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Foran Mining Corp.
Summary
| Project: | McIlvenna Bay | |
|---|---|---|
| Deposit: | McIlvenna Bay | |
| Location: | Canada | |
| Commodities: | Copper-Zinc-Gold-Silver | |
| Date: | 3/2/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 2-3-2018: Foran Mining Corp. announces an Exploration/Drilling Update report for its McIlvenna Bay deposit at the McIlvenna Bay project. Drilling results incl. 3.27m @ 10.33% Zn, 14.83g/t Ag, 0.48% Cu, 0.22g/t Au from 58.3m. Vancouver, BC (March 2, 2018) | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Roger March (Internal) | |
| ABSTRACT: | Vancouver, BC (March 2, 2018) - Foran Mining Corporation (TSX.V: FOM) (“Foran” or the “Company”) is pleased to report additional high-grade zinc intervals from the Phase I resource definition and infill drilling program at its 100% owned McIlvenna Bay zinc-copper property (“McIlvenna Bay” or “Property”) in Saskatchewan. Drilling has also confirmed the presence of high-grade zinc and elevated precious metals grades in the Hanging Wall (“HWA”) lens, 200 metres (“m”) above the currently defined resource. Patrick Soares, President & CEO of Foran commented, “Drilling on the McIlvenna Bay deposit continues to support our decision to proceed to feasibility for this project. These latest results contain intervals at grades higher than the deposit average, which is highly encouraging. With four drills turning, we are moving quickly to complete the drilling necessary to support the upgraded resource estimate and feasibility study.” Mr. Soares further noted, “Recent assays indicate the presence of high-grade zinc and a narrow horizon of elevated precious metal grades in the HWA zone, above the bulk of the deposit. The HWA zone represents an exciting exploration target for potential resource growth at McIlvenna Bay and speaks to the opportunities that remain as we continue to drill off the deposit.” | |
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