Forte Energy ‘extremely encouraged’ by further uranium intercepts in Mauritania

Forte Energy NL (LON:FTE, ASX:FTE) reported significant uranium intercepts from reverse circulation drilling at the A238 anomaly in the northern part of its exploration  licences in Mauritania.
Uranium intercepts from A238 include 41 metres at 450 parts per million, including 8m at 814 ppm with a maximum of 1m at 1,349 ppm; 37m at 347 ppm, including 5m at 1,000 ppm with a maximum of 1m at 1,352 ppm; and also 50m at 345ppm, including 34m at 400 ppm with a maximum of 1m at 1,295 ppm.

Anomaly 238 is located 55km southeast of Bir Moghrein and is one of 10 uranium anomalies targeted by a recently completed 5,000m program of RC drilling. It lies 135km northwest of the recently completed JORC resource at Bir En Nar.

The uranium mineralisation at the anomaly is of medium grade but has potential for a large volume deposit. Further drilling, both RC and core, is planned to commence later this year.

The latest results for A238 follow promising results announced earlier this week from the first four of 10 prospects - Beso, Bir En Nar, M52 and M60, in the southern area of Forte Energy's licences. Drilling there discovered a new mineralisation and identified additional targets.

Forte currently awaits assay results from the remaining five anomalies drilled mainly in the northern sections of the company's licences areas.

At Bir En Nar, Forte has identified a new zone of mineralisation, between the existing North and South zones. From the new zone, the company’s drilling results included 3m at 1,027ppm uranium. Forte intends to carry out further drilling at Bir En Nar, to extend the recently updated resource.

Earlier this month, Forte reported a maiden JORC mineral resource estimate for Bir En Nar, with a total of 2m lbs of contained U3O8 - 1.33Mt grading 704ppm U3O8 - in the Indicated and Inferred Resource categories.

Managing director Mark Reilly commented on the latest results: "These results from the A238 anomaly in northern Mauritania are extremely encouraging for a first pass drilling program.

"Not only has the program intersected mineralisation with true depths of up to 60 metres - the highest to date of any prospect in Mauritania - but the anomaly is over 1.2 kilometres long and up to 100 metres wide. Exploration plans are being formulated now for additional drilling on this and other prospects in the region at the end of the Mauritania summer later in 2010. In the interim, we look forward to reporting the results from the last five prospects."