|September 16, 2013|
Focus Terminates Reventon Option
|September 16, 2013; Vancouver, Canada: Focus Ventures Ltd. (TSX-V: FCV) announces results from its Reventon project in Mexico. Focus' subsidiary, Minera Oro Pacific S.A. de C.V., holds an option agreement covering Reventon with Grupo Northair de Mexico S.A. de C.V., a subsidiary of International Northair Mines Ltd. (TSXV:INM). |
Focus drilled approximately 500m in two holes at the Estrella and Chicle targets. Although the drilling successfully cut the high-grade silver mineralisation at depth, it did not intersect the wide mineralized zones seen at surface. The best intersections were 2m @ 305 g/t Ag + 0.3 g/t Au from 239.6m downhole at Chicle, and 2m @ 115 g/t Ag from 188m downhole at Estrella. Accordingly, Focus decided to terminate the drill program early and has notified Northair that it will relinquish its option.
Focus' technical team will now concentrate on advancing the Company's portfolio of phosphate projects. The Company recently announced that it has signed a binding letter of intent with Juan Paulo Quay SAC for the exploration and acquisition of the Bayovar 12 phosphate mining concession, located 70 kilometres south of the city of Piura in northern Peru, close to Vale's operating Bayovar phosphate mine. Focus believes the Bayovar 12 property shows potential to host a large sedimentary phosphate deposit and is planning a systematic grid-based drill program which will commence as soon as exploration permits are received from the authorities (see press release dated September 10, 2013).
Sampling Quality Analysis and Quality Control
Core was first split in half using a diamond core splitter and then logged, and each box photographed prior to sampling. Half-core samples were bagged, security-sealed and transported by Inspectorate to their laboratories in Durango for preparation and shipping of pulps to Reno for analysis. Silver was determined by multi-acid digestion and ICP-AES, with fire assay gravimetric finish. Gold was assayed by Atomic Adsorption Spectrometry with fire assay gravimetric finish. Quality control by Oro Pacific involved the insertion of blind certified standards and blanks into the sample stream at regular intervals in order to independently assess analytical precision and accuracy of each batch of samples as they are received from the laboratory.
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 is acquiring and developing quality phosphate projects in Latin America where the discovery and development of new deposits is becoming increasingly important given the growing demand and limited local supply of phosphate for fertilizer production. For further information, please call 604-688-5288 or visit our web site www.focusventuresltd.com.
ON BEHALF OF THE BOARD
David Cass, President
Shares Issued: 40.1-million
Contact: Ralph Rushton
Tel: (604) 688-5288; Fax: (604) 682-1514
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
Some of the statements in this news release contains forward-looking information that involves inherent risk and uncertainty affecting the business of Focus Ventures Ltd. Actual results may differ materially from those currently anticipated in such statement.
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