07:23 AM EDT, 03/19/2025 (MT Newswires) -- Foran Mining ( FMCXF ) on Wednesday reported additional results from the ongoing 2025 winter drill program at the company's 100%-owned McIlvenna Bay Project in east-central Saskatchewan.

In a statement the company said results are "indicative of expansion potential".

Highlight intercepts include 37.5 metres grading 2.93% CuEq and 52.6m grading 2.54% CuEq.

Foran noted assays are pending for an expected down-dip expansion of mineralized lenses, and Tesla Zone exploration is ongoing to support a future maiden resource estimate.

Erin Carswell, Foran's Vice President, Exploration, said: "Tesla has delivered another stunning surprise this winter, revealing an exceptionally thick intersection in the central part of the zone. The cumulative thickness of mineralization in hole TS-25-37 is twice that of our previous best intercept, significantly expanding a zone of high-grade copper mineralization that was previously discovered in Hole TS-23-10. Additionally, a down-dip wedge hole has identified another broad interval of sulphides (assays pending) that should further strengthen the lenses. Accurately assessing the controls on this 143m thick package of mineralized rock will require further drilling, most likely from the footwall side of Tesla after ice melt. Most excitingly, it is an indication of the upside that still remains at Tesla and Bridge as we continue working towards our maiden resource estimate."

Shares in Foran fell near 2.8% yesterday to $4.07.