For thousands of other reports visit RSC's Mineral Intellingence Map
Foran Mining Corp.
Summary
| Project: | McIlvenna Bay | |
|---|---|---|
| Deposit: | McIlvenna Bay | |
| Location: | Canada | |
| Commodities: | Copper-Zinc-Gold-Silver | |
| Date: | 3/13/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Pre-Feasibility Study | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 13-3-2020: Foran Mining Corp. announces a Pre-Feasibility Study report for its McIlvenna Bay deposit at the McIlvenna Bay project. Pre-Feasibility Study results incl. post-tax NPV (7.5%) of C$147M and IRR of 19.2%. Vancouver, BC (March 12, 2020) – Foran M | |
| Resources: | (Resources, Ind.): 22.95Mt @ 1.17% Cu, 3.05% Zn, 0.19% Pb, 0.44g/t Au, 16.68g/t Ag | |
| CP/QP: | [Resources]: William Lewis (Micon International Ltd.) | |
| ABSTRACT: | Vancouver, BC (March 12, 2020) – Foran Mining Corporation (TSX.V: FOM) (“Foran” or the “Company”) is pleased to announce the results of a positive Pre-Feasibility Study (“PFS” or the “Study”) for Foran’s 100% owned McIlvenna Bay zinc-copper volcanogenic massive sulphide (“VMS”) deposit (“McIlvenna Bay” or the “Project”) in east-central Saskatchewan. Patrick Soares, President & CEO commented, “We assembled a project team that has deep experience with projects similar to McIlvenna Bay to prepare this pre-feasibility study. We are proposing a modern underground mine supported by surface infrastructure designed to take into account feedback we have received from local communities. We are committed to taking the project through feasibility and into production in a safe, responsible manner that will provide economic benefits to the region for years to come. We are now in a position to advance discussions with potential investors with experience developing similar mines as we explore the best way to credibly and safely build and operate McIlvenna Bay. Our goal, as always, is to maximize value per share.” | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report