Foran Mining Corporation: Drilling Begins at McIlvenna Bay
Foran Mining Corporation (”Foran”) is pleased to announce that drilling has begun at its McIlvenna Bay property.
The McIlvenna Bay deposit occurs within the Company’s Hanson Lake property which comprises 26 claims totalling 12,950ha and is located approximately one kilometre south of Hanson Lake, Saskatchewan.
A nine hole in-fill diamond drilling program has been developed with the specific intention to upgrade the mineral resources from inferred to indicated and to trace their extension down plunge to the northwest.
Barkor Drilling Inc. of Snow Lake, Manitoba will be using a new Discovery EF-50 drill capable of drilling NQ size to 1,500 meters. The crew assembled for the drill program has previous experience in drilling the McIlvenna Bay deposit.
A significant mineral resource was previously estimated with indicated resources totalling 6,671,000 t at a grade of 0.87% Cu, 6.51% Zn, and 26.0 g/t Ag. Inferred resources total 6,000,000 t at a grade of 0.83% Cu, 5.89% Zn, and 24.8 g/t Ag.
