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Introduction
The 100%-owned Romulus project consists of two mineral claims covering 6,140 ha of the margin of the Athabasca Basin, Saskatchewan. The property is located northwest of, and adjacent to the Forum's Key Lake Road Project, 20 km southwest of Cameco's Key Lake Mine/Mill Complex, the principal processing facility for the nearby high grade McArthur River uranium mine and site of the formerly productive Key Lake Deposit.
Geology
The Romulus Project 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 Romulus Project generally occurs within a Proterozoic, graphite-bearing suite of metapelite, pelite, calc-silicate and arkosic metasediments found within this high strain zone.
The Romulus Project is targeting 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). These deposits generally contain structurally controlled veins, breccias and massive replacement-type mineralization.
Historical Work
Historical work carried out in the area has outlined several favorable structures with in the Mudjatik-Wollaston Tectonic Zone, which host Uranium mineralization. The Romulus claims were staked to cover the extension of several of these key structures, and work on the property, including mapping, sampling, and prospecting, has outlined several favorable targets for mineralization including the Santoy zone.
Proposed Work
Forum Uranium is continuing to outline drill targets on the Romulus project for future evaluation.
Maps
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