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Focus Makes New Discovery at Reventon: 98 g/t Ag over 24m in Trench
Published : October 30, 2012
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Mots clés associés :   Canada | Copper | G Mexico | Zinc |

Focus Makes New Discovery at Reventon: 98 g/t Ag over 24m in Trench

VANCOUVER, Oct. 30, 2012 /CNW/ - Focus Ventures Ltd. (TSX-V: FCV) is pleased to announce assays from initial channel sampling at its Reventon property within the Santa Cruz project. Prospecting and sampling has confirmed high-grade silver mineralization associated with multiple zones of hydrothermal breccias in areas of strongly anomalous silver-in-soil geochemistry (see press release dated 11 October 2012.)

New Sampling Highlights to Date

                         
Sample ID     Location     Interval (m)     Ag (g/t)     Au (g/t)
29227 - 29228     Chicle     4.6     383.0     0.60
29264 - 29266     Chicle     3.1     89.3     0.13
29230 - 29235     Chicle     11.8     42.0     0.07
29219 - 29222     Chicle     4.6     32.0     Trace
29269 - 29274     El Taco     8.9     165.1     0.32
29275 - 29276     El Taco     3.4     144.8     0.04
29414 - 29425     Bellota     24.0     98.3       Trace
29929 - 29934     Potrero     6.0     115.0     0.59
29940 - 29944     Potrero     10.0     83.4     0.03
29966 - 29969     Camino Real     6.0     13.0     1.22

David Cass, President of Focus, comments: "These initial assays from follow-up of the strong silver anomalies generated by our soil sampling program are very encouraging; in particular the discovery of several new mineralized breccia zones. We are very pleased with progress to date and look forward to more results as our surface sampling and trenching program advances."

The Chicle Zone lies approximately 250m west of the Estrella Mine and 2km southwest of the drilled Reventon Breccia and appears to be one of several mineralized epithermal structures in addition to those sampled at La Estrella, El Taco and Cordon. Recent work along a pronounced north-west trending ridge has revealed a +20m wide zone of hydrothermal brecciation in sericitized and chloritized andesites. Initial rock sample results, which range from trace to 610g/t Ag and trace to 0.68g/t Au, have validated the strong silver-in-soil geochemical anomaly. The silver mineralization is associated with quartz and arsenopyrite. At El Taco, located 100m to the south-east of the La Estrella Mine, sampling along the walls of an old pit assayed 165 g/t Ag, 0.32 g/t Au over 8.9m. Maps and plans are available on the company website www.focusventuresltd.com.

Bellota, Potreros and Camino Real Areas

Follow-up trenching of a soil anomaly some 100m south of the Bellota occurrence has discovered a new north-east trending mineralized zone in weakly silicified andesite that assayed 98.3 g/t Ag over 24m. This likely represents satellite mineralization to the Reventon breccia where drilling in 2007 and 2008 by International Northair Mines Ltd cut breccia-hosted silver, zinc and lead in the majority of holes drilled, including 155.4m @ 71.3 g/t Ag, 0.46% Pb and 0.61% Zn (Hole RC-08-8) and 22.9m @ 287 g/t Ag, 1.39% Pb and 3.48 % Zn (Hole RC-08-13).

Background

The Santa Cruz and El Reventon properties 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. Focus controls a major district-scale land position comprising over 60,000 hectares covering a mineralized trend over 20km long. Since late 2011 exploration by Focus has resulted in the definition of several breccia-hosted silver and gold targets within the trend that show potential to host bulk-tonnage high-grade and low-grade deposits, with permitting for drilling currently underway. Exploration is continuing at Reventon with remaining soil anomalies being followed up and trenched.

Sampling Quality Analysis and Quality Control

Rock 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.

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 developing a diversified portfolio of quality silver, gold, copper and phosphate properties 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"
David Cass, President

Symbol: TSXV-FCV
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.

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.

SOURCE: Focus Ventures Ltd.

For further information:

Contact:  Jaclyn Ruptash
Tel: (604) 688-5288;   Fax: (604) 682-1514
Email: info@focusventuresltd.com
Website: www.focusventuresltd.com

Données et statistiques pour les pays mentionnés : Canada | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous

Focus Ventures Ltd

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CODE : FCV.V
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Focus Ventures est une société d’exploration minière basée au Canada.

Focus Ventures est productrice d'argent et d'or au Perou, en développement de projets d'argent et d'or au Perou.

Son principal projet en production est NUEVA CALIFORNIA au Perou, son principal projet en développement est CHÚCARA au Perou et son principal projet en exploration est MINAS CHANCA au Perou.

Focus Ventures est cotée au Canada. Sa capitalisation boursière aujourd'hui est 4,6 millions CA$ (3,6 millions US$, 3,0 millions €).

La valeur de son action a atteint son plus haut niveau récent le 22 janvier 2010 à 1,38 CA$, et son plus bas niveau récent le 20 avril 2018 à 0,02 CA$.

Focus Ventures possède 231 740 000 actions en circulation.

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Rapports annuels de Focus Ventures Ltd
2008 annual report
Financements de Focus Ventures Ltd
16/10/2013Increases Private Placement to $1.5M
02/10/2013Arranges $1.2M Private Placement
Projets de Focus Ventures Ltd
16/03/2011(Chúcara)Announces Remaining Chúcara Drill Results
17/02/2011(Chúcara). - Exploration Update
Communiqués de Presse de Focus Ventures Ltd
25/07/2016Focus Completes Credit Facility Extension
14/07/2016Focus to Extend Credit Facility
11/07/2016Focus Completes Private Placement
05/07/2016Focus Files Updated PFS Technical Report
15/06/2016Focus Increases Private Placement
01/06/2016Focus Announces Proposed Private Placement
17/05/2016Focus Ventures Conference Call Details
16/05/2016Focus Delivers Pre-Feasibility Update for Bayovar 12 Phospha...
21/04/2016Bayovar 12 Project Update Pending; Jeff Franzen Joins Team a...
06/04/2016Focus Completes Private Placement
22/03/2016Focus Provides Update on Bayovar12 Phosphate Project, Peru a...
05/01/2016Focus Announces Positive Prefeasibility Study for Bayovar12 ...
30/12/2015Focus Delivers Bayovar 12 Prefeasibility Study to Joint Vent...
26/10/2015ELYSEE Subscribes for 6.0 Million Units of Focus Ventures Lt...
19/10/2015Focus Clarifies Private Placement Warrant Terms
19/10/2015Focus Proposes $2.0 Million Private Placement
06/10/2015Focus Files Updated NI 43-101 Technical Report for Expanded ...
21/09/2015Focus Ventures Provides Update on Bayovar 12 Phosphate Proje...
25/08/2015Focus Ventures Engages Fertilizer Expert Dr. Bert Quin
20/08/2015Focus Delivers Updated and Expanded Resource for Bayovar 12 ...
19/08/2015Focus Delivers Updated and Expanded Resource for Bayovar 12 ...
27/07/2015Focus Upgrades Bayovar 12 Phosphate PEA to Pre-Feasibility S...
16/04/2015Focus Completes Sale of Royalty on Bayovar 12 Phosphate Proj...
16/04/2015Radius Completes Purchase of Royalty on Bayovar 12 Phosphate...
14/04/2015Focus Initiates Phase 2 Drilling at its Bayovar 12 Phosphate...
09/04/2015Focus Proposes CAD$3.0 Million Private Placement
09/04/2015Proposes CAD$3.0 Million Private Placement
30/03/2015Focus Completes 70% Purchase of JPQ, Owner of Bayovar 12 Pho...
30/03/2015Completes 70% Purchase of JPQ, Owner of Bayovar 12 Phosphate...
27/03/2015Focus to Extend Warrants
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10/03/2015Radius Gold Acquires Option on Margarita Silver Property, Me...
10/03/2015Accelerates Purchase of 70% of JPQ, Owners of Bayovar 12 Pho...
02/03/2015Focus's Bayovar 12 Phosphate Project Yields Positive Metallu...
02/03/2015Focus' Bayovar 12 Phosphate Project Yields Positive Metallur...
23/01/2015Focus Ventures Ltd.'s President and Director Are Interviewed...
27/10/2014Focus Files NI 43-101 Technical Report on Bayovar 12
23/10/2014Focus Signs Joint Venture Agreement with Daewoo Internationa...
16/10/2014Focus Commences Bayovar 12 PEA and Provides Update
09/09/2014Focus Selects Engineering Consultants for Bayovar 12 Prelimi...
08/09/2014Focus Delivers Initial Resource Estimate for Bayovar 12, Per...
05/08/2014Focus Receives $971,000 from Exercise of Warrants
28/07/2014Focus Drills Phosphate Over 6.4 km2 at Bayovar 12, Peru; Res...
24/06/2014Focus Reports More Phosphate Drill Assays From Bayovar 12, P...
16/06/2014Focus Reports Further Phosphate Drill Assays at Bayovar 12, ...
09/06/2014Focus Appoints Timothy S. Oliver as Director of Projects
21/05/2014Focus Accelerates Warrant Expiry
20/05/2014Focus Receives First Drill Assays from Bayovar 12; Contracts...
14/04/2014Focus Closes $1.25 Million Private Placement
26/10/2013Shareholder Update
25/10/2013and Stonegate Announce that Focus has Acquired an Option to ...
16/09/2013Terminates Reventon Option
10/09/2013Acquires Phosphate Project in the Bayovar District, Peru
29/07/2013acquires new phosphate claims in Colombia
26/06/2013Options its Aurora Copper-Moly Project, Peru
21/05/2013and Stonegate Enter Into Letter of Intent for Focus to Acqui...
01/05/2013Starts Drilling at Reventon
11/03/2013Confirms Historical Drill Assays at Aurora and Samples 18.8 ...
16/02/2013. - Clarification of Technical Disclosure
16/01/2013Geophysical Survey in Peru Outlines Potential Size of the Au...
30/10/2012Makes New Discovery at Reventon: 98 g/t Ag over 24m in Trenc...
11/10/2012Exploration at Reventon Outlines 1,300m x 500m Silver-in-Soi...
25/09/2012and Northair Sign Definitive Agreement for El Reventon, Mexi...
13/07/2011Commences Drilling at Santa Rosa
27/06/2011Receives its Santa Rosa Drill Permit; Drilling to Commence i...
08/06/2011Provides Peru Exploration Update
19/04/2011Samples High Grade Silver at Santa Rosa, Peru - 5.9m grading...
10/03/2011Samples 14.6% Zn + 76g/t Ag over 11.3m at Santa Rosa, Peru
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