Foran Mining Corporation has announced details of its expanded 2023 exploration program at its McIlvenna Bay project 65 kilometers west of Flin Flon.
Executive Chairman and CEO Dan Myerson commented 2022 has been a truly transformation year for the Company. He says following the announcement of our initial phase feasibility study, Foran made a significant near mine discovery in the Tesla Zone and also announced the proposed strategic investment by Ontario Teacher’s Pension Plan. However he adds our greatest success has been the growth of our most important commodity people as we continue to bolster our talented team and culture. He says we look to carry this strong momentum into 2023 as we further de-risk McIlvenna Bay with credit facility discussions progressing very positively and expanded exploration activities underway to potentially unlock the untapped value of our properties towards building Canada’s next great mining district. He noted in 2023 Foran is targeting 35 thousand meters in near mine and regional exploration in addition to completing geophysics and compilation work with a total direct spend of 18 million dollars.