February 13, 2008
Forsys Announces Joly Zone Trenching Results
TORONTO, ONTARIO--(Marketwire - Feb. 13, 2008) - Forsys Metals Corp. ("Forsys" or the "Company") (TSX:FYS) is pleased to announce initial assay results received from the Joly Zone surface trenching program completed in late 2007. The Joly Zone is located approximately 1.5 km north of the Company's Valencia uranium deposit ("Valencia") proposed main pit in Namibia, Africa where a feasibility study is underway. The results confirm uranium mineralization in Valencia-type alaskite variably intruded by biotite granite. This assemblage has been identified over a 1.5 km strike length and remains open in all directions.
Results have been received from 73 of the 89 trenches (refer to Appendix A) cut over favorable metamorphic bedrock with alaskite intrusive material identified during the recent mapping program (refer to the Company's press release dated January 29, 2008). The area is now being categorized into four new zones: the East Zone, East Central Zone, West Central Zone (location of diamond drill holes J-001 to J-005 from 2007 exploration campaign) and the West Zone, which extends uranium mineralization from previous studies (refer to Figure 1).
To see Figure 1 please view the following link:
http://media3.marketwire.com/docs/fys_fig1.pdfThe best intersections are as follows:
East Zone: East Central Zone:
JTR-001 with 11 m of 1.013 Kg/T JTR-015 with 18 m of 0.166 Kg/T
JTR-002 with 14 m of 0.315 Kg/T JTR-016 with 10 m of 0.244 Kg/T
JTR-007 with 13 m of 0.193 Kg/T JTR-030 with 10 m of 0.175 Kg/T
West Central Zone: West Zone:
JTR-037 with 5 m of 0.274 Kg/T JTR-072 with 14 m of 0.260 Kg/T
JTR-038 with 20 m of 1.282 Kg/T JTR-073 with 16 m of 0.110 Kg/T
JTR-048 with 10 m of 0.165 Kg/T
Management is encouraged with the initial results which confirm the uranium mineralization grade continuity at the Joly Zone. The Joly Zone grades are similar to, and locally better than, those returned from alaskite bedrock in the Valencia ore body, itself a similar host to the ore found at Rio Tinto's producing Rossing Uranium Mine. Additional sampling will continue to test those areas that appear on the ground scintillometer image to be somewhat spotty and narrow. The Company will commence with a percussion drilling program at the Joly Zone, consisting of minimally 20 holes to be drilled to a depth of approximately 100 m in order to evaluate the subsurface continuity of uranium mineralization and to help the Company determine if any of the Joly Zone potential ore zones could be mined with the Valencia ore.
Dr. Roger Laine, Chief Geologist of Forsys, is the designated Qualified Person responsible for all of Forsys' exploration programs as well as the person responsible for the technical contents of this news release.
On Behalf of the Board of Directors of Forsys Metals Corp
Duane Parnham, President and CEO
For further information visit our web site at
www.forsysmetals.comSedar Profile #00008536
Appendix A:
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LENGTH FROM TO GT WIDTH GRADE LOCATION
(m) (m) (m) (Kg/T x m) (m) (Kg/T)
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JTR-001 12 3.00 13.50 10.64 11 1.013 North East Zone
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JTR-002 13 0.00 14.00 4.42 14 0.315 North East Zone
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JTR-003 12 0.00 10.00 2.41 10 0.241 North East Zone
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JTR-004 10 0.00 10.00 1.88 10 0.188 North East Zone
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JTR-005 11 1.00 8.00 0.60 7 0.086 North East Zone
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JTR-006 15 9.00 14.00 0.29 5 0.058 North East Zone
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JTR-007 15 2.00 15.00 2.52 13 0.193 North East Zone
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JTR-008 15 2.00 13.00 1.23 11 0.112 North East Zone
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JTR-009 17 North East Zone
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JTR-010 10 0.00 10.00 0.63 10 0.063 North East Zone
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JTR-011 15 0.00 13.00 1.18 13 0.091 North East Zone
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JTR-012 10 North East Zone
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JTR-013 10 North East Zone
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JTR-014 10 0.00 9.00 0.85 8 0.094 East Central Zone
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JTR-015 19 0.00 18.00 3.00 18 0.166 East Central Zone
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JTR-016 13 3.00 13.00 2.44 10 0.244 East Central Zone
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JTR-017 14 1.00 3.00 0.18 2 0.088 East Central Zone
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JTR-018 10 East Central Zone
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JTR-019 10 0.00 3.00 0.13 3 0.044 East Central Zone
6.00 7.00 0.06 1 0.057
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JTR-020 10 1 Max 0.033 East Central Zone
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JTR-021 10 East Central Zone
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JTR-022 11 0.00 6.00 1.72 6 0.286 East Central Zone
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JTR-023 7 1.00 3.00 0.29 2 0.147 East Central Zone
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JTR-024 8 1 Max 0.024 East Central Zone
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JTR-025 13 1 Max 0.014 East Central Zone
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JTR-026 6 1 Max 0.024 East Central Zone
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JTR-027 25 1 Max 0.021 East Central Zone
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JTR-028 5 2.00 4.00 0.47 2 0.237 East Central Zone
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JTR-029 7 2.00 4.00 0.44 2 0.217 Central Zone
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JTR-030 22 0.00 10.00 1.75 10 0.175 Central Zone
19.00 22.00 0.531 3 0.177
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JTR-031 12 2.00 3.00 0.14 1 0.139 Central Zone
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JTR-032 10 0.00 5.00 0.91 5 0.181 Central Zone
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JTR-033 19 1.00 7.00 0.51 6 0.086 Central Zone
10.00 13.00 0.25 3 0.084
16.00 19.00 0.24 3 0.079
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JTR-034 17 0.00 3.00 0.38 3 0.128 Central Zone
7.00 11.00 0.45 4 0.111
13.00 17.00 0.29 4 0.073
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JTR-035 20 14.00 15.00 0.49 2 0.245 Central Zone
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JTR-036 21 9.00 14.00 0.49 5 0.099 West Central Zone
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JTR-037 13 1.00 6.00 1.37 5 0.274 West Central Zone
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JTR-038 21 0.00 20.00 25.64 20 1.282 West Central Zone
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JTR-039 22 7.00 12.00 0.47 5 0.095 West Central Zone
13.00 18.00 0.28 5 0.056
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JTR-040 20 0.00 10.00 0.63 10 0.063 West Central Zone
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JTR-041 14 0.00 3.00 0.76 3 0.255 West Central Zone
9.00 14.00 2.93 5 0.586
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JTR-042 29 11.00 12.00 0.06 1 0.063 West Central Zone
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JTR-043 17 1 Max 0.031 West Central Zone
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JTR-044 10 4.00 7.00 0.31 3 0.103 West Central Zone
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JTR-045 9 3.00 5.00 0.16 2 0.079 West Central Zone
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JTR-046 15 13.00 15.00 0.42 2 0.210 West Central Zone
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JTR-047 20 6.00 11.00 0.26 5 0.052 West Central Zone
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JTR-048 18 0.00 10.00 1.65 10 0.165 West Central Zone
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JTR-049 16 2.00 14.00 1.00 12 0.084 West Central Zone
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JTR-050 15 7.00 9.00 0.19 2 0.097 West Central Zone
13.00 15.00 0.16 2 0.077
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JTR-051 21 1.00 7.00 0.39 6 0.064 West Central Zone
18.00 21.00 0.39 3 0.129
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JTR-052 5 0.00 5.00 1.28 5 0.256 West Central Zone
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JTR-053 10 4.00 8.00 0.41 4 0.102 West Zone
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JTR-054 10 4.00 5.00 0.15 1 0.148 West Zone
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JTR-055 15 3.00 4.00 0.06 1 0.056 West Zone
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JTR-056 10 1 Max 0.038 West Zone
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JTR-057 10 1 Max 0.014 West Zone
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JTR-058 6 1.00 2.00 0.09 1 0.086 West Zone
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JTR-059 7 3.00 5.00 0.19 2 0.094 West Zone
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JTR-060 15 5.00 12.00 0.95 7 0.135 West Zone
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JTR-061 16 1 Max 0.012 West Zone
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JTR-062 10 1.00 3.00 0.18 2 0.089 West Zone
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JTR-063 12 0.00 5.00 0.72 5 0.144 West Zone
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JTR-064 10 4.00 9.00 1.56 5 0.313 West Zone
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JTR-065 14 6.00 8.00 0.46 2 0.231 West Zone
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JTR-066 7 2.00 3.00 0.19 1 0.191 West Zone
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JTR-067 10 4.00 8.00 0.71 4 0.176 West Zone
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JTR-068 8 1 Max 0.010 West Zone
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JTR-069 20 1 Max 0.028 West Zone
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JTR-070 20 1 Max 0.034 West Zone
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JTR-071 15 4.00 8.00 0.573 4 0.143 West Zone
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JTR-072 15 0.00 14.00 3.637 14 0.260 West Zone
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JTR-073 18 1.00 17.00 1.76 16 0.110 West Zone
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Table 1 - Joly Zone Trench Assay Results
GT (Grade Thickness Product) is calculated by multiplying grade by thickness (or width). The intersection is given for each trench with its associated grade. Each sample represents a one m channel which is approximately 5 cm wide by 5 cm deep over 1 m in length. The trench length is also noted.
Shares Outstanding: 76,838,998
The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
CONTACT INFORMATION:
Forsys Metals Corp.
Bruce Hall
Chief Communications Officer
(905) 844-4646
Email: bhall@forsysmetals.com
or
In Namibia:
Forsys Metals Corp.
+264 61 219 462
Email: wrn@forsysmetals.com
Website:
www.forsysmetals.com