LAS VEGAS, March 13, 2013 /PRNewswire/ -- Foy-Johnston
(OTCPink:FOYJ - News), has announced 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 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 our
concession. The company is excited about its prospects in the
upcoming mining season. Further, Foy Johnston announces that
pitting of six 10mx10m sections down to 6 meters commenced
yesterday on one of the concessions. Sampling returned an
average of .89 ("g/t"), the Company is optimistic with proper
equipment production will be potentially quite high.
"Adding these concessions to our portfolio in Cameroon secures a long and productive future
for the Company. These concessions are known areas of high
concentration of alluvia gold deposits and we excited to be able to
secure them," stated Alexander D.
Powers – president of Foy-Johnston.
About Foy-Johnston Inc.
Foy-Johnston through its wholly owned subsidiary Cameroon Mines
is involved in enhancing exploration and mining assets through
diligent application of technical and commercial expertise for the
benefit of all stakeholders of Foy-Johnston in an efficient and
environmentally responsible manner. Cameroon Mines is a mining
explorer and producer committed to developing strategic mining
exploration and project opportunities in Gold, Precious gems, Rare
Earth Metals and Platinum Group Metals. The Company has assembled
an experienced group of individuals with broad local and
international industry knowledge. Where it will assist to build
shareholder value and help fast-track the development of its
accumulated assets Cameroon Mines will also secure the
participation and support of key strategic partners globally, who
can provide tangible benefits towards achieving the Company's
goals. The company has already acquired a portfolio of Gold and
Diamond exploration tenements in key mineral regions of
Cameroon and Central African Republic. Our website is
www.cammines.com.
Forward-Looking Statements
Please be advised that statements made herein, other than
historical data, constitute forward-looking statements that involve
risks and uncertainties that could cause actual results to differ
materially from those stated or implied by such forward-looking
statements. The potential risks and uncertainties include, among
others, potential volatility in the company's stock price,
increased competition, customer acceptance of new products and
services offered by the company, and uncertainty of future revenue
and profitability and fluctuations in its quarterly operating
results. Please also be advised that the company's stock is not
currently registered with the Securities and Exchange
Commission.
Contact:
Investor Relations
E-mail: info@cammines.com
Website: www.cammines.com
SOURCE Foy-Johnston Inc.
