Foran Mining Corporation announced a project update for its pre-development program at the McIlvenna Bay Project in Saskatchewan, along with the launch of a photo gallery, which will be updated regularly as activity on site continues to ramp-up. To date, Foran has completed work on the boxcut, ground support, as well as the blasting and excavation of the first 10m of planned advancement on the exploration decline. The construction and placement of the ore and waste pad is 95% complete and development of the containment pond is 40% complete.

The ore and waste pad and the containment pond are expected to be completed by the end of April. Foran has also re-energized the 1.2 MW existing distribution line and commissioned a temporary workshop that will support the ongoing exploration decline program. The next two months are expected to focus on completion of the ore and waste pad, the containment pond, and advancement of the decline as target the extraction of a bulk sample in H2/22.

McIlvenna Bay's exploration decline is expected to be 1,475m in length down to a depth of 90m below surface. Approximately 850m of ramp development is required to access the deposit where a single 100m cross-cut will be developed into the hanging wall to facilitate bulk sample collection. The remaining development metres are attributable to a planned exploration drift.

The Company expects to mine a 4,400 tonne bulk sample that will be used to confirm metallurgical test-work and further optimize processing design. The sample will also provide the opportunity to complete ore sorting test-work and verify characterizations of mill tailings product to accurately define long-term dry-stack tailings management requirements. Underground mapping and drilling will also be conducted to improve the Company's knowledge of the deposit.