News

January 31, 2008

Forum Uranium Boasts One Of Canada’s Premier Uranium Exploration Teams

By Charles Wyatt

Ask any investor in uranium exploration stocks why they favour certain companies and two answers are bound to emerge - proximity to proven deposits and the expertise of the management, or vice versa. Expertise means that at least one director was around in the last uranium bull market in the 70s and had real, hands-on experience. In the case of Canadian listed Forum Uranium there seems to be expertise in spades. Chief executive Rick Mazur worked from 1974 to 1984 as a uranium exploration geologist in Saskatchewan and Nunavut for Pan Ocean Oil. Chief geologist Dr Boen Tan moved to Canada in 1973 as a senior geologist and project manager for Uranerz Exploration & Mining, conducting uranium exploration in the Athabasca Basin, Saskatchewan. He was instrumental in the discovery of the Key Lake uranium deposit and the development of the Key Lake mine which produced 195 million pounds of U3O8 at a grade of 2.5% over a fifteen year mine life from 1983 to 1997.

 

Nothing much these two don’t know about uranium and they are supported by Ken Wheatley who has 27 continuous years of uranium exploration experience in Canada, most recently with Areva, one of the world's largest uranium exploration and production companies. He has an impressive record of discovery including eight uranium deposits, four of which became producing mines in the Athabasca Basin. Ken also managed the Kiggavik/Sissons project for Areva, a project that contains a 130 million pound...