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TSX.V: FKM OTCQB: FKMCF FRANKFURT: F7E1
ROUYN-NORANDA, QC, April 18, 2024 /CNW/ - Fokus Mining Corporation ("Fokus" or the "Company") (TSXV: FKM) (OTCQB: FKMCF) (FSE: F7E1) is very pleased to welcome Mr. Luc Gervais, to its Board of Directors. This important appointment takes effect immediately.
Luc 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 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 states: "I am extremely pleased to join the board of Fokus as I am a firm believer in the multi-million-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 workforce. 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 CEO 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
Fokus Mining Corporation 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, we are determined to unlock the secret of the Galloway gold project.
The 100% 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 100km. 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 NI 43-101 inferred resource of 1.419 million ounces of gold at a price of US$1,750 per ounce. This was published in the March 2023 press release, which includes a sensitivity table showing that at a price of US$1,960 per ounce, the inferred resource increases to 1.788 million ounces of gold.