Uranium
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Introduction
The Orchid Lake project consists of one mineral claim covering 7,229 ha of the margin of the Athabasca Basin, Saskatchewan. The property is located approximately 20km southwest of the Cameco/COGEMA Key Lake Mine and Mill complex in the Athabasca Basin, northern Saskatchewan.

Geology
The Orchid Lake covers favorable basement rocks within the Mudjatik-Wollaston Tectonic Zone, a northeast trending structural zone on the eastern margin of the Basin along which the district's most productive uranium mines occur. Over 95% of known Canadian uranium deposits and all current uranium producing mines in Canada are located on this trend.

The Mudjatik-Wollaston Tectonic Zone is the NE trending high strain tectonic zone marking the boundary between the Archean gneisses and granitoids of the Mudjatik Domain to the west and Archean gneisses, metasediments, and pegmatite intrusions of the Wollaston domain to the east. Uranium mineralization on the Orchid Lake Project generally occurs within a Proterozoic, graphite-bearing suite of metapelite, pelite, calc-silicate and arkosic metasediments found within this high strain zone.

The Orchid Lake Project is targeting shallow, basement hosted, structurally and stratigraphically controlled uranium deposits such as Comeco's Millennium deposit (containing 47.2M lbs of U3O8 indicated and inferred) and the Eagle Point/Rabbit Lake deposit (containing 19.0M lbs of U3O8 proven and probable). The Orchid Lake property is interpreted to lie on an ENE structure that hosts the Key Lake uranium deposit that had an average grade of 2.45% U3O8. The Key Lake mine produced over 195 million pounds of uranium from 1983 to 1997.

Historical Work
Airborne and ground geophysics have been used on the property and have outlined two geophysical targets of 2 km and 10 km in length. These conductive targets are interpreted as graphitic sediments of the Wollaston group, host to many uranium deposits and prospects in the eastern Athabasca Basin.

During the 2007 season, Forum Uranium drilled nine holes for a total of 1,140m on the Orchid Lake Property. This initial drill program intersected a favorable structure which contained Uranium mineralization including 0.19% U3O8 over 0.2m and 0.02% U3O8 over 1.25m.



Maps
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