AFTON VANADIUM PROJECT, WYOMING USA
Equally funded by Forum Energy Metals Corp and Golden Share with the intent of forming a 50/50 joint venture.
United States Geological Survey Professional Paper 1637 references a historical resource estimate of 30 million tons averaging 1.1% V2O5*
* This historical resource estimate was completed prior to the implementation of National Instrument 43-101. Given the extensive field work and analysis completed by the U.S. Geological Survey and the (then) U.S. Bureau of Mines during 1942 to 1944, the Company believes the historical estimate to be relevant and reliable. However, a qualified person has not completed sufficient work to verify and classify the historical estimate as a current mineral resource, and the Company is not treating the historical estimate as a current mineral resource. It should be noted that mineral resources, which are not mineral reserves, do not have demonstrated economic viability.
32 mineral claims covering 661 acres in western Wyoming, USA.
See regional location map shown below. During a program of exploration and development by the U.S. Geological Survey (USGS) in co-operation with the U.S. Bureau of Mines from 1942 to 1944, 123 trenches, four shafts and six adits were worked and sampled
Vanadium found in the Phosphoria Formation of western Wyoming is remarkably consistent in black shale, oolite and mudstone beds in the Afton area. Wyoming has ranked consistently in the top ten mining jurisdictions in the Fraser Institute Annual Survey of Mining Companies for the past six years.
Forum’s technical team has compared the style of mineralization with that of the Qianjiaping vanadium deposit in China, which also exhibits similar grades.
Forum will be the Operator. Golden Share, which is developing opportunities related to vanadium-based energy storage solutions, retains a right of first refusal on the future off-take of vanadium
Sampling of the deposit for the completion of metallurgical studies will commence later June.
Location & Infrastructure
Scheduled Work Program
Location Map of the Afton Vanadium Project