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Foran Mining has a new name on its advisory board - one that Saskatchewan residents will remember very well.
The company announced Jan. 31 that it had appointed former Saskatchewan Premier Brad Wall to its board, a move that company executives hope will help push forward the company’s plans with its McIlvenna Bay property near Flin Flon.
Wall was Saskatchewan’s premier for 11 years, first being elected in 2007 before stepping down from the job in 2018. In his time since leaving provincial politics, Wall has worked as an advisor for Calgary-based law firm Osler, Harkin and Harcourt LLP and sits on boards for at least three other companies in the energy and resource fields.
“I am looking forward to contributing in whatever way I can to Foran’s team as they work to create an important mining project that will create jobs and significant economic benefits for Saskatchewan,” said Wall in a Foran-issued statement.
“Mining projects supplying green metals like copper are critical for today’s economy and it is important to develop these assets sustainably, with a focus on the environment and local communities. The McIlvenna Bay deposit is an exciting opportunity to further enhance Saskatchewan’s global profile, and I look forward to supporting its ongoing advancement.”
Foran executive chairman and CEO Dan Myerson said he hoped having Wall on board could help move the project forward and benefit the region.
“Mr. Wall is a champion for sustainable economic development, and his
experience will be a great contribution to Foran as we look to transform the Hanson Lake District into the next prolific mining camp in Canada, all while benefitting local economies and its people,” he said in a statement.
Callinex
Callinex Mines, which operates a mine project site not far from Flin Flon, announced new information on its Rainbow deposit, saying another drilling campaign at the site has found mineralization the company finds encouraging.
Results from another 13 drill holes at the Rainbow deposit site, covering more than 5,000 metres of drilling in total, were announced by the company Jan. 31. The drill results came as a result of a campaign at the site last year - assay results from another drill campaign, completed in late 2021, are still pending.
The results appear to show that the interpreted strike for the deposit and plunging direction widen and open up at depth, with drill holes made outside the company’s previously drilled areas still intersecting volcanogenic massive sulfide (VMS) deposit deep below.
The company says the deepest drill hole made as part of the campaign, what it calls the PBM-158 drill hole, returned 5.0m of 1.56 per cent copper equivalent, consisting of 1.45 per cent copper, .07 grams per tonne of gold, 1.86 grams per tonne of silver and .11 per cent zinc.
“Given the intense geochemical alteration patterns and favourable geology at the deepest explored levels of the Rainbow VMS deposit, it is exciting that a newly defined strong borehole geophysical anomaly is located immediately below those high-grade massive sulphides,” said Callinex technical team member Jim Pickell in a company-issued announcement.
The company also conducted a borehole electromagnetic survey (BPEM) of the drill hole, leading Callinex to believe the deposit may be deeper than initially thought.
“Six drill holes announced have intersected a newly discovered copper-gold-zinc rich red zone that remains open towards surface and has been intersected to a depth of 375m below surface,” reads the company’s announcement.
The Rainbow deposit is located on the company’s Pine Bay project, which is situated near Thompson Lake about 18 kilometres due east of Flin Flon. Callinex owns a 100 per cent interest in the project and has been operating at the site since 2014, having done over 10,000 metres of exploratory drilling around the project site.
