Foran Mining Corporation

Description

Foran Mining Corporation is a junior metal mining and exploration company.

It explores base metals like copper and zinc and precious metal properties like gold and silver.

Foran Mining Corporation is a publicly listed company on the TSX Venture Exchange Market with common stocks trading under the symbol of ‘FOM’. In addition to the TSXV, the Vancouver-based exploration and development company also list and trades its common shares on the OTCQX Best Market (since April 20, 2021) under the symbol of ‘FMCFX’.

The mining and exploration project portfolio of the Foran Mining Corporation includes:

McIlvenna Bay Property

It is situated nearly 85 kilometers away by road from Manitoba in the east central Saskatchewan. McIlvenna Bay Project is the flagship project holding a 100 per cent stake in the property with royalty of one per cent charged by Cameco Corporation and BHP Billiton.

McIlvenna Bay hosts copper and zinc volcanogenic massive sulfide deposits on the eastern edge of the Flin-Flon Greenstone Belt.

The firm says that the project is well equipped with road, air, and railway transport.

VMS Deposits are divided into five types:
• bimodal-mafic
• mafic associated
• mafic siliciclastic
• felsic siliciclastic
• bimodal felsic

Bigstone Deposits is 100 per cent owned by the company and is situated nearly 25 kilometers west of the flagship project.

The portfolio also includes Hanson Lake Project and Balsam Project.

In a press release dated April 22, 2021, Foran Mining Corporation partnered with Carbonzero and Synergy Enterprises to correctly record and buy offset for the carbon emission due to its mining and exploration operations for the last ten years at the McIlvenna Bay Project site.

The company is planning to make the copper development project carbon neutral.

In a press release dated June 8, 2021, Foran Mining Corporation mentioned that it identified six new high prospects at the McIlvenna Bay Property and would start exploration and drill programs in July.