VANCOUVER, June 27, 2011 /CNW/ - Focus Ventures Ltd. (TSXV: FCV.V) is
pleased to report it has received its Category II drill permit from the
Peruvian authorities for its Santa Rosa Ag-Pb-Zn project, 100km north
of Lima, Peru. The Company has contracted a drill rig for a minimum of
2,000m of diamond drilling. Preparations are underway to mobilize the
rig to site and drilling will commence around mid-July. The drill
program will be the first ever on the Santa Rosa property.
Drilling will test the depth and strike extensions of the vein and
stockwork Ag-Zn-Pb mineralization exposed in the Santa Rosa and
Milagros-Sally underground workings. Several additional targets will
also be drilled, including the Santa Rosa Sur and Zona Oxidos targets.
Highlights of Focus's work to date include (refer to press releases
dated March 10, April 19, and June 6, 2011):
Definition of broad widths of vein and stockwork mineralization in
underground workings that could potentially be amenable to bulk mining,
- 53.6m @ 32 g/t Ag, 1% Pb, 4% Zn (Santa Rosa Mine, Level 4267)
- 27.6m @ 43 g/t Ag, 1.8% Pb, 3.6% Zn (Santa Rosa Mine, Level 4280)
- 11.3m @ 76 g/t Ag, 3.2% Pb, 14.6% Zn (Milagros-Sally, Level 4380)
- 15.1m @ 43 g/t Ag, 2.6% Pb, 7.8% Zn (Milagros-Sally, Level 4340)
Sampling of bonanza silver grades associated with massive sulphide lead
and zinc veins
- 5.9m @ 389 g/t Ag, 24.3% Pb, 15.5% Zn, including
2m @ 807 g/t Ag, 51.3% Pb, 15.8% Zn (Santa Rosa Mine, Level 4267)
- 1.5m @ 525 g/t Ag, 8.7% Pb, 6.9% Zn (Yanapata Mine)
David Cass, President of Focus, commented: "With our Santa Rosa permit
now in hand and drill permitting in the final stages at our Minas
Chancas silver project, we look forward to drills turning on both
projects during the months ahead."
The Santa Rosa property is located within the prolific Central Peru
Polymetallic Belt, at an altitude of between 4,000m and 4,500m above
sea level. Several world class silver, lead and zinc mines owned by
major operators such as Pan American Silver, Buenaventura, Glencore and
Volcan lie within a 50km radius of the property. Volcan, the world's
fourth biggest silver and zinc producer, operates the high-grade Shalca
Ag-Pb-Zn Mine which borders the Santa Rosa property on the northern end
of the mineralized corridor.
The property underwent some small scale production in 2008, where ore
grading 6 oz/t Ag, 8.75% Zn and 6.6% Pb was mined exclusively from the
Santa Rosa and Milagros zones.
Focus can earn 100% of the property by making cash payments totaling
US$9 million over 4 years to a local Peruvian company. For resources
defined in Measured and Indicated categories in excess of 5 million
tonnes, a royalty of US$1.19 per tonne will be payable.
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
Samples were analyzed by ALS Chemex Laboratories in Lima. Gold was
assayed by Atomic Absorption Spectrometry with fire assay gravimetric
finish. Silver was determined by multi-acid digestion and ICP-AES with
Atomic Absorption 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.
Focus's own blanks and duplicates were included in the sample stream.
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
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
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: Erin Ostrom / Ralph Rushton
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