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Market: AIM / ASX
Sector: General Mining - Uranium & Lithium
EPIC: FTE
Latest Price: 1.72p  (5.52% Ascending)
52-week High: 5.20p
52-week Low: 1.63p
Market Cap: 11.96M
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Forte Energy
www.forteenergy.com.au

Forte Energy NL is an Australian-based minerals company focused on the exploration, evaluation and development of uranium and energy-related projects worldwide.

The Company changed its name from Murchison United NL on 25 November 2008.

Forte Energy has secured an extensive portfolio of uranium projects in the Republics of Guinea and Mauritania in West Africa, where it is pursuing intensive exploration programs. The Company also holds copper and cobalt interests in Queensland and Western Australia, Australia.

Full Forte Energy profile here
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Forte Energy extends uranium mineralisation at A238 prospect in Mauritania

23rd Jan 2012, 7:28 am by Andre Lamberti The A238 prospect in Mauritania has a JORC resource of 14.9 million pounds of U3O8 (triuranium octoxide) in the inferred category

Forte Energy (LON:FTE, ASX: FTE) said initial assays from an ongoing 10,000 metre reverse circulation drilling program at the A238 prospect in Mauritania confirm mineralised extensions to the northwest of the prospect and at depth below the existing uranium resource.

Initial assays for 36 of the 55 holes drilled to date show notable intersections of 25 metres at 357 parts per million (ppm) uranium, 10 metres at 510ppm uranium, 8 metres at 312ppm uranium and 22 metres at 320ppm uranium.

Of the holes drilled at the A238 prospect, 90 per cent have encountered mineralisation.

Forte expects to announce a resource upgrade for the prospect in the first quarter. The JORC resource for A238 stands at 14.9 million pounds of U3O8 (triuranium octoxide).

Assays for the outstanding 19 drill holes are due shortly. The program was aimed at drilling outside of the existing inferred resource and testing the potential mineralised extensions both at depth and along strike.

Drilling at the A238 prospect is scheduled to be completed by the end of the month and the drill rig will then move to Hasi Baida for an initial drilling program of 3,000 metres to test several near to surface calcrete deposits, covering more than 12 square kilometres.

Historical works completed by Forte, including trenching and pits, have identified high grade mineralisation in close proximity to the surface.

Forte also announced it has begun a 5,000 metre reverse circulation drilling program at its Firawa project in Guinea with a total of 1,800 metres across 20 holes completed to date.

The drilling started in the central area infilling in areas where access was not previously possible and testing the down dip extension of the mineralisation.

Drilling is scheduled to continue for the next month testing the anomalies along strike to the east and west.

Assays are expected early in the second quarter, and a resource update is scheduled for the end of the second quarter.

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