TSX.V: FKM
OTCQB: FKMCF
Frankfurt:
F7E1
ROUYN-NORANDA, QC, Nov. 22,
2022 /CNW Telbec/ - Fokus Mining Corporation,
("Fokus" or the "Company") (TSXV: FKM) (OTCQB: FKMCF)
(FSE: F7E1) 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 is very fine, so the assay results obtained to date are
quite reliable and gravity separation is not warranted. Gold
recovery by cyanidation averaged 89% on samples from the Hendrick
and GP mineralized zones and there are only minor variations
between samples from different parts of the Hendrick and GP areas
with different gold grades.
Sample selection, preparation and testing protocols were carried
out independently (see press release dated August 30, 2022). Core samples were provided from
the Hendrick and GP zones to prepare the composites. Testing
included mineralogy, head assays, grindability, gravity recovery
tests and cyanidation.
"We are quite pleased with the results: the consistency of
recovery and the favorable environmental considerations are key
factors. All these tests allow us to better establish the
parameters of our exploration program and to have a fairly high
degree of confidence in the models to assess the cut-off grade in
the different portion of the mineralized zones. They are, moreover,
the final material requirement to achieve a NI 43-101 compliant
resource estimate." said Jean
Rainville, CEO and President. "We will release the resource
estimate as soon as it is available and we will continue to work on
improving gold recovery and better understanding the mineralised
zones in the westernmost part of the Galloway project, which remain our priority"
Rainville also said.
Qualified Person
This press release was approved by Gilles Laverdière, P. Geo,
Director 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
Related Links
http://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.
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