Local News

Plans Are Being Developed for a Deposit West of Flin Flon to Become a Producing Mine.

In a recent interview with C-Suite at The Open Foran Mining President Patrick Soares outlined plans for the copper zinc deposit at McIlvenna Bay 65 kilometers west of Flin Flon on the Hanson Lake Road.  He reports they’ve added value by taking what was originally a zinc massive sulphide deposit, they infill drilled it, realized it had a copper component with precious metals as well mixed in with it. He says they took on an engineering study, they just did a PEA which is sort of an early snapshot that showed them it was economic and they then went to a pre-feasibility study which they just delivered in March and what they found was that even at currents base metal prices for copper and zinc when these prices are at ten year lows this project still was a viable project and it still warranted going ahead and going to production.

             

Soares adds Flin Flon has relied on mining for the past 100 years, they’re really supporting this project and Foran is working with stakeholders in the area to keep abreast of what they’re doing and pushing forward to getting into production.

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