Foran Mining Corporation(TSXV: FOM) has drilled high-grade intercepts from three holes completed during the 2021 exploration programme at its 100%-owned Bigstone deposit, located 25 km southwest of its McIlvenna Bay deposit in east-central Saskatchewan.
Highlights:
- Hole BS-21-245 returned 9.5m of 14.0% Zn, 0.42% Cu, 76.9 g/t Ag and 0.37 g/t Au, including 0.9m of 57.2% Zn, 0.28% Cu, 24.9 g/t Ag and 0.06 g/t Au.
- High-grade results from hole BS-21-245 compare favourably to the existing Indicated resource grade of the Massive Sulphide zone at Bigstone of 9.9% Zn, 0.25% Cu, 16.5 g/t Ag and 0.33 g/t Au.
- Precious metal anomalies were also intercepted in several holes at Bigstone, including 0.5m of 63.0 g/t Ag, 5.49 g/t Au in hole BS-21-246 and 0.5m of 454.0 g/t Ag and 2.06 g/t Au in hole BS-21-247. Hole BS-21-246 also hit 3.1% Cu within the same intercept.
Executive Chairman and CEO, Dan Myerson, said preliminary intercepts continue to strengthen Foran’s confidence in both the Bigstone deposit and the entire region where we will be testing additional targets in 2022.
“High-grade intercepts like these are rare and very exciting, and in the case of Foran, further emphasise the expansion opportunities at our already-established camp and showcase what Hanson Lake District has to offer.
“These are the first results at Bigstone since our initial and limited drilling campaign in 2015, and these intercepts from our 2021 program outline the ongoing opportunity to discover additional mineralisation and potentially establish Bigstone as a high-grade deposit that could feed our future centralised milling facility at McIlvenna Bay.
“We are especially positively surprised by the high-grade zinc intercepts as well as encouraged by the continuation of significant copper values which continue to illustrate the robust nature of the Bigstone deposit, where we believe we are currently just scratching the surface of the potential of the entire Bigstone area.
“It is also very promising to encounter recurring gold and silver anomalies that could potentially lead to higher precious metal content within the deposit and could be discovered at other targets.
“Bigstone and the surrounding area have the potential to become a key contributor in our goal to develop the district into Canada’s next mining camp, and we expect to share results from our near-mine exploration programme as we test new prospective targets in 2022.”
For further information please visit: https://foranmining.com/