Bullboard - Stock Discussion Forum Fokus Mining Corp FKMCF

Primary Symbol: V.FKM

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Fokus Mining Corporation is a Canada-based mineral resource company. The Company is engaged in acquiring, exploring and developing mining properties, and it holds interests in properties at the exploration stage located in Canada. The Company’s Galloway project is located along the Cadillac-Larder Lake Fault. The Galloway project consists of three mining concessions and 95 claims covering a... see more

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Fokus Mining Corp > Patience required here. Galloway could be a Monster!!!

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Post by winr88 on Apr 23, 2022 10:21am

Patience required here. Galloway could be a Monster!!!

N E W D I S C O V E R Y
THE WESTERN PORTION OF GALLOWAY
Several mineralized zones have now been identified on the western portion of Galloway where drilling is in progress : Morriss, Hendrick,
GP and northeast of GP several indices including Hurd and the pitchvein zone.
Recently, a new discovery was made East of the GP zone (drill holes GA-21-46 and GP-21-47). The geology resembles that of the large
Hendrick mineralized sector.
The GP zone has a different geological signature than other surrounding known mineralized sectors.
The high definition airborne geophysical survey completed on the entire property had indicated several new targets. A first long hole was
drilled in one of the large targets located one km East of Hendrick.

A grade of 11.45 g/t Au over 1.5 m was also intersected at a depth of 1,252.5 m. This high grade is included in a zone of 136.5 m at a grade of 0.83 AuEq including 1.43 AuEq over 7.5 m and 2.94 AuEq over 6 m (see table below).

This new discovery is in addition to the discovery of the RB zone in 2021, which is in the eastern extension of the GP zone.
The Galloway Project, while offering the potential for a low-grade, high-tonnage gold deposit in a porphyry-copper type system (Hendrick – GP – RB), also offers the potential for richer gold zones such as the Moriss located west of the GP zone.
The Company recognizes the importance of finding other higher grade gold zones in an environment close to the low-grade zones to optimize the overall grade.

Also, during 2022, the drilling program will aim, in addition to continuing the definition of the Hendrick zone, to test other gold zones such as Moriss. Following a new compilation of historical data, the Company has thus identified several showings with such potential near surface and hopes to confirm the gold potential of these new targets, by drillings. The Renault Bay (12.44 g/t Au over 1.63 m), Hurd (2.68 g/t Au over 9 m), Pond Zone (7 g/t Au over 3 m), Moriss (11.48 g/t Au over 5.35 m) and Soaker Hill (8.57 g/t Au over 4.87 m) will therefore be drilled as soon as possible. Other potential targets have also been identified based on their favorable geological and structural environment associated with high and low intensity magnetic anomalies
ALSO, look at the following graph of top gold intercepts published by Collin Kettell CEO if New Found Gold and Palisades Gold. Notice that a Fokus intercept is included.