Forte Energy reports further high grade uranium at Bir En Nar, Mauritania

Australian-based Forte Energy (ASX/AIM: FTE) has reported "excellent" results from the final 25 holes of resource drilling at its 100% owned Bir En Nar Uranium Project, located in the Republic of Mauritania, West Africa, confirming the high-grade nature of the uranium mineralisation.

Results were consistent with previously reported assay results from the first 29 holes. Grades of up to 5,424ppm U were received in the final batch of 25 drill holes. Grades of up to 6,310ppm U were achieved in the first 29 drill holes.

All assay results from resource drilling have now been received and provided to Coffey Mining for incorporation in the initial JORC compliant Mineral Resource estimate.

Results included: 24m @ 1,116ppm U incl. 1m @ 5,424ppm U; 11m @ 803ppm U incl. 1m @ 3,345ppm U; 14m @ 511ppm U incl. 1m @ 3,035ppm U; 17m @ 504ppm U incl. 1m @ 4,102ppm U.

Mark Reilly, Managing Director, said Bir En Nar is the most advanced of Forte Energy’s uranium exploration projects in Mauritania and the company is looking forward to releasing a maiden uranium resource estimate for the  project.

The resource drilling program, completed in February this year, comprised 50 holes of diamond core drilling and also an additional four holes of Reverse Circulation (RC) drilling, for a  total of 5,575m.

This program followed an initial 4,000m RC drilling campaign carried out by the  company in December 2007.

The company also anticipates releasing results in Q3 from its recently completed 5,000m RC short-hole drilling program conducted over a number of anomalies within its northern Mauritanian permits.

http://www.proactiveinvestors.co.uk/companies/news/17893/forte-energy-reports-further-high-grade-uranium-at-bir-en-nar-mauritania-17893.html