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Foran Mining Reports Additional Intervals of Mineralization Supporting Central Tesla Zone at McIlvenna Bay Project
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Foran Mining Reports Additional Intervals of Mineralization Supporting Central Tesla Zone at McIlvenna Bay Project
Jun 17, 2025 4:17 AM

06:50 AM EDT, 06/17/2025 (MT Newswires) -- Foran Mining ( FMCXF ) on Tuesday released additional results from its drill program at the Tesla and Bridge zones of the McIlvenna Bay project in Saskatchewan, highlighting expansion potential at Tesla.

Hole TS-25-35w2 returned 54.0 meters of continuous mineralization from the central Tesla Zone. Hole TS-25-36w2 returned multiple lenses of mineralization from the lower part of the central Tesla Zone, confirming the continuity of mineralization across the three defined lenses in this sector of the deposit.

Hole TS-25-36w3 targeted the Tesla down-dip extension and intersected the Tesla Main Lens as expected, followed by a thick interval of Lower Lens mineralization.

Hole BZ-25-02 is the first drillhole to date to intersect all three mineralized blocks, drilling through mineralization at the Tesla Zone and Bridge Zone, followed by a significant step-out intersection at McIlvenna Bay Deposit. The Tesla intersection in BZ-25-02 successfully expands the Cu 2 Lens by 80 meters to the southeast.

"Not only are we confirming continuity at Tesla with every new hole drilled, but we have identified a significant thickening of Tesla's lower lenses in the down-dip direction, which ... results confirm as a target for potential expansion," said Foran Vice President of Exploration Erin Carswell.

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