| Announcement Date: | 2022-08-16 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | NI43-101 |
| Company name: | Foran Mining Corp. |
| Project name: | McIlvenna Bay |
| Location: | Canada |
| Commodities: | Gold,Silver,Copper,Zinc |
| Highlight: | Drilling results incl. 11.9m @ 1.18% Cu, 13.04% Zn, 16.9g/t Ag, 0.2g/t Au from 875.5m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Vancouver, BC (August 16, 2022) Foran Mining Corporation (TSX.V: FOM) (OTCQX: FMCXF) (“Foran” or the “Company”) is pleased to announce additional results from drilling at the recently discovered Tesla Zone on its McIlvenna Bay Project in Saskatchewan. Results in this release include remaining intercepts from the initial discovery hole (see our June 8, 2022 press release) and initial assays from a wedge hole testing up-dip potential. Complete assay results have now been received for the Tesla Zone discovery hole (TS-22-03), resulting in a significant expansion of the mineralized intervals. Results have also been received for the first wedge hole (TS-22-03w2) completed as follow up on the discovery, which intersected the Tesla mineralization to the north of the original drill hole (Figure 1). The full assay results from TS-22-03 indicate that the Tesla Zone consists of continuous disseminated and fracture filling sulphide mineralization containing significant copper and zinc over approximately 100m of core length with several high-grade intervals of semi-massive to massive sulphide mineralization (Figure 2). Results from TS-21-01 have also been received |
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