VANCOUVER, Feb. 17 /CNW/ - 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 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
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 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
ON BEHALF OF THE BOARD
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.
SOURCE Focus Ventures Ltd.
For further information:
For further information, please call 604-688-5288 or visit our web site www.focusventuresltd.com.
Contact: Erin Ostrom / Ralph Rushton
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