Foran announces initial drill results from its 2023 winter programme at Tesla

Key Highlights:

• Significant assay results from step out Hole TS-22-06A include:
  • 10.1m grading 3.1% Cu, 3.0% Zn, 32 g/t Ag and 0.25 g/t Au (4.62% CuEq).
  • 17.4 m grading 2.1% Cu, 4.5% Zn, 29 g/t Ag, and 0.11 g/t Au (4.04% CuEq).
  • 17.1 m grading 0.6% Cu, 13.1% Zn, 24 g/t Ag, and 0.04 g/t Au (5.69% CuEq).
• Intercepts compare favourably to McIlvenna Bay’s Mineral Reserve of 25.7 million t at 2.51% Copper Equivalent (CuEq).
• Tesla discovery represents a significant mineralised zone, open in all directions, with opportunity to expand with further drilling. 
• TruScan results identify similarities between the Tesla Zone and McIlvenna Bay deposit, further exploration of McIlvenna Bay area continues to show potential to become one of the larger sulfide deposits across the Flin Flon Camp.
• Exploration activity on Tesla is increasing with assays from two completed holes outstanding, and an additional 7 – 9 holes planned to be drilled this winter.

Dan Myerson, Foran’s Executive Chairman & CEO, commented:

“We are thrilled to announce the latest results from our Tesla exploration drilling programme, which continue to demonstrate that our unique exploration methodology can unlock the potential for large critical metal systems across our landholdings. To date, six holes drilled into Tesla have intersected significant base and precious metal sulfides. In total, these holes have tested only 300 m of strike and 300 m of the dip extent of the mineralised horizon, which remains open in all directions. Given the geophysical conductor extends 900 m in strike, there is a significant amount of potential to identify large-scale opportunities that can complement our existing McIlvenna Bay deposit as we strive to establish the next major critical metals infrastructure asset and district in one of the best mining jurisdictions in the world, Saskatchewan, Canada. As we ramp up with three drill rigs targeting the Tesla Zone, we are eager to announce more results in the near-future and routinely thereafter.”

Read the article online at: https://www.globalminingreview.com/mining/20022023/foran-announces-initial-drill-results-from-its-2023-winter-programme-at-tesla/