The Reminder is making its archives back to 2003 available on our website. Please note that, due to technical limitations, archive articles are presented without the usual formatting.
Foran Mining Corp. has commissioned a ground-based, deep-penetrating time-domain electromagnetic geophysical survey on its McIlvenna Bay, Hanson and Balsam properties outside Flin Flon. The survey, abbreviated as DEEP EM, will be conducted by Koop Geotechnical Services, a Flin Flon area company. 'VMS (volcanogenic massive sulphide) deposits typically form in clusters,' said Patrick Soares, president and CEO of Foran, 'as evidenced by the many VMS deposits discovered in the nearby Flin Flon mining camp, with 16 deposits, and the Snow Lake mining camp, with nine deposits. 'To the west of Flin Flon, in and around Foran's 43,000-hectare land holdings, we already know of our large McIlvenna Bay deposit, a small high-grade past producer, several zones with historic mineral resource estimates and numerous showings and occurrences, thereby demonstrating the clustering of VMS mineralization in the McIlvenna Bay area. 'The DEEP EM survey will focus on identifying conductive targets within the highly prospective volcanic stratigraphy that hosts the McIlvenna Bay deposit, with the objective of identifying new zones or lenses of VMS mineralization under cover'. Work on the DEEP EM survey will commence immediately and is anticipated to take four to six weeks, allowing for the potential to test high-priority targets in the later part of the winter 2013 drill program, which commenced last month. The DEEP EM survey will cover 11 kilometres of strike extent, including seven kilometres of the stratigraphic package that hosts the McIlvenna Bay deposit and an additional four kilometres to the southeast around Foran's Balsam zone. The McIlvenna Bay, Hanson and Balsam properties are all located in proximity to Foran's McIlvenna Bay property, located 65 kilometres west of Flin Flon. The Vancouver-based Foran owns 100 per cent of those properties. Teck Resources Limited holds back-in rights on the Balsam and Hanson properties. Neither the TSX Venture Exchange nor its regulation services provider accepts responsibility for the adequacy or accuracy of information supplied by Foran. _ Compiled from a Foran Mining Corp. news release
