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Foran Mining (TSXV:FOM) reported that at the Bigstone deposit in Saskatchewan, the 3rd of 6 infill drill holes intersected broad and closely-spaced intervals of copper-gold mineralization. Highlights include 2.59% copper and 0.67g/t gold over 31.0 meters and 1.54% copper and 0.36g/t gold over 23.5 meters. The winter drilling program was conducted between January to April of 2015, and is now complete, with results from the 3 other drill holes pending. The program also included drilling of
1,914 meters in 5 drill holes in the Thunder Zone on the Balsam property and 2,545 meters in 6 drill holes in the Bigstone deposit.
As quoted in the press release:
- The third of six infill holes drilled at the Bigstone deposit intersected three broad and closely spaced intervals of copper-gold mineralization with a cumulative width of 86m within the Main Zone
- Highlights from drill hole BS-15-241 include:
- 2.59% Cu and 0.67g/t Au over 31.0m (including 3.07% Cu and 0.85g/t Au over 23.5m),
- 1.17% Cu and 0.12g/t Au over 31.5m (including 2.18% Cu and 0.31g/t Au over 8.0m), and
- 1.54% Cu and 0.36g/t Au over 23.5m (including 6.00% Cu and 0.69g/t Au over 2.45m)1
- Drilling is now complete – results from the remaining three drill holes at Bigstone will be released in the coming weeks
About the Bigstone Deposit:
The Bigstone deposit has an historic mineral resource with both zinc- and copper-rich zones, including copper-rich mineralization in the Main Zone (formerly the Copper Zone) with an estimated 3.75Mt grading 2.03% Cu and 0.33 g/t Au (1% Cu cutoff), and an adjacent zinc-rich massive sulphide zone with an estimated 0.53Mt grading 9.62% Zn and 15.9 g/t Ag (5% Zn cutoff)2. The historic mineral resources outline a vertically oriented, flattened, cylindrical shaped body, in part drill tested between 100 and 700m below surface.
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.
Click here to read the Foran Mining (TSXV:FOM) press release
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