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Juniors discover new claims invalid

Shares in Forum Energy Metals (TSXV: FMC) and Golden Share Resources (TSXV: GSH) plunged yesterday after the juniors discovered their recently-staked claims in Wyoming were invalid.

Juniors discover new claims invalid Juniors discover new claims invalid Juniors discover new claims invalid Juniors discover new claims invalid Juniors discover new claims invalid

The area in question

The pair had formed a strategic partnership last month and staked 32 claims covering 661 acres of the Afton vanadium deposit in western Wyoming.

They announced yesterday it had come to their attention that the area was not open to mineral exploration and development.

"Despite the fact that the claims were recorded without objection at the Bureau of Land Management office in Cheyenne, Wyoming, the company has been advised tha...