internationally-recognised geoscientist on Monday.
Dr Larry John Hulbert is a specialist in magmatic nickel, copper and platinum-group elements (PGE) deposits and will be responsible for guiding exploration at Forum’s Love Lake project in northern Saskatchewan. Compilation work on the Love Lake project under the direction of Dr Hulbert – whose international career includes work in the private, public, and academic sectors – is now underway.
Dr Hulbert began his career at the Lynn Lake nickel camp in northern Manitoba before completing extensive PGE work in South Africa’s Bushveld Complex and completing his doctorate of science in 1983. From 1984 until 2007, he then worked as a research scientist in the mineral deposit research division of the Geological Survey of Canada. Throughout this period, he analysed most potential PGE deposits in Canada – including Forum’s area of focus within the Peter Lake domain in Saskatchewan. Since 2007, Hulbert has consulted for companies exploring for nickel-copper-PGE deposits internationally, with Forum adding that his career achievements are ‘recognised throughout the international geological community’.
Hulbert also holds several professional titles and has received numerous awards acknowledging his work in Canada over the years. He is a registered professional geoscientist with both the Association of Professional Engineers & Geoscientists of Saskatchewan and the Association of Professional Geoscientists of Ontario. He also received the Barlow Medal from Canadian Institute of Mining and Metallurgy in 1993, the Robinson Distinguished Lecturer for 2001-2002 from the Geological Association and Mineralogical Association of Canada, and the Earth Sciences Sector Merit Award in 2003 from Natural Resources Canada.
Alongside his appointment to Forum’s technical advisory board, Hulbert has been granted incentive stock options to purchase up to an aggregate of 200,000 common shares in the business. These are exercisable on or before 26 August 2024 at $0.10 each.
Forum explores for energy metals, including copper, nickel, platinum, palladium and uranium in Saskatchewan, Canada’s Number One mining province. Its 100pc-owned Love Lake project is thought to contain nickel, copper, platinum, and palladium, and boasts a comparable geological environment to North American Palladium’s Lac Des Isle deposit in Ontario. Forum is working to re-locate historic trenches at the project as well as completing four drill holes and mapping. It will also sample the extent of a 1.5km long sulphide-bearing mineralised horizon discovered by the Saskatchewan Geological Survey and prospect for similar mineralised horizons.
The project is based around 60km northeast of Forum’s Janice Lake project, which it is developing alongside Rio Tinto Exploration Canada. Rio is planning to spend c.$3m on Janice Lake in 2019 as part of a seven-year, $30m option to earn 80pc of the project.
At the end of July, Forum announced that Rio had kicked off a significant drilling project at Janice Lake. The major is looking to drill 20 to 30 holes as part of the 7,000m programme. The work, which is being assisted by a helicopter and completed using two rigs, is centred around areas of known copper mineralisation. Specifically, the project team has prioritised four project areas called Jansem, Janice, Kaz, and Genie North (Juno).
Through its work, Rio Tinto hopes to determine the dip and attitude of copper mineralisation at Janice Lake as well as the possibility of multiple, strata-bound copper-bearing mineralised horizons. It will also work to find out the association of magnetics and copper in rocks at the asset and the potential for high-grade zones of mineralisation caused structure or mafic-rich layers. Alongside the results of a recently-completed airborne geophysical survey, the drilling results will be used to identify future drilling targets on Janice Lake’s 52km-long sedimentary basin.