At McIlvenna Bay, Foran aims for an underground mine to produce 38.8 million lb. copper, 63.6 million lb. zinc, 20,000 oz. gold and 486,000 oz. silver annually for the first 15 years.
Among the exploration highlights are 10.1 metres grading 4.62% copper-equivalent from 905.4 metres depth, including 3.4 metres at 8.29% copper-equivalent; 17.4 metres at 4.04% copper equivalent from 1,114.6 metres, including 2 metres at 9.47% copper-equivalent; and, 17.1 metres at 5.69% copper-equivalent from 1,205 metres, including 4.7 metres grading 7.73% copper equivalent.
Foran says preliminary data suggests Tesla and McIlvenna Bay may have been linked once, with additional drilling set to confirm the relationship. Other ground surveys are also planned.
The discovery remains open with opportunities for expansion through further drilling. Step-out hole TS-22-06A was drilled downdip to the east from the surface to a depth of 1,314…
