ROUYN-NORANDA, QC, Feb. 28,
2024 /CNW/ - Fokus Mining Corporation ("Fokus"
or the "Company") (TSXV: FKM) (OTCQB: FKMCF) (FSE: F7E1) is
pleased to announce that it now has begun its 1,250 metres of
exploration drilling to further test the Moriss Sector
following up on the 1,500 metre drill campaign from November (see
results in the press release dated February
7, 2024) where the Company intersected some high-grade gold
mineralization in gold bearing structures that seem to intersect
the Moriss Zone perpendicularly .
"Jean Rainville, CEO and
President of Fokus, stated that based on the significant gold
values intersected in the five holes drilled in a westerly
direction, the Company will conduct further exploration work to
confirm the potential presence of a north-south trending
mineralized system in the sector. This additional exploration work
could greatly improve our understanding of the area and its
potential, particularly in light of the previously confirmed
existence of the east-west gold mineralized Moriss shear zone." As
shown on Figure 1, the recent results of drilling on Moriss Zone
are quite conclusive.
This new drill campaign of a minimum of 1,250 metres will
consist of a minimum of six holes all drilled in the east-west
direction (holes GA-24-83 to GA-24-88): four holes will have a
length of 250 metres, one hole 200 metres and one hole 100
metres.
Also, the Company will soon receive assays on three holes that
were drilled last December in the Hurd-Fayolle sector Northeast of
Moriss.
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 geologist and a qualified
person under National Instrument 43-101 Standards of Disclosure of
Mineral Projects ("NI 43-101") and a director of the Company.
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 extensions. The
current work focuses on a 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