Local News

A Mineral Property Has Moved One Step Closer to Development.

Foran Mining Corporation has filed their technical report for the recent revised resource estimate for the McIlvenna Bay Deposit 65 Kilometers west of Flin Flon. They note the Resource Estimate represents a significant milestone for the Company as it progresses with a Feasibility Study for potential development of the Deposit.

             

As they reported earlier there has been substantial growth in the Deposit since the 2013 Resource was issued demonstrated by the large increase in contained metal in the Deposit including an 89 percent increase in contained zinc, a 52 percent increase in contained copper, a 61 percent increase in contained silver and a 48 percent increase in contained gold in the indicated category.

             

In December 2017 Foran had announced an agreement with Glencore Canada Corporation to provide technical expertise and advice in order to advance McIlvenna Bay to feasibility in exchange for an off-take agreement on the metals and minerals produced from the Deposit.

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