Foran Mining has released partial assay results from drilling at the near mine Tesla target on its McIlvenna Bay Project 65 kilometers west of Flin Flon. They report drilling has encountered 200 meters of continuous massive and disseminated sulphides. Assay results received to date highlight significant copper, zinc, gold mineralization with geophysical modeling suggesting the zone could reach to 300 meters from Foran’s McIlvenna Bay deposit with an additional drill rig ordered to expand the 2022 drilling program.
Executive chairman and CEO Dan Myerson states while it’s still early days this new discovery is a potential game changer and could drive future value from economies of scale under a centralized milling scenario with the planned and existing infrastructure at McIlvenna Bay.
They also plan drill testing of established targets at Bigstone and Marconi on their Bigstone Property 25 kilometers west of McIvenna Bay and drilling at the Flinty Prospect 7 kilometers southeast of McIlvenna Bay.