Forum Developments Costigan Lake Drilling Shows Promise

Spring breakup came early for Forum Development (TSX: FDC), and tod's news release showed a continuation of the decline which began a few trading , How Do I Know What Is The Best Second Mortgage Home Loan For Me days ago. Cutting short the drill campaign was weather-related, not result-related. In talking with Rick Mazur about his joint ventu's recent drill campaign at Costigan Lake in Cana's Athabasca Basin, there was a sort of sadness in his voice'Unfortunately due to spring breakup coming a little more quickly upon us, we were unable to continue our planned , Opening Us Bank Account For Non Resident Aliens program and to drill two further holes we wanted to tes' Mazur told us.

What Forum did find will be interpreted by Dr. Boen Tan, when assays come back from the lab. Mazur expects them by the end of this month. Dr. T's interpretation may very well turn around the sto's recent and steep sell-off. This is the typica'buy on the mystery, sell on the histo' found in nearly all Canadian exploration plays. The news release announces 824 meters of drilling. Five holes were drilled at shallow depths, between 125 and 160 meters. Three of the holes encountered radioactivity in the C3 conductor. Five holes spaced out over a 2.4 kilometer strike length was a pretty speculative exploration plan, , Series 3 Exam but the plan , Top Factors Influencing Bankruptcy was to find 'sni' of uranium , Home Equity Lines Of Credit Be Careful mineralization and not a uranium , Mining Email Gold mine. We believe there may be reason for optimism with the exploration project.

We talked about the C3 conductor'This one conductive trend occurs over the full extent of the propert' Mazur explained'It hosts the uranium , Discount Pet Insurance mineralization from previously drilling from 1978-79 appears to be the conductive horizon of interest , How To Get A Loan With Bad Credit to us. There is anomalous radioactivity in the footwall of the graphitic horizon, which is highly encouraging to us. It is typical of the mineralization which occurs in the basement rocks at Key Lake (Athabasca Basin, Saskatchewan province in Canada' Mazur talked a bit more about the geology'The drilling has confirmed that it is due to a very thick graphitic horizon. Th's promisin'

So where does Forum Development stand on this property'We have to go back in and drill some more hole' said Mazur'This drilling campaign has verified that it does have potential. At this stage, we would most certainly like to go back in and continue drillin' But he laughed and added'Of course, I have to go over that with my joint venture partne' He was referring to Breakwater Resources, which is the minority joint venture partner on the Costigan Lake project. Mazur will be mobilizing the compa's wholly owned Maurice Point project for a summer program. Maurice Point is where For's geologists found uranium , Instant Approval Of Personal Loans Whether Justified Or Not mineralization over a 100 meter strike extent, grading up to 7.3 percent U3O8 during the last field season.

Forum Development shares may be down for now, and may bottom around these levels, depending upon the momentum of the spot uranium , First Home Buyer Mortgages price. But, d't rule them out so fast. They have planned , Refinance Mortgage Loan Tips On Refinancing Your Home Mortgage a series of exploration projects over the coming twelve months, which should again create some upward momentum. For the speculatively minded, the quiet period between exploration programs may offer an opportunity to acquire shares at bargain prices, , Top Factors Influencing Bankruptcy before the next momentum rally. If spot uranium , Why Arent You Paying Off Your Debt prices continue to rise, , Earning Money From Forex or sustain at the current price , Car Insurance Quotes Online Why You Should Use The Internet To Find A New Insurance Company level above $40/pound, then optimism in the sector will continue. And Forum Development should hold its own, stock-wise..

James Finch contributes to StockInterview.com and other publications. This feature (with full graphics) and his other archived articles can be found at http://www.stockinterview.com Please contact James Finch by emailing to him at jfinch@stockinterview.com Additional information about the company , Are Your Debts Out Of Control You May Need A Debt Reductionservice featured in this article can be obtained at http://www.forumdevelopmentcorp.com/