#Canada #Vancouver #Foran Mining #McIlvenna Bay #Bridge Zone

Foran Mining Corporation Expands McIlvenna Bay Potential

Foran Mining Corporation (TSX: FOM) (OTCQX: FMCXF), a prominent name in the mining sector, recently shared encouraging findings from its ongoing drilling activities at the McIlvenna Bay Project located in east-central Saskatchewan. These results come from the company's 2025 winter drill program, designed to explore the project's extensive mineralization potential.

Significant Discoveries at McIlvenna Bay

The highlights of this season's drilling endeavors began with the initial hole of the winter campaign, which aimed to investigate the prospective extension of the McIlvenna Bay Deposit and to enhance understanding of the Bridge Zone. Notably, drill hole BZ-25-01 reached 200 meters down plunge from the nearest previously explored resource drill holes and unveiled substantial mineralization intersections.

Drill core from the BZ-25-01 hole indicated a promising combination of with 21.8 meters showing 1.28% Copper (Cu), 1.11% Zinc (Zn), 13.3 g/t Silver (Ag), and 0.57 g/t Gold (Au), with inner intervals peaking at 2.22% Cu over 3.0m. Moreover, the borehole also featured 40.6 meters of contiguous mineralization from the principal resource zones, revealing potentially lucrative grades that exceed average reserve expectations.

Expansion Potential Assessed

The findings from the BZ-25-01 drill hole underscore a significant opportunity for resource expansion at McIlvenna Bay. These results imply that the mineralization not only continues below the previously defined resource limits but may show even richer characteristics deeper down. Erin Carswell, Foran’s Vice President of Exploration, remarked on the implications of these findings: “The drill results not only affirm the expansion of the Bridge Zone mineralization, but they also suggest that the McIlvenna Bay Deposit could extend beyond its current resource boundaries.”

This exploration phase is pivotal in validating whether the mineralization continues to be interspersed between the noted Tesla Zone and the McIlvenna Bay Deposit, which presently houses five known massive sulphide lenses based on a cumulative 240 drill holes.

Largest Drill Program in Company’s History

Foran's 2025 drilling season is characterized as the grandest ever staged by the company to date, incorporating over 30,000 meters of drilling with eight rigs actively engaged. This will facilitate focused advancement of the Tesla Zone's resource estimation alongside a deepened exploration of the Bridge Zone, which is strategically located about 5km from McIlvenna Bay.

The company’s progression in exploring these zones could establish a robust foundation for growth, with ongoing assays expected to yield additional critical data. Downhole intersections showing mineralization related to the Bridge Zone are increasingly defining its economical viability, showcasing a robust connection between these zones.

Conclusion

As drill rigs persistently operate at McIlvenna Bay, the future looks promising not just for Foran Mining but also for regional economic growth. Continued success through the current drilling endeavors is anticipated to reveal further mineralization opportunities and deepen the understanding of the project’s geological configuration. The anticipated progress in 2025 indeed engenders excitement and optimism among stakeholders, positioning Foran Mining as a key player in the sustainable mining narrative of the region.