Foran Mining Corporation
TSX VENTURE : FOM

Foran Mining Corporation

December 21, 2007 09:00 ET

Foran Mining Announces Drill Results for DDH MB-07-133 at McIlvenna Bay, Saskatchewan

SASKATOON, SASKATCHEWAN--(Marketwire - Dec. 21, 2007) - Foran Mining Corporation (TSX VENTURE:FOM) ("Foran") is pleased to announce the results of diamond drill hole MB-07-133 on the McIlvenna Bay, Saskatchewan property.

Designed to test the down dip and down plunge extension of the existing indicated #2 lens massive sulphide resource, DDH MB-07-133 intersected the near solid sulphide unit at 855.78 meters with a true width of 4.9 meters grading 0.170 g/tonne Au, 17.7 g/tonne Ag, 0.31% Cu and 9.07% Zn.

As has typically occurred elsewhere within the deposit, the near solid sulphide is underlain conformably by a chloritic stringer zone, in this instance, a true width of 1.5 meters grading 0.230 g/tonne Au, 18.5 g/tonne Ag, 1.68% Cu and 1.04% Zn. The combined intersection is a true width of 6.4 meters grading 0.65% Cu and 7.08% Zn with minor Au and Ag values.

Drilling continues on additional deep holes to delineate the extent of this sulphide deposit.

The Qualified person for this release is W.T.Fleming, P.Geo. All samples have been prepared and analyzed at TSL Laboratories in Saskatoon, Saskatchewan using ICP-MS, and Fire Assay analytical methods.

Foran Mining is a junior exploration company currently focused on the McIlvenna Bay deposit, which is comprised of 26 claims totalling 12,950ha, and is located approximately one kilometre south of Hanson Lake, Saskatchewan.

Foran owns 75% of the McIlvenna Bay property in a joint venture with Copper Reef Mining Corporation owning 25%. Foran Mining is the sole operator of the project.

ON BEHALF OF THE BOARD OF DIRECTORS

"Bob Nylen", President & CEO

Certain statements contained in this press release may be considered as forward-looking. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from estimated or implied results.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of the contents of this news release.

Contact Information

  • Foran Mining Corporation
    Bob Nylen
    President & CEO
    (306) 956-3105