TSX.V: FKM OTCQB: FKMCF
- Fokus completed seven (7) holes for 1,735 metres on RB zone (
July 2023 ) - Fokus intersected gold in each one
- GA-23-73 cut 1,20 g/t Au on 33 metres
- GA-23-70 cut 1,07 g/t Au on 42 metres
- GA-23-69 cut 1,02 g/t Au on 28,5 metres
- Fokus is planning new exploration drilling for autumn 2023.
This is the Company's fourth small drill program since 2021 on the
Following on from these results, and as part of its ongoing activities, the Company's management is evaluating the possibility of completing a financing to enable it to undertake another drilling campaign in autumn 2023 to continue its work on the north-eastern extension of the RB zone.
The Company also plans to validate a possible NS gold system in the Moriss deposit area, for which the latest report NI-43-101 – 2023 gives 514,000 mt inferred at 2.74 g/t Au at surface. Several holes drilled in this direction have previously intersected high gold values such as 18.9 g/t Au over 5.5m and 14.38 g/t Au over 6m in hole VPE-10-11 and 59.51 g/t Au over 6.20m and 5.09 g/t Au over 5.05m in hole VPE-12-50.
Some other interception values in SW and WWS directions on Moriss:
- VPE-10-19: 23.72 g/t Au over 3.75m
- VPE-11-24: 46.96 g/t Au over 2.80m
- VPE-10-10 : 11.48 g/t Au over 5.35m.
The Company believes that it is possible to delineate, by drilling, several north-south trending tension zones in this gold-bearing environment. In this sense, the Company's management anticipates that a short drilling programme in this area during the autumn will clearly identify the gold potential that this EW orientation system could offer.
Detailed information and results of the summer 2023 exploration campaign on the RB zone
Figure 1: Drill Hole Coordinates on
HOLE_ID | EASTING | NORTHING | AZIMUTH | DIP | EOH (m) |
GA-21-68 | 617947 | 5339193 | 180 | -60 | 252 |
GA-23-69 | 617975 | 5339193 | 180 | -60 | 252 |
GA-23-70 | 618058 | 5339182 | 180 | -80 | 225 |
GA-23-71 | 618109 | 5339190 | 180 | -50 | 249 |
GA-23-72 | 618021 | 5339278 | 180 | -50 | 252 |
GA-23-73 | 618153 | 5339224 | 180 | -70 | 252 |
GA-23-74 | 618087 | 5339288 | 180 | -75 | 252 |
Figure 2: Results of the Drilling Program on the
Hole_ID | From (m) | To (m) | Length (m)* | Au (g/t) |
GA-23-68 | 232.5 | 238.5 | 6.00 | 1.33 |
GA-23-69 | 75.0 | 81.0 | 6.0 | 0.81 |
96.0 | 102.0 | 6.00 | 0.54 | |
156.0 | 184.5 | 28.50 | 1.02 | |
incl. | 171.0 | 183.0 | 12.00 | 1.34 |
229.5 | 235.5 | 6.00 | 0.60 | |
GA-23-70 | 10.5 | 13.5 | 3.00 | 1.58 |
27.0 | 69.0 | 42.00 | 1.07 | |
75.0 | 78.0 | 3.00 | 1.31 | |
85.5 | 88.5 | 3.00 | 0.78 | |
111.0 | 114.0 | 3.00 | 0.57 | |
118.5 | 121.5 | 3.00 | 0.62 | |
130.5 | 147.0 | 16.50 | 0.76 | |
153.0 | 156.0 | 3.00 | 0.63 | |
202.5 | 205.5 | 3.00 | 1.29 | |
217.5 | 225.0 | 7.50 | 1.07 | |
GA-23-71 | 9.0 | 15.0 | 6.00 | 0.82 |
190.5 | 195.0 | 4.50 | 0.73 | |
210.0 | 223.5 | 13.50 | 0.73 | |
232.5 | 235.5 | 3.00 | 0.58 | |
GA-23-72 | 13.5 | 24.0 | 10.50 | 0.55 |
31.5 | 36.0 | 4.50 | 1.03 | |
115.5 | 120.0 | 4.50 | 2.03 | |
147.0 | 153.0 | 6.00 | 0.63 | |
162.0 | 165.0 | 3.00 | 0.79 | |
171.0 | 175.5 | 4.50 | 0.87 | |
187.5 | 223.5 | 36.00 | 0.86 | |
incl. | 187.5 | 190.5 | 3.00 | 2.76 |
incl. | 208.5 | 223.5 | 15.00 | 1.08 |
GA-23-73 | 129.0 | 162.0 | 33.00 | 1.20 |
Incl. | 130.0 | 145.5 | 15.50 | 1.82 |
217.5 | 222.0 | 4.50 | 0.51 | |
GA-23-74 | 82.5 | 85.5 | 3.00 | 1.44 |
99.0 | 105.0 | 6.00 | 0.85 | |
120.0 | 124.5 | 4.50 | 1.50 |
*Lengths are measured along the holes. True widths are |
The scientific and technical disclosure for Fokus included in this news release have been reviewed and approved by
The
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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.
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