# Tesla Zone Delivers Down Dip Expansion Potential with Latest Drill Results Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/tesla-zone-delivers-down-dip-expansion-potential-with-latest-drill-results--a0669d6c-d639-4208-b4c9-28d2a93a9e02 Original source: https://money.tmx.com/en/quote/FOM/news/8249799791551623/tesla-zone-delivers-down-dip-expansion-potential-with-latest-drill-results Publisher: tmx Original announcement: 2026-02-20T11:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Foran Mining Corporation - Ticker: FOM - Exchange: TSX - Region: Saskatchewan - Primary commodity: Copper - Secondary commodities: Zinc, Silver, Gold - Document categories: Drill results, Other - Extracted: 2026-09-17 22:59:38 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Foran Mining has reported high-grade copper-zinc drill results from its Tesla Zone at the McIlvenna Bay Project, notably a 7.7m intercept at 2.03% Cu and 6.08% Zn. These results confirm down-dip expansion potential and represent some of the deepest intercepts in the Main Lens to date, supporting an upcoming inaugural resource estimate in H2 2026. Reasoning: The drill results from TS-25-45w2 show significant high-grade copper and zinc intercepts at depth, confirming the expansion potential of the Tesla Zone and providing strong support for the upcoming inaugural resource estimate. - Positive factor: High-grade copper intercepts in the Main Lens - Positive factor: Expansion potential confirmed down-dip - Positive factor: Deepest intercepts to date in the Main Lens - Positive factor: Continuity of mineralization confirmed across multiple lenses - Negative factor: Presence of a local feldspar porphyry dyke causing a small lower-grade area Facts used in scoring: 8 ## Classification and evidence **Bonanza Intercept** Polarity: positive Definition: Exceptionally high-grade zone, well above the deposit-type norm. Why it applies: 7.7m at 2.03% Cu and 6.08% Zn is a very strong intercept for this deposit type. Evidence · text > 7.7m grading 2.03% Cu, 6.08% Zn, 26.2 g/t Ag and 0.49 g/t Au \(4.07% CuEq\) **Step-Out Extension** Polarity: positive Definition: Mineralization extended beyond the previously known limit. Why it applies: The results confirm down-dip expansion potential and represent the farthest down-dip intercept to date. Evidence · text > This intersection marks the farthest down dip intercept of the Main Lens drilled to date, indicating that the Tesla mineralizing system is still going strong at depth **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: The release details laboratory \(SRC\), accreditation \(ISO/IEC 17025\), and specific QA/QC methods \(standards, blanks, duplicates\). Evidence · text > Sample assays are performed by the Saskatchewan Research Council \("SRC"\) Geoanalytical Laboratory in Saskatoon, Saskatchewan. SRC is a Canadian accredited laboratory \(ISO/IEC 17025:2017\) and independent of Foran. **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: The program included infill drilling to tighten spacing in the up-dip portion of the Tesla Zone. Evidence · text > focused on infill and expansion drilling in the northern part of the Tesla Zone. ## Extracted facts Stored fact records: 8. Some facts used in scoring do not have a stored record. ## Drill Results (8) ### HG-25-01w3 [Link to this fact](https://atlas-extractions.minestarters.com/news/tesla-zone-delivers-down-dip-expansion-potential-with-latest-drill-results--a0669d6c-d639-4208-b4c9-28d2a93a9e02#fact-drill-facts-0) McIlvenna Bay · copper #### Identity - Hole ID: HG-25-01w3 - Project: McIlvenna Bay - Commodity: copper - Region: canada\_sk - Reported Region: canada\_sk - Ticker: FOM #### Geometry - Grade: 0.07 - Grade Unit: % - Intercept: 5.1 m - From: 1314.6 m - To: 1319.8 m - Intercept Depth: 1314.6 m #### Classification - Sample Type: drill - Group ID: HG-25-01w3:1314.6-1319.8 #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-02-20T00:00:00.000Z Reasoning: Low grade copper intercept in the Cu1 Lens. Evidence · table > 0.07 Context: 5.1 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "In parallel, we will shift our focus to shallower, near-mine targets as we continue executing our strategy to unlock a b" ### HG-25-01w3 [Link to this fact](https://atlas-extractions.minestarters.com/news/tesla-zone-delivers-down-dip-expansion-potential-with-latest-drill-results--a0669d6c-d639-4208-b4c9-28d2a93a9e02#fact-drill-facts-1) McIlvenna Bay · zinc #### Identity - Hole ID: HG-25-01w3 - Project: McIlvenna Bay - Commodity: zinc - Region: canada\_sk - Reported Region: canada\_sk - Ticker: FOM #### Geometry - Grade: 4.8 - Grade Unit: % - Intercept: 5.1 m - From: 1314.6 m - To: 1319.8 m - Intercept Depth: 1314.6 m #### Classification - Sample Type: drill - Group ID: HG-25-01w3:1314.6-1319.8 #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-02-20T00:00:00.000Z Reasoning: Moderate zinc grade. Evidence · table > 4.80 Context: 5.1 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "In parallel, we will shift our focus to shallower, near-mine targets as we continue executing our strategy to unlock a b" ### HG-25-01w3 [Link to this fact](https://atlas-extractions.minestarters.com/news/tesla-zone-delivers-down-dip-expansion-potential-with-latest-drill-results--a0669d6c-d639-4208-b4c9-28d2a93a9e02#fact-drill-facts-2) McIlvenna Bay · silver #### Identity - Hole ID: HG-25-01w3 - Project: McIlvenna Bay - Commodity: silver - Region: canada\_sk - Reported Region: canada\_sk - Ticker: FOM #### Geometry - Grade: 14.7 - Grade Unit: g/t - Intercept: 5.1 m - From: 1314.6 m - To: 1319.8 m - Intercept Depth: 1314.6 m #### Classification - Sample Type: drill - Group ID: HG-25-01w3:1314.6-1319.8 #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-02-20T00:00:00.000Z Reasoning: Low silver grade. Evidence · table > 14.7 Context: 5.1 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "In parallel, we will shift our focus to shallower, near-mine targets as we continue executing our strategy to unlock a b" ### HG-25-01w3 [Link to this fact](https://atlas-extractions.minestarters.com/news/tesla-zone-delivers-down-dip-expansion-potential-with-latest-drill-results--a0669d6c-d639-4208-b4c9-28d2a93a9e02#fact-drill-facts-3) McIlvenna Bay · gold #### Identity - Hole ID: HG-25-01w3 - Project: McIlvenna Bay - Commodity: gold - Region: canada\_sk - Reported Region: canada\_sk - Ticker: FOM #### Geometry - Grade: 0.08 - Grade Unit: g/t - Intercept: 5.1 m - From: 1314.6 m - To: 1319.8 m - Intercept Depth: 1314.6 m #### Classification - Sample Type: drill - Group ID: HG-25-01w3:1314.6-1319.8 #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-02-20T00:00:00.000Z Reasoning: Trace gold grade. Evidence · table > 0.08 Context: 5.1 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "In parallel, we will shift our focus to shallower, near-mine targets as we continue executing our strategy to unlock a b" ### TS-25-45w2 [Link to this fact](https://atlas-extractions.minestarters.com/news/tesla-zone-delivers-down-dip-expansion-potential-with-latest-drill-results--a0669d6c-d639-4208-b4c9-28d2a93a9e02#fact-drill-facts-4) McIlvenna Bay · copper #### Identity - Hole ID: TS-25-45w2 - Project: McIlvenna Bay - Commodity: copper - Region: canada\_sk - Reported Region: canada\_sk - Ticker: FOM #### Geometry - Grade: 2.03 - Grade Unit: % - Intercept: 7.7 m - From: 1623.4 m - To: 1631 m - Intercept Depth: 1623.4 m #### Classification - Sample Type: drill - Group ID: TS-25-45w2:1623.4-1631 #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-02-20T00:00:00.000Z Reasoning: Strong high-grade copper intercept in the Main Lens massive sulphide. - Positive factor: High grade copper intercept - Positive factor: Confirms down-dip expansion Evidence · table > 2.03 Context: 7.7 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "In parallel, we will shift our focus to shallower, near-mine targets as we continue executing our strategy to unlock a b" ### TS-25-45w2 [Link to this fact](https://atlas-extractions.minestarters.com/news/tesla-zone-delivers-down-dip-expansion-potential-with-latest-drill-results--a0669d6c-d639-4208-b4c9-28d2a93a9e02#fact-drill-facts-5) McIlvenna Bay · zinc #### Identity - Hole ID: TS-25-45w2 - Project: McIlvenna Bay - Commodity: zinc - Region: canada\_sk - Reported Region: canada\_sk - Ticker: FOM #### Geometry - Grade: 6.08 - Grade Unit: % - Intercept: 7.7 m - From: 1623.4 m - To: 1631 m - Intercept Depth: 1623.4 m #### Classification - Sample Type: drill - Group ID: TS-25-45w2:1623.4-1631 #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-02-20T00:00:00.000Z Reasoning: Strong zinc grade accompanying high copper. Evidence · table > 6.08 Context: 7.7 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "In parallel, we will shift our focus to shallower, near-mine targets as we continue executing our strategy to unlock a b" ### TS-25-45w2 [Link to this fact](https://atlas-extractions.minestarters.com/news/tesla-zone-delivers-down-dip-expansion-potential-with-latest-drill-results--a0669d6c-d639-4208-b4c9-28d2a93a9e02#fact-drill-facts-6) McIlvenna Bay · silver #### Identity - Hole ID: TS-25-45w2 - Project: McIlvenna Bay - Commodity: silver - Region: canada\_sk - Reported Region: canada\_sk - Ticker: FOM #### Geometry - Grade: 26.2 - Grade Unit: g/t - Intercept: 7.7 m - From: 1623.4 m - To: 1631 m - Intercept Depth: 1623.4 m #### Classification - Sample Type: drill - Group ID: TS-25-45w2:1623.4-1631 #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-02-20T00:00:00.000Z Reasoning: Good silver grade. Evidence · table > 26.2 Context: 7.7 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "In parallel, we will shift our focus to shallower, near-mine targets as we continue executing our strategy to unlock a b" ### TS-25-45w2 [Link to this fact](https://atlas-extractions.minestarters.com/news/tesla-zone-delivers-down-dip-expansion-potential-with-latest-drill-results--a0669d6c-d639-4208-b4c9-28d2a93a9e02#fact-drill-facts-7) McIlvenna Bay · gold #### Identity - Hole ID: TS-25-45w2 - Project: McIlvenna Bay - Commodity: gold - Region: canada\_sk - Reported Region: canada\_sk - Ticker: FOM #### Geometry - Grade: 0.49 - Grade Unit: g/t - Intercept: 7.7 m - From: 1623.4 m - To: 1631 m - Intercept Depth: 1623.4 m #### Classification - Sample Type: drill - Group ID: TS-25-45w2:1623.4-1631 #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-02-20T00:00:00.000Z Reasoning: Solid gold grade in a high-grade base metal intercept. Evidence · table > 0.49 Context: 7.7 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "In parallel, we will shift our focus to shallower, near-mine targets as we continue executing our strategy to unlock a b" ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.