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FTE Forte Energy

0.0029
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Forte Energy LSE:FTE London Ordinary Share AU000000FTE4 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.0029 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Forte Energy NL Drilling Programme Completed in Mauritania

03/07/2013 7:00am

UK Regulatory



 
TIDMFTE 
 
Drilling Programme Completed in Mauritania 
                                                                                          Forte Energy NL 
 
 
                                                                               ASX, AIM and Media Release 
 
 3rd July 2013 
 
                                Drilling programme completed in Mauritania 
 
Forte  Energy  NL  ("Forte Energy" or "the Company") (ASX/AIM: FTE) is an emerging international  uranium 
company  focused on the exploration and development of a portfolio of uranium assets in the Republics  of 
Mauritania and Guinea, West Africa. 
 
The  Company is pleased to announce that the recent NQ Aircore drilling programme at Hassi Baida  and  to 
the south of the A238 prospect has been completed. 
 
 
To view Figure 1: Mauritanian Licences, please open the link in a new window: 
 
http://media3.marketwire.com/docs/FORTE0703.jpg 
 
Hassi  Baida is a superficial calcrete area situated approximately 50km north-east of the existing  Forte 
Energy licences and covers over 800km2. The NQ Aircore drilling programme concentrated on the central and 
southern areas and comprised of 214 holes and totalled 2,190m.  Samples are being prepared to send to the 
ALS  preparation  facility in Nouakchott, Mauritania and will then be sent to  the  ALS  laboratories  in 
Ireland for assaying. 
 
Following the completion of the drilling at Hassi Baida a short scout drilling programme was completed in 
the  covered area 7km to the south east of the A238 prospect. A series of short vertical air  core  holes 
were  drilled  into the basement aimed at identifying major shearing/mylonite/cataclasite and  alteration 
patterns from chip samples. 
 
Commenting on the update, Mark Reilly, Managing Director of Forte Energy, said: 
 
"We  look  forward  to receiving the assay results of the recent drilling campaign in the  third  quarter 
which  will  not  only  contribute to our better understanding of the  prospects within  our  Mauritanian 
licence  areas  but will also progress our wider goal of continuing to significantly grow  the  Company's 
resources base." 
 
Mark Reilly 
Managing Director 
 
 
For further information contact: 
 
Mark Reilly                                      Geoff Nash/Ben Thompson 
Managing Director                                Elizabeth Johnson (broking) 
Forte Energy NL                                  finnCap 
Tel: +44 (0) 203 3849555                         Tel: +44 (0)207 220 0500 
 
 
Bobby Morse/Cornelia Browne                      Stuart Laing 
Louise Hadcocks                                  RFC Ambrian Ltd 
Buchanan                                         (AIM Nominated Adviser to the Company) 
Tel: +44 (0) 207 466 5000                        Tel: +61 (0) 8 9480 2506 
 
Forte Energy NL 
 
Australia                                        United Kingdom 
 
Suite 3, Level 3                                 3C Princes House 
1292 Hay Street                                  38 Jermyn Street 
West Perth WA 6005                               London SW1Y6DN 
Ph: +61 (0)8 9322 4071                           Ph: +44 (0)203 3847474 
Fax: +61 (0)8 9322 4073                          Fax: +44 (0)207 2878387 
Email: info@forteenergy.com.au                   Email: info@forteenergy.co.uk 
Web: www.forteenergy.com.au 
 
 
 
About Forte Energy 
 
Forte  Energy  is  an  Australian-based minerals company focused on the exploration  and  development  of 
uranium  and associated bi-products in Mauritania and Guinea in West Africa. The Company has an extensive 
pipeline  of  assets and total JORC resources of 76.8Mt @ 266ppm U3O8for 44.9Mlbs contained U3O8  (100ppm 
cut-off). 
 
Its  flagship assets are the A238 prospect (23.4Mlbs U3O8) and the Bir En Nar project (2.06Mlbs U3O8)  in 
Mauritania, and the Firawa Project in Guinea (19.5Mlb U3O8). 
 
Forte Energy U3O8 JORC resources (all at a 100ppm cut-off): 
 
=----------------------------------------------------------------------------------------------------- 
Project               Resource Category        M tonnes         ppm U3O8           Contained U3O8 Mlbs 
=----------------------------------------------------------------------------------------------------- 
A238*                         Inferred             45.2              235                          23.4 
=----------------------------------------------------------------------------------------------------- 
Bir En Nar                   Indicated              0.5              886                           1.0 
                             ------------------------------------------------------------------------- 
                              Inferred              0.8              575                           1.0 
=----------------------------------------------------------------------------------------------------- 
Firawa                        Inferred             30.3              295                          19.5 
=----------------------------------------------------------------------------------------------------- 
Total                        Indicated              0.5              886                           1.0 
                             ------------------------------------------------------------------------- 
                              Inferred             76.3              262                          43.9 
                             ------------------------------------------------------------------------- 
                                 Total             76.8              266                          44.9 
=----------------------------------------------------------------------------------------------------- 
 
        * A238NW Anomaly included in the A238 Inferred Resources 
 
Forte  Energy's  strategy is to target high grade uranium ore bodies and build a low cost  West  African- 
focused  uranium  producer. The Company is quoted on the Australian Stock Exchange  (ASX:  FTE)  and  AIM 
market of the London Stock Exchange (AIM: FTE). For more information, visit www.forteenergy.com.au 
 
Note: 
 
The information in this report that relates to the reporting of Mineral Resources is based on information 
compiled  or  reviewed by Mr. Galen White, who is a Fellow of the Australasian Institute  of  Mining  and 
Metallurgy (FAusIMM). Mr White is the Principal Geologist of CSA Global (UK) Ltd. CSA Global have an  on- 
going  role  as geological consultants to Forte Energy NL. Mr. White 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. White consents to the 
inclusion  in  this report of the matters based on his information in the form and context  in  which  it 
appears. 
 
 
Forte Energy NL 
 

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