Focus Stakes Claims in Orogenic Gold Belt, Southern Peru
October 19, 2011; Vancouver, Canada: Focus Ventures Ltd. (TSX-V: FCV) is pleased to report that it has staked 6,700 hectares in two separate areas within the Southern Peru Slate Belt, an emerging gold district that extends south into Bolivia.
The Katenwill claims cover 5,500 hectares located in the Province of Carabaya, Department of Puno, and are contiguous with claims that cover Lupaka Gold Corp�s (TSX:LPK) Crucero discovery. Lupaka has defined an Indicated Resource of 814,638 oz gold grading 1.16 g/t and an Inferred Resource of 443,772 oz gold grading 1.02 g/t*. Gold mineralization at Crucero occurs as finely banded sulphide laminations composed of pyrite, pyrrhotite, arsenopyrite, stibnite, chalcopyrite and gold hosted in a sequence of deformed slates and siltstones.
The Pippa claims cover 1,200 hectares located approximately 70km to the northwest of the Katenwill claims and roughly 4 km east of Minera IRL�s Ollachea deposit (TSX:IRL) which contains 2.6 Moz Au in Indicated and Inferred Resources**.
The regional geology consists of deformed slates and sandstones of Palaeozoic age that are associated with intrusive rocks. The claims were staked on the basis of prospective geology and stream sediment geochemistry. Focus is targeting orogenic-type gold deposits which are typically hosted in deformed metamorphic rocks. Work on the properties will commence once the appropriate permits and community permissions have been received.
* Lupaka Gold Corp Company Website
** IRL Press Release 7 September 2011
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 dedicated to the discovery and definition of quality mineral resources in Peru and Mexico and is developing a diversified portfolio of quality projects 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�
David Cass, President
Contact: Jaclyn Ruptash / Ralph Rushton
Symbol: TSXV-FCV
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.
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. |