TSX.V: FKM
OTCQB: FKMCF
Frankfurt: F7E1
ROUYN-NORANDA, QC, Dec. 28,
2023 /CNW/ - Fokus Mining Corporation ("Fokus"
or the "Company") (TSXV: FKM) (OTCQB: FKMCF) (FSE:
F7E1) is pleased to announce that it has retained the services
of ALS Goldspot to review the results of the spring and summer
exploration programs on the Galloway Project in order to better
define future drill targets on the western portion of the property.
This follows their review of the geological models and completion
of the historical data for the entire Galloway property that was completed earlier
in the calendar year.
FOKUS has also recently retained InnovExplo Inc. to review
existing data and assess the potential for the Hendrick Zone to
extend eastwards, as well as the potential of the GP and RB
mineralised zones at depth. InnovExplo is the independent firm that
prepared the first NI43-101 compliant mineral resource on
Galloway (press release dated
March 23, 2023).
Jean Rainville, President, and
CEO commented: "We strive to optimise the dollars spent on our
drilling campaigns, and we believe it is extremely important that
independent parties constantly review our geological models and
help us better define our drill targets".
In addition, the Company highlights the progress made by Mosaic
Minerals (MOC.CN), in which Fokus remains a significant shareholder
(see Mosaic press release dated December, 5 2023). Mosaic is
focused on the exploration of critical elements such as nickel and
lithium in the province of Quebec.
In other news, (as an update of the press release dated
November 29, 2023, in which we had
announced this agreement) Fokus had signed on April 17, a six-month sponsorship agreement with
Rocks and Stocks News reports based in Mexico. The sponsorship program which
consisted mainly in a video that was prepared under the form of
questions and answers and was posted on their website. The Company
and the sponsor are unrelated and unaffiliated entities, and the
sponsor may purchase securities and or sell them for investment
purposes. The Sponsor is not currently a shareholder of the
Company.
The Company has also recently announced (also in the press
release dated November 29, 2023) that
it has engaged Miami based Phenom
Ventures LLC to execute a Sponsorship marketing campaign on Gold
Investment Letter website for the Company to heighten market
awareness and broaden the Company's reach in North America through articles in writing in
their Letter. The Company's primary contact with the sponsor is Mr.
Eric Muschinsk who has worked between Wall Street and Silicon
Valley for almost 30 years in fields from venture capital to every
fact of the public capital markets. The Company and Phenom are
unrelated and unaffiliated entities. In consideration of the
services, the Company paid in full at the beginning of the contract
a fee of $50,000 for a term of one
month which began on November 29,
2023. At its sole discretion the sponsor may purchase and or
sell securities for investment purposes securities in the Company.
The Sponsor is currently a shareholder of the Company.
Qualified Person
The scientific and technical disclosure for Fokus included in
this news release have been reviewed and approved by Gilles
Laverdière, P. Geo. Mr. Laverdière is a director of the Company and
qualified person under National Instrument 43-101 Standards of
Disclosure of Mineral Projects ("NI 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
undertaking and implementing this major project 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 extensions. The
current work focuses on the 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) accept 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