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Foran Mining Corporation announces the final results

Mining News - Published on Mon, 26 Nov 2018

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Foran Mining Corporation announced the final results from the 2018 summer resource definition drill program at its 100% owned Mcllvenna Bay copper-zinc deposit ("Mcllvenna Bay” or the "Deposit") in Saskatchewan. Mr Patrick Soares, President & CEO of Foran, said that "The 2018 Mcllvenna Bay infill drill program has been an unqualified success. Tighter drill spacing in the deeper parts of the deposit should upgrade a significant portion of the inferred resources to the indicated category which in turn, should roll into the eventual Mcllvenna Bay mineral reserve. Engineering and metallurgical studies are underway and the project is on track to deliver a feasibility study in H2 2019."

Mr Soares said that “We are working hard to advance Mcllvenna Bay towards a production decision we hope will catch the anticipated copper-zinc price rebound."

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Posted By : Nanda Koijam on Mon, 26 Nov 2018
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