ROUYN-NORANDA, QC, Feb. 23, 2021 /CNW Telbec/ – Fokus Mining Company (“Fokus” or the “Firm“) (TSXV: FKM) (OTCQB: FKMCF) (FSE: F7E1) is happy to announce that it has now made the third fee pursuant to beforehand introduced choice settlement whereby Fokus can purchase 100% curiosity of the mineral claims on the Galloway undertaking.
The money fee of $250,000 was the third of a collection of 4 equal funds to Vantex Assets Ltd. (TSXV: VAX) as a way to purchase the undertaking. The final fee is due in three months (see ‘Fokus’ press releases dated July 16, 2020 and August 7, 2020 for extra info).
Jean Rainville, CEO and president of Fokus commented: “We’re fairly inspired by the drill outcomes launched final week (see press launch of February 19, 2021). We’re notably thrilled by the outcomes of our first gap on Hendrick as gold grades exceeded historic outcomes. As we’re ready for the outcomes of the second gap on Hendrick, we’re persevering with drilling within the GP zone and its extension to the Hurd zone. We’re excited that the third gap on Hendrick will start tomorrow”.
About Fokus
Fokus Mining Company is a mineral useful resource firm actively buying and exploring treasured metallic deposits situated within the province of Quebec, Canada. In implementing this main endeavor throughout the Canadian mining business, we’re decided to unlock the key of the Galloway gold undertaking.
The Galloway undertaking covers an space of two,865.54 hectares and is situated simply north of the Cadillac-Larder Lake deformation which extends laterally for greater than 100 km. Quite a few gold deposits are associated to that construction and its subsidiaries. The present work focuses on a small western portion of the mineral claims the place a number of mineral occurrences have been recognized. For extra info, go to our web site: fokusmining.com.
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