FORTE ENERGY NL
ACN 009 087 852
ASX/AIM CODE: FTE
Telephone: +618 9322 4071, Fax: +618 9322 4073
ASX, AIM and Media Release
22 March 2010
FURTHER HIGH GRADE ASSAY RESULTS FROM BIR EN NAR
GRADES OF UP TO 6,310ppm U FROM SECOND GROUP OF ASSAYS
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- Further high-grade assay results received from second group of 21 holes at BIR EN NAR Uranium Project,
Mauritania - West Africa, including:
- 5m @ 3,096ppm U incl. 1m @ 6,310ppm U
- 5m @ 1,334ppm U incl. 1m @ 5,430ppm U
- 19m @ 576ppm U incl. 7m @ 1,129ppm U
- 12m @ 776ppm U incl. 1m @ 3,690ppm U
- Results consistent with assay results from the first eight holes announced on 23 February 2010 which reported
grades up to 4,890ppm
- To date assay results from 29 holes of a total 50 holes have been received following the resource drilling
programme at Bir En Nar
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International uranium company Forte Energy NL (ASX / AIM: FTE; "Forte Energy") is pleased to report further high grade
results from the second group of laboratory assays received from its +5,800m resource drilling program at its Bir En Nar
Uranium Project, located in the Republic of Mauritania, West Africa.
These results follow the first set of assay results which reported intercepts of >1,000ppm U3O8 from every hole as
announced on 23 February 2010.
Chemical analysis results have so far been received from 29 diamond core drill holes.
The Company is awaiting the chemical assay results from the remaining 21 holes of the 50 holes completed. Once these
results are received they will be incorporated with existing results to enable calculation of an initial JORC Code
compliant Mineral Resource estimate for Bir En Nar. The final assays to be received relate to the samples that were
dispatched to Perth, Australia to expedite processing.
A summary of the assay results received from this second group of 21 holes can be found in the table below:
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Drillhole from to length m U ppm from to length U ppm
m
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BNRD009 No significant assays
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BNRD010 No significant assays
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BNRD011 No significant assays
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BNRD012 129 137 8 580 including 134 135 1 1,600
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BNRD013 Minor mineralisations
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BNRD014 Minor mineralisations
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BNRD015 50 51 1 1,020
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BNRD016 5 6 1 760
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BNRD016 82 85 3 1,729 including 83 84 1 4,160
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BNRD017 73 78 5 3,096 including 75 76 1 6,310
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BNRD018 No significant assays
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BNRD019 105 112 7 149 including 111 112 1 470
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BNRD020 Minor mineralisations
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BNRD021 43 48 5 1,334 including 45 46 1 5,430
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BNRD022 No significant assays
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BNRD023 31 50 19 576 including 33 40 7 1,129
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BNRD023 67 85 18 525 including 70 71 1 3,690
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BNRD024 102 109 7 513 including 103 105 2 1,135
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BNRD025 Minor mineralisations
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BNRD026 Minor mineralisations
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BNRD027 39 42 3 2,290 including 40 41 1 5,030
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BNRD028 Minor mineralisations
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BNRD029 88 100 12 374 including 91 92 1 4,120
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To view Figure 1 - Location of drill holes and mineralisation and fracture zones in Bir En Nar, please open the
following link in a new window: http://media3.marketwire.com/docs/forte_0322_fig_1.pdf
The area is dominated by granites of different modes in an early proterozoic domain. The best parts of the
mineralisation occur in the vicinity of a characteristic fine-medium grained granite.
The mineralisation occurs on both sides of a North-West trending fracture zone (see Figure 1 above). Orientated in-fill
core drilling has given a better understanding of the mineralisation where the best part is composed of 5 - 6 separate
bodies within a 100m wide steeply dipping zone. Two near horizontal faults slightly offset the bodies by about 10
metres.
The Bir En Nar is the most advanced of Forte Energy's uranium exploration projects in Mauritania and the delineation of
a maiden uranium resource estimate is an important step towards the Company's ultimate development and production goals.
Mark Reilly
Managing Director
For further information contact:
Mark Reilly, Managing Director
Forte Energy N.L. Tel: +44 (0) 207 887 1557
Alastair Stratton/Tim Graham
Matrix Corporate Capital LLP Tel: +44 (0) 203 206 7000
Conduit PR
Jos Simson/Emily Fenton Tel: +44 (0) 207 429 6603
Stuart Laing
RFC Corporate Finance Ltd Tel: +618 9480 2506
(AIM Nominated Adviser to the Company)
Note:
The information in this report that relates to exploration results in West Africa is based on information compiled by
Mr. Bosse Gustafsson, who is a member of the European Federation of Geologists a Recognised Overseas Professional
Organisation ("ROPO"). Mr Bosse Gustafsson is a full time Technical Director of Forte Energy NL and is responsible for
exploration activities in Mauritania and Guinea. Mr Gustafsson has sufficient experience, which is relevant to the style
of mineralisation and the type of deposit under consideration and to the activity, which he is undertaking to qualify as
a Competent Person as defined in the 2004 Edition of the 'Australian Code for Reporting of Exploration Results, Mineral
Resources and Ore Reserve'. Mr Gustafsson consents to the inclusion in this report of the matters based on their
information in the form and context in which it appears.
About Forte Energy
Forte Energy is an emerging international uranium company focused on the exploration and development of a high-quality
portfolio of uranium assets in the Republics of Mauritania and Guinea, West Africa. These assets have the potential to
develop as long-life uranium production projects, representing a significant new strategic source of uranium supply for
world markets.
Forte Energy is progressing its Mauritanian assets through a Strategic Alliance and Cooperation Agreement with the
French-based multinational industrial and nuclear energy giant, Areva NC, a global expert in nuclear energy. Areva also
holds a strategic 11.6% equity interest in Forte Energy.
Under this agreement, Forte Energy has access to Areva's extensive uranium exploration database in Mauritania as well as
technical cooperation and on-ground support from Areva in advancing the exploration and evaluation, in particular of the
rapidly emerging Bir En Nar Uranium Project, located in the Zednes region of northern Mauritania.
Forte Energy and Areva have agreed to establish a joint venture to develop the Company's Mauritanian assets if a minimum
60-80 million pounds of JORC Code compliant inferred uranium resources are established within the next two years.
Forte Energy's growth strategy in the international uranium industry is being driven by an accomplished Board and
management team focused on maximising shareholder value and returns.
FORTE ENERGY NL ACN 009 087 852
ASX / AIM CODE: FTE, Telephone: +618 9322 4071, Fax: +618 9322 4073
Forte Energy NL