Balsam

Overview

Balsam Zone

Located 7km southeast along trend from McIlvenna Bay, the Balsam Zone is comprised of four sub-parallel, massive to semi-massive sulphide horizons and associated stringer zones and has an historical non-43-101 compliant resource

Thunder Zone

The Thunder Zone, located directly northeast of Balsam, was discovered in 2013 during an initial drill test of an EM conductor modelled from the results of a ground EM survey completed that year. BA-13-77 intersected massive sulphide mineralization at a downhole depth of 357m, grading 4.08% cu over 3.66m (Foran Mining April 2013 news release)

Follow up drilling indicates that the Thunder Zone mineralization remains open down plunge and along strike to the north. The last drill hole completed at the north end of the zone in 2015 (BA-15-83) intersected15m of sulphide mineralization (the thickest mineralized interval from the zone) which contained two higher grade massive sulphide zones: 3.46m grading 2.04% Cu and 3.47% Zn and 8.39m grading 0.62% Cu and 3.41% Zn (incl. 3.70m @ 7.16% Zn)