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Fokus Mining Corp V.FKM

Alternate Symbol(s):  FKMCF

Fokus Mining Corporation is a Canada-based mineral resource company. The Company is in the business of acquiring, exploring and developing mining properties and it holds interests in properties at the exploration stage located in Canada. The Company’s Galloway Gold Project is located along the Cadillac-Larder Lake Fault. The Galloway project consists of three mining concessions and 95 claims covering a total area of 2,668 hectares. Galloway property is less than 30 kilometers (km) west of the Rouyn Noranda mining district and is accessible via Trans-Canada Highway 117. The Galloway property is the result of the amalgamation of the Hurd, Ogima Nord, Renault Bay, Sandborn, Perron, Cadillac, Francoeur and Lac Fortune claims blocks. Together, they cover a 3 km wide corridor of gold bearing structures over a total length of 10 km along the Larder-Lake-Cadillac Break (LLCB).


TSXV:FKM - Post by User

Comment by winr88on Jan 09, 2023 4:16pm
125 Views
Post# 35211994

RE:RE:compare FKM to explorers in the 8 cent range or higher

RE:RE:compare FKM to explorers in the 8 cent range or higher
Managment have said the 43-101 is due in January this year. Soon I hope. It has been in the works now since early last year.  I think it's early to talk about major miners but I guess that depends on indicated oz of Au in the resource estimate. Much of the drilling has involved deep (500 to 1200 meters) so block caving will likely be the method of mining should this become a mine. 3 million oz of Au is the minimum ounces required for a block caving mine. My personal estimate or guesstimate of ounces in Hendrick is over 2 million which is a great start towards a mine. Surface ounces in GP and Morris I am estimating between 400,000 and 500,000 oz of Au. ( That's including the previous 43-101 on GP of 240,000 oz Au) That alone should help the share price appreciate. It appears that the shorts have a wall at 9 cents so some good ounces in the resource estimate will be required to shake the SP out of the 7-9 cent channel.
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