Foran Mining, a diversified exploration and development company, has declared the results of the 2012 regional drilling program conducted at the Bigstone and McIlvenna Bay properties.
Location of Regional Program drill holes
The regional program included drilling of eight diamond holes, totaling 2,387 m, wherein the company drilled four holes on the two properties. This program was specifically designed as a preliminary analysis of several electromagnetic conductors that were discovered from the analysis of a helicopter-borne, versatile time domain magnetic and electromagnetic (VTEM) survey, which was carried out by Foran during fall 2011.
The regional program results were encouraging. Both the properties were cut by sulphide conductors. The company intersected volcanogenic massive sulphide (VMS) style mineralization, containing more pyrrhotite and related alteration, as well as scant amounts of base metal sulphides along with some copper, gold and zinc.
The location of the Bigstone and McIlvenna Bay properties is in the east central Saskatchewan. The McIlvenna Bay is situated 65 km towards the western part of Flin Flon, Manitoba and the Bigstone property lies a further 25 km towards the western part. Operators had previously explored the Bigstone property and have defined VMS mineralization zone, rich in copper and zinc.
Foran drilled four holes, totaling 1,211 m in order to examine VTEM conductors at the McIlvenna Bay property. The drill holes were collared from 1 to 7 km farther away from the company’s McIlvenna Bay deposit.
The company performed the regional program between 9 April and 5 May, 2012, following the completion of a winter drill program on the McIlvenna Bay deposit.