Foran Mining Corporation today announced that it has granted 1,025,000 incentive stock options to Directors, Officers and Employees of the Company. The options are set for a period of five years, expiring on January 24, 2017, and will allow the holder to purchase a share in the Company at a price of $0.80. Foran trades on the TSX.V under the symbol "FOM".
Foran Mining is pleased to announce the commencement of metallurgical testwork and new assay results from drilling at the Company's 100% owned McIlvenna Bay deposit. Drilling at McIlvenna Bay between August and December, 2011 was designed to collect material for metallurgical testwork, complete infill holes to upgrade the existing resource and to begin to test the updip extent of copper stockwork zone ("CSZ [...]
Foran has today filed on SEDAR a National Instrument 43-101 compliant technical report entitled "Technical Report on the McIlvenna Bay Project, Saskatchewan, Canada", dated December 9, 2011, and prepared by Mr. David W. Rennie, P.Eng., of Roscoe Postle Associates. Mr. Rennie is a Qualified Person as defined in National Instrument 43-101 and both Mr. Rennie and RPA are independent of Foran. The Report is in support of a [...]
Foran Mining is pleased to provide an update on regional exploration and property ownership of its landholdings surrounding the Company's McIlvenna Bay deposit, in east central Saskatchewan. On November 2, 2011, Foran announced a significant new resource at McIlvenna Bay, the results of which are summarized below. The landholdings surrounding the McIlvenna Bay deposit, which together cover over 27,000 hectares in the [...]
Foran is pleased to announce an 85% increase in the global tonnage of mineral resources in the indicated category and a 60% increase in the inferred category at the McIlvenna Bay Deposit. This increase represents the first comprehensive, independent, National Instrument 43-101 compliant mineral resource estimate for the Copper Stockwork Zone at the Deposit. The copper-rich 2011 Resource is located immediately adjacent to [...]
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