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Foran Mining (TSXV:FOM) intersected 2.03% copper over 104.94m, including 4.11% copper over 20.35m and 3.16% copper over 19.00m in hole BS-15-239 — its best drill result to-date from the Bigstone Copper Zone in Saskatchewan, which is 25km away from its McIlvenna Bay deposit. Drilling at the Bigstone deposit has been completed, with results from the remaining four drill holes anticipated in the coming weeks.
Bigstone has a historic resource, estimated in 1990, of 3.75Mt grading 2.03% Cu and 0.33 g/t Au (1% Cu cutoff), and an adjacent zinc zone with an estimated 0.53Mt grading 9.62% Zn and 15.9 g/t Ag (5% Zn cutoff) (note: Foran is not treating the estimate as current; a Qualified Person within the meaning of National Instrument 43-101 has not completed sufficient work to classify the historic estimate as current; additional work, including re-surveying, re-logging and drill core QA/QC would be required to verify and upgrade the historic estimate to current).
As quoted in the press release:
Foran’s winter 2015 exploration program commenced in January and included drilling of both the Thunder Zone on the Balsam property and the Bigstone deposit. Drilling is now complete in both areas, with 1,914m in five drill holes at the Thunder Zone and 2,545m in six drill holes at the Bigstone deposit.
1 Cu = copper, m = metres; 2 The Bigstone historic resource was estimated in 1990; Foran is not treating the historic estimate as current; a Qualified Person within the meaning of National Instrument 43-101 has not completed sufficient work to classify the historic estimate as current; additional work, including re-surveying, re-logging and drill core QA/QC would be required to verify and upgrade the historic estimate to current.
Drill results confirming and expanding the Thunder Zone massive sulphide discovery are summarized in the Foran news release dated March 25, 2015.
The remaining four holes drilled into the Bigstone deposit are currently being logged and sampled; assay results will be released in the coming weeks.
Significant assay intervals for BS-15-239 are summarized in Table 1; true thicknesses are estimated at approximately 60% of downhole distance. Drill hole data for all six holes drilled at Bigstone is presented in Foran’s news release dated April 1, 2015, and a drill plan is shown in Figure 1.
Click here to read the Foran Mining (TSXV:FOM) press release
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