|February 17, 2011|
|February 17, 2011; Vancouver, Canada: Focus Ventures Ltd. (TSX-V: FCV.V) is pleased to provide a brief update on its exploration activities in Peru, including an update on the drill campaign currently underway at Chúcara. |
Chúcara Au-Ag Project
A total of three diamond drill holes (1,457m) have now been completed in the northern part of the Chúcara Au-Ag Project. The drill holes are targeting various structures that may extend below the historic Au-Ag-Pb-Zn workings from the past producing Chuvilca Mine on the northern part of the property. Partial results from the first hole DDH-CHUC-001 were released on January 11, 2011 with the remaining results for this hole and holes DDH-CHUC-002 & 3 pending. Core samples have been submitted to ALS Chemex Laboratories in Lima and analytical results are expected within the next two weeks.
Hole DDH-CHUC-004 is now underway in the southern part of the property to test the stacked, shallowly dipping quartz - semi-massive sulphide veins that were mapped over a 850m x 300m ridge.
Santa Rosa Ag-Zn-Pb Project
A high-resolution CSAMT (Controlled Source Audio - Magnetotellurics) geophysical survey was recently completed at the Santa Rosa property, located 100km north of the Peruvian capital, Lima, and 70km southeast of Focus' Minas Chanca silver project. A total of 20 line kilometres were surveyed. The survey was designed to map the geology and subsurface expression of the semi-massive and massive sulphide veins, breccias and stockwork zones that host high grade silver, lead and zinc mineralization. The results will be used to guide a ±3,000m drill program planned for Q2 of this year. Environmental permitting for the drill program is well underway and approvals from the local community have been obtained.
Minas Chancas Ag Project
An update on exploration work by Buenaventura (NYSE: BVN) is expected over the next few weeks. Buenaventura are earning into a 75% interest in the Minas Chancas claims by spending US$3 million on exploration and development over a period of three and a half years, of which $1 million is committed to be spent within the first 18 months. The work program during the option period will include no less than 3,000m of diamond drilling.
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.
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 and silver 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: 29.3-million
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
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