お知らせ • Nov 19
Foran Mining Corporation Announces Further Copper-Rich Assay Results from Two New Holes Drilled into the Tesla Zone
Foran Mining Corporation announced further copper-rich assay results from two new holes drilled into the Tesla Zone, part of Foran's 100%-owned McIlvenna Bay Property (the "Project") in Saskatchewan. These holes were designed to infill two 200 x 300m gaps in the drill hole spacing near the southern known margins of the Tesla Zone. The holes successfully encountered multiple zones of mineralization as expected, confirming the continuity of the Tesla Zone. The recent infill drilling program at the Tesla Zone was designed to improve confidence in its grade and continuity, while providing critical data for potential future resource estimates and potential operational expansion scenarios. Both drill holes intersected the main mineralized target, followed by thick, copper-rich sections with additional gold content, confirming consistent mineralization across the zone and suggesting areas of higher copper-gold grades. Notably, drill hole TS-24-34 uncovered new copper-zinc mineralization below the current Tesla lenses. This new opportunity highlights the opportunity of additional mineralized lenses, enhancing Tesla's growth prospects as it advances towards a potential future resource estimate. Key Highlights: Hole TS-24-34 intersected two discrete zones of mineralization, including the expected Tesla Zone lenses plus an unexpected lower fault repetition of mineralized horizons. Highlights from the main Tesla lenses include: 6.8m of copper and zinc-rich massive sulphide grading 1.62% Cu, 4.84% Zn, 33.3 g/t Ag and 0.28 g/t Au (3.23% CuEq), which was followed by; 8.4m of copper and gold-rich breccia and stringer mineralization grading 2.38% Cu, 0.96% Zn, 39.8 g/t Ag and 1.89 g/t Au (3.74% CuEq); as well as A further 22.2m of copper stringer mineralization grading 1.30% Cu, 0.87% Zn, 13.3 g/t Ag and 0.30 g/t Au (1.68% CuEq); The TS-24-34 fault repetition included a thin but very high-grade massive sulphide unit followed by a copper stringer zone. Assays include: 1.7m of massive sulphide grading 4.37% Cu, 15.47% Zn, 27.1 g/t Ag and 0.28 g/t Au (8.90% CuEq), followed by 2.2m of copper stringer mineralization grading 1.52% Cu, 0.46% Zn, 5.9 g/t Ag and 0.01 g/t Au (1.55% CuEq), and 5.5m grading 1.11% Cu, 0.07% Zn, 7.1 g/t Ag and 0.01 g/t Au (1.07% CuEq). Hole TS-24-29 intersected a wide zone of mineralization highlighted by: 2.4m of upper zinc-rich massive sulphide grading 0.64% Cu, 13.64% Zn 37.1 g/t Ag and 0.27 g/t Au (5.00% CuEq), followed by 26.2m of copper breccias and stringer mineralization grading 1.68% Cu, 1.18% Zn, 12.5 g/t Ag and 0.10 g/t Au (2.00% CuEq), including: 2.1m grading 4.11% Cu, 0.29% Zn, 24.0 g/t Ag and 0.02 g/t Au (3.96% CuEq); 6.2m grading 2.92% Cu, 1.16% Zn, 25.8 g/t Ag and 0.08 g/t Au (1.12% CuEq) and Planning is underway for an ice-based, infill winter drill program on Hanson Lake utilizing eight drill rigs, which is expected to commence in late-December. Tesla Zone: Since its discovery in 2022, the Tesla Zone has grown into a significant mineralized body over 1,200m long and 500-700m wide, with 45 intersections now defining multiple stacked lenses of copper-zinc sulphides and precious metal mineralization. These typically consist of zinc and/or copper-rich massive and semi-massive sulphides and associated copper-rich stringer mineralization and higher-grade breccia zones, plus emerging evidence for zones of gold-only mineralization. The Tesla mineralization currently remains open down dip and along strike for potential continued expansion in the future. During Summer-Fall 2024, a total of approximately 10,810m of drilling was completed as a series of pilot holes and wedges from four main collars located in the southern part of the Tesla Zone, targeting larger gaps in the current drill hole spacing as they strive to confirm Tesla's continuity and tenor. Drill holes were collared on land covering approximately 300m of strike length of the zone and drilled from the footwall side using directional drilling to provide perpendicular intersections into the mineralized horizons. A total of seven Tesla pierce points were obtained during the Summer-Fall 2024 program. This release presents the results of two significant drill holes (TS-24-29 and TS-24-34) from the summer infill drill program. These holes targeted two large gaps in the drilling measuring approximately 200m x 300m along strike and down dip respectively in both instances. Both were successful in confirming the continuity of mineralization in multiple lenses through the southern part of the Tesla Zone. TS-24-34 also intersected an unexpected interval of mineralization in a lower fault slice located below the southern end of the Tesla horizon, proximal to the Bridge Zone. This may correlate with deeper mineralization intersected sporadically in holes such as TS-23-11w2 and TS-24-290. A drilling density map is provided, which shows the locations of the intersections from the summer drill program relative to previous drilling and the importance of these holes for establishing continuity between wider-spaced drill holes. TS-24-29: TS-24-29 targeted a 200m x 300m gap between existing drill holes where previous drilling had intersected significant zones of mineralization. The hole was drilled from the footwall side of the Tesla Zone, so it intersected the lenses in reverse stratigraphic order. TS-24-29 intersected the expected stratigraphy and mineralized horizons that match well with the surrounding drill holes. The results of TS-24-29 also match well with the results from previously released TS-24-30 (located approximately 200m to the northeast) that returned a combined 36.5m interval of stringer-style mineralization from the upper copper lens, followed directly downhole by the main massive sulphide lens and a thick zone of stringer/breccia-style copper mineralization. TS-24-29 intersected the same mineralized package, but in this location the lower copper lens was split into two separate lenses (measuring 9.9m and 26.2m respectively) by a late quartz-feldspar porphyry (QFP) dyke that intruded the stratigraphy from 1280.3-1283.5m. A cross section through the Tesla Zone showing the relationship of TS-24-29 with the surrounding drill holes is provided. In detail, TS-24-29 intersected a narrow copper stringer zone at the top of the mineralized interval that was 2.0m in length, grading 0.76% Cu and 0.26 g/t Au. This zone correlates with an upper copper lens that sits above the main massive sulphide lens as was seen in previously released TS-24-30 and throughout much of the Tesla Zone. Directly below the upper copper lens, a 2.4m horizon of massive to semi-massive sulphide was intersected grading 0.64% Cu, 13.64% Zn, 37.1 g/t Ag and 0.27 g/t Au, dominantly consisting of massive pyrite with strong fine-grained sphalerite in the groundmass and minor chalcopyrite mineralization in a strongly chlorite-altered host rock.