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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
Fokus Mining Corp. is pleased to release some partial results from the Hendrick Zone, located in the southern axis of the Golden Triangle area of the Galloway project. The reported results are located approximately 400 m north of the previous Hendrick intersections suggesting a thickness of approximately 400 m of the mineralized zone due to the [...]
Fokus Mining Corp. is pleased to announce the beginning of approximately 1,500 meters of exploration drilling to test a large magnetic anomaly detected during the last High-Resolution airborne magnetic survey. Following the results of this survey conducted by Novatem Inc., a large magnetic anomaly offering some similarity to the magnetic anomaly [...]