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Foran Mining Corp.
Summary
| Project: | McIlvenna Bay | |
|---|---|---|
| Deposit: | McIlvennan Bay | |
| Location: | Canada | |
| Commodities: | Copper-Zinc-Gold-Silver | |
| Date: | 2/20/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 20-2-2018: Foran Mining Corp. announces an Exploration/Drilling Update report for its McIlvennan Bay deposit at the McIlvenna Bay project. Drilling results incl. 8.27m @ 11.82% Zn, 10.42g/t Ag, 0.11% Cu, 0.15g/t Au from 71.84m. Vancouver, BC (February 20, | |
| Resources: | (Resource, I+I.): 13900KT @ 1.28% Cu, 2.67% Zn, 0.49g/t Au, 17.1g/t Ag, 1.96% CuEq | |
| CP/QP: | [Overall Report]: Roger March (Internal) | |
| ABSTRACT: | Vancouver, BC (February 20, 2018) - Foran Mining Corporation (TSX.V: FOM) (“Foran” or the “Company”) is pleased to announce the results for the first two holes from the Phase I resource definition and infill drilling program at its 100% owned McIlvenna Bay Project. These holes targeted a near surface area above the currently defined zinc-rich Zone 2 massive sulphide lens. Zone 2 has now been extended to surface in this sector of the deposit. “High grade intersections over widths such as these affirm our belief in the future development of McIlvenna Bay. We continue to add value with each program we undertake and these results are evidence of the quality and potential of this project. We have extended the strike length of the zinc rich zone up to the limestone cap at surface, expanding the area of known mineralization at grades higher than the average for the deposit.” said Patrick Soares, President & CEO The planned 2018 Phase I winter drill program consists of approximately 11,000m of drilling in 22 holes and is designed to upgrade current resources to reserves and expand the known resource base in preparation for an upcoming feasibility study. Detailed results from the first two holes are provided in Table 1 below. | |
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