Fokus Mining (TSE:FKM) has released an update.
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Fokus Mining Corporation has reported favorable outcomes from a gold price sensitivity analysis on their Galloway gold project’s initial resource estimate, revealing a significant increase in inferred resources to 2.71 million ounces at a higher gold price of US$2,300 per ounce. The updated model, developed by InnovExplo, underscores the robustness of the project which previously estimated resources at 1.4 million ounces with a lower gold price. Additionally, recent drilling in the project’s western area has yielded promising gold findings, further enhancing the project’s prospects.
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