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Fokus Mining ( (TSE:FKM) ) just unveiled an update.
Fokus Mining Corporation has completed a significant transaction with Visible Gold Mines Inc., acquiring a 100% interest in six properties and a 40% interest in another, all located along the Cadillac-Larder Lake Fault in Québec, Canada. This acquisition strategically triples Fokus’ land position, enhancing its exploration potential and positioning it advantageously within a highly productive gold district, surrounded by major industry players. The expanded land package offers multiple drill-ready targets and immediate expansion potential, particularly around Fokus’ flagship Galloway Project, which already hosts a substantial inferred mineral resource.
More about Fokus Mining
Fokus Mining Corporation operates in the mining industry, focusing on the exploration and development of gold properties. The company is engaged in expanding its land holdings and enhancing its resource base, primarily in the prolific gold belts of Canada.
Average Trading Volume: 179,568
Technical Sentiment Signal: Buy
Current Market Cap: C$29M
Learn more about FKM stock on TipRanks’ Stock Analysis page.