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Last C$0.31 CAD
Change Today +0.005 / 1.64%
Volume 95.1K
FOM On Other Exchanges
Symbol
Exchange
OTC US
As of 1:35 PM 04/28/15 All times are local (Market data is delayed by at least 15 minutes).

foran mining corporation (FOM) Snapshot

Open
C$0.30
Previous Close
C$0.31
Day High
C$0.31
Day Low
C$0.30
52 Week High
04/16/15 - C$0.48
52 Week Low
05/20/14 - C$0.14
Market Cap
28.1M
Average Volume 10 Days
332.2K
EPS TTM
C$-0.02
Shares Outstanding
90.8M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for FORAN MINING CORPORATION (FOM)

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foran mining corporation (FOM) Details

Foran Mining Corporation is engaged in the acquisition, exploration, and development of mineral properties in Saskatchewan and Manitoba, Canada. It primarily explores for zinc, copper, gold, and silver, as well as other base metals. The company’s principal property includes the McIlvenna Bay property that comprises 30 claims covering 20,382 hectares located in east central Saskatchewan, west of Flin Flon, Manitoba. Foran Mining Corporation was founded in 1989 and is headquartered in Vancouver, Canada.

5 Employees
Last Reported Date: 04/16/15
Founded in 1989

foran mining corporation (FOM) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: C$226.9K
Chief Financial Officer and Member of Disclos...
Total Annual Compensation: C$170.2K
Vice President of Corporate Development and M...
Total Annual Compensation: C$202.8K
Vice President of Project Exploration
Total Annual Compensation: C$178.4K
Vice President of Exploration
Total Annual Compensation: C$174.9K
Compensation as of Fiscal Year 2013.

foran mining corporation (FOM) Key Developments

Foran Mining Corporation Announces Results of the Second Hole Completed in the Winter 2015 Exploration Program at the Bigstone Deposit

Foran Mining Corporation announced the results of the second hole completed in the winter 2015 exploration program at the Bigstone deposit, on its 100% owned Bigstone property. The Bigstone deposit is located 25 km southwest of Foran's McIlvenna Bay deposit in east-central Saskatchewan, where the Company announced the results of a positive preliminary economic assessment in late 2014. On April 1, 2015 Foran released the results from the first drill hole completed at Bigstone in this program. Drill hole BS-15-240 targeted a zone of high-grade zinc mineralization, with 18.4% Zn over 11.78m, including 27.0% Zn over 7.62m. Individual intervals in BS-15-240 returned up to 41.7% Zn over 0.98m. The Bigstone deposit has an historic mineral resource with both zinc- and copper-rich zones, including a copper zone with an estimated 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). The historic mineral resources outline a vertically oriented, flattened, cylindrical shaped body, in part drill tested between 100 and 700m below surface. 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. The remaining four holes drilled into the Bigstone deposit are currently being logged and sampled; assay results will be released in the coming weeks.

Foran Mining Corp. Announces Audited Consolidated Financial Results for the Year Ended December 31, 2014

Foran Mining Corp. announced audited Consolidated financial results for the year ended December 31, 2014. The company recorded a net loss of $1.46 million or $0.02 per share (basic and diluted). This compares to a net loss of $2.80 million or $0.04 per share (basic and diluted) for the fifteen-month period ended December 31, 2013.

Foran Mining Corporation Intersects High grade Zinc in First Drill Hole at Bigstone: 18.4% Zinc Over 11.78m

Foran Mining Corporation announced results for the first hole completed in the winter 2015 exploration program at the Bigstone deposit, on its 100% owned Bigstone property. The Bigstone deposit is located 25 km southwest of Foran's McIlvenna Bay deposit in east-central Saskatchewan. The Bigstone deposit has an historic mineral resource which includes a copper zone with an estimated 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). The historic mineral resource outlines a vertically oriented, flattened, cylindrical shaped body, in part drill tested between 100 and 700m below surface. In the winter 2015 program a total of six large diameter (HQ) drill holes tested the Bigstone deposit at vertical depths of between 200 and 400m. True thickness of 2015 intercepts are estimated at 60-65% of downhole distance. Objectives for this program include infill drilling of the Bigstone deposit, validation of historic assay results and collection of sufficient material for preliminary metallurgical testwork. Mineralization in drill hole BS-15-240 starts at a depth of approximately 295m vertically below surface. Drill hole BS-15-240 intersected 10m of massive to semi-massive zinc-rich sulphide and 85m of underlying, disseminated and stringer sulphide mineralization within moderately to intensely iron and silica-altered volcanics. Highlights from this interval include 18.4% Zn over 11.78m and 1.4% Cu over 10.59m. Sulphide minerals include pyrrhotite, pyrite, arsenopyrite, sphalerite, chalcopyrite and galena. Starting at a downhole depth of approximately 435m, disseminated chalcopyrite and quartz-chalcopyrite veining, with up to 1.28% Cu over 8.47m, occurs in weakly altered chlorite schist in the footwall to strong alteration and sulphide mineralization.

 

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