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Foran Mining Announces First Assay Results from McIlvenna Bay Deposit

Foran Mining, a diversified exploration and development company, has declared the initial assay results from the 2012 drill campaign conducted at its McIlvenna Bay deposit. Under the drill campaign, 15 diamond holes were drilled into the deposit. Assay results for the last six holes are still pending.

Hole MB-12-166 intercepted 7.30% zinc, 0.96% copper, 105.2 g/t silver and 2.08 g/t gold over 6.96 m, including 17.78% zinc, 1.29% copper, 212.4 g/t silver and 3.72 g/t gold over 2.81 m from the Upper West Zone, and returned 1.14% copper and 18.5 g/t silver over 3.96 m from the underlying Copper Stockwork Zone; hole MB-12-171 intercepted 6.90% zinc, 2.22% copper, 52.0 g/t silver and 1.11 g/t gold over 6.22 m, including 17.17% zinc and 48.0 g/t silver over 2.09 m and 7.14% copper, 120.2 g/t silver and 1.78 g/t gold over 0.96 m; hole MB-12-164 intercepted 8.80% zinc over 4.51 m; and hole MB-12-168 intercepted 8.75% zinc over 4.55 m. MB-12-171 drill hole also intersected semi-massive to massive sulphide mineralization in Lens 3, which is located in the hangingwall on top of the main mineralized zones. This hole also encountered two copper stockwork mineralization zones, returning 0.97% copper, 13.0 g/t silver and 0.52 g/t gold over 6.54 m, followed by 0.87% copper over 3.68 m. MB-12-169 drill hole intersected two intervals of semi-massive sulphides. Additional drilling is required to find out how these intercepts are linked to identified mineralized zones.

Foran Mining’s President and CEO, Patrick Soares stated that the company is happy with the initial assay results obtained from the McIlvenna Bay deposit, and these major intercepts have revealed the strong nature of the deposit. Soares added that the company is looking forward to include these latest results into the next resource estimate for the McIlvenna Bay deposit, while it continues to proceed on this base metal deposit.

Source: http://www.foranmining.com/

Joel Scanlon

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Joel Scanlon

Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.

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