Focus Starts Drilling at Reventon
VANCOUVER, May 1, 2013 /PRNewswire/ – Focus Ventures Ltd. (TSX-V: FCV) is
pleased to announce that drilling has started at the El Reventon
silver-gold property, located in Durango, Mexico.
A total of 2,000m is planned to test several targets, commencing with
the Estrella area where at least five mineralized breccias and veins
have been discovered over an area of roughly 700m long x 250m wide.
Surface and underground sampling by Focus at the Estrella mine has shown
significant grades in silver and gold including 687 g/t Ag over 5.6m,
with 0.2 g/t Au, 2.6 % Pb and 1.3% Zn, and 8.9m @ 165 g/t Ag, 0.32 g/t
Au. Sampling of hydrothermal breccias at Colorin and La Plomosa,
located 400m east of the Estrella mine gave 12m @ 176 g/t Ag, 0.2 g/t
Au, 3.1% Pb and 0.8% Zn, and 6m @ 78 g/t Ag, 0.38 g/t Au respectively.
The Chicle Zone lies approximately 250m west of the Estrella Mine and
appears to be one of several additional mineralized epithermal breccias
where sampling gave up to 4.5m @ 383 g/t Ag and 0.6 g/t Au.
Additional holes are also planned at the Reventon Breccia where drilling
in 2007 and 2008 by International Northair Mines (TSX-V : INM) cut
significant intercepts of silver, zinc and lead in the majority of
holes drilled, including 155.4m @ 71.3 g/t Ag, 0.46% Pb and 0.61% Zn
(Hole RC-08-8) and 22.9m @ 287 g/t Ag, 1.39% Pb and 3.48 % Zn (Hole
Other targets include Bellota where trenching of soil anomalies
discovered a new trend of mineralization in altered andesites that
assayed 98 g/t Ag over 24m (see Focus news release October 30, 2012).
Maps and plans are available on the company website www.focusventuresltd.com.
Santa Cruz Property
Due to the ongoing cost of maintaining its option at Santa Cruz and the
new mining levy to be imposed by the Mexican government, the Company
attempted unsuccessfully to re-negotiate the option terms with the
property owners. Therefore the Company will terminate the option in
order to focus its capital resources on the drilling of the higher
grade silver-gold targets at Reventon.
El Reventon Background
The El Reventon property lies within the Silver Lake Trend, a
polymetallic belt that hosts several operating and past producing gold
and silver mines, including the La CiÃ©nega, Topia, San Dimas and
Metates deposits. Since mid-2012 exploration by Focus has resulted in
the definition of several breccia-hosted silver and gold targets within
the trend that show potential to host bulk-tonnage high-grade and
Focus holds an option agreement at El Reventon with International
Northair Mines, whereby Focus can earn a 65% interest in the Project by
incurring US$2,000,000 in exploration expenditures over three years,
including a firm commitment of US$250,000 in the first year. Focus must
also make cash payments to Northair totalling US$235,000 over two
years, and maintain all underlying obligations of Northair by making
cash payments under an existing option agreement to a property owner
totalling US$105,000 (paid). Focus can earn an additional 15% interest
by presenting a feasibility study of sufficient quality that would
allow Northair to fund its share of the project, plus a cash payment of
Sampling Quality Analysis and Quality Control
Rock samples were prepared at ALS Chemex’s preparation facility in
Zacatecas and analyzed in Vancouver, Canada. 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. Lead and zinc were determined by ICP with Atomic
Absorption with volumetric 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.
Quality control is further assured by Focus’s own QA/QC program which
involves the insertion by Focus personnel 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
About Focus Ventures
Focus Ventures is developing a diversified portfolio of quality silver,
gold, copper and phosphate properties in Peru, Mexico and Colombia.
Backed by an experienced technical team of geologists and consultants,
Focus’s strategy is to identify and acquire former producing mines or
untested gold and silver and base metal 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
Shares Issued: 40.1-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.