Tesla Zone Drilling Further Defines and Expands High-Grade Mineralization
Executive Summary
- Foran Mining released H2 2025 drill results from the Tesla Zone (McIlvenna Bay Project) showing multiple high‑grade copper‑zinc‑silver‑gold intersections, including a flagship 33.4 m composite interval grading 1.98% Cu, 3.07% Zn, 19.6 g/t Ag and 0.47 g/t Au (3.09% CuEq).
- The new intercepts extend the known high‑grade mineralization northward and down‑dip, supporting a maiden resource estimate for the Tesla Zone expected in H2 2026 and underpinning phased expansion toward commercial production by mid‑2026.
- The drill program comprised ~5,518 m in six holes/wedges, confirming continuity of copper‑rich lenses over >1,350 m strike length and 500–700 m down‑dip, and revealing expanding precious‑metal zones within the Au Zone.
Key Details
- Flagship Intercept – Hole TS-25-45w1:
- Combined 33.4 m core length (≈80‑85% true width) with 1.98% Cu, 3.07% Zn, 19.6 g/t Ag, 0.47 g/t Au → 3.09% CuEq.
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Sub‑intervals:
- 14.4 m @ 2.77% Cu, 0.54% Zn, 28.5 g/t Ag, 0.52 g/t Au (3.12% CuEq) – includes 7.0 m @ 3.54% Cu, 0.62% Zn, 36.5 g/t Ag, 0.70 g/t Au (3.99% CuEq).
- 18.9 m @ 1.38% Cu, 5.01% Zn, 12.8 g/t Ag, 0.44 g/t Au (3.07% CuEq) – includes 5.3 m @ 4.23% Cu, 2.58% Zn, 37.8 g/t Ag, 1.38 g/t Au (5.60% CuEq).
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Infill Hole HG-25-01w2 – Precious‑Metal Zone:
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11.0 m @ 1.23 g/t Au, 23.1 g/t Ag; includes 2.0 m @ 4.59 g/t Au, 42.0 g/t Ag.
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Infill Hole HG-25-01w1 – Au Zone:
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16.3 m @ 1.15 g/t Au, 103.7 g/t Ag; includes 3.9 m @ 2.77 g/t Au, 264.4 g/t Ag.
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Additional Notable Intercepts:
- HG-25-01w2 – Lower Lens: 13.8 m @ 0.26% Cu, 5.91% Zn, 43.0 g/t Ag, 0.72 g/t Au (2.62% CuEq).
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TS-25-45 – Lower Lens: 3.6 m @ 0.41% Cu, 3.83% Zn, 179.3 g/t Ag, 0.89 g/t Au (2.86% CuEq).
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Drill Program Summary: ~5,518 m drilled in six holes/wedges focused on infill and down‑dip expansion of the northern Tesla Zone; defined mineralization over at least 1,350 m strike length and 500–700 m down‑dip.
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Assay Methodology & QA/QC: Core logged by company staff; samples split, assayed by Saskatchewan Research Council (ISO/IEC 17025:2017). Cu, Zn, Ag via ICP‑OES; Au via fire assay with AAS finish (gravimetric re‑run >1.0 g/t Au). QA/QC includes blanks, duplicates, standards per batch.
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Qualified Person: Roger March, P.Geo., Principal Geoscientist, reviewed and approved all technical information.
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Forward‑Looking Statements: Indicate expectation of maiden resource estimate H2 2026, phased expansion toward commercial production by mid‑2026, and continued drilling to refine geometry of mineralized zones.
Notable Quotes
“The standout result of our H2 2025 drill program came from hole TS-25-45w1… The exceptional Cu1 intersection highlights strong potential for further down‑dip expansion of the Tesla Zone.” – Erin Carswell, Vice President, Exploration
All non‑material boilerplate and forward‑looking disclaimer text has been omitted.