Welcome!

News Feed Item

Focus Receives First Drill Assays from Bayovar 12; Contracts Golder Associates for Initial Resource Calculation

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 05/20/14 -- Focus Ventures Ltd. (TSX VENTURE:FCV) is pleased to provide assay results for the first 5 holes logged and assayed at the Bayovar 12 phosphate project near Piura, northern Peru. Assays have been received for holes JPQ-14-06, 14-01, 14-03, 14-08 and 14-13 drilled on 800m spacings along the northern part of the drill grid. The holes are being logged, split and sampled in a designated order to allow construction of coherent geological cross sections. Similar geology and mineralization was observed in all holes. Highlights of the first 5 holes, spanning a 3.2km section line, are:


--  Between 13 and 18 horizontal phosphate beds logged in each hole with at
    least 10 beds ("main beds") with an average thicknesses of around 0.4m
    or greater, with individual beds up to 1.35m thick. 
--  Average grade of all the main beds calculated over all 5 holes is 15.1%
    P2O5, ranging from 11.1% to 20.3% P2O5 per bed. 
--  Individual samples assayed up to 29.1% P2O5. The average thickness of
    the main beds is 0.53m. 
--  Phosphate beds occur less than 28m below surface in JPQ-14-13 and could
    be shallowing further to the east. 
--  No faulting or structural features were observed affecting the beds,
    allowing for easy mapping of individual beds from hole to hole. 

A drill collar plan, geological cross sections and full assay results are posted on Focus' website www.focusventuresltd.com. A cross section is also given below.

David Cass, the President of Focus, said: "These initial results are exactly what we had anticipated, and the fact that the beds are closer to surface in the eastern part of the grid makes this area a high priority for infill drilling and expansion. We've cut the same multiple phosphate beds in each hole with good, consistent P2O5 grades that can be easily correlated between these initial widely spaced holes. The grades are in line with the existing world-class phosphate resources at Vale's Bayovar mine, which is 15km away from our project, and Hochschild's Fospac project. We're confident that this first phase of drilling will lead to maiden resource estimation in Q3 and we've retained Golder Associates to complete the resource work once we have the full set of drill results."

For comparison, Vale's most recent resource estimation (Source: Vale Annual Report, 2013) for its Bayovar Mine quotes Proven and Probable reserves of 415.9 million dry metric tonnes at 15.5% P2O5.

Each hole was drilled vertically to around 100m depth targeting horizontal phosphate beds within the Diana Formation, a sequence of phosphoric diatomites and sandstones approximately 40 metres thick. The depth from surface to the first phosphate seam varies from 55.1m in JPQ-14-06 in the west to 27.7m in JPQ-14-13 in the east due to the lower elevation. The phosphate beds comprise up to 40% apatite pellets, ooliths and fossil debris consisting of mainly fish teeth, bones and scales. The flat dip of the beds, continuous widths and consistent grades make this style of sedimentary phosphate deposit amenable to precision mechanized strip mining using surface miners.

Summary Table showing Assays of Main Phosphate Beds (refer also to cross section below)


---------------------------------------------------------------------------
                      Hole JPQ-  Hole JPQ-  Hole JPQ-  Hole JPQ-  Hole JPQ-
                 Ave-   14-06      14-01      14-03      14-08      14-13  
           Ave- rage ------------------------------------------------------
          rage grade  Wid-       Wid-       Wid-       Wid-       Wid-     
MAIN     width     %   th     %   th     %   th     %   th     %   th     %
BEDS        (m) P2O5   (m) P2O5   (m) P2O5   (m) P2O5   (m) P2O5   (m) P2O5
---------------------------------------------------------------------------
1         0.43  14.4 0.19 17.45  0.4 16.16 0.25 15.67 0.62 13.71  0.7 12.63
---------------------------------------------------------------------------
2         0.72  14.6 0.52 16.22  0.5 16.91 0.83 13.99 0.57 15.27 0.95 12.47
---------------------------------------------------------------------------
3         0.51  20.3 0.57 21.78 0.43  19.0  0.5 19.87  0.4 19.22 0.63 20.75
---------------------------------------------------------------------------
3A        0.37  19.7 0.35 19.25  0.3  17.3 0.15 16.05 0.56 19.72 0.51 22.43
---------------------------------------------------------------------------
4         0.52  11.1 0.48 10.14  0.5 10.62 0.63 10.87 0.57 11.74 0.44 12.07
---------------------------------------------------------------------------
5         0.58  13.3 0.73 12.15  0.8 12.58 0.45 12.17 0.43 14.54  0.5 16.07
---------------------------------------------------------------------------
6         0.44  13.3    -     - 0.28  16.5  0.7 12.65 0.62 11.93 0.16 15.82
---------------------------------------------------------------------------
6A        0.38  15.3 0.22  14.1  0.5 15.01 0.43 12.58 0.26 17.03 0.32 18.72
---------------------------------------------------------------------------
7         0.41  16.4 0.61 16.23 0.26 17.67 0.46 15.43 0.41 15.12 0.32 18.47
---------------------------------------------------------------------------
8         0.94  14.8 0.43 19.88  1.3 14.46 1.23 12.63 1.35 13.59 0.38 20.34
---------------------------------------------------------------------------
Av.      0.53m 15.1%                                                       
--------------------                                                       
Numerals in italics denote weighted composites                             

Focus' drilling has also identified disseminated phosphate in the diatomite interbeds that, when combined with the high grade beds, show significant intervals of low grade phosphate in each of the 5 holes. Intervals measuring between 28.2m and 36.7m grading 4.3% to 5.8% P2O5 were drilled. For example, Hole JPQ-14-13 returned a weighted average grade of 4.9% P2O5 over a total width of 34.5m starting at 37.9m downhole. These results are tabulated below.


---------------------------------------------------------------------------
                   Interval               %            From              To
Hole No.                 (m)           P2O5              (m)             (m)
---------------------------------------------------------------------------
JPQ-14-06              36.8             4.3            64.0           100.8
---------------------------------------------------------------------------
JPQ-14-01              28.3             5.8            69.8            98.1
---------------------------------------------------------------------------
JPQ-14-03              30.9             5.3            61.3            92.2
---------------------------------------------------------------------------
JPQ-14-08              32.3             4.8            39.6            71.9
---------------------------------------------------------------------------
JPQ-14-13              34.5             4.9            37.9            72.4
---------------------------------------------------------------------------

The potential economic significance of these broad lower grade P2O5 beds will be investigated as part of Focus' ongoing exploration.

Additional drill results will be released upon receipt of further sections. A resource definition drill program will be prepared by the Company, with Golder's input, to commence by third quarter this year.

Sampling Quality Analysis and Quality Control

Logging and sampling is undertaken at site in Bayovar under a QA/QC protocol developed by Focus. Due to the friable nature of the diatomite, the core cannot be split by diamond saw or mechanical splitter, and has to be split by hand. Once logged and sampled, the core is bagged and transported in sealed plastic drums by Focus personnel to Certimin laboratories in Lima for analysis. Phosphorous pentoxide (P2O5) and silica are determined by gravimetric methods. Major oxides are determined by ICP-OES. Certimin is a certified ISO 9001 laboratory and use standards for phosphate and silica from the Association of Fertilizer and Phosphate Chemists. Analytical accuracy and precision are monitored by the analysis of reagent blanks, reference material and replicate samples. Quality control is further assured by Focus' QA/QC program which involves the insertion by Focus personnel of blind certified standards, blanks and core duplicates 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.

To view the cross section accompanying this press release, please visit the following link: http://media3.marketwire.com/docs/946709.png

Background

The Bayovar 12 concession shows potential to host a large sedimentary phosphate deposit. The Bayovar district is situated in the Sechura Desert, a north-trending basin approximately 22,000 square kilometres in area comprising Miocene-aged sedimentary rocks. Phosphate was discovered in the 1950s during drilling for petroleum. It occurs as beds of pelletal phosphate within the Zapallal formation, a thick sequence of diatomites and sandstones. The phosphate layers are remarkably regular in P2O5 content over long distances, a typical characteristic of marine phosphate deposits. At Vale's Bayovar mine, the soft and friable nature of the phosphate rock and diatomite permits mining by conventional truck and shovel without the use of explosives.

On January 14, 2014, the Company's Peruvian subsidiary, Agrifos Peru SAC, signed a formal option agreement for the acquisition of shares in Juan Paulo Quay SAC, the titleholder of the Bayovar 12 non-metallic mining concession. Agrifos can earn a 70-per-cent interest of the issued share capital of JPQ by investing in exploration and making a series of cash payments up to the completion of a positive prefeasibility study, after which Agrifos will have the first right of refusal to purchase the remaining 30-per-cent of JPQ.

Qualified Person

The scientific and technical information in this release were prepared under the supervision of 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 National Instrument 43-101.

About Focus

Phosphate rock is a raw material for fertilizers and vital to world food production. Focus is acquiring and developing quality phosphate projects in Latin America where the discovery and development of new deposits is becoming increasingly important given the growing demand and limited local supply of phosphate for fertilizer production. For further information, please call 604-630-5544 or visit our web site www.focusventuresltd.com.

ON BEHALF OF THE BOARD

Ralph Rushton, Director & Vice-President, Corporate Development

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.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
SYS-CON Events announced today that Auditwerx will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Auditwerx specializes in SOC 1, SOC 2, and SOC 3 attestation services throughout the U.S. and Canada. As a division of Carr, Riggs & Ingram (CRI), one of the top 20 largest CPA firms nationally, you can expect the resources, skills, and experience of a much larger firm combined with the accessibility and attent...
SYS-CON Events announced today that Technologic Systems Inc., an embedded systems solutions company, will exhibit at SYS-CON's @ThingsExpo, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Technologic Systems is an embedded systems company with headquarters in Fountain Hills, Arizona. They have been in business for 32 years, helping more than 8,000 OEM customers and building over a hundred COTS products that have never been discontinued. Technologic Systems’ pr...
SYS-CON Events announced today that CA Technologies has been named “Platinum Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CA Technologies helps customers succeed in a future where every business – from apparel to energy – is being rewritten by software. From ...
SYS-CON Events announced today that HTBase will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. HTBase (Gartner 2016 Cool Vendor) delivers a Composable IT infrastructure solution architected for agility and increased efficiency. It turns compute, storage, and fabric into fluid pools of resources that are easily composed and re-composed to meet each application’s needs. With HTBase, companies can quickly prov...
Imagine having the ability to leverage all of your current technology and to be able to compose it into one resource pool. Now imagine, as your business grows, not having to deploy a complete new appliance to scale your infrastructure. Also imagine a true multi-cloud capability that allows live migration without any modification between cloud environments regardless of whether that cloud is your private cloud or your public AWS, Azure or Google instance. Now think of a world that is not locked i...
SYS-CON Events announced today that Loom Systems will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Founded in 2015, Loom Systems delivers an advanced AI solution to predict and prevent problems in the digital business. Loom stands alone in the industry as an AI analysis platform requiring no prior math knowledge from operators, leveraging the existing staff to succeed in the digital era. With offices in S...
In his session at Cloud Expo, Alan Winters, an entertainment executive/TV producer turned serial entrepreneur, will present a success story of an entrepreneur who has both suffered through and benefited from offshore development across multiple businesses: The smart choice, or how to select the right offshore development partner Warning signs, or how to minimize chances of making the wrong choice Collaboration, or how to establish the most effective work processes Budget control, or how to max...
What if you could build a web application that could support true web-scale traffic without having to ever provision or manage a single server? Sounds magical, and it is! In his session at 20th Cloud Expo, Chris Munns, Senior Developer Advocate for Serverless Applications at Amazon Web Services, will show how to build a serverless website that scales automatically using services like AWS Lambda, Amazon API Gateway, and Amazon S3. We will review several frameworks that can help you build serverle...
MongoDB Atlas leverages VPC peering for AWS, a service that allows multiple VPC networks to interact. This includes VPCs that belong to other AWS account holders. By performing cross account VPC peering, users ensure networks that host and communicate their data are secure. In his session at 20th Cloud Expo, Jay Gordon, a Developer Advocate at MongoDB, will explain how to properly architect your VPC using existing AWS tools and then peer with your MongoDB Atlas cluster. He'll discuss the secur...
Buzzword alert: Microservices and IoT at a DevOps conference? What could possibly go wrong? In this Power Panel at DevOps Summit, moderated by Jason Bloomberg, the leading expert on architecting agility for the enterprise and president of Intellyx, panelists peeled away the buzz and discuss the important architectural principles behind implementing IoT solutions for the enterprise. As remote IoT devices and sensors become increasingly intelligent, they become part of our distributed cloud enviro...
SYS-CON Events announced today that T-Mobile will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. As America's Un-carrier, T-Mobile US, Inc., is redefining the way consumers and businesses buy wireless services through leading product and service innovation. The Company's advanced nationwide 4G LTE network delivers outstanding wireless experiences to 67.4 million customers who are unwilling to compromise on ...
SYS-CON Events announced today that Infranics will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Since 2000, Infranics has developed SysMaster Suite, which is required for the stable and efficient management of ICT infrastructure. The ICT management solution developed and provided by Infranics continues to add intelligence to the ICT infrastructure through the IMC (Infra Management Cycle) based on mathemat...
Most companies are adopting or evaluating container technology - Docker in particular - to speed up application deployment, drive down cost, ease management and make application delivery more flexible overall. As with most new architectures, this dream takes a lot of work to become a reality. Even when you do get your application componentized enough and packaged properly, there are still challenges for DevOps teams to making the shift to continuous delivery and achieving that reduction in cost...
@DevOpsSummit has been named the ‘Top DevOps Influencer' by iTrend. iTrend processes millions of conversations, tweets, interactions, news articles, press releases, blog posts - and extract meaning form them and analyzes mobile and desktop software platforms used to communicate, various metadata (such as geo location), and automation tools. In overall placement, @DevOpsSummit ranked as the number one ‘DevOps Influencer' followed by @CloudExpo at third, and @MicroservicesE at 24th.
SYS-CON Events announced today that Interoute, owner-operator of one of Europe's largest networks and a global cloud services platform, has been named “Bronze Sponsor” of SYS-CON's 20th Cloud Expo, which will take place on June 6-8, 2017 at the Javits Center in New York, New York. Interoute is the owner-operator of one of Europe's largest networks and a global cloud services platform which encompasses 12 data centers, 14 virtual data centers and 31 colocation centers, with connections to 195 add...