VANCOUVER, Jan. 11 /CNW/ - Focus Ventures Ltd. (TSX-V: FCV.V) is pleased
to report that it has received initial assay results from DDH-CHUC-001,
the first hole to be drilled at its Chucara Au-Ag project. The hole is
still in progress at the time of writing.
Summary of drill results to date, hole DDH-CHUC-001:
True Width (m)
Au Eq. (g/t*)
*Au Eq. calculated grades based on $1300/oz Gold, $29/oz Silver,
$1.10/lb Lead & $1.10 lb Zinc, and assumes 100% metallurgical
DDH-CHUC-001 is positioned in the Northern Target Area and is being
drilled to test the down dip extensions of the past producing Conzuso,
Maria and Wenses veins below the historical workings. The intersections
are coincident with the down dip projections of the convergence of the
Consuzo and Maria veins, which are some 290m and 315m respectively
below the vein outcrops at surface. In the case of the Consuzo vein the
intercept is 25m below the old workings and in the case of Maria
approximately 170m below the old workings.
From 216.1m to 217m the hole cut massive sulphide vein mineralization
grading 5.6 g/t Au, 512 g/t Ag (16.5 oz/t), 2.3% Pb, and 4.7% Zn (21
g/t Au Eq.) and from 218.95m to 219.55m a second massive sulphide vein
grading 10.0 g/t Au, 323 g/t Ag (10.4 oz/t), 7.6% Pb, and 4.3% Zn (24.1
g/t Au equivalent) was intersected. The entire zone, including the low
grade wall rock in-between the veins, assayed 3.53 g/t Au, 203 g/t Ag
(6.53 oz/t), 2.1% Pb and 2.2% Zn (10.5 g/t Au Eq.) over a true width of
Another significant intercept was drilled from 127.2m to 127.8m which
graded 4.95 g/t Au, 345 g/t Ag (11.9 oz/t), 5.78% Pb and 11.0% Zn
(22.7g/t Au Eq.) over a true width of 0.55m.
The mineralization is hosted by an interbedded sequence of siliceous
grey siltstone and black argillite intruded by a swarm of diorite and
dacite sills. The massive sulphide veins cross cut the intrusions and
thus far appear to have no spatial or genetic relationship to the
Mark Slauenwhite P.Geo, Vice President Exploration of Focus, commented:
"Even though it's early in the program these initial results from the
first hole at Chucara demonstrate excellent vertical continuity of the
veins which we now know extend below the old workings and average 300m
down dip below the surface. We've seen no indications that we are near
the base of the mineralized system. We're also encouraged that there
appears to be no demonstrable change in the chemistry, metal zonation
or grade of the mineralization suggesting that the system is still
strong underneath the historical workings."
Further information including photographs of core and sections are
available on the Company website www.focusventuresltd.com.
Focus is evaluating a system of intermediate sulphidation-type
epithermal veins at Chucara for a high-grade gold and silver deposit.
The 700 hectare property, located within a highly endowed mineral belt
in north-central Peru, is 45km southeast of Barrick's Lagunas Norte
Mine and 18km east of the Comarsa Au-Ag Mine. The project covers the
majority part of an historic Ag-Au (Pb-Zn) mine and the recently
defined south-eastern extension of the mineralization.
The 3,000m drill program is designed to test the robust system of gold
and silver-rich polymetallic veins for their high grade resource
potential over the northwest-southeast trending corridor that is at
least 2 kilometres long. Specific targets include:
down-dip and strike extensions of the past-producing Au-Ag (Pb-Zn) veins
in the northern part of the concession and their deeper feeder zones,
plus conceptual targets that were successfully outlined during a recent
stacked, shallowly dipping quartz - semi-massive sulphide veins that
were mapped over a 850m x 300m ridge in the southern part of the
property, where a total of 91 samples gave average grades of 7.4 g/t Au
and 439 g/t Ag (14.1 oz/t Ag) over widths averaging 0.6m.
new high-grade veins and splays discovered by surface mapping and
trenching that link the northern and southern areas.
Drill targets were defined by a comprehensive exploration program
undertaken by Focus that included digital compilation of historical
work, property-scale mapping, surface channel sampling, a geophysical
CSAMT survey and 3D modelling.
Sampling Quality Analysis and Quality Control
The drill program, including logging, drill core sampling and QA/QC is
being 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. 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 Adsorption 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. 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.
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
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
Contact: Erin Ostrom / 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.
SOURCE Focus Ventures Ltd.
For further information:
please call 604-688-5288 or visit our web site www.focusventuresltd.com.