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Further significant intersections from A238 uranium prospect
FORTE ENERGY NL ACN 009 087 852 ASX/AIM CODE: FTE Telephone: +618 9322 4071, Fax: +618 9322 4073 ASX, AIM and Media Release 15 February 2011 Further significant intersections from A238 uranium prospect, Mauritania Highlights - * Assay results received from a further ten holes drilled at the A238 uranium prospect, Mauritania * Best assay results include: o 8m @ 215 ppm U o 30m @ 366 ppmU o 18m @ 264 ppm U o 9m @ 410 ppm U o 7m @ 300m ppm U o 28m @ 234 ppm U o 30m @ 366 ppm U o 4m @ 546 ppm U o 11m@ 318 ppm U o 17m @ 231 ppm U International uranium company Forte Energy NL ("Forte Energy" or "the Company") (ASX: FTE, AIM: FTE) is pleased to release assay results from a further ten holes from the completed Reverse Circulation ("RC") drilling programme on the A238 uranium prospect in northern Mauritania. These ten holes were drilled immediately north of the main shoot of the A238 system, from which drill results were released on 27 January 2011. The 10 holes provide a clearer geological picture of the transition from the narrow, low grade stacked veins that make up the northern extent of the A238 mineralised structure, into the thick high grade bulk mineralisation of the main shoot. Diamond drilling continues on this main shoot with a view to being able to calculate a JORC resource at the beginning of next quarter, with a second phase of RC drilling scheduled to commence on the main shoot towards the end of the field season. Table 1 - A238 RC results HOLE East North Azim Dip From To length ppm U Est ppm m m U3O8 238RC110 284358 2771470 55 -70 19 21 2 238 281 22 30 8 215 254 52 53 1 191 225 60 62 2 125 147 67 68 1 111 131 70 78 8 162 191 79 80 1 120 142 84 114 30 362 427 117 118 1 174 205 238RC111 284324 2771445 55 -70 57 75 18 264 311 83 84 1 139 164 87 88 1 163 192 90 99 9 410 483 100 101 1 160 189 110 112 2 128 151 120 124 4 134 158 150 152 2 295 348 153 154 1 107 126 238RC112 284424 2771393 55 -70 3 10 7 300 354 19 20 1 120 142 21 49 28 234 276 55 56 1 606 715 72 102 30 366 432 103 104 1 109 129 238RC114 284401 2771378 55 -70 13 14 1 312 368 17 19 2 267 315 24 26 2 119 140 27 31 4 253 298 37 38 1 121 143 52 53 1 117 138 54 56 2 159 188 238RC115 284507 2771331 55 -70 14 15 1 104 123 16 20 4 151 178 22 24 2 147 173 25 28 3 165 195 31 35 4 546 644 37 39 2 111 131 44 48 4 182 215 49 51 2 158 186 52 66 14 222 262 71 72 1 215 254 73 82 9 315 371 238RC116 284068 2771878 55 -70 4 5 1 109 129 9 11 2 175 206 12 16 4 138 163 18 26 8 125 147 31 33 2 108 127 40 43 3 257 303 46 52 6 275 324 53 61 8 277 327 62 64 2 177 209 71 82 11 318 375 92 93 1 425 501 97 102 5 300 354 113 114 1 113 133 118 119 1 143 169 238RC117 284034 2771854 55 -70 65 67 2 217 256 70 75 5 204 241 76 81 5 210 248 83 85 2 196 231 86 87 1 121 143 89 92 3 232 274 104 106 2 285 336 108 111 3 193 228 112 113 1 140 165 115 119 4 212 250 122 129 7 154 182 137 142 5 170 200 147 149 2 253 298 150 151 1 113 133 152 157 5 244 288 159 163 4 416 491 238RC118 283986 2772000 55 -70 3 9 6 322 380 10 11 1 136 160 20 24 4 229 270 28 30 2 123 145 34 35 1 200 236 42 43 1 114 134 48 57 9 244 288 60 61 1 100 118 63 64 1 164 193 65 70 5 169 199 83 84 1 340 401 86 103 17 231 272 238RC119 283953 2771977 55 -70 34 40 6 180 212 41 43 2 108 127 50 51 1 143 169 54 55 1 275 324 56 58 2 199 235 64 65 1 114 134 77 78 1 591 697 120 121 1 302 356 132 133 1 190 224 238RC120 283921 2772077 55 -70 3 7 4 141 166 16 17 1 121 143 18 20 2 311 367 21 23 2 260 307 30 31 1 125 147 34 40 6 327 386 41 42 1 105 124 46 53 7 213 251 61 65 4 174 205 67 68 1 196 231 70 72 2 152 179 75 76 1 240 283 77 78 1 248 292 87 89 2 231 272 90 93 3 169 199 Please note that the interval lengths reported do not necessarily represent true widths. Mark Reilly Managing Director For further information contact: Mark Reilly, Managing Director Forte Energy NL Tel: +44 (0) 203 300 0187 Robin Henshall/Tim Graham Matrix Corporate Capital LLP Tel: +44 (0) 203 206 7000 Jos Simson/Emily Fenton Tavistock Communications Tel: +44 (0) 207 920 3150 Nicholas Read/Paul Armstrong Read Corporate Tel: +61 (0) 8 9388 1474 Stuart Laing RFC Corporate Finance Ltd Tel: +61 (0) 8 9480 2506 (AIM Nominated Adviser to the Company) Note: The information in this report that relates to Exploration Results is based on information compiled by Mr. Bosse Gustafsson, who is a Member of the European Federation of Geologists, a ?Recognised Overseas Professional Organisation? (?ROPO?) included in a list promulgated by the ASX from time to time. Mr Gustafsson is a full time Technical Director of Forte Energy NL and is responsible for exploration activities in Mauritania and Guinea. Mr. Gustafsson has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves". Mr. Gustafsson consents to the inclusion in this report of the matters based on his information in the form and context in which it appears.