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As of 8:10 PM 08/8/14 All times are local (Market data is delayed by at least 15 minutes).

foy johnston inc (FOYJ) Snapshot

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02/24/14 - $0.0002
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foy johnston inc (FOYJ) Details

Foy-Johnston Inc., through its subsidiary, Cameroon Mines Ltd, engages in developing exploration and mining assets. It is developing strategic mining exploration and project opportunities in gold, precious gems, rare earth metals, and platinum group metals. The company has a portfolio of gold and diamond exploration tenements in various mineral regions of Cameroon and Central African Republic. Foy-Johnston Inc. is based in New York, New York.

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foy johnston inc (FOYJ) Key Developments

Foy-Johnston Inc. Announces Concession on Kadei River in Cameroon Acquisition

Foy-Johnston Inc. has announced that it has reached an agreement with local land owners, village chief, elders and the Paramount Chief and Cameroon Ministry of Mines to acquire a further 3 concessions on the Kadei River in Cameroon. Surface rents have been paid and concession demarcation and licensing is underway. The concessions selected are to the East near the border of Central African Republic region, which are considered to be the major body for gold in the region. Historical records as stated by village elders indicate that while exploration has occurred in the past in this area, very little river dredging or any industrial mining has never taken place. The company is excited about its prospects in the upcoming mining season. Further, Foy Johnston announced that water dredging sampling commenced on the Kadei concessions. Dredge sampling with a six inch dredge returned an average of 1.2 (g/t), the company is optimistic with proper equipment production potentially will be quite high.

Foy-Johnston Inc. Announces Batare Oya Concession Acquisition

Foy-Johnston Inc. reached an agreement with local land owners, village chief, elders and the Paramount Chief and Cameroon Ministry of Mines to acquire a further 4 concessions in the historic gold producing region of Betare Oya. Surface rents have been paid and concession demarcation and licensing is underway. The concessions selected are far to the north/east near the Lom River in the Bangbel sector, which is considered to be the major host body for gold. Historical records as stated by village elders indicate that while exploration has occurred in the past in this area, land exploration of exploitation has been limited on concession. The company announced that pitting of six 10mx10m sections down to 6 meters commenced on March 12, 2013 on one of the concessions. Sampling returned an average of 0.89 (g/t), the company is optimistic with proper equipment production will be potentially quite high.

Foy-Johnston Inc. Announces Exploration at Eastern Region of Cameroon

Foy-Johnston Inc. announced that it now has the two exploration dredges on site and in operation in the Eastern Region of Cameroon. This begins the process of proving up the location and quantity of alluvia gold, that know is there. The company has now successfully transported the second phase of equipment from staging area in USA via container to Cameroon. This finishes the movements needed of the equipment into Cameroon to begin the second phase of bulk sampling, pre-production, pitting and high grade gold recovery before a commercial system can be approved, transported and assembled for larger scale exploitation planned.

 

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