Fokus Mining drills 1.18 g/t gold over 27 metres at Galloway, Quebec

VANCOUVER – Fokus Mining Corp. [FKM-TSXV; FKMCF-OTCQB; F7E1-FSE] has intersected grades of 1.18 g/t gold over 27 metres and 1.01 g/t gold over 24 metres, respectively, in drill holes GA-22-66 and GA-22-67, both located in the RB zone at the 100%-owned Galloway project, 30 km west of Rouyn-Noranda, Quebec.

Three other gold-bearing sections containing grades ranging from 1.20 g/t gold to 1.83 g/t gold over thicknesses of 3 to 7.5 metres were also intersected in GA-22-66, while grades ranging from 1.16 to 1.63 g/t gold over thicknesses of 6 to 9 metres were identified in GA-22-67.

“The last eight holes completed in the RB area since December 2022 indicate a significant gold presence near surface. Additional drilling will certainly be required to fully evaluate this new gold zone, but we are very pleased with the results obtained to date. They will eventually add to the inferred resource defined in the first NI 43-101 resource estimate recently delivered by the independent consulting firm InnovExplo Inc. The RB Zone coupled with the Hurd Zone offers very substantial gold potential on surface. This area will be our priority in 2023.” stated president and CEO, Jean Rainville.

Based on the compilation of all the work and drilling done mainly in the western part of the Galloway project, it appears that a large syenitic porphyry gold corridor containing significant gold values is being developed over several kilometers from the Hendrick Zone to the Hurd Zone. There is increasing evidence that the Hendrick, RB and Hurd zones are part of the same intermediate intrusive.

Based largely on the information obtained from drilling on the Hendrick Zone, the company is currently evaluating the implementation of a summer drilling program of approximately 8,000 to 10,000 metres along the inferred gold-bearing corridor between RB and Hurd.

Also, company management intends to verify the environment of hole GA-21-59, which had revealed the presence of another potential gold showing with a grade of 7 g/t gold over 3 metres intersected at a vertical depth of approximately 140 metres. Several other gold-bearing zones were intersected along this 1,500-metre hole.

“The environment of hole GA-21-59 should not be overlooked either. This hole is located approximately 1 km east of the RB Zone. The compilation of work done in collaboration with ALS Goldspot has identified several interesting gold target zones. The 59 hole is one of the priority targets outside of the potential RB-Hurd corridor,” said Rainville.

An application for a drilling permit has been submitted to MERN for approximately ten new drill holes that will be added to those for which permits had already been obtained in 2022.

The Galloway property 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 km. 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.

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