Fokus Mining Clarifies Galloway Project Estimates

Fokus Mining (TSE:FKM) has released an update.

Fokus Mining Corporation has issued a correction to their July 4, 2024 press release about the Galloway project, clarifying that the only valid mineral resource estimate remains the one from March 23, 2023, supported by a technical report. The company also noted that certain financial assumptions included in the July press release, like a gold price of US$2300/oz, do not adhere to industry standards and should be disregarded, emphasizing that the previous release contained forward-looking information which lacked a valid basis.

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