The company has discovered high-grade gold mineralization in the Jubilee Shear Zone and Sadowski Gold Zone at the Ontario property.

Rose is a high purity spodumene project, which will produce a 6% technical grade concentrate initially for the glass and ceramics industries.

Another surface hole, AE-21-027 returned 5.2 g/t over 4.8 metres from 339 metres down hole.

Above the bulk-tonnage mineralization, recent drilling also intersected the Pioneer main vein, returning 6.4 metres of 7.46 g/t gold.

The company expects to reach 80% completion of construction by the end of the year.

A 2019 technical report outlines an open-pit gold mine with an expected operative life of 10 years and annual gold production of 170,000 ounces.

Foran announced earlier this year that McIlvenna Bay will be the world’s first carbon-neutral copper mine.