TSX.V: FKM
OTCQB: FKMCF
FRANKFURT: F7E1
ROUYN-NORANDA, QC, Oct. 22,
2024 /CNW/ - Fokus Mining Corporation ("Fokus"
or the "Company") (TSXV: FKM) (OTCQB: FKMCF) (FSE:
F7E1) is pleased to announce the appointment of Philippe
MacKay as the Company's new Chief Executive Officer effective as of
November 4, 2024 and that
Philippe MacKay and Kerry Sparkes have also been appointed as
directors of the Company as of today.
Philippe MacKay joins Fokus after
nearly ten years at the Osisko Group, where he last held the
position of Mine Manager for the Cariboo Gold Project. In this
role, he managed all facets of operations, engineering, and
permitting, while also fostering strong community relationships.
Notably, he successfully developed the project from exploration to
the final stage of permitting and development, showcasing his
strong leadership and strategic insight. He earned a Diploma in
Mining Engineering from Polytechnique Montréal and an MBA from the
Ivey Business School, providing him with a solid blend of technical
expertise and business knowledge.
Philippe MacKay stated: "I'm
thrilled to start this new chapter in my career as CEO and
shareholder of Fokus. I am fully committed on developing the
Galloway Project in this well-known mining district. My main
objective is to deliver maximum value for all Fokus
shareholders."
Kerry Sparkes has over 35 years
of experience in mineral exploration as an exploration geologist
and mining executive. His career has included the exploration,
delineation and development of two major Canadian deposits
(Voisey's Bay & Rainy River), VP of Geology for Franco-Nevada
Corporation and he was a founder and director of Orla Mining Ltd.
Mr. Sparkes is currently President of Sparrowhawk Consulting Ltd.
and sits on the board of Aurion Resources Ltd., AuMega Metals Ltd.,
and Prime Mining Corp, where he also serves as technical advisor.
He received both his undergraduate and graduate degrees from the
Memorial University of Newfoundland and
is a registered professional geologist in Newfoundland & Labrador.
Sylvain Champagne, Fokus' Interim
CEO and President stated: "We are very pleased and excited with
the addition of Messrs. MacKay and Sparkes to the Fokus team.
Collectively, they will bring a depth of experience and knowledge
in all areas of exploration and mining, project management and
development which Fokus and its shareholders will greatly benefit
from. These new additions will help Fokus to develop its
Galloway property."
Fokus also announces that its board of directors has granted
2,000,000 and 400,000 stock options to Mr. MacKay and to Mr.
Sparkes respectively pursuant to the Company's stock option plan.
Each option is exercisable at a price of $0.095. The options vest immediately and will
expire in five years from the date of grant.
About Fokus
Fokus Mining Corporation is a mineral resource company actively
acquiring and exploring precious metal deposits located in the
Province of Québec, Canada. In
implementing this major undertaking within the Canadian mining
industry, it is aiming 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 subsidiaries. The recent work focused on the
western part of the mineral claims has allowed the Company to
delineate a NI 43-101 inferred resource of 1.419 million ounces of
gold at a price of US$1,750 per
ounce. This was published in the March
2023 press release, which includes a sensitivity table
showing that at a price of US$1,960
per ounce, the inferred resource increases to 1.788 million ounces
of gold.
On behalf of the Board of Directors:
Sylvain Champagne, Interim CEO and President
Tel.: (819) 762-0609, Fax: (819) 762-0097
Email: info@fokusmining.com
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.
The TSXV and its Regulation Services Provider have not
approved the contents of, nor taken responsibility for the adequacy
or accuracy of, this press release.
SOURCE Fokus Mining Corporation