TSX.V: FKM OTCQB: FKMCF
Frankfurt:
F7E1
ROUYN-NORANDA, QC, Sept. 3,
2024 /CNW/ - Fokus Mining Corporation ("Fokus"
or the "Company") (TSXV: FKM) (OTCQB: FKMCF) (FSE: F7E1)
wishes to make some important clarifications and corrections to the
information sent out in a press release on July 4, 2024 about its Galloway project.
Fokus would first like to specify that the only current mineral
resource estimate for the Galloway
project is that presented in the press release dated March 23 2023 which is supported by a Technical
Report (following NI 43-101) entitled "NI 43-101 Technical Report
and Mineral Resource Estimate for the Galloway Project,
Quebec, Canada" and dated
May 7 2023 (available on SEDAR+). The
sensitivity analysis and results disclosed July 4 2024 are not mineral resources and were
presented for illustrative purposes only.
Furthermore, the emphasis placed on one of the sensitivity
assumptions to a gold price of US$2300/oz is potentially misleading and should
not be taken into account as it does not comply with the practices
established by the ICM.
Fokus would also like to point out that the results presented in
the press release of 4 July 2024
should not be taken into account as they represent a breach of the
disclosure guidelines, since this information is biased and
unbalanced and represents forward-looking information that is not
accompanied by all the facts necessary to establish its valid
basis.
Qualified Person
The scientific and technical disclosure for Fokus included in
this news release have been reviewed and approved by Gilles
Laverdière, P. Geo. Mr. Laverdière is a geologist and a qualified
person under National Instrument 43-101 Standards of Disclosure of
Mineral Projects ("NI 43-101") and a director of the Company.
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 extensions.
The current work focuses on a western portion of the mineral
claims where several mineral occurrences have been identified. For
more information, visit our website: fokusmining.com.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accept responsibility for the adequacy or
accuracy of this release.
Related Links
http://fokusmining.com/
Caution regarding forward-looking statements
Certain statements contained in this press release may
constitute forward-looking information or statements.
Forward-looking information is often, but not always, identified
using words such as "anticipate", "plan", "estimate", "expect",
"may", "will", "will have", "should", and other similar
expressions. Forward-looking information involves known and unknown
risks, uncertainties and other factors that may cause actual
results or events to differ materially from those anticipated in
such forward-looking information. The Company's actual results
could differ materially from those anticipated in this
forward-looking information due to regulatory decisions,
competitive factors in the industries in which the Company
operates, prevailing economic conditions, changes in the Company's
strategic growth plans and other factors, many of which are beyond
the Company's control. The Company believes that the expectations
reflected in the forward-looking information are reasonable, but no
assurance can be given that these expectations will prove to be
correct and, accordingly, such forward-looking information should
not be relied upon as such. All forward-looking information
contained in this press release represents the Company's
expectations as of the date hereof and is subject to change after
such date. The Company disclaims any intention or obligation to
update or revise any forward-looking information, whether as a
result of new information, future events or otherwise, except as
required by applicable securities legislation.
SOURCE Fokus Mining Corporation