TSX.V: FKM
OTCQB: FKMCF
Frankfurt: F7E1
ROUYN-NORANDA, QC, Aug. 31,
2022 /CNW/ - Fokus Mining Corporation,
("Fokus" or the "Company") (TSXV: FKM) (OTCQB: FKMCF)
(FSE: F7E1) 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 lithological, structural and alteration
models of the same mineralized zones and recommendations to prepare
an independent resource estimate on the Galloway project. Soutex specialises in
mineral processing and metallurgy, providing services from the
early stages of design through to the day-to-day operations of the
processing plants. Soutex will be involved at several levels,
including overseeing the metallurgical testing required for the
current assessment.
"We are now at the stage where we need to perform the various
metallurgical tests that will allow us to better qualify and
quantify the potential of this large mineralized porphyritic zone
on which we have completed a significant amount of drilling but
have not yet tested all the targets in this western part of the
Galloway property. The
metallurgical tests carried out in the past were encouraging but
insufficient to complete a resource evaluation in the area
delineated by the drilling. As the laboratories have been
very late in providing us and other companies in our industry with
test results, we think and hope to have the results before the end
of this year. We are currently evaluating what exploration
work will be carried out in the field during this same period,"
said Jean Rainville, the Company's
President, and CEO.
Following regulatory approval, Fokus is also pleased to announce
the closing of the agreement with Vantex Resources, disclosed on
August 23.
This press release was written and approved by Gilles
Laverdière, P. Geo. and Qualified Person under National Instrument
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
implementing this major undertaking 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 subsidiaries. The
current work focuses on a small 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) accepts 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 by
the use of 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