Fokus Mining Corp. has released more drill results, mostly from the Hendrick zone on its Galloway project located near Rouyn-Noranda in the Abitibi region.
Drillhole GA-21-53 located in the Eastern portion of the Hendrick zone has intersected the gold-bearing zone along 312 metres grading 1.18 grams per tonne (g/t) gold equivalent (AuEq) including 144 metres at a grade of 1.67 g/t AuEq, 48 metres at a grade of 1.65 g/t AuEq and 78 metres grading 1.90 g/t AuEq. Hole GA-21-47, located in the same area, has intersected the zone over 102 metres grading 1.42 g/t AuEq, including 35.5 metres at a grade of 2.61 g/t AuEq and 48 metres grading 1.32 g/t AuEq.
Also, holes GA-21-28, -45, -46 and -49 made it possible to identify a new zone located east of the GP zone. This new zone called RB, located in a geological context similar to the Hendrick zone, opens up the potential for gold-copper porphyry mineralization in the main Renault Bay intrusion.
"These results clearly demonstrate that the Hendrick zone is located in a vast pervasive auriferous system. It is now recognized by drilling over nearly 700 metres, thicknesses can exceed 300 metres, and there is no indication that it does not extend further both laterally and at depth. We are pleased with the results to date on the western portion of Galloway and continue to progress toward the production of a NI43-101 resource estimate to be released as soon as possible in 2022," comments Jean Rainville, president and chief executive officer of Fokus.
The company is currently preparing its 2022 exploration campaign that will include a minimum, in all likelihood, of another 15,000 metres of diamond drilling in the areas drill tested in 2021, mainly at Hendrick. A few holes will also test different targets identified with the high resolution airborne magnetic survey completed last year. Concurrently, InnovExplo Inc. will continue its work to achieve an independent mineral resource estimate in 2022.
This press release was approved by Gilles Laverdiere, PGeo, and qualified person under National Instrument 43-101.
About Fokus Mining Corp.
Fokus Mining 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, the company is determined to unlock the secret of the Galloway gold project.
The Galloway project covers an area of 2865.54 hectares and is located just north of the Cadillac-Larder Lake deformation which extends laterally for more than 100 kilometres. Numerous gold deposits are related to that structure and its subsidiaries. The current work focuses on a small western portion of the mineral claims where several mineral occurrences have been identified.