Fokus Mining is pleased to announce that the metallurgical tests required to complete its independent NI43-101 resource estimate are now underway and will be completed by the end of October. The selection and preparation of the samples and the test protocols were conducted independently. Drill core samples were provided from the Hendrick and GP zones to prepare composites. Test work includes mineralogy, head samples [...]
Fokus Mining Corp., 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 [...]
Fokus Mining Corp. is pleased to announce that it has entered into an agreement with Vantex Resources Ltd., pursuant to which it will acquire for cancelation the rights of the Vendor to receive $500,000 from the Company, upon the first declaration of a minimum 500,000 ounces of gold as "indicated resources" on the Galloway gold project, and an additional $500,000 upon the first declaration of a minimum 1,000,000 ounces [...]
Fokus Mining Corp. announces that it acquired 5,000,000 common shares of Mosaic Minerals Corp. on July 28, 2022 in connection with two property transactions between Fokus and Mosaic Minerals. Prior to the Transactions, Fokus held 5,000,000 common shares of Mosaic Minerals. Immediately following the Transactions, Fokus holds 10,000,000 common shares of Mosaic Minerals. As a result of the Transactions, Fokus' shareholdings [...]
Fokus Mining Corp. is pleased to announce that it has entered into an agreement to sell the 95 mining claims comprising the Gaboury property and the 59 mining claims comprising the 113 North property to Mosaic Minerals Corp. Those two properties had previously been optioned to Mosaic in 2021. The Company will receive three million treasury common shares of Mosaic for the Gaboury property and two million treasury common [...]
Fokus Mining Corp. is pleased to announce that it has completed a second and final closing of its previously announced non-brokered private placement. The Company issued in this second tranche 2,500,000 units at a price of $0.08 per Unit, for aggregate gross proceeds to the Company of $200,000, and 2,500,000 "flow-through" units at a price of $0.10 per FT Unit, for aggregate gross proceeds to the Company of $250,000. Each [...]
Fokus Mining announces that it will be increasing the size of its non-brokered private placement previously announced on May 11, 2022 to provide for the sale of up to 6,000,000 additional "flow-through" units at a price of $0.10 per FT Unit for gross proceeds to Fokus of $600,000. The other terms of the Private Placement are unchanged and will remain the same as to the ones previously announced in the May Press Release [...]
Fokus Mining Corp. is pleased to announce that it has entered into an agreement to purchase a 1% net smelter return royalty on 16 mining claims comprising the Lake Fortune West portion of its Galloway project from Golden Share Resources. The Company will be acquiring the NSR for a total consideration consisting of a cash payment of $25,000 and the issuance of 50,000 common shares of the Company to the Vendor. The [...]
Fokus Mining Corp. is pleased to announce that it has held a first closing of a non-brokered private placement in which it issued 2,252,500 units at a price of $0.08 per Unit, for aggregate gross proceeds to Fokus of $180,200, and 2,354,500 "flow-through units at a price of $0.10 per FT Unit, for aggregate gross proceeds to Fokus of $235,450. Each of the Units is comprised of one common share and one common share purchase [...]
Fokus Mining Corp. announces the discovery of a new gold zone located at about 700 metres east of the GP-RB showings and about 400 metres south of the Hurd showing. Hole GA-21-59, over 1,500 m long, intersected several gold intersections from 190 to 1,260 m along the hole. This drilling was done to test a magnetic signature similar to the Hendrick zone. The results seem to demonstrate that the environment of this hole [...]
Fokus Mining Corp. is pleased to announce new drilling results on the Hendrick zone of the Galloway Project, located in the Rouyn-Noranda mining sector in Abitibi. Hole GA-21-56, located in the central portion of the Hendrick zone, recovered a gold zone of more than 322 m along the hole at a grade of 1.08 g/t AuEq including 2.31 g/t AuEq over 16.5 m, 3.19 g/t AuEq over 12 m and 1.46 AuEq over 13.50 m. Hole GA-21-58 [...]
Fokus Mining Corp. is pleased to provide more drill results mostly on its Hendrick zone on its Galloway project located near Rouyn-Noranda in the Abitibi region. Drillhole no GA-21-53 located in the Eastern portion of the Hendrick zone has intersected the gold bearing zone along 312 meters grading 1.18 G/T AuEq including 144 meters at a grade of 1.67 G/T AuEq, 48 meters at a grade of 1.65 G/T AuEq and 78 meters grading [...]
