FOKUS - GOLD RESOURCE ESTIMATE - ( March 23 2023 )
- Fokus Mining (FKM) unveiled an initial mineral resource estimate for its Galloway Project in Quebec
- The property is estimated to contain 1,419,600 ounces of gold inferred
- The company will turn its attention to infill drilling and testing potential lateral
PRESS RELEASE - https://themarketherald.ca/fokus-tsxvfkm-releases-mineral-resource-estimate-for-galloway-gold-project-2023-03-23/?utm_source=stockhouse.com&utm_medium=widget&utm_campaign=stockhouse.com%7Cwebpart_news%7Cquote_tab
GALLOWAY GOLD - HISTORICAL - ORE GEOLOGY - 13.3 - PAGE - 49
Galloway gold project is associated with disseminated sulphides (pyrite, chalcopyrite, and molybdenite) and minor veining in strongly altered rocks. The gold mineralization is hosted in Archean volcaniclastic rocks and minor felsic dikes. It is bounded to the south by Proterozoic sedimentary rocks of the Cobalt Group and to the north by Archean mafic volcanic rocks. Page 81 - Cobalt - 13 ppm - 23 ppm
Page 81 - Chromium - 75 ppm - 131 ppm
Page - 81 - Barium - 494 ppm - 1390 ppm -
Page 81 - Aluminum - 6% - 7.8 %
Page 82 - Molybdenum - 37 ppm - 102 ppm
Page 82 - Magnesium - 1% - 2.35%
Page 82 - Nickel - 21 ppm - 25 ppm
Page 82 - Manganese - 383 ppm - 933 ppm
Page 82 - Iron - 4.4% - 5.1%
Page 82 - Lathanium - 49 ppm - 101 ppm
Page - 82 - Copper - 284 ppm - 718 ppm
Page 83 - Titanium percentages = .14%
LINK - https://s3-us-west-2.amazonaws.com/logic-shops/bd68d89a-8930-4d66-8d52-38b2bf28ddab.pdf OLIVINE ORES - GREENSTONE Are a different breed of, geology.
Reknown for, gold on the Abitibi and Cadilac fault lines.
Yet... most don't think of battery metals when mining - gold.
Main gole - pull only the gold.
But... times are changing...
There are a few gold miners whove jumped on the
band wagon and are recognizing the advantages of,
pulling a few extra mineral credits - to reduce costs
of - per tonne of gold mined.
PERSPECTIVES - 1 ppm of gold = 1 gram per tonne.
23 ppm colbat = 23 grams per tonne
Great way to put into perspective - what 1 gram
values compare with - other minerals.
EXAMPLE - Titanium values in the GALLOWAY historical report in link -
reveals - 0.14% Ti.
APPROX -
3.08 - lbs per tonne of raw ore.
FOKUS' cost per tonne to mine -
pegged at - $35 / tonne
Titanium spot prices rings in at - $4 / lb
BASED ON - 90% recovery using 1 gram / tonne
.90 grams recovered per tonne
= 34.5 tonnes mined
= 1 oz gold
34.5 tonnes with a potential titanium credit
x 3 lbs - titanium per tonne
= 103.5 lbs - titanium historical potential
x $12 ( $4 / lb titanium x 3 lbs per lbs )
= $1242 / potential secondary mineral credit
34.5 tonnes = 1 oz of gold
x $35/ cost to mine each tonne
=$1207 dollars to mine 34.5 tonnes
- $1242 ( potential titanium credit )
= $35/ bonus ++++++++ net positve
Now.... ther's also significant = IRON ORE -
5% values....
Other miners in Timmins - are using thier iron
with about same - percentages - as secondary credits.
I COULDN'T HELP BUT NOTICE - assaying for the Galloway gold employed
- fire assaying.
OLIVINES - #1 Would be great to see a second take on a few cores -
Test with- ICP MS -
this detects ionic values of, battery metals .
that can hide with in the - olivines.
right down to the billionth.
OLIVINES #2 - Olivine ores are considered quite valuable when it
comes to - seq co2 -
one can sequester the co2 of own or other miners co2
and rack up - carbon credits that can be sold for - $$$$$
RIVER NEARBY - I couldn;t help but notice the Large River - abutting Fokus"
claims - that's a river that can be looked at as...
green energy. River turbine - creates electrcity -
Electricity created - splits water to create - hydrogen
Hydrogen created - feeds generator that makes mega electricty
= near free energy ( green energy ) + increases carbon credits
HYPOTHETICAL - only example 41, 000, 000 - ORE TONNES
23 ppm cobalt - 23 grams per tonne
453 grams per pound
~ 23 ppm cobalt ( divide )
= 19.7 tonnes of ore
= 1 pound of cobalt
41,000,000 ore tonnes
~ 19 tonnes ( rep 1 lb cobalt )
= 2,157,894 lbs cobalt ( hypoyhetical )
= x $15 / lb / cobalt / spot pics
= $32,000,000 usd
Now... cobalt is diff to extract.
Slows gold mining down.
But... the easier ones likee iron and titanium...
Could be far easier to drop out with the, gold.
My goodness... even seeing- Lanthanium values and Moly...
Is quite interesting...
What would an ICP MS test find ?
Thre's a cobalt, pgm, nickel trend from top of Timmins
down to Val Dor....
Such fringes the - Val Dor area...
Wink.
So.... thought i'd sahre a few tid bits...
Not investment advice...
But rather advice for junior - to perhaps take a seconf look at,
- River = grene energy
- try a few - icp ms- assays
- Olivines = battery metals
- secondary minerals offset cost to mine
- carbon storage with olivine ores gain credits
- grene operation - doesn't create carbon = make more credits
Cheers....
Congrads on,
1.4 million maiden resource est.
What a hidden gem this stock....
flying under the radar.. .with hardly any shares out.