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Foran Mining Corp.
Summary
| Project: | McIlvenna Bay | |
|---|---|---|
| Deposit: | McIlvenna Bay | |
| Location: | Canada | |
| Commodities: | Copper-Zinc-Gold-Silver | |
| Date: | 5/7/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 7-5-2018: Foran Mining Corp. announces an Exploration/Drilling Update report for its McIlvenna Bay deposit at the McIlvenna Bay project. Drilling results incl. 28.17m @ 1.38% Cu, 0.13% Zn, 8g/t Ag, 0.44g/t Au from 587.65m. Vancouver, BC (May 7, 2018) - Fo | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Roger March (Internal) | |
| ABSTRACT: | Vancouver, BC (May 7, 2018) - Foran Mining Corporation (TSX.V: FOM) (“Foran” or the “Company”) announces results of two additional drill holes from its resource definition and expansion 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 noted, “Predictability and consistency of a deposit are important factors when developing a mine plan and preparing a feasibility study. The mineralized zones of the McIlvenna Bay Deposit have been notably consistent and our understanding of the geological model has evolved during this latest program. We are encouraged by the results received to date and we believe McIlvenna Bay, while already a sizeable deposit, has potential to expand at depth.” The two holes released today intersected both significant massive sulphide and underlying stockwork mineralization. The McIlvenna Bay Deposit consists of several VMS zones, including massive to semi-massive sulphide mineralization in the Main Lens and the stratigraphically higher Lens 3. Immediately underlying the Main Lens is stockwork-style sulphide mineralization in the CSZ. The bulk of the massive sulphide mineralization at McIlvenna Bay is found in the Main Lens which occurs as a single massive sulphide sheet that is separated into two zones, the Upper West Zone and Zone 2, based on the mineralogy of the sulphides. | |
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