18:20:11 EDT Sun 05 May 2024
Enter Symbol
or Name
USA
CA



Fokus Mining Corp
Symbol FKM
Shares Issued 125,309,460
Close 2024-04-18 C$ 0.065
Market Cap C$ 8,145,115
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Fokus Mining appoints Gervais as director

2024-04-18 13:42 ET - News Release

Mr. Jean Rainville reports

FOKUS MINING WELCOMES LUC GERVAIS TO ITS BOARD OF DIRECTORS

Fokus Mining Corp. has welcomed Luc Gervais to its board of directors. This important appointment takes effect immediately.

Mr. Gervais has 40 years of experience in engineering, construction and maintenance in the mining and metallurgy sectors. He has held several management positions with metallurgy producers as well as contractors and EPCM (engineering, procurement and construction management) firms. He has led many studies for numerous mining companies and worked on various projects in Canada and abroad. In addition, he currently sits on the board of Mosaic Minerals and was until recently on the board of Vanstar Mining Resources. Mr. Gervais possesses a keen sense of business and holds a mining engineering degree from Laval University.

Mr. Gervais stated: "I am extremely pleased to join the board of Fokus as I am a firm believer in the multimillion-ounce resource potential of the Galloway project. This important project is located in an area that I know well and which offers logistical support such as rail, roads, electricity and a skilled work force. With an initial resource estimate recently published, we look forward to increasing gold ounces as the drilling program progresses. This large property is relatively unexplored and has a potential for several more mineral discoveries."

Jean Rainville, president and chief executive officer of the company, commented: "I am very pleased to welcome Mr. Gervais to our board of directors. He has a strong investment experience in our industry and can appreciate the significant potential of the Galloway project. His know-how and understanding of our sector, his proficiency combined with his solid network will be invaluable for our development.

About Fokus Mining Corp.

Fokus 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, Fokus is determined to unlock the secret of the Galloway gold project.

The 100-per-cent Galloway project covers an area of 2,865.54 hectares and is located just north of the Cadillac/Larder Lake deformation, which extends for more than 100 kilometres. Numerous gold deposits are associated with the structure and its subsidiaries. The recent work focused on the western part of the mineral claims has allowed the company to delineate a National Instrumet 43-101 inferred resource of 1,419,000 ounces of gold at a price of $1,750 (U.S.) per ounce. This was published in the March, 2023, press release, which includes a sensitivity table showing that, at a price of $1,960 (U.S.) per ounce, the inferred resource increases to 1,788,000 ounces of gold.

The current work focuses on a western portion of the mineral claims, where several mineral occurrences have been identified.

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