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Foran Mining Corp.
Summary
| Project: | McIlvenna Bay | |
|---|---|---|
| Deposit: | McIlvenna Bay | |
| Location: | Canada | |
| Commodities: | Copper-Zinc-Gold-Silver | |
| Date: | 11/1/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 1-11-2018: Foran Mining Corp. announces an Exploration/Drilling Update report for its McIlvenna Bay deposit at the McIlvenna Bay project. Drilling results incl. 8.25m @ 0.28g/t Au, 18.87g/t Ag, 0.45% Cu, 11.33% Zn from 298.06m. Vancouver, BC (November 1, | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Roger March (Internal) | |
| ABSTRACT: | Vancouver, BC (November 1, 2018) - Foran Mining Corporation (TSX.V: FOM) (“Foran” or the “Company”) is pleased to announce a summary of results from six additional holes from the summer resource definition drill program at its 100% owned McIlvenna Bay copper-zinc deposit (“McIlvenna Bay” or the “Deposit”) in Saskatchewan. “The infill drill program at McIlvenna Bay continues to return significant zones of massive sulphide and stockwork mineralization from the Deposit as highlighted by MB-18-217. Once all of the final assay results are in hand, a revised resource estimate will be completed for the Deposit. The new resource estimate will represent a significant milestone for both Foran and the McIlvenna Bay Deposit as we advance the project towards completion of a Feasibility Study, expected in H2 2019. A number of Feasibility Study programs are running in parallel with the resource work including metallurgical studies to optimize metal recoveries, geotechnical work and detailed engineering. This is an exciting time for Foran.” Commented, Patrick Soares, President & CEO of Foran. The holes contained in this release all targeted the Zone 2 massive sulphide lens and underlying CSZ of the McIlvenna Bay deposit. This release provides the results of an additional six holes from the recently completed summer program at McIlvenna Bay, which encompassed a total of 12,100m of drilling in 36 holes. The program included 14 wedge cuts which were drilled to collect additional material for metallurgical samples (six of these were drilled from historic holes which were re-entered to allow special representation for metallurgical purposes). See the drill plan map in Figure 1 and the long section in Figure 2 for more information. Also, as part of the program, three short holes were drilled to collect geotechnical information in the area of the proposed portal site and three holes were drilled to allow the installation of piezometers in the deposit area as part of a larger hydrogeological testing program to characterize local ground water flow. | |
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