VANCOUVER, June 20, 2012 /CNW/ - Focus Ventures Ltd. (TSXV: FCV) is
pleased to announce encouraging results from surface sampling at the
Don Blas target located on its Santa Cruz property, Durango, Mexico.
The results of Focus's initial sampling were announced on March 19,
2012 and included a 22m section that averaged 377.8 g/t Ag.
A total of 246 panel samples, averaging 2m x 0.4m, were collected from
outcrops of breccia over an area of abrupt topography covering a 360m x
110m area, and returned silver values that ranged from trace to 317 g/t
Ag. Sampled sections were orientated E-W to NE-SW perpendicular to the
trend of the ridge. Although not all areas sampled are mineralized,
weighted average grades gave significant and consistent values in
silver over sample lengths of up to 25m long, with anomalous arsenic
and barium but insignificant lead and zinc values. Maps and plans are
available on the company website www.focusventuresltd.com.
Sampling Highlights (Weighted Averages), Don Blas Breccia
28322 - 28330
28331 - 28334
28335 - 28339
28353 - 28363
28401 - 28402
28413 - 28418
28419 - 28423
28424 - 28432
28433 - 28441
29058 - 29062
29076 - 29082
29072 - 29075
The host breccia at Don Blas is composed of sub-angular clasts of
basement slate, andesite and porphyritic rhyolite held in a sandy,
coarse grained matrix. Silver mineralization is associated with strong
to moderate clay alteration, weak silicification and micro-brecciation.
The breccia is interpreted as phreatomagmatic in origin related to an
intrusive flow dome complex.
Although controls on the mineralization are poorly understood, it could
be related to a major NNE trending structure that bounds the breccia
with altered andesite immediately west.
David Cass, President of Focus Ventures, comments: "We're excited to
discover this new style of disseminated silver-only mineralization on
the Santa Cruz property, particularly in an area with no evidence of
previous mining. It's hosted within an unusual tuffaceous breccia unit
and represents another priority disseminated silver target for drill
testing in addition to the La Fragua, El Padre and Reventon Breccia
targets. Also, we are making headway with our preparations for drilling
with the signing of a formal access agreement with the local community
at Santa Cruz, as part of the permitting process."
Additional work is underway including extending the soil sampling to the
south, detailed mapping and infill surface rock chip sampling
The Santa Cruz and El Reventon Projects lie within the Silver Lake
Trend, a polymetallic belt that hosts several operating and past
producing gold and silver mines, including the La Ciénega, Topia, San
Dimas and Metates deposits. District-wide historical production from
this world-class belt is estimated at 655 million ounces (Moz) of
silver and 9.33Moz of gold. Focus is developing a series of targets at
Santa Cruz and Reventon that show potential to host bulk-tonnage
high-grade and low-grade silver deposits. Drilling is planned for later
in the year.
Mines and occurrences along the Santa Cruz Trend are hosted within Lower
Volcanic Series andesites immediately below the contact of Upper Series
Rhyolites. Work by Focus at Santa Cruz and Reventon has recognized both
high grade and bulk-style precious metal mineralization associated with
Laramide rhyolitic flow-domes. Mineralization includes breccia-hosted
mineralization at Don Blas and at the Reventon Breccia. The stronger
structurally controlled breccia mineralization at El Padre and La
Fragua are aligned along a series of steep ENE trending structures that
would have been re-activated a sinistral shears during Laramide NNE-SSW
compression, and at Zambraneña NNW trending dextral shears.
The Company is pleased to announce the appointment of Mr. Eduardo Duran
Robles, who assumes management of the Company's technical program at
Santa Cruz. Mr. Duran is a geologist with over 38 years' experience in
Mexican mining and exploration, including 21 years with Grupo Frisco,
and 10 years with Minorco / Anglo American. During his career, Mr.
Duran has worked on a wide range of mines and ore deposits from surface
exploration to resource modeling and feasibility.
In addition, the Company has cancelled 375,000 outstanding stock
options, and has granted stock options to its directors, officers,
employees and consultants to purchase up to a total of 1,475,000 shares
of the Company exercisable for ten years at a price of $0.21 per
Sampling Quality Analysis and Quality Control
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.
Mr. David Cass, Focus's President, is a member of the Association of
Professional Engineers and Geoscientists of British Columbia, and a
"Qualified Person" in accordance with NI 43-101. Mr. Cass has reviewed
and approved the technical information in this release.
About Focus Ventures
Focus Ventures is acquiring advanced, drill-ready projects in Peru and
Mexico. 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.
For further information:
Contact: Jaclyn Ruptash
Tel: (604) 688-5288; Fax: (604) 682-1514