COMPANY RELEASES

Forte Energy announces Bir En Nar Resource Drilling Update, Mauritania

Thursday , 04 Feb 2010 Forte Energy

International uranium company Forte Energy NL ("Forte Energy" or "The Company") (ASX/AIM: FTE) is pleased to provide the following update in relation to its resource diamond core drilling program which is nearing completion at its Bir En Nar Uranium Prospect in Mauritania.

Much of the current drilling program is infill drilling in order to increase the density of drilling results sufficient to enable a resource calculation. While the Company is experiencing delays in obtaining initial assay results, it is reassured by the preliminary field results obtained from handheld scintillometers which indicate that grades from the current drilling are likely to be consistent with those from the initial R/C (Reverse Circulation) drilling program carried out in 2007.

The Bir En Nar prospect is a 900 metre long radioactive zone averaging 50-70 metres in width and following a tectonic structure in a north-west to south-east direction. A smaller parallel zone occurs a few hundred metres to the south-west.

The planned initial program of around 4,600m of priority holes was completed in early January 2010 at the Bir En Nar prospect. However, it was decided to proceed with an additional 7 drillholes in order to complete a more extensive 35 x 35 metre sampling grid to enable a resource classification down to a depth of 100 metres. Drilling of these additional holes is nearing completion.

Incorporating the results from the 2007 R/C drilling together with the field observations and scintillometer readings from the current diamond core drilling has enhanced the Company's understanding of the lithology of the Bir En Nar prospect.

Logging and mapping of this information allows for the vein size, location and direction to be estimated. This indicates several things:  firstly that depth extent is continued as new holes are drilled deeper, secondly that veins or alteration zones appear to be deeper than originally thought and thirdly that there are actually multiple veins.

Several cross sections of the main target area have been prepared. These are preliminary interpretations and will be refined further as results from downhole radiometric logging and chemical assays are received. Descriptions of the different zones are given following the cross-section images.

 


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