- Fokus Mining (FKM) unveiled an initial mineral resource estimate for its Galloway Project in Quebec
- The property is estimated to contain 1,419,600 ounces of gold inferred
- The company will turn its attention to infill drilling and testing potential lateral extensions, as well as continuing to drill the RB mineralized zone in the near term
- Fokus Mining is a mineral resource company actively acquiring and exploring precious metal deposits in Quebec
- Fokus Mining (FKM) opened with a gain of 5.88 per cent trading at $0.09 per share
Fokus Mining (FKM) unveiled an initial mineral resource estimate for its Galloway Project in Quebec.
Galloway covers 2,865.54 hectares just north of the Cadillac-Larder Lake deformation. Numerous gold deposits are related to the structure and its subsidiaries.
The estimate was prepared by InnovExplo, an independent firm, based on recent exploration and drilling programs, mineralization modelling and metallurgical testing from the Moriss, Hendrick and GP gold deposits.
The company intends to prioritize infill drilling and testing potential lateral extensions. It will also continue to drill the recently discovered RB mineralized zone in the near term.
The estimate was found to have upside potential at higher gold prices while retaining over one million ounces at lower gold prices.
Fokus Mining is a mineral resource company actively acquiring and exploring precious metal deposits in Quebec.
Fokus Mining (FKM) opened with a gain of 5.88 per cent trading at $0.09 per share.