Rouyn-Noranda, Quebec, Canada, December 1, 2022 – Fokus Mining Corporation, (“Fokus” or the “Company”) (TSXV: FKM, OTCQB: FKMCF, FSE: F7E1) has undertaken a short 1,000-meter drilling program in the RB Zone to test its surface potential on its Galloway property.
The four previous holes drilled in this new gold area located East of GP gold zone had obtained interesting values throughout the core samples, particularly in the upper part of the holes between surface and 250 meters vertical depth.
This program will consist of four shorts holes for a total of 1,045 meters. Three of these holes are drilled from the collars of holes drilled during the 2020-2021 drilling campaign while the last hole will be drilled from the collar of a hole drilled in 2009.
The RB zone is in a similar geological context to the Hendrick zone and opens up the potential for Au-Cu Porphyry mineralization in the main Renault Bay intrusion. Note that the mineralization starts closer to the surface.
The Company also retained the services of GoldSpot Discoveries, a geological services and 3D modeling consulting firm, to review its geological models and complete a compilation of historical data on several areas of Galloway where no work has been carried on for several years.
Jean Rainville, President and CEO of Fokus said: “Additionally to completing our first 43-101 resource report in the main gold zones (GP-Hendrick and Moriss), the Company’s strategy is also to explore the full potential of the great property of Galloway. Our last drilling campaign allowed us the identification by drilling of the RB Zone, but also to test one of the large magnetic anomalies with hole GA-21-59 (see press release of April 12, 2022) and to demonstrate that it is also mineralized with gold. Many other potential targets will also need to be evaluated during future exploration programs.”
Qualified Person
This press release was approved by Gilles Laverdière, P. Geo, Director 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.
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 kilometres. Numerous gold deposits are related to that structure and its subsidiaries. The Company is currently focusing its exploration efforts on a small western portion of the mining claims where several mining occurrences have been identified. For more information, please visit our website at:
www.fokusmining.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information: Jean Rainville, President & Chief Executive Officer
Tel.: (514) 918-3125, Fax: (819) 762-0097
Email: jrainville@fokusmining.com
Related Links : https://fokusmining.com/
Caution Regarding Forward-Looking Statements
Certain statements contained in this news release may constitute forward-looking information. Forward-looking information is often, but not always, identified by the use of words such as “anticipate”, “plan”, “estimate”, “expect”, “may”, “will”, “intend”, “should”, and similar expressions. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. The Company’s actual results could differ materially from those anticipated in this forward-looking information as a result of regulatory decisions, competitive factors in the industries in which the Company operates, prevailing economic conditions, changes to the Company’s strategic growth plans, and other factors, many of which are beyond the control of the Company. The Company believes that the expectations reflected in the forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon. Any forward looking information contained in this news release represents the Company’s expectations as of the date hereof, and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable securities legislation.