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Foran Mining ( (TSE:FOM) ) has issued an update.
Foran Mining has launched its largest ever winter drill program at the Tesla Zone of the McIlvenna Bay Project, aiming to drill over 30,000 meters using eight drills. The program’s goal is to support a future resource estimate by confirming the continuity of mineralization, especially in previously undrilled gaps, while further expanding the area’s potential. Final assay results from the 2024 drilling program show promising extensions of mineralization, including significant gold and silver intersections, signaling ongoing opportunities for resource growth.
More about Foran Mining
Foran Mining Corporation operates within the mining industry, focusing on the exploration and development of mineral properties. The company’s primary activities include drilling programs to assess and expand mineral resources, particularly in the McIlvenna Bay Project in Saskatchewan, which is known for its copper, zinc, gold, and silver deposits.
YTD Price Performance: -1.75%
Average Trading Volume: 501,412
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$1.66B
See more insights into FOM stock on TipRanks’ Stock Analysis page.
