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Foran Mining Corp.
Summary
| Project: | McIlvenna Bay | |
|---|---|---|
| Deposit: | McIlvenna Bay | |
| Location: | Canada | |
| Commodities: | Copper-Zinc-Gold-Silver | |
| Date: | 9/27/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 27-9-2018: Foran Mining Corp. announces an Exploration/Drilling Update report for its McIlvenna Bay deposit at the McIlvenna Bay project. Drilling results incl. 8.19m @ 0.16g/t Au, 22.98g/t Ag, 0.25% Cu, 11.30% Zn from 292.09m. Vancouver, BC (September 27 | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Roger March (Internal) | |
| ABSTRACT: | Vancouver, BC (September 27, 2018) - Foran Mining Corporation (TSX.V: FOM) (“Foran” or the “Company”) is pleased to announce results from an additional three holes of the summer resource definition drill program at its 100% owned McIlvenna Bay zinc-copper deposit (“McIlvenna Bay”) in Saskatchewan. McIlvenna Bay is the largest undeveloped Volcanogenic Massive Sulphide (“VMS”) deposit along the 225 kilometre Flin Flon Greenstone Belt. This world class metallogenic belt is host to 29 past and present producing mines, including Hudbay Minerals Inc.’s 777 and Lalor operations. Patrick Soares, President & CEO of Foran commented, “We continue to intersect thick, high-grade zones of mineralization at the McIlvenna Bay deposit as indicated by these latest results. We have just wrapped up a four drill program where we have completed over 12,000m of drilling. In addition to the resource definition and in-fill drilling program, holes for metallurgical sampling, geotechnical and hydrogeological studies have been completed. This information is critical to the preparation of the feasibility study we initiated earlier this year. “ Highlights: The three holes included in this release all targeted the zinc-rich Zone 2 massive sulphide lens in the central portion of the deposit. Drilling continues to intersect significant widths of high-grade zinc mineralization in the massive sulphide horizons and thick zones of copper-gold enriched mineralization in the underlying Copper Stockwork Zone (“CSZ”), as highlighted by holes MB-18-217w1 and MB-18-214. This release provides the results of three of the 36 drill holes completed during the 2018 summer drill program at McIlvenna Bay which commenced on July 1, 2018. This phase of drilling has targeted the central portion of the deposit where drill holes can be collared during summer conditions. The bulk of the program was conducted utilizing four drills with the final hole of the program completed on September 24, 2018. Logging and sampling of the final holes from the program is underway. The drill program focused on resource definition drilling, the collection of metallurgical samples and gathering further geotechnical and hydrogeological data | |
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