Local News

A Critical Milestone Has Been Reached West of Flin Flon.

Foran Mining Corporation has announced an increased mineral resource estimate for their McIlvenna Bay Deposit 65 kilometers west of Flin Flon. Indicated resources increased by 65 percent from 2013 estimates to 22.95 million tonnes with additional inferred resources of 11.15 million tonnes.

             

President and CEO Patrick Soares comments in the past 18 months Foran shareholders entrusted their management team with over 14 million dollars of new funds to unlock the value of the McIlvenna deposit and they have reached their first critical milestone by issuing an updated mineral resource estimate which improves their confidence in the grade and tonnage at the deposit including considerable amounts of copper and zinc along with gold, silver and lead.  He adds the contained metal within the deposit has significantly increased since their last resource update and they are now pulling this information into the delivery of another key milestone which is a feasibility study scheduled for release before the end of the year.

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