Fokus Mining Corp. is pleased to announce that it has completed its four-drill hole program on the RB Zone announced early in December 2022 . Eight holes have now been completed in this newly discovered gold mineralized area located East of the GP Zone. As the drill rig is still at the site, the Company decided to add four more drill holes to the RB Zone program for a total of roughly an additional 1,300 meters as more [...]
Fokus Mining announces that its Board of Directors granted stock options in respect of an aggregate of 2,300,000 common shares to Fokus' Directors, Officers and one consultant. The exercise price of the options is $0.08 per share, which is higher of the closing price of Fokus' common shares on the TSX Venture Exchange on Thursday December 29, 2022. The options vest immediately and will expire in five years, for the [...]
Fokus Mining Corp. is pleased to announce that it has completed a closing of its non-brokered private placement. The Company issued 9,175,000 units at a price of $0.06 per Unit, for aggregate gross proceeds to Fokus of $550,500, and 4,950,000 "flow-through units at a price of $0.08 per FT Unit, for aggregate gross proceeds to Fokus of $396,000. Each of the Units is comprised of one common share and one common share [...]
Fokus Mining Corp., 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 [...]
Fokus Mining Corp. is pleased to announce that the metallurgical testing required to complete its independent NI43-101 compliant resource estimate has been completed. It has been demonstrated that, from an environmental perspective, the mineralization does not present a particularly significant problem as the sulphur content is low and there are no significant deleterious elements in the mineralized zones tested. The gold [...]
Fokus Mining is pleased to announce that the metallurgical tests required to complete its independent NI43-101 resource estimate are now underway and will be completed by the end of October. The selection and preparation of the samples and the test protocols were conducted independently. Drill core samples were provided from the Hendrick and GP zones to prepare composites. Test work includes mineralogy, head samples [...]
Fokus Mining Corp., through its management, announces that, in collaboration with the geological and engineering services firm Innovexplo, it has mandated Soutex to supervise various metallurgical tests to be carried out on the mineralized zones drilled in the last two years in the western part of the Galloway property. This next step follows various studies carried out by Innovexplo including the generation of [...]
Fokus Mining Corp. is pleased to announce that it has entered into an agreement with Vantex Resources Ltd., pursuant to which it will acquire for cancelation the rights of the Vendor to receive $500,000 from the Company, upon the first declaration of a minimum 500,000 ounces of gold as "indicated resources" on the Galloway gold project, and an additional $500,000 upon the first declaration of a minimum 1,000,000 ounces [...]
Fokus Mining Corp. announces that it acquired 5,000,000 common shares of Mosaic Minerals Corp. on July 28, 2022 in connection with two property transactions between Fokus and Mosaic Minerals. Prior to the Transactions, Fokus held 5,000,000 common shares of Mosaic Minerals. Immediately following the Transactions, Fokus holds 10,000,000 common shares of Mosaic Minerals. As a result of the Transactions, Fokus' shareholdings [...]
Fokus Mining Corp. is pleased to announce that it has entered into an agreement to sell the 95 mining claims comprising the Gaboury property and the 59 mining claims comprising the 113 North property to Mosaic Minerals Corp. Those two properties had previously been optioned to Mosaic in 2021. The Company will receive three million treasury common shares of Mosaic for the Gaboury property and two million treasury common [...]
Fokus Mining Corp. is pleased to announce that it has completed a second and final closing of its previously announced non-brokered private placement. The Company issued in this second tranche 2,500,000 units at a price of $0.08 per Unit, for aggregate gross proceeds to the Company of $200,000, and 2,500,000 "flow-through" units at a price of $0.10 per FT Unit, for aggregate gross proceeds to the Company of $250,000. Each [...]
Fokus Mining announces that it will be increasing the size of its non-brokered private placement previously announced on May 11, 2022 to provide for the sale of up to 6,000,000 additional "flow-through" units at a price of $0.10 per FT Unit for gross proceeds to Fokus of $600,000. The other terms of the Private Placement are unchanged and will remain the same as to the ones previously announced in the May Press Release [...]
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