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Mining Report: Foran plans Flin Flon public meeting over McIlvenna Bay project

Foran Mining will be coming to town later this week to answer questions from the public about its in-progress McIlvenna Bay project.
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Core samples stored in a box.

Foran Mining will be coming to town later this week to answer questions from the public about its in-progress McIlvenna Bay project.

The company, which is planning to move along its mine project near Hanson Lake, will hold a public information event at Flin Flon City Hall April 29. The event is the first of its kind held by Foran in Flin Flon in recent memory and the first since it released results of a feasibility study for the site in February, showing a total indicated resource of just over 39 million tonnes and reserve grades of 1.23 per cent copper, 2.39 per cent zinc, 0.47 grams/tonne gold and 15.3 grams/tonne of silver.

The company plans to start a mine up at its McIlvenna Bay property, having recently received permits from the Saskatchewan government to build a decline at the site. The decline is currently being used to aid in underground surveying and testing, according to statements made by the company earlier this year.

Between initial and sustaining capital costs, the total price tag to start a mine for McIlvenna Bay has been put at just shy of $850 million. The company has said in the past that it plans for McIlvenna Bay to be carbon neutral from its first day of production, if it goes ahead.

“The neighbouring Flin Flon district has been operating for close to a century and it is our vision to transform the Hanson Lake District into the next multi-decade mining camp,” said Foran executive chairman and CEO Dan Myerson in a statement issued earlier this year.

“Critically, Foran will be resolute in our effort to operate a mine of the future, targeting carbon neutrality and creating a sustainable asset for local communities in a decarbonizing world.”

The McIlvenna Bay property is located about 85 kilometres from Flin Flon and is accessed by a gravel road off the existing Hanson Lake Road, Saskatchewan Highway 106.

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