News Releases
| 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. Qualified Person 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" David Cass, President Contact: Erin Ostrom / Ralph Rushton Symbol: TSXV-FCV 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 You can return to the main News Releases page, or press the Back button on your browser. |
