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.
Engineering studies are proceeding at McIlvenna Bay, the latest encouraging sign for the highly touted mineral deposit outside Flin Flon. Junior miner Foran Mining Corp., which owns McIlvenna, has hired JDS Energy and Mining Inc. to conduct the studies. The studies will include high-level engineering and development plans for the deposit and will be based on past exploration work. That work includes promising metallurgical testwork announced last summer and an increased mineral resource estimate announced this past spring. Key aspects of the studies will include mine planning and scheduling, mineral processing and flow-sheet design and comparative operating and capital cost analysis of similar scale operations. None of it necessarily means there will be a mine at McIlvenna, but that remains the long-term goal of Foran. 'The studies undertaken by Foran are an important step in the advancement of the deposit and will provide recommendations for the path going forward at McIlvenna Bay,' said Patrick Soares, president and CEO of the Vancouver-based company, in a news release. Foran expects the studies will be completed in the second half of 2013. Foran's flagship McIlvenna Bay property is located in east-central Saskatchewan, 65 kilometres west of Flin Flon. The company calls it 'one of the largest undeveloped volcanogenic massive sulphide deposits in Canada.' Neither the TSX Venture Exchange nor its regulation services provider accepts responsibility for the adequacy or accuracy of information supplied by Foran.
