TSX.V: FKM OTCQB: FKMCF Frankfurt: F7E1 ROUYN-NORANDA, QC, July 4, 2024 /CNW/ -
Fokus Mining Corp. is pleased to announce the results of a sensitivity analysis of the gold price on the initial NI 43-101 Mineral Resource estimate for its 100%-owned Galloway gold project located in the Abitibi region of Quebec. Using the same model as for the initial NI 43-101 MRI at a gold price of US$2,300 per ounce, and a cut-off grade of 0.70, inferred resources would be estimated at 2.71 million ounces of gold. As announced in the press release of May 8th, 2024, Fokus commissioned InnovExplo to develop a new sensitivity model for the NI 43-101 compliant resource estimate published in March 2023. In this regard, the results are very convincing and confirm the hypotheses that led Fokus to req...