Regional Exploration

Foran is undertaking an extensive regional exploration over the summer 2021, focused on six new high priority targets.

  • Ampere (7km East of McIlvenna Bay Deposit) & Faraday (4km East of McIlvenna Bay Deposit)
  • Ground electromagnetic ("EM") surveys conducted over winter have confirmed large airborne EM anomalies at the Ampere and Faraday rospects (see Figure 1). Both targets are within 200m of surface under approximately 30m of cover and hosted on a major structure interpreted from magnetic data. The Ampere anomaly is similar to McIlvenna Bay, while the Faraday anomaly appears to be stronger.  Both prospects are within 7 kilometres ("km") of the planned central processing infrastructure and thus represent high priority targets for Foran.
  • Bigstone South & Bigstone North (~200m from Bigstone Deposit)
  • At the Bigstone deposit, located approximately 25km west of the McIlvenna Bay Deposit, a review has defined the structural controls on the existing Deposit and Foran geoscientists have applied this new understanding to several nearby geophysical targets. These include the Bigstone North and Bigstone South targets, which lie on the same structure within 200m main Bigstone Deposit. These targets offer exciting possibilities to expand the existing resources in the area and will be drilled in conjunction with planned holes at the existing Bigstone Deposit which target growth of the current inferred resources.
  • Babbage (700m south of Bigstone) & Marconi (600m East of Bigstone)
  • The new Babbage target, located ~700m south of Bigstone, is a strong geophysical anomaly hosted in the same structure but lying some 700m south of Bigstone. Marconi is a combined magnetic, induced polarization and EM anomaly hosted on a parallel structure 600m to the east of the Bigstone deposit. Historic drilling at Marconi intersected anomalous copper over approximately 800m strike length.

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