Foran Mining Corporation (TSX VENTURE:FOM) ("Foran" or the "Company") is pleased
to announce the appointment of Betty Goyette as Corporate Secretary of the
Company, effective June 1, 2011. The Company also announces the grant of
options, subject to TSX Venture Exchange approval.


Ms. Betty Goyette has over 35 years' experience in the administrative
field,providing solid leadership in administration and human resources
management. She spent over 13 years with Cumberland Resources Ltd. (acquired by
Agnico Eagle Mines Limited in 2007), holding several positions during her
tenure, including Manager of Administration and Human Resources, as well as
Corporate Secretary. Betty received her Human Resources Management Certificate
(Hons.) from British Columbia Institute of Technology in 2006.


President and CEO Patrick Soares commented, "I am pleased to welcome Betty to
Foran; she brings a wealth of experience in corporate and administrative matters
to the Company. I would also like to thank our outgoing Corporate Secretary,
Allyson Stephens, for her dedication to Foran over the last seven years."


Subject to TSX Venture Exchange approval, Foran has granted 100,000 incentive
stock options to an Officer of the Company. The options are set for a period of
five years, expiring on June 1, 2016, and will allow the holder to purchase a
share in the Company at a price of $0.90. Any shares issued on the exercise of
these stock options will be subject to a four-month hold period from date of
grant. 


About Foran Mining

Foran is a diversified exploration and development company with projects in the
Flin Flon mining belt. The Company's flagship project is McIlvenna Bay, a
Volcanogenic Massive Sulphide ("VMS") deposit located in east central
Saskatchewan, 60 kilometres west of Flin Flon, Manitoba. 


McIlvenna Bay is one of the largest undeveloped VMS deposits in Canada, with an
indicated mineral resource of 6.7 million tonnes grading 0.87% copper, 6.51%
zinc and 26.0 g/t silver and a further 6.0 million tonnes grading 0.83% copper,
5.89% zinc and 24.8 g/t silver in the inferred category, based on copper and
zinc prices of US$1.50/lb. and US$0.70/lb., respectively, and recoveries of 81%
for copper and 72% for zinc. The resource estimate calculated NSR values based
on projected mining and milling costs and used an NSR cut-off of $50/tonne.
Cut-off grades of 1.5% copper and 4.0% zinc were used for the massive and
semi-massive sulphide zones. For the Copper Stringer Zone, the cut-off was based
on geological boundaries, entire intersections, and a minimum width of three
metres, rather than on a specific cut-off grade. This resource estimate is
presented in an independent National Instrument 43-101 technical report, dated
November 27, 2006 and authored by Scott Wilson Roscoe Postle and Associates Inc.
The report is available on SEDAR at www.sedar.com or on the Company's website at
www.foranmining.com. 


Foran trades on the TSX.V under the symbol "FOM".

Certain statements contained in this news release may contain forward-looking
information.


Forward Looking Statements 

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.


Vortex Metals (TSXV:VMS)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Vortex Metals Charts.
Vortex Metals (TSXV:VMS)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Vortex Metals Charts.