FORTE ENERGY NL
ACN 009 087 852
ASX/AIM CODE: FTE
Telephone: +618 9322 4071, Fax: +618 9322 4073
ASX, AIM and Media Release
29 July 2010
Forte Energy reports significant uranium intercepts from RC drilling at A238 anomaly in Mauritania
* Initial assays received from anomaly A238 in the northern part of Forte Energy's Exploration Licences in
northern Mauritania, with significant results including:
o 80m @ 362 ppm U incl. 12m @ 704 ppm U (max 1m @ 1,055 ppm U)
o 41m @ 450 ppm U incl. 8m @ 814 ppm U (max 1m @ 1,349 ppm U)
o 37m @ 347 ppm U incl. 5m @ 1,000 ppm U (max 1m @ 1,352 ppm U)
o 50m @ 345 ppm U incl. 34m @ 400 ppm U (max 1m @ 1,295 ppm U)
o 50m @ 245 ppm U incl. 9m @ 515 ppm U (max 1m @ 714 ppm U)
* Anomaly 238, which is located 55km SE of Bir Moghrein, is one of 10 uranium anomalies targeted by a recently
completed 5,000m program of Reverse Circulation ("RC") drilling
* Assay results for A238 follow promising results announced on 26 July 2010 from the first four of 10
prospects - Beso, Bir En Nar, M52 and M60, in the southern area of Forte Energy's licences
* Assay results currently awaited from the remaining five anomalies drilled mainly in the northern sections of
the Company's licences areas
International uranium company Forte Energy NL (ASX/AIM: FTE; "Forte Energy" or "the Company") is pleased to report
encouraging assay results from recent drilling at the A238 uranium anomaly within its 100%-owned uranium Exploration
Licences in the Zednes region of northern Mauritania, West Africa.
Anomaly A238, which is located 55km south-east of the town of Bir Moghrein and 135km north-west of the recently
completed JORC resource at Bir En Nar, is the fifth anomaly to be targeted by the 5,000m short hole RC reconnaissance
drilling program completed in the second Quarter of 2010, which was conducted across a total of 10 uranium prospects.
It is the first of five anomalies in the northern sections of Forte Energy's exploration licences that were targeted in
the RC drilling campaign.
35 RC holes were drilled at Anomaly A238 during 2010 and sampled for each metre. In the central area, seven profiles
were drilled with 21 drill-holes inclined at 50° dip. The distance between the profiles is 100 to 300 metres. Holes were
drilled to a maximum length of 80 metres. Another four inclined holes in two profiles 200 metres apart were drilled on
the NNW section of the anomaly.
In the calcrete just south of the central area, a profile of ten shallow vertical holes were drilled across the
extension of the main uranium mineralisation, however these did not return significant results. In total 1,444 metres
were drilled.
25 RC holes were drilled to test the core of the mineralised zone, with the significant intersections including:
Table 1 - Assay results
Hole ID From To Length (m) U ppm from to Length (m) U Max. 1 m
ppm
238RC01 10 43 33 135 incl. 20 21 1 345 345
238RC02 18 23 5 155 185
238RC03 4 50 37 347 incl. 41 46 5 1,000 1,352
238RC04 20 50 30 181 incl. 20 38 18 207 276
238RC05 0 50 50 345 incl. 16 50 34 400 1,295
238RC06 9 50 41 450 incl. 21 29 8 814 1,349
238RC07 0 50 50 245 incl. 40 49 9 515 714
238RC08 9 50 41 146 incl. 38 42 4 504 869
238RC09 8 32 24 102 incl. 22 26 4 304 432
238RC10 19 43 24 107 incl. 33 34 1 312 312
238RC11 41 50 9 106 incl. 48 49 1 247 247
238RC12 Low radiation. Not sampled
238RC13 0 80 80 362 incl. 15 80 65 420
238RC13 incl. 61 73 12 704 1,055
238RC14 Low radiation. Not sampled
238RC15 Low radiation. Not sampled
238RC16 39 53 14 131 incl. 51 52 1 285 285
238RC17 Low radiation. Not sampled
238RC18 33 45 12 128 incl. 44 45 1 204 204
238RC19 Low radiation. Not sampled
238RC20 0 55 55 171 incl. 10 23 13 303 720
238RC21 0 30 30 159 incl. 21 27 6 241 374
238RC22 0 32 32 106 incl. 26 31 5 238 468
238RC23 9 22 13 110 incl. 18 22 10 216 300
238RC24 10 33 23 127 incl. 10 20 10 212 335
238RC25 17 55 38 207 incl. 33 45 12 417 856
238RC26 to 238RC35 Low radiation. Not sampled
Note: holes 1 to 25 were drilled at 50° dip. Lengths reported do not represent true widths.
The uranium mineralisation at A238 is exposed both in mylonite or sheared granite and in calcrete. The main target is
the mylonite mineralisation which is up to 100 metres wide and 1.2 kilometres long and at surface is delimited to the
south by a calcrete cover with spotwise secondary uranium minerals and to the north by sediment.
The uranium mineralisation 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.
This will include both in-fill drilling and drilling to test the extensions of the mineralisation to the NNW and the
SSE. Geological mapping is required to determine the relation to the surrounding rocks and a mineralogical study is
currently underway. Several indications have been observed of similar occurrences along this western tectonic zone as
well as the eastern tectonic zone.
Forte Energy's initial field visit to Anomaly A238 in 2006 confirmed that a medium radioactive calcrete was the source
of the anomaly. The anomaly was recognised as a priority exploration target during a follow-up program in 2009, when the
radioactive zone in mylonite was discovered by vehicle-mounted counts per second "cps" survey using a GF gamma surveyor
instrument. Ground cps survey displayed the NNW-SSE trend of the radioactive zone with high radioactivity observed along
700 metres.
Commenting on the results, Mark Reilly, Managing Director of Forte Energy said: "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."
Figure 1 -Exploration targets within Forte Energy's Mauritania permits
(Please open the following link in a new window to view)
http://media3.marketwire.com/docs/FTE_Figure_1.pdf
Mark Reilly
Managing Director
For further information contact:
Mark Reilly, Managing Director
Forte Energy NL 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
Nicholas Read/Paul Armstrong
Read Corporate Tel: +61 (0) 8 9388 1474
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 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') included in a list promulgated by the ASX from time to time. Mr 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 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 'Australasian Code for
Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr. Gustafsson consents to the inclusion in this
report of the matters based on his information in the form and context in which it appears.
Appendix 1. RC Drillhole locations at anomaly A238
Hole ID Easting Northing Azimuth Dip Length (m)
238RC01 4100 1900 235 -50 50
238RC02 4075 1883 235 -50 49
238RC03 4157 1818 235 -50 50
238RC04 4132 1801 235 -50 50
238RC05 4214 1736 235 -50 50
238RC06 4190 1719 235 -50 50
238RC07 4239 1753 235 -50 50
238RC08 4272 1654 235 -50 50
238RC09 4296 1671 235 -50 50
238RC10 4329 1572 235 -50 50
238RC11 4354 1590 235 -50 50
238RC12 4165 1702 235 -50 49
238RC13 4202 1728 235 -60 80
238RC14 3608 2654 235 -50 50
238RC15 3632 2672 235 -50 50
238RC16 3493 2818 235 -50 61
238RC17 3469 2801 235 -50 50
238RC18 4120 1914 235 -50 50
238RC19 4177 1832 235 -50 55
238RC20 4018 2023 235 -50 55
238RC21 3993 2006 235 -50 55
238RC22 4247 1637 235 -50 55
238RC23 4304 1555 235 -50 55
238RC24 4526 1344 235 -50 55
238RC25 4550 1361 235 -50 55
238RC26 4736 0941 0 -90 12
238RC27 4777 0970 0 -90 12
238RC28 4818 0998 0 -90 12
238RC29 4859 1027 0 -90 12
238RC30 4900 1056 0 -90 12
238RC31 4941 1084 0 -90 12
238RC32 4982 1113 0 -90 12
238RC33 5023 1142 0 -90 12
238RC34 5064 1170 0 -90 12
238RC35 5105 1199 0 -90 12
Forte Energy NL