41m of Contiguous Mineralization Highlighted via 8m at 3.00% CuEq Adopted via 33m Grading 1.39% CuEq 

Effects Spotlight Additional Enlargement Alternatives of the McIlvenna Bay Warehouse

Ongoing Tesla Zone Exploration to Backup Presen Maiden Useful resource Estimate

VANCOUVER, BC, Feb. 27, 2025 /PRNewswire/ – Foran Mining Company (TSX: FOM) (OTCQX: FMCXF) (“Foran” or the “Company”) is happy to announce preliminary effects from its 2025 wintry weather drill program on the Corporate’s 100%-owned McIlvenna Bay Mission in east-central Saskatchewan, confirming a vital unwell plunge growth of the McIlvenna Bay Warehouse at intensity.

The primary drill hollow of the wintry weather program had the twin effort of trying out the interpreted possible extension of the McIlvenna Bay Warehouse and extra delineating the Bridge Zone. Hollow BZ-25-01 effectively accomplished each, together with a vital intersection 200m unwell plunge from the upcoming useful resource drill holes finished on the McIlvenna Bay Warehouse. Particularly, grades within the fresh McIlvenna Bay intersection are considerably upper than the typical hold grade of the bank. This intersection highlights the growth possible of the McIlvenna Bay Warehouse and means that mineralization would possibly proceed additional down-plunge, parallel to the Tesla Zone. In general, 9 exploration drill rigs are recently turning on the Mission, together with one proceeding drilling on the Bridge Zone, one trying out high-priority near-mine objectives and 7 proceeding infill drilling at Tesla as we pressure walk against a deliberate maiden useful resource estimate.

Erin Carswell, Foran’s Vice President, Exploration, commented: “The first hole of Foran’s winter drilling season has not only expanded the Bridge Zone mineralization, but also confirmed that McIlvenna Bay extends beyond the limits of its current resource shells. Obtaining such a thick, copper-rich intersection of massive and semi-massive sulphides 200m down plunge is highly suggestive that mineralization continues and may strengthen at depth. Refining our geological model, we now see a distinct possibility that Bridge Zone is hosted in a fault slice between the parallel mineralized bodies of Tesla and McIlvenna Bay. If this proves correct, the expansion potential of McIlvenna Bay is significant. Pair this with our ongoing resource drilling at Tesla and the continued delineation of the Bridge Zone, and a compelling growth story is emerging — all in the shadow of the headframe, as the McIlvenna Bay Project construction advances towards commissioning this year.”

Key Highlights

Drill hollow BZ-25-01 intersected immense and semi-massive sulphide lenses and related stringer and breccia zones connected to each the Bridge Zone and the underlying McIlvenna Bay Warehouse

• Hollow BZ-25-01 intersected a couple of lenses of mineralization which expanded the footprint of the Bridge Zone mineralization with assay effects together with:
  • 21.8m grading 1.28% Cu, 1.11% Zn, 13.3 g/t Ag and nil.57 g/t Au (1.89% CuEq), together with 3.0m grading 2.22% Cu, 2.34% Zn, 23.7 g/t Ag and 1.25 g/t Au (3.56% CuEq);
• Hollow BZ-25-01 additionally intersected a couple of lenses of mineralization connected to the McIlvenna Bay Warehouse, together with 40.6m of contiguous mineralization from the Lens 2 immense sulphide and underlying Copper Stockwork Zone (CSZ), with assay effects together with:
  • 7.7m of immense sulphide grading 2.23% Cu, 1.68% Zn, 19.9 g/t Ag and nil.65 g/t Au (3.00% CuEq), together with 1.4m grading 3.49% Cu, 0.52% Zn, 22.3 g/t Ag and nil.77 g/t Au (3.88% CuEq)
  • 32.9m from the underlying CSZ grading 0.96% Cu, 0.76% Zn, 8.4 g/t Ag and nil.42 g/t Au (1.39% CuEq), together with 4.5m grading 1.41% Cu, 1.49% Zn, 16.0 g/t Ag and 1.12 g/t Au (2.46% CuEq)

2025 Iciness Drill Program

Foran’s tide 2025 wintry weather drill program would be the biggest within the Corporate’s historical past, encompassing over 30,000m of drilling using 8 drill rigs to exit the deliberate Tesla useful resource estimation and delineation of the Bridge Zone, plus one additional rig devoted to drilling high-priority near-mine objectives inside roughly 5km of McIlvenna Bay. Given the proximity of Bridge Zone mineralization to the deeper portions of the McIlvenna Bay Warehouse, this 12 months’s preliminary Bridge Zone hollow (BZ-25-01; Determine 1) was once deepened to moreover serve a down-plunge take a look at of the McIlvenna Bay mineralization past its recently outlined useful resource. 

Hollow BZ-25-01 effectively intersected each zones, together with immense sulphide lenses and related copper-rich stringer and breccia zones connected to the Bridge Zone mineralization, adopted downhole via intersections of immense sulphide and underlying copper stockwork zones of the McIlvenna Bay Warehouse. Striking assay composites for the lenses intersected in BZ-25-01 are supplied in Desk 1.   

BZ-25-01: Extension of McIlvenna Bay Warehouse

Foran’s McIlvenna Bay Warehouse recently is composed of 5 lenses of immense sulphide and stockwork mineralization which have been outlined via 240 drill holes. The majority of the mineral useful resource is hosted via Lens 2 (or “Main Lens”) immense sulphide and the underlying Copper Stockwork Zone (CSZ), which can be typically involved all over the bank with a mean blended thickness of 15.5m. The mineralization within the bank plunges at roughly 40 levels from floor, for a down-plunge dimension of roughly 2,000m.

BZ-25-01 effectively intersected two thick zones of mineralization that seem to correlate with Lens 2 immense sulphide and the underlying CSZ, along side a thinner, overlying lens of immense sulphide that can correlate with McIlvenna Bay’s Lens 3 mineralization. The intersection extends the recognized plunge dimension of McIlvenna Bay via an spare 200m hour earlier drilling, to way past 2000m.

In keeping with the tenor of the consequences from BZ-25-01, which returned over 40m of contiguous mineralization, it seems that that McIlvenna Bay continues alongside its recognized development and that the bank residue unhidden down-plunge for occasion growth. Determine 2 underneath supplies a longitudinal division appearing the tide define of the McIlvenna Bay Warehouse and the density of ancient drilling, along side the site of the pierce level from BZ-25-01.

BZ-25-01 intersected a 4.6m broad interlude of Lens 3 mineralization at this location, dominantly consisting of immense pyrite with native chalcopyrite and fine-grained red-brown sphalerite within the groundmass which graded 1.70% Cu, 5.39% Zn, 15.0 g/t Ag and nil.50 g/t Au (3.52% CuEq) (Determine 3 A). Roughly 10m additional downhole, BZ-25-01 additionally intersected a large copper-rich zone of immense to semi-massive sulphide that correlates with Lens 2 within the bank. At this location, the Lens 2 interlude was once 7.7m in dimension and once more dominantly consisted of pyrite with average chalcopyrite and minor sphalerite in a chlorite-rich matrix which graded 2.23% Cu, 1.68% Zn 19.9 g/t Ag and nil.65 g/t Au (3.00% CuEq; Determine 3 B). The immense sulphide lens was once adopted immediately unwell hollow via a large interlude of copper-rich stringer genre mineralization connected to the CSZ. The CSZ was once 32.9m in core dimension total, consisting of typically foliation parallel pyrite +/- chalcopyrite-rich stringers and bands in a chlorite-rich felsic volcanic matrix which graded 0.96% Cu and nil.42 g/t Au (1.39% CuEq) over the composited interlude, with upper grade copper values over shorter periods.   

BZ-25-01: Bridge Zone growth

The Bridge Zone, positioned between the Tesla Zone and McIlvenna Bay Warehouse, was once found out in 2023 when a couple of zinc and copper-rich horizons of immense, semi-massive and stringer genre sulphide mineralization had been intersected via 3 drill holes within the 300m-wide window that lies between the southernmost drilling on the Telsa Zone and northernmost drilling at McIlvenna Bay.

BZ-25-01 expanded the footprint of the Bridge Zone mineralization and supplied additional constraints on our figuring out of Bridge Zone geometry, indicating that mineralization would possibly proceed as sub-parallel lenses between McIlvenna Bay and Tesla inside a fault wedge that separates or replicates the 2 zones. The Bridge Zone mineralization encountered in BZ-25-01 was once present in two lenses. The higher lens dominantly consisted of fine-grained pyrite and minor chalcopyrite with a good sphalerite-rich groundmass immense sulphide with lesser disseminated and stringer-style mineralization within the circumstance chloritic host rocks. The interlude graded 0.54% Cu and 1.99% Zn over a 3.5m core dimension. The decrease zone was once a lot broader, consisting of dominantly stringer genre copper-rich mineralization with native breccia periods and slim immense sulphide lenses with upper concentrations of sulphides. The decrease zone was once mineralized over a 21.8m core dimension grading 1.28% Cu, 1.11% Zn, 13.3 g/t Ag and nil.57 g/t Au (1.89% CuEq).

Delicate Geological Type

The effects introduced for BZ-25-01 loose important sunny at the structural relationships between McIlvenna Bay, the Tesla Zone and the Bridge Zone. An susceptible division in the course of the McIlvenna Bay – Tesla branch is supplied in Determine 4, which presentations the recently interpreted geology and geometries of the 3 gardens. Striking core observations and the consequences from the continuing Orebody Wisdom Research, together with TruScan^TM XRF research of a lot of drill holes within the gardens, have known notable geological marker gadgets positioned above the mineralization in all 3 gardens. This implies that they had been deposited contemporaneously in a indistinguishable stratigraphic place and had been due to this fact moved into their tide geometry via folding and faulting. 

Importantly, we now see possible for McIlvenna Bay mineralization to proceed parallel to Tesla, in lieu than just folding into the Bridge Zone. On this delicate geological fashion, the Bridge Zone happens as a fault slice between the two of them. This up to date interpretation signifies that every one 3 gardens (McIlvenna Bay, Bridge Zone and Tesla Zone) may well be unhidden for possible enlargement as exploration drilling continues. Supplementary drilling might be required to totally perceive the connection between McIlvenna Bay and the Bridge Zone.          

Desk 1 – 2025 Iciness Program Assay Effects

Property Word and Property Keep watch over

Drilling was once finished the use of NQ dimension diamond drill core and core was once logged via workers of the Corporate. All through the logging procedure, mineralized intersections had been marked for sampling and given distinctive pattern numbers. Sampled periods had been sawn in part the use of a diamond blade noticed. One part of the sawn core was once positioned in a plastic bag with the pattern tag and sealed, past the second one part was once returned to the core field for bank on website online. Pattern assays are carried out via the Saskatchewan Analysis Council (“SRC”) Geoanalytical Laboratory in Saskatoon, Saskatchewan. SRC is a Canadian authorised laboratory (ISO/IEC 17025:2017) and free of Foran. Research for Ag, Cu, Pb and Zn is carried out the use of ICP-OES later general multi-acid digestion. Au research is done via hearth assay with ICP-OES end and any samples which go back effects more than 1.0 g/t Au are re-run the use of gravimetric end. A whole suite of QA/QC reference fabrics (requirements, blanks, and duplicates) are incorporated in each and every lot of samples processed via the laboratory. The result of the assaying of the QA/QC subject matter incorporated in each and every lot are tracked to assure the integrity of the assay knowledge.

Certified Individual 

Mr. Roger March, P. Geo., Important Geoscientist for Foran, is the Certified Individual for all technical knowledge herein and has reviewed and authorized the technical knowledge on this leave.

About Foran Mining

Foran Mining is a copper-zinc-gold-silver exploration and advancement corporate, dedicated to supporting a greener occasion and, empowering communities past developing price for our stakeholders.  The McIlvenna Bay undertaking is positioned fully inside the documented conventional space of the Peter Ballantyne Cree Folk, accommodates the infrastructure and works connected to advancement actions of the Corporate, and hosts the McIlvenna Bay Warehouse and Tesla Zone. The Corporate additionally owns the Bigstone Warehouse, a resource-development level bank positioned 25 km southwest of the McIlvenna Bay Attribute.

The McIlvenna Bay Warehouse is a copper-zinc-gold-silver walthy VHMS bank supposed to be the centre of a fresh mining camp in a prolific district that has already been generating for 100 years. The McIlvenna Bay Attribute sits simply 65 km West of Flin Flon, Manitoba, and is a part of the arena elegance Flin Flon Greenstone Belt that extends from Snow Pond, Manitoba, thru Flin Flon to Foran’s field in japanese Saskatchewan, a distance of over 225 km.

The McIlvenna Bay Warehouse is the biggest undeveloped VHMS bank within the patch. The Corporate introduced the consequences from its NI 43-101 compliant Technical File at the 2022 Feasibility Learn about for the McIlvenna Bay Warehouse (“2022 Feasibility Study”) on February 28, 2022, outlining that tide Mineral Reserves would doubtlessly assistance an 18-year mine generation generating a mean of 65 million kilos of copper similar once a year. The Corporate filed the 2022 Feasibility Learn about on April 14, 2022, with an efficient past of February 28, 2022. The Corporate additionally filed a NI 43-101 Technical File for the Bigstone Warehouse useful resource estimate on January 21, 2021, as amended on February 1, 2022. Traders are inspired to seek the advice of the whole textual content of those technical experiences that could be discovered at the Corporate’s profile on www.sedarplus.ca.

The Corporate’s head administrative center is positioned at 409 Granville Boulevard, Suite 904, Vancouver, BC, Canada, V6C 1T2. Regular Stocks of the Corporate are indexed for buying and selling at the TSX below the emblem “FOM” and at the OTCQX below the emblem “FMCXF”.

CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS

This information leave comprises sure forward-looking knowledge and forward-looking statements, as outlined below acceptable securities rules (jointly referred to herein as “forward-looking statements”). Those statements relate to occasion occasions or to the occasion efficiency of Foran Mining Company and replicate control’s expectancies and guesses as of the past hereof or as of the past of such ahead searching observation. Such forward-looking statements come with, however don’t seem to be restricted, statements referring to our goals and our methods to succeed in such goals; our ideals, plans, estimates, projections and intentions, and indistinguishable statements regarding expected occasion occasions; in addition to particular statements in recognize of our exploration plan’s focal point and goals, together with referring to objectives, rigs, timing, drilling places, and anticipated effects; our 2025 wintry weather drill program, together with our centered 30,000 metres to be drilled using 8 drills; the expansion possible and dating of, and our talent to enlarge and extra delineate, the McIlvenna Bay Warehouse, Tesla Zone and Bridge Zone mineralization; the continuation and nourishing of McIlvenna Bay Warehouse mineralization at intensity; the expansion possible of the McIlvenna Bay Mission; our talent to put together and fee the McIlvenna Bay Mission; our drilling pipeline; our figuring out and interpretation of geology and mineralization, together with in recognize of the McIlvenna Bay Warehouse, Tesla Zone and Bridge Zone; our talent to pack knowledge in recognize of and get ready a possible occasion useful resource estimate for Tesla Zone; our drilling tactics; our constancy to assistance a greener occasion, empower communities and develop price for our stakeholders; expectancies referring to our advancement and complicated exploration actions; and expectancies, guesses and objectives in recognize of our 2022 Feasibility Learn about. All statements alternative than statements of historic reality are forward-looking statements. The forward-looking statements on this information leave discuss most effective as of the past of this information leave or as of the past laid out in such observation.

Inherent in forward-looking statements are recognized and unknown dangers, estimates, guesses, uncertainties and alternative elements that can purpose the fresh effects, efficiency or achievements of the Corporate to be materially other from any occasion effects, efficiency or achievements expressed or implied via the forward-looking statements contained on this information leave. Those elements come with control’s trust or expectancies in relation to refer to and, in sure circumstances, control’s reaction with reference to refer to: the Corporate’s reliance at the McIlvenna Bay Attribute; the Corporate is uncovered to dangers connected to mineral assets exploration and advancement; and the spare dangers known in our filings with Canadian securities regulators on SEDAR+ in Canada (to be had at www.sedarplus.ca). The forward-looking statements contained on this information leave replicate the Corporate’s tide perspectives with recognize to occasion occasions and are essentially primarily based upon a lot of guesses that, past regarded as cheap via the Corporate, are inherently matter to important operational, trade, financial and regulatory uncertainties and contingencies. Those guesses come with the provision of price range for the Corporate’s initiatives; availability of kit; sustained labour balance without a labour-related disruptions; all vital lets in, licenses and regulatory approvals are gained in a well timed method; and the facility to agree to environmental, fitness and protection rules. Even though the Corporate has tried to spot notable elements that would purpose fresh effects to fluctuate materially, there could also be alternative elements that purpose effects to not be as expected, estimated, described or supposed.

Readers are cautioned to not park undue reliance on forward-looking statements and must be aware that the guesses and possibility elements mentioned on this press leave don’t seem to be exhaustive. Untouched effects and tendencies are more likely to fluctuate, and would possibly fluctuate materially, from the ones expressed or implied via the forward-looking statements contained on this press leave. All forward-looking statements herein are certified via this cautionary observation. The Corporate disclaims any purpose or legal responsibility to replace or revise any forward-looking statements, whether or not because of fresh knowledge, occasion occasions or another way, excluding as could also be required via legislation. If the Corporate does replace a number of forward-looking statements, deny inference must be drawn that it is going to construct spare updates with recognize to these or alternative forward-looking statements, except required via legislation. Supplementary details about those guesses, dangers and uncertainties is contained in our filings with securities regulators on SEDAR+ in Canada (to be had at www.sedarplus.ca).

SOURCE Foran Mining Company