May 26, 2023
Foran Mining Corporation’s Mcllvenna Bay takes the lead in carbon-neutral copper & zinc development
- Foran Mining is focused on exploring and developing high-quality base metal projects in the province of Saskatchewan
- The company’s flagship McIlvenna Bay project has the potential to be one of the largest undeveloped volcanogenic massive sulfide deposits in Canada
Foran Mining Corporation (TSXV:FOM) has been making waves in the Canadian mineral exploration industry, and its recent inclusion on this year's Venture 50 list is a testament to its success.
With its sights set on developing high-quality base metal projects, Foran Mining has been making significant strides in one of the world's premier mining jurisdictions - Saskatchewan. The company's flagship project, McIlvenna Bay, is a standout opportunity, with its significant and scalable resource making it the world's first carbon-neutral copper development project. Here are some highlights:
- McIlvenna Bay is the largest undeveloped VHMS deposit along the prolific Flin Flon Greenstone Belt
- Designed around a newly defined reserve accessed by new development and shares geologic characteristics similar to other major mines along the Flin Flon Greenstone Belt
- Recent feasibility results outlined an initial phase 18-year mine life producing 65 Mlbs of copper equivalent at an average all-in sustaining cost
- The project has been designed with environmental and social considerations in mind, with a commitment to responsible and sustainable development
In conclusion, Foran Mining's focus on high-quality base metal projects in Saskatchewan, particularly its flagship McIlvenna Bay project, has earned it a place on this year's Venture 50 list. The company's commitment to responsible and sustainable development, combined with its potential for growth and strong performance, makes it an exciting and promising player in the Canadian mineral exploration industry.
To learn more about Foran Mining Corporation’s investment proposition, visit their website here.
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The 2023 TSX Venture 50 is a ranking of top performers on TSX Venture Exchange over the last year. The ranking is composed of 10 companies from each of the five industry sectors and are selected based on three equally weighted criteria: market capitalization growth, share price appreciation and trading volume.
For the full 2023 TSX Venture 50 ranking, methodology and profile videos of companies included in the ranking, visit: www.tsx.com/venture50