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Last C$0.27 CAD
Change Today +0.025 / 10.42%
Volume 230.7K
FOM On Other Exchanges
As of 3:59 PM 03/26/15 All times are local (Market data is delayed by at least 15 minutes).

foran mining corporation (FOM) Snapshot

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03/31/14 - C$0.27
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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.

6 Employees
Last Reported Date: 03/28/14
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 the Confirmation and Expansion of Massive Sulphide Mineralization at the Thunder Zone on its 100% Owned Balsam Property

Foran Mining Corporation announced the confirmation and expansion of massive sulphide mineralization at the Thunder Zone on its 100% owned Balsam property. The Thunder Zone is located 7 km southeast of Foran's McIlvenna Bay deposit (McIlvenna Bay) in east-central Saskatchewan, where the company announced the results of a positive preliminary economic assessment in late 2014. Thunder Zone massive sulphides appear to be thickening down plunge to the northwest and the zone is open in this direction. A fence of three holes drilled by Cameco in 1990 intersected strong VMS alteration and massive to disseminated and stringer-style mineralization 65m to the southeast of BA-15-80 and -82. Drill hole BA-03 intersected 10.9% Cu, 1.2% Zn, 0.75 g/t Au and 44.6 g/t Ag over 0.2m and 1.2% Cu over 1.9m. Up- and down-dip from BA-03, holes BA-05 and -06 intersected strong alteration, and intervals of disseminated to massive sulphide mineralization with low grades. The Thunder Zone remains open to the southeast beyond this fence of holes. Historic drill hole BA-07 intersected up to 2.60% Zn, 0.47% Cu, 0.82 g/t Au and 17.5 g/t Ag over 1.1m down dip from BA-13-77. Collar locations of these historic holes have been surveyed; however downhole surveys have not yet been attempted. Program update & looking ahead: Foran's winter 2015 exploration program commenced in January and includes drilling of both the Thunder Zone and the Bigstone deposit (Bigstone), an historic mineral resource on the Bigstone property. Following the completion of drilling, Foran plans to conduct borehole electromagnetic surveys on select drillholes from each of the areas drilled. A 50 line km large loop DEEP-EM survey (the same survey type that identified the Thunder Zone conductor) is scheduled for late March-early April 2015 to explore prospective stratigraphy 4 to 8 km north of McIlvenna Bay. Drilling of the Thunder Zone is now complete, with 1,914.2m in five diamond drill holes; all assays from the Thunder Zone have now been received. Further drilling of the Thunder Zone is required to determine the extent of this deposit and management are currently evaluating next steps for follow-up work. Drilling at Bigstone is currently ongoing, with four of six planned drill holes complete; assay results will be released once received. Bigstone drilling is being conducted with HQ diameter drill core to obtain sufficient material for initial metallurgical testwork. Bigstone drilling is targeting an historic mineral resource located 25 km west of McIlvenna Bay. The historic mineral resource includes a copper zone with an estimated 3.75Mt grading 2.03% Cu and 0.33 g/t Au at a 1% Cu cutoff, and an adjacent zinc zone with an estimated 0.53Mt grading 9.62% Zn and 15.9 g/t Ag at a 5% Zn cutoff.

Foran Mining Corp. Presents at Prospectors & Developers Association Conference 2015, Mar-02-2015 02:40 PM

Foran Mining Corp. Presents at Prospectors & Developers Association Conference 2015, Mar-02-2015 02:40 PM. Venue: Toronto, Ontario, Canada. Speakers: Patrick Soares, Chief Executive Officer, President, Director and Member of Disclosure Committee.

Foran Mining Corp. Presents at Mines and Money London 2014, Dec-01-2014 through Dec-05-2014

Foran Mining Corp. Presents at Mines and Money London 2014, Dec-01-2014 through Dec-05-2014. Venue: Business Design Centre, 52 Upper Street, Islington, N1 0HQ, London, United Kingdom. Presentation Date & Speakers: Dec-02-2014, Patrick Soares, Chief Executive Officer, President, Director and Member of Disclosure Committee. Dec-03-2014, Patrick Soares, Chief Executive Officer, President, Director and Member of Disclosure Committee.


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