Foran Mining Corp T.FOM

Alternate Symbol(s): FMCXF

Metals & Mining Industrial Metals & Minerals

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.

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Foran Mining Corp

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Post by Betteryear2on Sep 04, 2024 8:31am

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Post# 36207641

Foran Announces Assay Results

Highlight intersection 22m at 5.6% CuEq

New Gold and Silver-Rich Zone Identified at Tesla, Potentially Strengthening at Depth

Tesla Zone now Measures 1,200m Along Strike and up to 700m Down Dip and Remains Open in All Directions

Summer Drill Campaign Ongoing, Testing High Priority Regional Targets and Further Definition at Tesla

VANCOUVER, BC, Sept. 4, 2024 /CNW/ - Foran Mining Corporation (TSX: FOM) (OTCQX: FMCXF) ("Foran" or the "Company") is pleased to announce assay results from new step-out holes drilled to expand the Tesla Zone, part of Foran's 100%-owned McIlvenna Bay Property in Saskatchewan. Several holes intersected wide zones of high-grade mineralization and confirm the extensions of the Tesla Zone down-dip, which was interpreted from borehole EM modelling. In addition, several assay results also contain significant gold-rich intersections adjacent to the lower sulphide lenses, which may represent a previously unrecognized mineralization style at Tesla. Following our release of the Tesla Exploration Target on July 15, 2024, these new intersections suggest that the Tesla Zone remains open for potential expansion with further drilling.

Foran Announces Assay Results from Tesla Expansion Drilling and Newly Identified Gold Zone (newswire.ca)