Focus Ventures Ltd. (TSX-V: FCV.V) is pleased to provide a brief
update on its exploration activities in Peru, including an update on the
drill campaign currently underway at Chúcara.
Chúcara
Au-Ag Project
A total of three diamond drill holes (1,457m) have now been completed
in the northern part of the Chúcara Au-Ag
Project. The drill holes are targeting various structures that may extend
below the historic Au-Ag-Pb-Zn workings from the
past producing Chuvilca Mine on the northern part
of the property. Partial results from the first hole DDH-CHUC-001 were
released on January 11, 2011 with the remaining results for this hole and
holes DDH-CHUC-002 & 3 pending. Core samples have been submitted to ALS Chemex Laboratories in Lima and analytical results are
expected within the next two weeks.
Hole DDH-CHUC-004 is now underway in
the southern part of the property to test the stacked, shallowly dipping
quartz - semi-massive sulphide veins that were
mapped over a 850m x 300m ridge.
Santa Rosa Ag-Zn-Pb Project
A high-resolution CSAMT (Controlled Source Audio - Magnetotellurics)
geophysical survey was recently completed at the Santa Rosa property, located
100km north of the Peruvian capital, Lima, and 70km southeast of Focus' Minas
Chanca silver project. A total of 20 line kilometres were surveyed. The survey was designed to map
the geology and subsurface expression of the semi-massive and massive sulphide veins, breccias and stockwork zones that host high grade silver, lead and
zinc mineralization. The results will be used to guide a ±3,000m drill
program planned for Q2 of this year. Environmental permitting for the drill
program is well underway and approvals from the local community have been
obtained.
Minas Chancas Ag Project
An update on exploration work by Buenaventura (NYSE: BVN) is expected
over the next few weeks. Buenaventura are earning into a 75% interest in the
Minas Chancas claims by spending US$3 million on
exploration and development over a period of three and a half years, of which
$1 million is committed to be spent within the first 18 months. The work
program during the option period will include no less than 3,000m of diamond
drilling.
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 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
un-tested gold and silver properties that show potential to become new mines.
ON BEHALF OF THE BOARD
"David Cass"
David Cass, President
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