SASKATCHEWAN - Foran Mining of Vancouver has received a new copper resource numbers for its McIlvenna Bay volcanogenic massive sulphide (VMS) project 60 km west of Flin Flon. The Copper Stockwork zone (CSZ), the target of this estimate, is adjacent to and in addition to the resources previous estimated for the zinc-silver-rich massive and semi-massive sulphides in 2006.
The CSZ has an indicated resources of 5.6 million tonnes grading 1.55% Cu, 0.27% Zn, 0.53 g/t Au and 11.00 g/t Ag, or a copper equivalent of 1.91%. The inferred portion is 3.6 million tonnes grading 1.48% Cu, 0.43% Zn, 0.35 g/t Au and 10.00 g/t Ag (1.81 CuEq).
The 2006 estimate for the massive and semi-massive sulphide zone was 6.5 million tonnes grading 0.82% Cu, 4.60% Zn and 26.00 g/t Ag in the indicated category and 6.0 tonnes grading 0.83% Cu, 5.89% Zn and 25.00 g/t Ag in the inferred category.
The CSZ begins at a depth of 25 to 35 metres below surface and has been traced for a horizontal distance of 1,750 metres and down-plunge for a distance of 1,950 metres. It underlies the massive to semi-massive sulphide mineralization. The first 1,250 metres of this down plunge is included in the 2011 resource. For most of its length, the CSZ extends upwards in elevation above the upper limit of the sulphides and is open to depth and along the upper edge of the resource area towards surface.
The history of the McIlvenna Bay property and other details are available at www.ForanMining.com.
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