Forsys Metals Corp. (TSX:FSY,FWB:F2T,NAMIBIAN:FSY) announced a completed resource estimate for its Namibplaas uranium project in Namibia.
As quoted in the press release:
- At a 100ppm cut-off a Consolidated Measured and Indicated Resource of 93.9 million lbs. of U3O8 grading 175ppm, inclusive of an updated Namibplaas Indicated Resource of 33.4 million lbs. of U3O8 grading 152ppm.
- From commencement of the Namibplaas exploration program in 2008, the Company has completed a total of 33 diamond drill holes and 529 percussion drill holes; for a total of 120,124 metres (8,220 metres of diamond drilling and 111,904 metres of percussion drilling).
- Confirmation of two significant Namibplaas high-grade zones that will be the focus of pit design optimization.