Fokus Mining is pleased to announce an update of its 2024-2025 exploration program on the Galloway Property, along the Cadillac-Larder Lake Fault, between the Rouyn-Noranda and Kerr-Addison mining camps. This update highlights the Company's recent drilling results, planned drilling campaign and upcoming geophysical survey. The Company has also strengthened its financial position to assist in advancing exploration efforts [...]
Fokus Mining is pleased to announce the initiation of its 2024-2025 exploration program on the Galloway Property. Fokus is focusing on advancing the Galloway Project. This is a 2,866-hectare project near the Cadillac-Larder Lake Fault Zone, known for its prolific mineral endowment. Recent work on the Western claims of the Galloway Property outlined a NI 43-101 inferred mineral resource of 1.42 million ounces of gold at [...]
Fokus Mining is pleased to announce the appointment of Philippe MacKay as the Company's new Chief Executive Officer effective as of November 4, 2024 and that Philippe MacKay and Kerry Sparkes have also been appointed as directors of the Company as of today. Philippe MacKay joins Fokus after nearly ten years at the Osisko Group, where he last held the position of Mine Manager for the Cariboo Gold Project. In this role, he [...]
Fokus Mining is pleased to announce that it has held the closing of its previously announced non-brokered private placement by issuing 17,500,000 units at a price of $0.05 per Unit and 12,500,000 "flow-through" units at a price of $0.08 per FT Unit, for gross proceeds to Fokus of $1,875,000. Each Unit is comprised of one common share in the capital of the Company and one Common Share purchase warrant. Each FT Unit is [...]
Fokus Mining is pleased to announce that further to its news release dated September 12, 2024, that due to strong market demand, the Company is upsizing its previously announced non-brokered private placement from a minimum of $1,500,000 to $1,875,000 subject to increase at the discretion of the board of directors of the Company. The up-sized offering will be comprised of: approximately $875,000 in proceeds raised via the [...]
Fokus Mining is pleased to announce that it will undertake a best efforts non-brokered private placement for minimum aggregate gross proceeds in the amount of $1.5 million, comprised of: approximately $500,000 in proceeds raised via the issuance of units of the Company at a price of $0.05 per Unit and $1,000,000 in proceeds raised via the issuance of flow-through units of the Company at a price of $0.08 per FT Unit. Each [...]
Fokus Mining wishes to make some important clarifications and corrections to the information sent out in a press release on July 4, 2024 about its Galloway project. Fokus would first like to specify that the only current mineral resource estimate for the Galloway project is that presented in the press release dated March 23 2023 which is supported by a Technical Report entitled "NI 43-101 Technical Report and Mineral [...]
Fokus Mining wishes to announce that Jean Rainville has informed the Board of Directors that he will retire and resign as President and Chief Executive Officer of the Company effective on July 31, 2024. Mr. Rainville will remain a director of the Company for a transition period. Mr. Sylvain Champagne, the acting Chief Financial Officer and Secretary of the Company, will be appointed as Interim President and Chief [...]
Fokus Mining is pleased to announce the results of a sensitivity analysis of the gold price on the initial NI 43-101 Mineral Resource estimate for its 100%-owned Galloway gold project. Using the same model as for the initial NI 43-101 MRI at a gold price of US$2,300 per ounce, and a cut-off grade of 0.70, inferred resources would be estimated at 2.71 million ounces of gold. As announced in the press release of May 8th [...]
Fokus Mining is pleased to announce the results of its annual meeting of shareholders held on June 20, 2024. At the Meeting, Fokus shareholders re-elected Jean Rainville, Sylvain Champagne, Gilles Laverdière, Marc-André Lavoie, Ciro Cucciniello, Jean-David Moore and Luc Gervais as directors of Fokus. Following the Meeting, Fokus Board of Directors re-appointed Jean Rainville as President and Chief Executive Officer and [...]
Fokus Mining is pleased to announce that it has awarded a contract to InnovExplo Inc. to: 1) Conduct a sensitivity analysis at today's economical parameters for the NI43-101 open pit shell originally outlined by SRK Consultants in 2012 at a gold price of US $1,400. The estimate included 18.14 million tons of indicated resources at a grade of 0.41 G/T and 2.51 million tons of inferred resources at a grade of 0.39 G/T [...]
Fokus Mining is very pleased to welcome Mr. Luc Gervais, to its Board of Directors. This important appointment takes effect immediately. Luc Gervais has 40 years of experience in engineering, construction and maintenance in the mining and metallurgy sectors. He has held several management positions with metallurgy producers as well as contractors and EPCM firms. He has led many studies for numerous mining companies and [...]
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