FORTE ENERGY NL
ACN 009 087 852
ASX/AIM CODE: FTE
Telephone: +618 9322 4071, Fax: +618 9322 4073
ASX, AIM and Media Release
21 June 2010
FURTHER HIGH URANIUM GRADES IN FINAL ASSAYS
FROM BIR EN NAR RESOURCE DRILLING
GRADES OF UP TO 5,424ppm U AS INITIAL JORC RESOURCE NEARS COMPLETION
- Excellent results from final 25 holes of resource drilling at BIR EN NAR Uranium Project, Mauritania (West
Africa) including
-- 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
- Results consistent with previously reported assay results from the first 29 holes, which reported grades of up
to 6,310ppm U
- All assay results from resource drilling now received and provided to Coffey Mining for incorporation in the
initial JORC compliant Mineral Resource estimate
International uranium company Forte Energy NL (ASX / AIM: FTE; "Forte Energy") is pleased to report that all assay
results have now been received from its +5,500m resource drilling program at its 100% owned Bir En Nar Uranium Project,
located in the Republic of Mauritania, West Africa.
The results have confirmed the high-grade nature of the uranium mineralisation at Bir En Nar, with grades of up to
5,424ppm U received in the final batch of 25 drill holes. Grades of up to 6,310ppm U were achieved in the first 29 drill
holes.
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 follows an initial
4,000m RC drilling campaign carried out by the Company in December 2007.
These final chemical assay results have been provided to independent consultants Coffey Mining for incorporation with
previous results to enable calculation of an initial JORC Code compliant Mineral Resource estimate for the Bir En Nar
project. Coffey Mining has completed preliminary work including a site visit. The resource statement will be released as
soon as it has been completed.
To view Figure 1 - Forte Energy's exploration permits in Mauritania, please open the following link in a new window:
http://media3.marketwire.com/docs/FTEFIG1.jpg
A summary of the assay results received from the final 25 holes is given in the table below:
Drillhole from to length m U ppm from to length m U ppm
BNRD030 42 56 14 511 including 42 45 3 1,865
including 43 44 1 3,035
BNRD031 83 88 5 405 including 86 87 1 1,493
BNRD032 62 86 24 1,116 including 63 73 10 2,545
including 69 70 1 5,424
BNRD033 No significant assays
BNRD034 No significant assays
BNRD035 Minor mineralisations
BNRD036 Minor mineralisations
BNRD037 14 18 4 543 including 16 17 1 1,729
BNRD037 70 72 2 512
BNRD038 No significant assays
BNRD039 43 46 3 1,540 including 44 45 1 2,054
BNRD039 57 62 5 743 including 58 61 3 1,179
BNRD040 79 86 7 1,058 including 79 81 2 2,544
BNRD040 100 103 3 997 including 101 102 1 2,646
BNRD040 112 114 2 1,201 including 112 113 1 2,225
BNRD041 No significant assays
BNRD042 89 100 11 803 including 95 96 1 3,345
BNRD043 No significant assays
BNRD044 114 116 2 427
BNRD045 Minor mineralisations
BNRD046 109 114 5 750 including 109 111 2 1,111
BNRD047 Minor mineralisations
BNRD048 Minor mineralisations
BNRD049 104 121 17 504 including 109 116 7 1,116
including 111 112 1 4,102
BNRD050 78 83 5 694 including 78 81 3 983
BNR42 19 23 4 352 including 20 21 1 615
BNR43 No significant assays
BNR44 34 37 3 1,027 including 36 37 1 1,679
BNR45 Minor mineralisations
The Bir En Nar prospect embraces a 900 metre long radioactive zone averaging 50-70 metres in width which follows a
tectonic structure in a north-west to south-east direction. A smaller parallel zone occurs a few hundred metres to the
south-west.
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. 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.
To view Figure 2 - 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/FTEFIG2.jpg
Drilling Program
The Bir En Nar resource drilling program comprised 50 holes of diamond core drilling and also an additional four holes
of Reverse Circulation (RC) drilling for a total length of 5,575m. The holes were drilled to an average length of 103m,
with a maximum of 179.6m for BNRD006, mostly on a South-westerly bearing at an inclination of 60 degrees. Further
details of the drill holes are contained in the following map and table:
To view Figure 3 - Location of drill holes at Bir En Nar, please open the following link in a new window:
http://media3.marketwire.com/docs/FTE06213A.jpg
Table 2 - Details of Bir En Nar drill holes for resource drilling campaign
Hole- East North Bearing inclination Length
(degrees) (degrees) (m)
BNRD001 360821 2661029 225 50 94.6
BNRD002 360846 2660996 225 60 80.8
BNRD003 360761 2661111 225 60 96.8
BNRD004 360792 2661142 225 60 110.3
BNRD005 360861 2661061 230 60 155.6
BNRD006 360886 2661036 220 60 179.6
BNRD007 360911 2661011 225 60 170.1
BNRD008 360871 2660971 222 60 82.3
BNRD009 360895 2660945 222 60 82.5
BNRD010 360920 2660920 230 60 79.9
BNRD011 360945 2660995 229 59 82.3
BNRD012 360927 2660977 228 60 160.9
BNRD013 360945 2660895 225 60 82.3
BNRD014 360797 2661047 220 60 111.1
BNRD015 360814 2661064 217 60 110.5
BNRD016 360977 2660927 223 59 150.0
BNRD017 360836 2661086 228 60 125.0
BNRD018 360995 2660945 225 60 95.0
BNRD019 360829 2661129 220 60 130.0
BNRD020 360970 2660870 209 60 82.6
BNRD021 360771 2661071 221 59 88.9
BNRD022 361019 2660919 225 60 145.6
BNRD023 360801 2661101 225 57 85.0
BNRD024 360774 2661174 225 60 140.2
BNRD025 361009 2660859 229 60 120.2
BNRD026 360717 2661117 220 60 90.6
BNRD027 360721 2661171 234 60 82.6
BNRD028 361030 2660880 214 60 142.0
BNRD029 360742 2661192 227 60 150.7
BNRD030 360822 2660672 231 59 70.6
BNRD031 360712 2661212 225 60 100.6
BNRD032 360666 2661166 223 59 100.6
BNRD033 360772 2660722 228 60 79.5
BNRD034 360872 2660622 222 60 82.5
BNRD035 361007 2660507 225 59 82.5
BNRD036 360613 2661213 227 60 91.6
BNRD037 360633 2661183 225 58 82.5
BNRD038 360675 2661125 226 60 70.6
BNRD039 360688 2661138 224 59 91.6
BNRD040 360864 2661014 224 62 121.6
BNRD041 360760 2660960 220 59 100.5
BNRD042 360850 2660700 224 57 120.5
BNRD043 361025 2660475 224 60 70.5
BNRD044 360809 2661159 208 58 154.9
BNRD045 360729 2661079 225 60 70.0
BNRD046 360682 2661182 233 61 127.5
BNRD047 360704 2661154 232 61 106.6
BNRD048 360650 2661200 224 61 112.6
BNRD049 360825 2660725 234 60 126.4
BNRD050 360871 2660671 228 61 121.4
BNR42 (RC) 360826 2660861 225 50 49.0
BNR43 (RC) 360806 2660840 225 50 55.0
BNR44 (RC) 360867 2660817 225 50 49.0
BNR45 (RC) 360815 2660813 225 50 29.0
Total 5,575.1
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 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.
Mark Reilly
Managing Director
For further information contact:
Mark Reilly, Managing Director
Forte Energy N.L. Tel: +44 (0) 203 300 0187
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: +61 (0) 8 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.
Forte Energy NL