Volcanogenic massive sulphide (VMS) deposits are significant contributors to the production of copper, zinc and lead and also play a role in the production of precious metals like gold and silver.
Volcanogenic massive sulphide (VMS) deposits are significant contributors to the production of copper, zinc and lead and also play a role in the production of precious metals like gold and silver. There are more than 900 VMS deposits globally and junior exploration companies like Foran Mining (TSXV:FOM) are conducting extensive exploration work in regions across the world to uncover their potential to supply the zinc, copper and lead markets. Specifically, Foran is targeting the VMS deposit that underlays its McIlvenna Bay project in the mining-friendly jurisdiction of Saskatchewan, Canada.
Foran has recently sponsored an infographic that explains the various aspects of VMS deposits and how they contribute to base metal production. According to the piece, VMS deposits exist worldwide and often appear in clusters that follow tectonic plate boundaries. Some of the major VMS camps are located in Canada and include Flin Flon (Manitoba), Bathurst (New Brunswick) and Noranda (Quebec). Current global metal production from VMS deposits account for 22 percent of zinc, 9.7 percent of lead, 6 percent of copper, 8.7 percent of silver and 2.2 percent of gold. This makes these types of deposits particularly interesting for exploration companies.
To see the full infographic, click here.