VANCOUVER, Jan. 7, 2013 /CNW/ - Focus Ventures Ltd. (TSX-V: FCV) is pleased to provide its shareholders with an update on exploration at its Santa Cruz silver project in Mexico. Focus controls a district-scale land position covering a number of silver discoveries made since late 2011 and is currently preparing for a drill program.
New mineralization was sampled at Colorin and La Plomosa, located 400m east of the Estrella mine in the El Reventon property area. At Colorin, channel sampling of hydrothermal breccias gave 12m @ 176 g/t Ag, 0.2 g/t Au, 3.1% Pb and 0.8% Zn.
Sampling at La Plomosa returned 6m @ 78 g/t Ag, 0.38 g/t Au. These are
additional breccia structures to those mapped at the Estrella Mine and El Taco, where previous sampling gave intervals of 5.6m @ 687 g/t Ag, 0.2 g/t Au, 2.6% Pb, 1.3% Zn and 8.9m @ 165 g/t Ag, 0.32 g/t Au, respectively.
At least five mineralized structures have now been discovered in the Estrella area over an area of roughly 700m long x 250m wide. Given their northerly dipping nature and spacing, management believes that it will be possible to test several zones within individual drill holes.
Trenching in the Camino Real area, 1.4 km northeast of the Reventon Breccia, identified low-grade oxide gold and silver mineralization that assayed 28m @ 0.88 g/t Au and 14 g/t Ag with gold values ranging from 0.1 to 4.93 g/t Au (median value 0.62 g/t). The mineralization is hosted within a tuffaceous dacite that outcrops on a northeast trending ridge for approximately 1km. Previous sampling returned 2m @ 2.35 g/t Au and 29 g/t Ag 100m to the southwest. Further work is planned.
Surface trenching and sampling has now defined five targets for drill testing, not including recent discoveries at Camino Real and La Bellota where trenching by Focus assayed 98.3 g/t Ag over 24m (see FCV news release dated October 26, 2012.)
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.
SOURCE Focus Ventures Ltd.