Rouyn-Noranda, Quebec, Canada, September 23, 2021 – Fokus Mining Corporation (“Fokus” or the “Company”) (TSXV: FKM, OTCQB: FKMCF, FSE: F7E1) is pleased to announce that it has mandated InnovExplo Inc., consultant in geology and mining engineering in order to begin mineral resources estimates update on the GP Zone and initial estimates of the AuEq on Hendrick
and Moriss zones and overall Golden Triangle area of the Galloway project, where a major drilling program is still underway. InnovExplo will also make a series of recommendations in order to maximize the data from actual and future drilling.
Validation and interpretation of the geological data, preparation of advanced 3D models, and other exploration recommendations will be required to achieve those new independent mineral resources estimates following NI 43-101 and CIM Definitions, standards, and best practices. It is currently planned that the NI 43-101 report would be completed in the second quarter of the year 2022.
Note that Fokus had already retained the services of InnovExplo to carry a study on the litho geochemical characterisation of the different types of lithologies, alteration and mineralization encountered on the Galloway property.
Jean Rainville, CEO and President of Fokus states: “The last resource estimate was produced in 2012 and only included the work done at the time on the GP Zone and did not take into account the Hendrick and Moriss zones. Since then, we have completed over 30,000 additional meters of diamond drilling in these areas. We believe that the production of this evaluation is fully justified and that unfortunately, due to the delays in the drill hole analysis results, we will have to wait until Q2 to get the independent report. For now, we are continuing our planned 40,000 meter program while focusing our energies on the Hendrick zone.”
This press release was approved by Gilles Laverdière, P. Geo. And Qualified Person under National Instrument 43-101.
About Fokus Mining
Fokus Mining Corporation is a mineral resource company actively acquiring and exploring precious metal deposits located in the province of Quebec, Canada. In implementing this major undertaking within the Canadian mining industry, we are determined to unlock the secret of the Galloway gold project.
For further information:Jean Rainville, President & Chief Executive Officer
Tel.: (514) 918-3125, Fax: (819) 762-0097
The Galloway project covers an area of 2,865.54 hectares and is located just north of the Cadillac-Larder Lake deformation which extends laterally for more than 100 km. Numerous gold deposits are related to that structure and its subsidiaries. The current work focuses on a small western portion of the mineral claims where several mineral occurrences have been identified. For more information, visit our website: fokusmining.com.
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