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Foran Continues to Build Management Team: Appoints CFO and VP Corporate Development
Published : May 05, 2011
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Keywords :   Canada | Copper | Market | Silver | Zinc |

SASKATOON, SASKATCHEWAN--(Marketwire - May 5, 2011) - Foran Mining Corporation (News - Market indicators) ("Foran" or the "Company") is pleased to announce the appointment of Mr. Tim Thiessen as Chief Financial Officer and Dr. Fiona Childe as Vice President, Corporate Development of the Company.

Tim Thiessen, a Canadian Chartered Accountant, has 13 years of international experience in both public accounting and the mining industry. Most recently he was CFO of Aurcana Corporation, a publicly listed silver and copper producer, where he oversaw the accounting and finance departments and played a key role in growing Aurcana's market cap from $30 million to over $250 million. Previously he held various positions with Endeavour Financial Ltd., Endeavour Mining Capital Corp. and with Deloitte LLP.

Fiona Childe, Vice President, Corporate Development, Ph.D., P.Geo., has over fifteen years of experience in the mining sector and brings a strong combination of technical and corporate skills to the Company. She has established effective business development and communications strategies for mining and exploration companies globally, and has held senior management positions with several private and TSX listed mining and development companies. Fiona will commence employment with Foran effective May 9, 2011.

President and CEO Patrick Soares commented "I am pleased to welcome Tim and Fiona to Foran. This is an exciting time for the Company, as we advance our 100% owned McIlvenna Bay Project. Tim and Fiona bring a depth of industry experience to Foran and they will be key members of the management team as we move forward with McIlvenna Bay."

Foran would like to thank Allyson Stephens for her dedication during the past five years as Chief Financial Officer. She will remain as Corporate Secretary of the Company.

About Foran Mining

Foran is a diversified exploration company with properties in the Flin Flon mining belt. The Company's flagship project is McIlvenna Bay, a Volcanogenic Massive Sulphide (VMS) deposit located in northeastern Saskatchewan, 60 kilometers 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, using a cut‐off grade of 4.0% zinc and 1.5% copper (as applicable).

This resource estimate is presented in an independent National Instrument 43-101 technical report, dated November 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.forangold.com.



Foran Mining Corporation
Patrick Soares
President and CEO
604-488-0008
psoares@foranmining.com
or
Foran Mining Corporation
Fiona Childe
VP, Corporate Development
604-488-0008
fchilde@foranmining.com
www.forangold.com
Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

Foran Mining Corp.

CODE : FOM.V
ISIN : CA3449112018
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Foran Mining is a copper exploration company based in Canada.

Foran Mining holds various exploration projects in Canada.

Its main exploration properties are KISSEYNEW, LEO LAKE and MCILVENNA BAY-HANSON LAKE in Canada.

Foran Mining is listed in Canada and in United States of America. Its market capitalisation is CA$ 294.9 millions as of today (US$ 235.8 millions, € 206.6 millions).

Its stock quote reached its highest recent level on February 13, 1998 at CA$ 9.80, and its lowest recent point on March 20, 2009 at CA$ 0.04.

Foran Mining has 98 970 000 shares outstanding.

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2/7/2013Appoints Technical Consultant
5/5/2011Continues to Build Management Team: Appoints CFO and VP Corp...
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6/15/2011Completes Phase One Program at McIlvenna Bay with High Grade...
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6/6/2011Announces Appointment of Corporate Secretary and Grant of St...
5/10/2011Intersects 1.70% Cu and 0.46 g/t Au Over 47.55m at McIlvenna...
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