Gold Terra Resource Corp. press release
Two Senior Geologists to Advance Foran's McIlvenna Bay and other Exploration Projects
TSXV - TSX Venture Exchange · Gold · Silver · Arsenic · Antimony · Zinc · Lead · Copper · Rare Earth Elements · Lithium · Tantalum · Tin · Canada
Mar. 18, 2011 (TheNewswire.ca) --
Saskatoon, SK (March 18, 2011) - Foran Mining Corporation (TSXV:FOM) (OOTC:ACKO) (TSX.V: FOM)("Foran" or the "Company") is pleased to announce that Roger March P.Geo., has been hired as Foran`s Manager, Advanced Projects and Dave Fleming P.Geo., has been hired as Foran`s Manager, Exploration for Foran's McIlvenna Bay Volcanogenic Massive Sulphide (VMS) Deposit in northeast Saskatchewan, 60 kilometres west of Flin Flon, Manitoba.
Roger has more than 18 years of progressive exploration and project management experience, focused mainly on the design, implementation and supervision of advanced exploration programs. As the former Senior Project Geologist at Cumberland Resources, Roger spent 11 years as part of the team responsible for the completion of prefeasibility and feasibility level studies for the Meadowbank Gold Project, including resource increases from 800,000 to over 4,000,000 ounces gold during that time. Roger has extensive experience integrating exploration with geotechnical, metallurgical and environmental programs for project development. Roger has multi-commodity exploration experience and has held positions with Inco, Redfern Resources, Lac Minerals and the Newfoundland and Labrador Department of Mines and Energy.
Dave is a Professional Geologist with over 30 years of generating, managing and conducting successful mineral exploration in North America. Dave began his career with Canamax Resources Inc., an exploration group responsible for Yukon exploration and development at the Ketza River Gold Mine and Sa Dena Hes Zn-Pb-Ag Mine. Companies and clients included in Dave's resume' are Cyprus Canada, Kennecott Canada, Billiton Metals, Rio Algom and Teck Exploration. More recently Dave was involved with the Cumberland Resources Ltd. team in exploration through feasibility at the Meadowbank Gold Deposit, Nunavut, resulting in the $690 Million takeover of the company by Agnico-Eagle Mines Ltd. (TSX:AEM) (NYSE:AEM) Dave will use his strong background in district and regional scale exploration and discovery to explore the McIlvenna property as well as Foran`s other properties.
Patrick Soares President and CEO of Foran said, ``we are fortunate to have attracted experienced geologists such As Roger and Dave with the expertise to add shareholder value. They know how to advance and manage projects as demonstrated by their work at the Meadowbank Project and will use the same the skill set on McIlvenna Bay and our other exploration projects. I welcome these two key members to our team. ``
About Foran Mining Corporation
Foran is a diversified exploration company with exploration properties in the Flin Flon mining belt. The Company's flagship project is McIlvenna Bay, a Volcanogenic Massive Sulfide (VMS) Deposit located 60 kilometres west of Flin Flon, Manitoba. The McIlvenna Bay Deposit is one of the largest undeveloped VMS deposits in the region with a mineral resource of 6.7 million tonnes of 0.87% Copper, 6.51% Zinc, and 26.0 grams Silver in the Indicated Category and an Inferred Resource of 6 million tonnes running 0.83% Copper, 5.89% Zinc and 24.8 grams Silver at a cut-off grade of 1.5% Cu and 4.0% Zn. (Outlined in a NI-43-101 report in November 2006 by Scott Wilson Roscoe Postle and Associates Inc.)
"ON BEHALF OF THE BOARD OF DIRECTORS"
|Patrick Soares, P.Geo| |President/CEO | |604-488-0008 |
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Certain statements contained in this news release may contain forward-looking information within the meaning of Canadian securities laws. Such forward-looking information is identified by words such as "estimates", "intends", "expects", "believes", "may", "will" and include, without limitation, statements regarding the company's plan of business operations (including plans for progressing assets), estimates regarding mineral resources, projections regarding mineralization and projected expenditures. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others, metal prices, risks inherent in the mining industry, financing risks, labour risks, uncertainty of mineral resource estimates, equipment and supply risks, title disputes, regulatory risks and environmental concerns. Most of these factors are outside the control of the company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.
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