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Foran Mining Corp FMCXF


Primary Symbol: T.FOM

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

Comment by starboy101on Nov 11, 2021 3:47pm
206 Views
Post# 34116644

RE:RE:Its a shame

RE:RE:Its a shame
Ya I think Glencore could end up with the entire company in the end they are a very smart company bit of a shady past but very good at what they do. Your points are all correct jurisdiction is very important and they couldn't be in a better place in Canada and probably only behind Nevada as far as North America goes.

As you know this is a VMS my favourite type of deposits and with VMS deposits they are typically found in clusters. Where theres one there are usually more and we all know theres at least one more ie. the Bigstone. As you know previous drilling as returned some of the best drill holes anywhere. I mean 105 metres of 2% copper I mean thats spectacular.

So with 40 million tonnes theres already more than enough to go into production with. But the kicker is there is still lots of potential for more reserves. The company announced the results of geophysics which show six potential targets including a Bigstone south targer. I don't think I have seen any results from Bigstone on this current drill program as yet but I await with baited breath.


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