Focus Stakes Claims in Orogenic Gold Belt, Southern Peru
VANCOUVER, Oct. 19, 2011 /PRNewswire/ – Focus Ventures Ltd. (TSXV: FCV) is
pleased to report that it has staked 6,700 hectares in two separate
areas within the Southern Peru Slate Belt, an emerging gold district
that extends south into Bolivia.
The Katenwill claims cover 5,500 hectares located in the Province of
Carabaya, Department of Puno, and are contiguous with claims that cover
Lupaka Gold Corp’s (TSX:LPK) Crucero discovery. Lupaka has defined an
Indicated Resource of 814,638 oz gold grading 1.16 g/t and an Inferred
Resource of 443,772 oz gold grading 1.02 g/t*. Gold mineralization at
Crucero occurs as finely banded sulphide laminations composed of
pyrite, pyrrhotite, arsenopyrite, stibnite, chalcopyrite and gold
hosted in a sequence of deformed slates and siltstones.
The Pippa claims cover 1,200 hectares located approximately 70km to the
northwest of the Katenwill claims and roughly 4 km east of Minera IRL’s
Ollachea deposit (TSX:IRL) which contains 2.6 Moz Au in Indicated and
The regional geology consists of deformed slates and sandstones of
Palaeozoic age that are associated with intrusive rocks. The claims
were staked on the basis of prospective geology and stream sediment
geochemistry. Focus is targeting orogenic-type gold deposits which are
typically hosted in deformed metamorphic rocks. Work on the properties
will commence once the appropriate permits and community permissions
have been received.
A map showing the claim locations will be made available on Focus’
website at www.focusventuresltd.com
* Lupaka Gold Corp Company Website
** IRL Press Release 7 September 2011
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
About Focus Ventures
Focus Ventures is dedicated to the discovery and definition of quality
mineral resources in Peru and Mexico and is developing a diversified
portfolio of quality projects that show potential to become new mines.
ON BEHALF OF THE BOARD
David Cass, President
Contact: Jaclyn Ruptash / 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.
Some of the statements in this news release contain 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.
SOURCE Focus Ventures Ltd.