Thursday, May 10, 2012 1:17:45 PM
FOY-JOHNSTON, INC. is established for the general purpose of developing and creating enhance strategic exploration and mining assets through diligent application of technical and commercial expertise for the benefit of all stakeholders in an efficient and environmentally resposible manner.
Through it's operating subsidiary Cameroon Mines is mining, exploration and producer committed to developing strategic mining exploration and project opportunities in Gold, Precious gems, Rare Earth Metals and Platinum Group Metals.
The Company is progressively restructuring its board and executive assemble and experienced group of individuals with broad local and international industry knowledge. Where it will assist to build shareholder value and help fast-track the develpment of its accumulated assets Icon 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 portfilio of Gold and Diamond exploration tenements in key mineral regions of Cameroon and Central African Republic.
Among its portfolio of exploration tenements, the Company's future growth includes a clear focus on advancing a number of key strategic projects:
* Gold project in Cameroon
* Diamond project in the Central African Republic
* Exploration of other precious metals and gems in Cameroon
Corporate Strategy
Strategy: to builda profitable gold mining company
Production & growth focus driven by:
~~ Low cost base
~~ High margin
~~ Signicant potential for long term growth in reserve base
Focus on production and near prduction projects:
~~ Exploration spend reduced significantly
~~ Maximise recovered grade
~~ Positive impact on earnings
http://www.cammines.com/
http://www.otcmarkets.com/financialReportViewer?symbol=FOYJ&id=80765
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