There is also a significant increase in contained metal in the indicated resource – a 74% increase in copper (103 billion lb.), a 21% jump in zinc (284 million lb.), a 58% increase in gold (40,000 oz.), and 47% rise in silver (18.1 million oz.).
Inferred resources total 5 million tonnes at 0.95% copper, 2.56% zinc, 0.27 g/t gold, and 16 g/t silver, or 1.77% copper-equivalent.
The McIlvenna Bay mineralization begins about 25 metres below surface and has been traced down-plunge 2 km, where it remains open in all directions.
One of the best hole results released in September was from hole MB-21-247d1, which intersected over 44 metres of continuous mineralization. It cut 2.5 metres averaging 1.13% copper, 1.66% zinc, 0.2 g/t gold, and 10.3 g/t silver from the massive sulphide zone plus 41.7 metres grading 0.92% copper, 0.21% zinc, 0.11 g/t gold, and 7.8 g/t silver from the copper stockwork zone.
The company is planning to make McIlvenna Bay the world’s first carbon neutral copper development project. Ten years’ worth of carbon emissions from exploration activities have been offset.
Read the 43-101 pre-feasibility study for McIlvenna Bay at www.ForanMining.com.
