stage,” explains Mazur. In particular, they’ve been making great strides
in the Athabasca Basin, as they have just completed a drill program in
their northwest Athabasca joint venture. As the operator of the joint ven-
ture, Forum entered into an option agreement with Cameco Corporation,
where Forum and Nexgen Ltd. jointly earn 60% interest in the 98-square
kilometer project, which includes the historical 1.5 million pound Mau-
rice Bay uranium deposit. Forum just announced they have hit “off scale”
at zone A, and 40 metres of radioactivity at Otis. The next project to be
undertaken in the Athabasca for Forum is the Clearwater project which
is adjacent and on trend of the new Fission and Alpha discovery.
Another one of Forum’s hidden gems is a strategic land position on the
Thelon Basin. “We’ve been exploring there since 2006 when we acquired
our claims in the vicinity of the Kiggavik mine development project,
which is being developed by Areva (a large French nuclear corporation),”
says Mazur. Areva has completed a feasibility study and they are now
permitting for a 8 million pound per year uranium mine and they are cur-
rently going through an environment review process with the Nunavut
government that should be finalized by the end of this year. The advan-
tage for Forum is that they have a very strategic land position adjacent
to Aveda’s mine development project. “The proposed road through the
Kiggavik project runs right through our property,” says Mazur. He ex-
APRIL 2013
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business elite canada
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