Forsys Metals Corp

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Type: Company
Name: Forsys Metals Corp
First reported May 17 2013 - Updated May 17 2013 - 1 reports

Uranium explorer pleased with Namibian results

Uranium exploration and development company Forsys Metals announced positive drilling results from an extension exploration programme on its fully permitted Valencia mining licence in Namibia, earlier this year.The new discovery, Valencia East, is located ... [Published Mining Weekly - May 17 2013]
First reported May 02 2013 - Updated May 02 2013 - 1 reports

Engineering study improves metrics of combined Namibia projects

TORONTO (miningweekly.com) Uranium-project developer Forsys Metals has completed an engineering cost study on its proposed Valencia process plant to be located at the company’s Norasa uranium project, in Namibia, which had improved a number of the project’s ... [Published Mining Weekly - May 02 2013]
First reported Apr 15 2013 - Updated Apr 15 2013 - 1 reports

Creamer Media publishes African Mining Roundup for March 2013 research report NEW REPORT AVAILABLE

The African Mining Roundup is a synopsis of mining activity on the continent. The March 2013 roundup not only covers stories from more than 20 countries, but also includes almost 130 separate news items in an easy-to-read, disaggregated format. This months ... [Published Polity.org.za - Apr 15 2013]
First reported Mar 19 2013 - Updated Mar 19 2013 - 1 reports

Forsys Metals drills 19.3 m of 244 ppm U3O8 at Norasa

Forsys Metals Corp. has released further positive drilling results at the Norasa uranium project from an extension exploration program on the company's fully permitted Valencia mining licence 149 in Namibia, Africa. The drilling program was completed ... [Published Stockwatch - Mar 19 2013]

Quotes

"The initial drilling results at Valencia East have confirmed considerable mineralisation in 11 of the 15 percussion drill holes, encountering significant intersections of greater than 200 parts per million (ppm), including many greater than 400 ppm. The results from this drilling programme are encouraging and indicate the potential for a significant high-grade area located in close proximity to the main Valencia deposit and proposed processing plant."
...2-million tons a year, and an increase in average yearly production from 3.3-million pounds to 4.2-million pounds of triuranium pentoxide (U3O8). "As a consequence of the positive study, we are now accelerating the drilling programmes at Valencia East and Valencia North with a strategy to release an updated mineral resources statement in Q3 2013. In the near term, we will appoint an engineering firm to complete the feasibility study, which will incorporate the optimised processing plant" Forsys CEO Marcel Hilmer said
Duane Parnham, Executive Chairman of Giyani Gold, stated: "Engaging IJG further strengthens Giyani Gold's ability to grow into a regional African gold company.$ Mark Späth, Managing Director of IJG, has unrivaled experience in the Namibian capital market and he will be working directly with our team to strengthen Giyani Gold's position in Namibia."

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Uranium explorer pleased with Namibian results [Published Mining Weekly - May 17 2013]
Engineering study improves metrics of combined ... [Published Mining Weekly - May 02 2013]
Forsys Valencia has $249-million (U.S.) capex, ... [Published Stockwatch - May 02 2013]
Forsys Announces Results of Positive Engineerin... [Published Marketwire - Breaking News Releases - May 02 2013]
Giyani Gold Engages Namibian Based IJG Securiti... [Published Canada NewsWire - Apr 30 2013]
Creamer Media publishes African Mining Roundup ... [Published Polity.org.za - Apr 15 2013]
Forsys Metals drills 19.3 m of 244 ppm U3O8 at ... [Published Stockwatch - Mar 19 2013]
Forsys Reports Positive Exploration Drilling Re... [Published Marketwire - Breaking News Releases - Mar 19 2013]
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Forsys Announces Results of Positive Engineerin... [Published Marketwire - Breaking News Releases - May 02 2013]
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