Fokus Mining Corp. is pleased to announce that it has entered into an agreement to purchase a 1% net smelter return royalty on 16 mining claims comprising the Lake Fortune West portion of its Galloway project from Golden Share Resources. The Company will be acquiring the NSR for a total consideration consisting of a cash payment of $25,000 and the issuance of 50,000 common shares of the Company to the Vendor. The [...]
Fokus Mining Corp. is pleased to announce that it has held a first closing of a non-brokered private placement in which it issued 2,252,500 units at a price of $0.08 per Unit, for aggregate gross proceeds to Fokus of $180,200, and 2,354,500 "flow-through units at a price of $0.10 per FT Unit, for aggregate gross proceeds to Fokus of $235,450. Each of the Units is comprised of one common share and one common share purchase [...]
Fokus Mining Corp. announces the discovery of a new gold zone located at about 700 metres east of the GP-RB showings and about 400 metres south of the Hurd showing. Hole GA-21-59, over 1,500 m long, intersected several gold intersections from 190 to 1,260 m along the hole. This drilling was done to test a magnetic signature similar to the Hendrick zone. The results seem to demonstrate that the environment of this hole [...]
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 [...]