McIlvenna Bay
Targeting Critical Mineral Production
McIlvenna Bay is a critical mineral development project, host to a significant and scalable resource located in Saskatchewan, Canada, which is one of the world’s premier mining jurisdictions.
McIlvenna Bay is the largest undeveloped VHMS deposit along the prolific Flin Flon Greenstone Belt.
With Probable Mineral Reserves of 29.7 Mt containing 793 million pounds of copper and 1.4 billion pounds of zinc included in a Mineral Resource of 39 million Indicated tonnes grading 2.02% CuEq for 1.0 billion pounds of copper and 1.9 billion pounds of zinc and 5 million Inferred tonnes grading 1.8% CuEq for 93 million pounds of copper and 260 million pounds of zinc.
The McIlvenna Bay Project is designed around a newly defined reserve accessed by new development and shares geologic characteristics similar to other major mines along the Flin Flon Greenstone Belt. The Deposit remains open and regional exploration continues to demonstrate the exciting potential for future growth.
Clean, Safer, and Efficient
The mine is being designed to take advantage of the latest technological advances as well as planning for future improvements, reducing our emissions and making the mine even safer and more efficient.
Key Stats
20,900
Hectare licence area.
85km
West of Creighton, Saskatchewan via provincial highway.
100%
Owned by Foran.
Grading at 2.02% Copper Equivalent:
1.19%
Copper
2.18%
Zinc
0.41g/t
Gold
14g/t
Silver
Contains:
1.02 billion lbs Cu
1.9 billion lbs Zn
510,000 oz Au
18.0 million oz Ag
Grading at 1.77% Copper Equivalent:
0.93%
Copper
2.60%
Zinc
0.28g/t
Gold
16g/t
Silver
Contains:
93 million lbs Cu
260 million lbs Zn
40,000 oz Au
2.3 million oz Ag
Reports
Location and Infrastructure
Foran’s 20,900 hectare McIlvenna Bay Property is located in east-central Saskatchewan, approximately 65 km west of Flin Flon, Manitoba (85 km by road).
The McIlvenna Bay deposit and Foran’s exploration camp are road-accessible, located 85 km west of Flin Flon via Provincial Highway 106 and 17 km south on the Hanson Lake all-weather gravel road. Power lines run the length of the Hanson Lake gravel road to the McIlvenna Bay deposit.
The mining town of Flin Flon (pop. 5,600), is the largest commercial/residential centre in the area and a railhead on the Hudson Bay railway. The Flin Flon airport has regular commercial air service to Winnipeg.
Ownership
Foran has a 100% interest in the McIlvenna Bay property, with some of the claims subject to a Net Tonnage Royalty of $0.75 per tonne of ore extracted, with Foran holding a right of first refusal if an offer to purchase the Net Tonnage Royalty is made.