ROUYN-NORANDA, QC, July 4, 2024 /CNW/ - Fokus Mining Corporation ("Fokus" or the "Company") (TSXV: FKM) (OTCQB: FKMCF) (FSE: F7E1) is pleased to announce the results of a sensitivity analysis of the gold price on the initial NI 43-101 Mineral Resource estimate ("MRI") 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 request this study.

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https://www.newswire.ca/news-releases/fokus-publishes-very-positive-gold-price-sensitivity-results-on-its-initial-resource-estimate-for-the-galloway-gold-project-889070335.html