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Foran Mining Corp T.FOM

Alternate Symbol(s):  FMCXF

Foran Mining Corporation is a Canada-based copper-zinc-gold-silver exploration and development company. The Company's high-priority properties include the McIlvenna Bay Property, which contains the McIlvenna Bay Deposit and the Tesla Zone, and three adjacent properties - Hanson, Balsam and Bigstone, all of which occur at the western limit of the Flin Flon Greenstone Belt. The Company, through its wholly owned subsidiary McIlvenna Bay Operating Ltd., has a 100% interest in the McIlvenna Bay Property, which consists of over 44 claims covering a total of 29,418 hectares (ha) and is located in east central Saskatchewan. It holds a 100% interest in the Bigstone property, which consists of around 22 claims totaling 24,578 ha and is located 85 km west of Flin Flon, Manitoba. It holds approximately seven properties comprising a total of 92 mining claims covering 103,336 ha and also holds the Denare West property title in trust, which consists of 10 mining claims and covers over 21,066 ha.


TSX:FOM - Post by User

Bullboard Posts
Comment by MiningDon Apr 06, 2018 10:33am
131 Views
Post# 27842287

RE:Feasibility Study???

RE:Feasibility Study???
  • Glencore would be responsible for all engineering and technical aspects of the Feasibility Study which is to be delivered nine months from the date of receiving the final assays from the infill drilling program.*1
  • A Phase II drill program comprised of approximately 7,500m is scheduled after spring break-up and is intended to target areas of the deposit that can be drill-tested under summer conditions.*2
I would use phase II as a proxy. If it will be done summer or fall? (I dont know when they plan to complete it), expect 9-12 months after that based on the first point. 

*1 https://www.foranmining.com/news/foran-mining-enters-into-technical-services-agreement-to-advance-mcilvenna-bay

*2 https://www.foranmining.com/assets/docs/FOM-NR%2002%20MAR%202018%20-%20McIlvenna%20Bay%20Drilling%20Update%20-FINAL.pdf
Bullboard Posts