Foy-Johnston Updates on Activities in Cameroon
LAS VEGAS, April 4, 2013 /PRNewswire/ -- Foy-Johnston (OTC Pink: FOYJ), management is pleased to announce that over the past several months a lot of exploration work has been completed on the main concessions in Cameroon.
The Company has been using several exploration dredges on its properties to determine the extent of the mineralization that is present. The good news is that the results have lived up to expectations and the Company is sitting on some very rich and very lucrative deposits of alluvia gold. The most impressive part of this is that the cost of extraction of these deposits is significantly lower than underground or even strip mining operations, which will results in a much higher profit after all costs have been figured into the operation.
The Company is now in the process of expanding its operation and will be adding larger and more productive equipment so as to maximize the extraction operation.
"We are very excited by the work that we have carried on so far here in Cameroon and we know that the best is yet to come and it will come in a big way for our shareholders," stated Alexander D. Powers, President of Foy-Johnston Inc.
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
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.