|November 24, 2010|
Drilling Underway at Chúcara
|November 24, 2010; Vancouver, Canada: Focus Ventures Ltd. (TSX-V: FCV.V) is pleased to report that diamond drilling is underway at its Chúcara project, located in Peru's La Libertad mining district. |
Focus is evaluating a system of intermediate sulphidation-type epithermal veins at Chúcara for a high-grade gold and silver deposit. The 700 hectare property, located within a highly endowed mineral belt in north-central Peru, is 45km southeast of Barrick's Lagunas Norte Mine and 18km east of the Comarsa Au-Ag Mine. The project covers the majority part of an historic Ag-Au (Pb-Zn) mine and the recently defined south-eastern extension of the mineralization.
The first hole, DDH-CHUC-001, is positioned in the Northern Target Area and is being drilled to test several targets, including the down-dip continuity of several past producing Au-Ag (Pb-Zn) veins and associated splays, and CSAMT geophysical anomalies. Maps and sections are available on the Company website www.focusventuresltd.com.
The drill program is designed to test the robust system of high-grade gold and silver veins and deep geophysical anomalies that outcrop within a northwest-southeast trending corridor at least 2 kilometres long. Extensive sampling by Focus of surface vein outcrops over the length of the property indicates grades averaging between 10 -- 15 g/t Au Eq.* over widths of approximately 1 metre. (*Au equivalent grades based on silver:gold ratio of 57:1 and assumes 100% metallurgical recoveries). This is the first time the property has been drilled.
Drill targets were defined by a comprehensive exploration program undertaken by Focus that included digital compilation of historical work, property-scale mapping, surface channel sampling, a geophysical CSAMT survey and 3D modelling.
The scientific and technical information in this release was prepared under the supervision of Mr. David Cass, Focus's President, who is a member of the Association of Professional Engineers and Geoscientists of British Columbia, and a "Qualified Person" in accordance with NI 43-101.
Samples were analyzed by ALS Chemex Laboratories in Lima. Gold was assayed by Atomic Adsorption Spectrometry with fire assay gravimetric finish. Silver was determined by multi-acid digestion and ICP-AES, with fire assay gravimetric finish. ALS Chemex's quality control system complies with International Standards ISO 9001:2000 and ISO 17025:2005. Analytical accuracy and precision are monitored by the analysis of reagent blanks, reference material and replicate samples.
About Focus Ventures
Focus Ventures is acquiring advanced, drill-ready projects in Peru. Backed by an experienced technical team of geologists and consultants, Focus's strategy is to identify and acquire former producing mines or un-tested gold properties that show potential to become new mines. For further information, please call 604-688-5288 or visit our web site www.focusventuresltd.com.
ON BEHALF OF THE BOARD
David Cass, President
Contact: Erin Ostrom / Ralph Rushton
Shares Issued: 29.2-million
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
You can view the Next News Releases item: Tue Nov 30, 2010, Focus Acquires High-Grade Silver-Lead-Zinc Project in Peru; Samples up to 107 oz/t Ag, 11.7% Pb, 11.8% Zn over 0.7m
You can view the Previous News Releases item: Mon Oct 25, 2010, Focus Signs Drill Contract for its Chúcara Gold-Silver Project, Peru
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