Foran Mining Corporation

Foran Mining Corporation

August 22, 2007 09:00 ET

Foran Announces Results of Airborne Survey

SASKATOON, SASKATCHEWAN--(Marketwire - Aug. 22, 2007) - Foran Mining Corporation ("Foran") (TSX VENTURE:FOM) is pleased to announce the results of a state-of-the-art, high resolution deep penetrating VTEM Time Domain EM survey conducted by Geotech Ltd. from Aurora, Ontario on the Bigstone, Balsam and Hanson Lake properties located in Hanson Lake, Saskatchewan. These properties are in close proximity to McIlvenna Bay deposit.

During the period of January 14 - 18, 2007, a total of 404.6 line kms. were flown on 150 meter spacing's over the Hanson Lake/Balsam properties which are located approximately 60 kms. South-west of Flin Flon, Manitoba.

During the period of March 14 - 16, 2007, a total of 321 line kms. were flown on 150 meter spacing's over two blocks of the Bigstone property, located approximately 90 kms. West-south-west of Flin Flon, Manitoba.

The data obtained from the surveys has been processed by Bob Frazer, Professional Geoscientist of G.R. Frazer Consulting Limited from Flin Flon, Manitoba. Bob Frazer states, "Several promising anomalies were located in the Bigstone area. Anomaly locations are known accurately enough to pick drill hole collar locations on the map. In the Hanson Lake /Balsam block the Palaeozoic cover appears to be considerably thicker than in the Bigstone area. Nonetheless, three distinct targets were identified. It is recommended that a PEM (Pulse Electromagnetic) survey be done in this area so that target depths can be measured prior to drilling."

Foran will review and prioritize the highlighted targets for future exploration work.

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