In his June report Foran Mining President Patrick Soares referred to their resource estimate at McIlvenna Bay 65 kilometers west of Flin Flon. He noted the indicated resource increased by 65 percent from 13.9 million tonnes to 22.95 million tonnes containing 1.5 billion pounds zinc and 590 million pounds copper. Inferred resources are now 11.15 million tonnes containing 450 million pounds of zinc and 340 million pounds of copper.
Soares adds they are looking forward to a technical report to be available in mid-July. He says they’ll also be gathering technical information throughout the summer including metallurgy, recovery, surface infrastructure and underground infrastructure all of which will lead into the mine feasibility due later this year.