LAS VEGAS, Feb. 5, 2013 /PRNewswire/ -- Foy-Johnston (OTCPINK: FOYJ), has announced it has reached an agreement to lease 2 – six inch exploration dredges, as well as studies and reports comprising the gold and precious gems in Cameroon from Icon Cameroon Ltd.
Icon Cameroon Ltd. is a multi-faceted consulting firm specializing in consulting for foreign national corporations. The Company has been active in mining, Internet Service Providers, Infrastructure and agriculture projects within Cameroon since 2008.
The studies are of the areas in Cameroon that Foy-Johnston has shown keen interest in and are the areas that they will be acquiring concessions from the government.
These reports and studies will enable the team on the ground in Cameroon to target key gold and precious gems producing areas. This will in turn enable the Company to get to producing revenues at a much quicker pace.
"Getting this information gets us many steps closer to where we want to be for the Company in Cameroon." stated Alexander D. Powers, President of Foy-Johnston. "This is valuable information that took years and years to accumulate, so it puts us way ahead of the curve there," he added.
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, Iron Ore 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
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.
SOURCE Foy-Johnston Inc.