Focus Announces Remaining Chucara Drill Results
VANCOUVER, March 15 /PRNewswire/ – Focus Ventures Ltd. (TSX-V: FCV) has
received the remaining assay results from 5 diamond drill holes
(1,780m) completed at the Chúcara property. Three holes were drilled
in the northern area, and two holes were drilled in the southern area.
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The holes in the northern area cut the down dip extension of the
Conzuso, Maria and Wenses veins where expected below the historic
underground production stopes, demonstrating the continuity of the
veins to depth. Consuzo was cut 135m below the old workings; Maria was
cut 225m below the workings and the Wences 320m below the old stopes.Â
Also, a series of previously unknown veins was cut between the
principal veins demonstrating that the northern zone is in reality a
swarm of mineralized veins. Â
In the southern part of the area holes DDH-CHUC-004 & 5 were drilled on
top of the ridge spaced 360m apart to test underneath the system of
shallowly dipping, quartz – semi-massive sulphide veins exposed by
informal miners. The holes were drilled steeply to the south to
intersect the low angle veins at the best core angle possible across
the stratigraphy. These holes cut only a few narrow quartz +
semi-massive sulphide veins within a sequence of black foliated
sandstones. Â
General Comments Â
The drilling in the northern area confirmed that the past-producing
veins continue deep underneath the old stopes with similar grades to
those mined historically and also intersected new veins.
In the southern area the drilling was disappointing and did not
intersect any significant mineralized intercepts, demonstrating that
the low-angle, parallel veins exposed by the informal workings have
poor continuity and are most likely displaced due to post-mineral
deformation. Other conceptual targets such as deeper geophysical and
structural targets in the northern area were not proved in the
drilling.
Given these results the Company considers that the potential size of the
project to support the original target of a 1,000 tpd mining operation
to be reduced considerably. No further work is justified and the
property will be relinquished.
Table of Significant Drill Intercepts
True
From Length Width Au Ag Pb Zn
(m) To (m) Vein (m) (m) (g/t) (g/t) (%) (%)
DDH-CHUC-001
127.2 127.8 New* 0.6 0.55 5.0 345 5.8 11.0
168.8 169.5 Consuzo* 0.7 0.64 1.8 19 0.3 0.6
216.1 219.55 Maria* 3.45 3.14 3.5 203 2.1 2.2
DDH-CHUC-002
195.4 200.15 Maria 4.75 4.32 2.7 144 3.0 4.6
321.9 323.1 New 1.2 1.09 1.4 120 2.3 3.8
375.9 376.8 Wenses 0.9 0.82 0.43 100 0.7 1.8
482.1 483.0 New 0.9 0.82 3.1 14 0.57 1.53
DDH-CHUC-003
269.0 269.45 Consuzo 0.45 0.41 6.1 652 5.8 7.4
295.0 295.55 Maria 0.55 0.23 2.2 425 5.8 3.1
* Previously reported (see Press Release January 11, 2011)
Sampling Quality Analysis and Quality Control
The drill program, including logging, drill core sampling and QA/QC was
supervised by Mark Slauenwhite P.Geo., Focus’s Vice President of
Exploration. Core was first split in half using a diamond core splitter
and then logged, and each box photographed prior to sampling.Â
Half-core samples were bagged, security-sealed and transported by Focus
personnel to ALS Chemex laboratories in Lima for analysis. Gold was
assayed by Atomic Absorption 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.Â
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. Finally,
representative sample pulps are forwarded to an ISO-compliant third
party laboratory for additional quality control.
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.
About Focus Ventures
Focus Ventures is acquiring advanced, drill-ready projects in Peru.Â
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.Â
ON BEHALF OF THE BOARD
    “David Cass”
David Cass, President
Neither the TSX Venture Exchange nor the Investment Industry Regulatory
Organization of Canada accepts responsibility for the adequacy or
accuracy of this release.
Forward-Looking Statement
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.
