Foran’s focus is the Hanson Lake VMS District in east-central Saskatchewan, Canada. Our flagship property is the McIlvenna Bay deposit, where a positive Preliminary Economic Assessment was completed in November 2014.
The Hanson Lake District is an emerging base metal camp similar to nearby Flin Flon and Snow Lake. The formation of clusters of massive sulphide deposits is a common characteristic of VMS belts worldwide, which make them attractive areas for exploration and development. Foran is focused on advancing and developing district scale mining operations in the Hanson Lake area with the large tonnage McIlvenna Bay deposit providing the centre of gravity to support construction of a central mill and concentrator. Exploration in the area continues to identify new exploration targets and enhance both historic satellite deposits and mineral occurrences which could provide future mill feed to an operation at McIlvenna Bay.
The Hanson Lake District is situated in a safe, stable jurisdiction. The region has excellent infrastructure, including highways and secondary roads, access to low-cost hydroelectric power and a railhead. The McIlvenna Bay deposit is a one hour drive from the well-established mining centre of Flin Flon.