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Last C$0.15 CAD
Change Today +0.005 / 3.45%
Volume 9.5K
FOM On Other Exchanges
As of 3:50 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

foran mining corporation (FOM) Snapshot

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04/16/15 - C$0.48
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foran mining corporation (FOM) Details

Foran Mining Corporation engages in the acquisition, exploration, and development of mineral properties in Saskatchewan and Manitoba, Canada. It primarily explores for copper, zinc, lead, gold, and silver deposits. The company’s flagship project is the McIlvenna Bay Property that comprises 30 claims covering an area of 20,382 hectares located in east central Saskatchewan. 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 and Direct...
Total Annual Compensation: C$168.7K
Chief Financial Officer
Total Annual Compensation: C$124.5K
Vice President of Corporate Development
Total Annual Compensation: C$147.2K
Vice President of Exploration
Total Annual Compensation: C$133.0K
Vice President of Project Exploration
Total Annual Compensation: C$131.8K
Compensation as of Fiscal Year 2014.

foran mining corporation (FOM) Key Developments

Foran Mining Corporation Announces Positive Results from the 2015 Winter Drill Campaign

Foran Mining Corporation announced that based on positive results from the 2015 winter drill campaign, the company plans to commence metallurgical studies on the Bigstone deposit, located in east-central Saskatchewan, 25 km southwest of Foran's McIlvenna Bay deposit. The historic mineral resource outlines a vertically oriented, flattened, cylindrical shaped volcanogenic massive sulphide deposit, in part drill tested between 100 and 700m below surface. The 2015 winter campaign tested the central part of the deposit at vertical depths of 200 to 350m with six drill holes, all of which intersected broad intervals of copper+/- zinc mineralization. highlights include: 2.0% Cu over 105.0m, including 4.1% Cu over 20.4m in BS-15-239, and 18.4% Zn over 11.8m, including 270% Zn over 7.6m in BS-15-2402.

Foran Mining Corporation Announces Unaudited Consolidated Financial Results for the First Quarter Ended March 31, 2015

Foran Mining Corporation announced unaudited consolidated financial results for the first quarter ended March 31, 2015. The company recorded a net loss of $510,401 or $0.01 per basic and diluted share. This compares to a net loss of $391,005 or $0.00 per basic and diluted share for the three-month period ended March 31, 2014.

Foran Mining Corp. Announces Results of the Final Three Infill Drill Holes at the Bigstone Deposit

Foran Mining Corp. announced the results of the final three infill drill holes at the Bigstone deposit. Six holes were drilled at the Bigstone deposit as part of the winter 2015 exploration program. The Program included drilling 4,459m (1,914m in five drill holes at the Thunder Zone on the Balsam property and 2,545m in six drill holes at the Bigstone deposit), as well as surface and borehole geophysics. The Bigstone deposit has an historic mineral resource with both zinc- and copper-rich zones. The copper-rich Main Zone occurs as a vertically oriented, flattened, cylindrical shaped body, in part drill tested between 100 and 700m below surface. The principal objective of the Program at Bigstone was to test the central portion of the deposit at depths of 200 to 350m below surface to infill the historic resource and gain a better understanding of the deposit geology. Drill intersections from the Program will support the validation of the historic drillhole database and aid in the completion of an updated mineral resource estimate. Large diameter HQ drill core has also provided sample material for initial metallurgical testwork. Drill hole BS-15-242 on Section 1625N intersected the same high-grade Zn-rich massive sulphide zone encountered approximately 50m down-dip in BS-15-240. This was followed by a zone of Zn-rich stringer style mineralization and below this a broad interval of copper-rich disseminated and stringer-style sulphide mineralization in the Main Zone. Drill hole BS-15-243 is the northernmost hole drilled in the Program. This drill hole cut Zn-rich massive sulphide followed by a broad interval of Cu-rich Main Zone mineralization, similar to that encountered in drill holes BS-15-239 and BS-15-241 50m along strike to the southwest. BS-15-243 also intersected an interval of stringer-style zinc-rich mineralization (2.97m grading 11.16% Zn) located below the Main zone which appears to be related to the new zone of mineralization identified during the Program. Drill hole BS-15-244 is the southernmost hole drilled in the Program. This drill hole also cut the Zn-rich massive sulphide zone, approximately 25m southwest along strike from the high-grade Zn intercept in BS-15-240. Similar to BS-15-240, this hole returned very high zinc and silver grades (15.1% Zn, 777.9g/t Ag and 0.32g/t Au (36.56% CuEq) over 4.84m, including 32.4% Zn, 2,322.8g/t Ag, and 0.76g/t Au (95.9% ZnEq) over 1.58m from this zone. Below the massive sulphide horizon, BS-15-244 intersected a zone of zinc +/- copper-rich stringer-style mineralization (7.77% Zn and 1.19% Cu over 29.0m) at a location where the Main Zone copper body should be. It appears that at this location there is a transition from dominantly copper-rich to zinc-rich material.


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