ROUYN-NORANDA, QC, Dec. 1, 2022
/CNW Telbec/ - 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
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 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
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.
Related Links
http://fokusmining.com/
Caution regarding forward-looking statements
Certain
statements contained in this press release may constitute
forward-looking information or statements. Forward-looking
information is often, but not always, identified using words such
as "anticipate", "plan", "estimate", "expect", "may", "will", "will
have", "should", and other 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 due to
regulatory decisions, competitive factors in the industries in
which the Company operates, prevailing economic conditions, changes
in the Company's strategic growth plans and other factors, many of
which are beyond the Company's control. 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, accordingly, such forward-looking
information should not be relied upon as such. All forward-looking
information contained in this press 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.
SOURCE Fokus Mining Corporation