LAS VEGAS, April 4, 2013 /PRNewswire/ -- Foy-Johnston
(OTC Pink: FOYJ), management is pleased to announce that over the
past several months a lot of exploration work has been completed on
the main concessions in Cameroon.
The Company has been using several exploration dredges on its
properties to determine the extent of the mineralization that is
present. The good news is that the results have lived up to
expectations and the Company is sitting on some very rich and very
lucrative deposits of alluvia gold. The most impressive part of
this is that the cost of extraction of these deposits is
significantly lower than underground or even strip mining
operations, which will results in a much higher profit after all
costs have been figured into the operation.
The Company is now in the process of expanding its operation and
will be adding larger and more productive equipment so as to
maximize the extraction operation.
"We are very excited by the work that we have carried on so far
here in Cameroon and we know
that the best is yet to come and it will come in a big way for our
shareholders," stated Alexander D.
Powers, President of Foy-Johnston Inc.
About Foy-Johnston Inc.
Foy-Johnston through its wholly owned subsidiary Cameroon Mines
is involved in enhancing exploration and mining assets through
diligent application of technical and commercial expertise for the
benefit of all stakeholders of Foy-Johnston in an efficient and
environmentally responsible manner. Cameroon Mines is a mining
explorer and producer committed to developing strategic mining
exploration and project opportunities in Gold, Precious gems, Rare
Earth Metals and Platinum Group Metals. The Company has assembled
an experienced group of individuals with broad local and
international industry knowledge. Where it will assist to build
shareholder value and help fast-track the development of its
accumulated assets Cameroon Mines will also secure the
participation and support of key strategic partners globally, who
can provide tangible benefits towards achieving the Company's
goals. The company has already acquired a portfolio of Gold and
Diamond exploration tenements in key mineral regions of
Cameroon and Central African Republic. Our website is
www.cammines.com
Forward-Looking Statements
Please be advised that statements made herein, other than
historical data, constitute forward-looking statements that involve
risks and uncertainties that could cause actual results to differ
materially from those stated or implied by such forward-looking
statements. The potential risks and uncertainties include, among
others, potential volatility in the company's stock price,
increased competition, customer acceptance of new products and
services offered by the company, and uncertainty of future revenue
and profitability and fluctuations in its quarterly operating
results. Please also be advised that the company's stock is not
currently registered with the Securities and Exchange
Commission.
Contact:
Investor Relations
E-mail: info@cammines.com
Website: www.cammines.com
SOURCE Foy-Johnston Inc.
