Foran Mining (FOM-V) Zinc play
www.foranmining.com
77.2 million o/s
Insiders own 17%
20% Institutional
11% Pierre Lassonde
5% Corporate
$9.3 million cash
Foran Mining Corporation is a diversified exploration and development company focused on central Canada’s prolific Flin Flon mining belt. Foran’s flagship McIlvenna Bay Project 100% own is located in east central Saskatchewan, 65 km west of Flin Flon, Manitoba.
McIlvenna Bay is one of the largest undeveloped VMS deposits in Canada, with a 2011 global resource of:
12.07 Mt of 1.16% copper, 3.69% zinc & 19 g/t silver, or 2.50% copper equivalent (indicated), and
9.57 Mt of 1.07% copper, 3.86% zinc & 19 g/t silver, or 2.42% copper equivalent (inferred)
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Key people
Patrick Soares, P.Geo – President, CEO and Director
Mr. Soares was appointed President and CEO of Foran Mining Corporation and a member of the Board of Directors in November, 2010. Mr. Soares served as the President and CEO of Brett Resources Inc. from late 2007 until its acquisition by Osisko Mining Corp. in May, 2010. During his tenure as President and CEO of Brett Resources, the market capitalization of the company increased from $60M to approximately $370M.
Mr. Soares holds a B.Sc. (Hons.) from the University of British Columbia and is a Professional Geoscientist with APEGBC. Mr. Soares began his professional career in 1983 as an exploration and mine geologist in northern Canada. Subsequently, he worked in the field of investor relations and corporate development, and held positions with Sutton Resources Ltd. (acquired by Barrick Gold in 1999), EuroZinc Mining Corp. (now part of Lundin Mining Corporation) and Aurizon Mines Ltd. Mr. Soares currently sits on the Board of SnipGold Corp. and Lupaka Gold Corp.
David M. Petroff, B.Math., MBA – Director
Mr. Petroff joined the Board of Directors in 2012 and has over 30 years' experience in the mining and investment industry, including holding senior management and financial positions with several prominent, publicly-traded mining companies and working in Investment Banking with a major Canadian investment dealer.
Mr. Petroff is President, CEO and Director of TSX-listed Jaguar Mining Inc. From early 2009 until its acquisition by Nyrstar NV in mid-2011, he held the role of President, CEO, and Director of zinc producer Breakwater Resources Ltd. Mr. Petroff, who holds a B. Math from the University of Waterloo and an MBA from the Schulich School of Business, also sits on the Board of Full Metal Zinc Ltd. and Pancontinental Uranium Corporation.
Company presentation
foranmining.com
Fact sheet
foranmining.com |
