Foran Mining Corporation has announced the final results from their summer resource definition drill program at their McIlvenna Bay copper zinc deposit 65 kilometer west of Flin Flon. That includes encountering 39 meters of 3.13 percent copper equivalent intersected in the heart of the deposit.
Their President and CEO Patrick Soares says the 2018 McIlvenna Bay drill program has been an unqualified success. He explains tighter drill spacing in deeper parts of the deposit should upgrade a significant portion of the inferred resources to the indicated category which in turn should roll into the mineral reserve. Engineering and metallurgical studies are underway he added and the project is on track to deliver a feasibility study in the second half of next year. Soares notes they are working hard to advance McIlvenna Bay towards a production decision he hopes will catch the anticipated copper-zinc price rebound.