Fokus Mining Corp. is pleased to announce new drilling results on the Hendrick zone of the Galloway Project, located in the Rouyn-Noranda mining sector in Abitibi. Hole GA-21-56, located in the central portion of the Hendrick zone, recovered a gold zone of more than 322 m along the hole at a grade of 1.08 g/t AuEq including 2.31 g/t AuEq over 16.5 m, 3.19 g/t AuEq over 12 m and 1.46 AuEq over 13.50 m. Hole GA-21-58 [...]
Fokus Mining Corp. is pleased to provide more drill results mostly on its Hendrick zone on its Galloway project located near Rouyn-Noranda in the Abitibi region. Drillhole no GA-21-53 located in the Eastern portion of the Hendrick zone has intersected the gold bearing zone along 312 meters grading 1.18 G/T AuEq including 144 meters at a grade of 1.67 G/T AuEq, 48 meters at a grade of 1.65 G/T AuEq and 78 meters grading [...]
Fokus Mining Corp. is pleased to release some partial results from the Hendrick Zone, located in the southern axis of the Golden Triangle area of the Galloway project. The reported results are located approximately 400 m north of the previous Hendrick intersections suggesting a thickness of approximately 400 m of the mineralized zone due to the pervasive nature of the gold mineralization. These preliminary and very [...]
Fokus Mining Corp. is pleased to announce the beginning of approximately 1,500 meters of exploration drilling to test a large magnetic anomaly detected during the last High-Resolution airborne magnetic survey. Following the results of this survey conducted by Novatem Inc., a large magnetic anomaly offering some similarity to the magnetic anomaly associated with the Hendrick Zone, which is located approximately 1 km to the [...]
Fokus Mining Corp. 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 [...]
Fokus Mining Corp. is pleased to announce that it continues to intercept wide gold-copper mineralization on Hendrick, strong gold mineralization on GP and is encouraged by initial results on Hurd. All results available since the month of May 2021 are presented in the table below. KEY FACTS Good gold mineralization on four more holes on the GP Zone Three more holes show the magnitude of the gold-porphyry system on the [...]
Fokus Mining Corp. is pleased to announce the results of its annual meeting of shareholders held on June 29, 2021, in Rouyn-Noranda. At the meeting, Fokus shareholders re-elected Jean Rainville, Sylvain Champagne, Gilles Laverdière, Marc-André Lavoie, Ciro Cucciniello and Steve Duchesne as directors of Fokus. Following the meeting, Fokus Board of Directors re-appointed Jean Rainville as President and Chief Executive [...]
Fokus Mining Corp. is pleased to announce that it has closed a non-brokered private placement by issuing 8,392,857 units at a price of $0.14 per Unit, for gross proceeds to Fokus of $1,175,000. Each Unit is comprised of one common share and one-half of a common share purchase warrant. Each whole warrant entitles the holder to acquire one additional common share of Fokus at a price of $0.20 until July 5, 2023. Fokus will [...]
Fokus Mining Corp. announces that on June 14, 2021, it acquired 2,000,000 common shares of Mosaic Minerals in connection with a property transaction between Fokus and Mosaic Minerals. Prior to the Transaction, Fokus held 3,000,000 common shares of Mosaic Minerals. Immediately following the Transaction, Fokus holds 5,000,000 common shares of Mosaic Minerals. As a result of the Transaction, Fokus' shareholdings in Mosaic [...]
Fokus Mining Corp. is pleased to announce that it has concluded an agreement with the company Mosaic Minerals in order to explore and develop the 113 North property located in Abitibi. "There are so many high quality targets on the Galloway project for mineralization that we need to concentrate our efforts there in the near future" states Jean Rainville, President and CEO of Fokus. The 113 North property, acquired by [...]
Fokus Mining Corp. is pleased to announce that it has now made the fourth and last payment pursuant to previously announced option agreement whereby Fokus was allowed to acquire 100% interest in the mineral claims on the Galloway project. GALLOWAY PROPERTY: KEY FACTS Final option payment made giving Fokus a 100% interest in the Galloway property. Airborne magnetic survey completed on the eastern part of the property [...]
Fokus Mining Corp. is pleased to announce that it has intersected 343.45 meters grading 0.62 g/t AuEq, including a section of 11.5 meters grading 1.22 g/t AuEq and 1.54 g/t AuEq over 9.0 meters in hole GA-21-24 on the GP Zone. All the results available to date are presented in the tables below. KEY FACTS Good gold intersections on the GP Zone in three holes. Discovery of the potential extension of the Moriss Zone at depth [...]