{"id":14433,"date":"2020-05-22T10:15:00","date_gmt":"2020-05-22T10:15:00","guid":{"rendered":"https:\/\/icrowdnewswire.com\/2020\/05\/22\/foran-mining-announces-mario-grossi-resigns-directorship-and-joins-technical-committee\/"},"modified":"2020-05-22T10:15:00","modified_gmt":"2020-05-22T10:15:00","slug":"foran-mining-announces-mario-grossi-resigns-directorship-and-joins-technical-committee","status":"publish","type":"post","link":"https:\/\/ipsnews.net\/business\/2020\/05\/22\/foran-mining-announces-mario-grossi-resigns-directorship-and-joins-technical-committee\/","title":{"rendered":"Foran Mining Announces Mario Grossi Resigns Directorship and Joins Technical Committee"},"content":{"rendered":"

Foran Mining Corporation <\/strong>announces that Mario Grossi has stepped down from the board of directors of the Company.  Due to the challenges associated with the ongoing global health crisis, Mr. Grossi, as President of Technica Mining (“Technica”) felt it was necessary to resign from Foran’s board of directors to devote his time and attention to Technica.  Mr. Grossi has been a valued member of Foran’s board.  He has agreed to join Foran’s Technical Committee and will continue to offer his expertise in mining and construction to the Company.<\/p>\n

Other members of the Technical Committee include Maurice Tagami, Mike Koziol, Andy Holloway and Roger March.  The Technical Committee provides guidance for matters related to the proposed development of McIlvenna Bay, as well as maximizing the potential of Foran’s other land holdings.<\/p>\n

About Foran Mining<\/strong><\/p>\n

Foran Mining is a zinc-copper exploration and development company with projects located along the Flin Flon Greenstone Belt. The McIlvenna Bay Project, Foran’s flagship asset located within the Hanson Lake District, sits just 65km from Flin Flon, Manitoba and is part of the world class Flin Flon Greenstone Belt that extends from Snow Lake, Manitoba, through Flin Flon to Foran’s ground in eastern Saskatchewan, a distance of over 225km.<\/p>\n

McIlvenna Bay is the largest undeveloped VMS deposit in the region. This prolific Metallogenic Belt is host to 29 past and present producing mines, including Hudbay Minerals Inc.’s 777 and Lalor operations. The Company released the results of the Pre-Feasibility Study (“PFS”) on March 12, 2020. Based on the PFS, the McIlvenna Bay Project is expected to yield a Base Case pre-tax, 7.5% net present value of $219 million and an internal rate of return of 23.4%, using assumed zinc, copper, gold and silver prices of US$1.26\/lb, US$2.82\/lb, US$1,312\/oz and US$16.30\/oz. The Company filed a NI-43-101 Technical Report for the PFS on the McIlvenna Bay Deposit on SEDAR on April 28, 2020.<\/p>\n

The technical information contained in this news release has been reviewed and approved by Roger March, P.Geo., a Qualified Person within the meaning of the National Instrument NI-43-101 – Standards of Disclosure for Mineral Projects.<\/em><\/p>\n

Foran trades on the TSX.V under the symbol “FOM”.<\/p>\n

For Additional Information Please Contact <\/strong>Foran Mining Corporation:<\/strong><\/p>\n\n\n\n\n\n\n
Patrick Soares<\/td>\n <\/td>\n<\/tr>\n
President & CEO<\/td>\n <\/td>\n<\/tr>\n
409 Granville Street, Suite 904<\/td>\n <\/td>\n<\/tr>\n
Vancouver, BC, Canada, V6C 1T2
ir@foranmining.com<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\n

See Campaign: <\/strong>http:\/\/foranmining.com<\/a>
Contact Information:<\/b>
Patrick Soares
\nPresident & CEO
\nir@foranmining.com<\/p>\n

Tags:<\/b>
<\/a>, Wire<\/a>, Disclosure Newswire<\/a>, United States<\/a>, English<\/a><\/p>\n

\"image\"<\/div>\n

\n

Contact Information:<\/h3>\n

Patrick Soares
\nPresident & CEO
\nir@foranmining.com<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Foran Mining Corporation announces that Mario Grossi has stepped down from the board of directors of the Company.  Due to the challenges associated with the ongoing global health crisis, Mr. Grossi, as President of Technica Mining (“Technica”) felt it was necessary to resign from Foran’s board of directors to devote his time and attention to Technica.  … Continue reading Foran Mining Announces Mario Grossi Resigns Directorship and Joins Technical Committee<\/span><\/a> Continue Reading →<\/span><\/a><\/p>\n","protected":false},"author":46,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[56,3,22,54],"tags":[],"class_list":["post-14433","post","type-post","status-publish","format-standard","hentry","category-disclosure-newswire","category-english","category-united-states","category-wire"],"yoast_head":"\nForan Mining Announces Mario Grossi Resigns Directorship and Joins Technical Committee - Business<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/ipsnews.net\/business\/2020\/05\/22\/foran-mining-announces-mario-grossi-resigns-directorship-and-joins-technical-committee\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Foran Mining Announces Mario Grossi Resigns Directorship and Joins Technical Committee - Business\" \/>\n<meta property=\"og:description\" content=\"Foran Mining Corporation announces that Mario Grossi has stepped down from the board of directors of the Company.  Due to the challenges associated with the ongoing global health crisis, Mr. Grossi, as President of Technica Mining (“Technica”) felt it was necessary to resign from Foran’s board of directors to devote his time and attention to Technica.  … Continue reading Foran Mining Announces Mario Grossi Resigns Directorship and Joins Technical Committee Continue Reading →\" \/>\n<meta property=\"og:url\" content=\"http:\/\/ipsnews.net\/business\/2020\/05\/22\/foran-mining-announces-mario-grossi-resigns-directorship-and-joins-technical-committee\/\" \/>\n<meta property=\"og:site_name\" content=\"Business\" \/>\n<meta property=\"article:published_time\" content=\"2020-05-22T10:15:00+00:00\" \/>\n<meta name=\"author\" content=\"Asiya\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Asiya\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"http:\/\/ipsnews.net\/business\/2020\/05\/22\/foran-mining-announces-mario-grossi-resigns-directorship-and-joins-technical-committee\/\",\"url\":\"http:\/\/ipsnews.net\/business\/2020\/05\/22\/foran-mining-announces-mario-grossi-resigns-directorship-and-joins-technical-committee\/\",\"name\":\"Foran Mining Announces Mario Grossi Resigns Directorship and Joins Technical Committee - 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