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.

Contacts:
Focus Ventures Ltd.
Ralph Rushton
Director & Vice-President, Corporate Development
(604) 630-5544
(604) 682-1514 (FAX)
[email protected]
www.focusventuresltd.com

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
Coca-Cola’s Google powered digital signage system lays the groundwork for a more valuable connection between Coke and its customers. Digital signs pair software with high-resolution displays so that a message can be changed instantly based on what the operator wants to communicate or sell. In their Day 3 Keynote at 21st Cloud Expo, Greg Chambers, Global Group Director, Digital Innovation, Coca-Cola, and Vidya Nagarajan, a Senior Product Manager at Google, discussed how from store operations and ...
Sanjeev Sharma Joins November 11-13, 2018 @DevOpsSummit at @CloudEXPO New York Faculty. Sanjeev Sharma is an internationally known DevOps and Cloud Transformation thought leader, technology executive, and author. Sanjeev's industry experience includes tenures as CTO, Technical Sales leader, and Cloud Architect leader. As an IBM Distinguished Engineer, Sanjeev is recognized at the highest levels of IBM's core of technical leaders.
We are seeing a major migration of enterprises applications to the cloud. As cloud and business use of real time applications accelerate, legacy networks are no longer able to architecturally support cloud adoption and deliver the performance and security required by highly distributed enterprises. These outdated solutions have become more costly and complicated to implement, install, manage, and maintain.SD-WAN offers unlimited capabilities for accessing the benefits of the cloud and Internet. ...
Without lifecycle traceability and visibility across the tool chain, stakeholders from Planning-to-Ops have limited insight and answers to who, what, when, why and how across the DevOps lifecycle. This impacts the ability to deliver high quality software at the needed velocity to drive positive business outcomes. In his general session at @DevOpsSummit at 19th Cloud Expo, Eric Robertson, General Manager at CollabNet, will discuss how customers are able to achieve a level of transparency that e...
As Cybric's Chief Technology Officer, Mike D. Kail is responsible for the strategic vision and technical direction of the platform. Prior to founding Cybric, Mike was Yahoo's CIO and SVP of Infrastructure, where he led the IT and Data Center functions for the company. He has more than 24 years of IT Operations experience with a focus on highly-scalable architectures.
Headquartered in Plainsboro, NJ, Synametrics Technologies has provided IT professionals and computer systems developers since 1997. Based on the success of their initial product offerings (WinSQL and DeltaCopy), the company continues to create and hone innovative products that help its customers get more from their computer applications, databases and infrastructure. To date, over one million users around the world have chosen Synametrics solutions to help power their accelerated business or per...
In an era of historic innovation fueled by unprecedented access to data and technology, the low cost and risk of entering new markets has leveled the playing field for business. Today, any ambitious innovator can easily introduce a new application or product that can reinvent business models and transform the client experience. In their Day 2 Keynote at 19th Cloud Expo, Mercer Rowe, IBM Vice President of Strategic Alliances, and Raejeanne Skillern, Intel Vice President of Data Center Group and ...
Founded in 2000, Chetu Inc. is a global provider of customized software development solutions and IT staff augmentation services for software technology providers. By providing clients with unparalleled niche technology expertise and industry experience, Chetu has become the premiere long-term, back-end software development partner for start-ups, SMBs, and Fortune 500 companies. Chetu is headquartered in Plantation, Florida, with thirteen offices throughout the U.S. and abroad.
Dion Hinchcliffe is an internationally recognized digital expert, bestselling book author, frequent keynote speaker, analyst, futurist, and transformation expert based in Washington, DC. He is currently Chief Strategy Officer at the industry-leading digital strategy and online community solutions firm, 7Summits.
More and more brands have jumped on the IoT bandwagon. We have an excess of wearables – activity trackers, smartwatches, smart glasses and sneakers, and more that track seemingly endless datapoints. However, most consumers have no idea what “IoT” means. Creating more wearables that track data shouldn't be the aim of brands; delivering meaningful, tangible relevance to their users should be. We're in a period in which the IoT pendulum is still swinging. Initially, it swung toward "smart for smart...
Bill Schmarzo, author of "Big Data: Understanding How Data Powers Big Business" and "Big Data MBA: Driving Business Strategies with Data Science," is responsible for setting the strategy and defining the Big Data service offerings and capabilities for EMC Global Services Big Data Practice. As the CTO for the Big Data Practice, he is responsible for working with organizations to help them identify where and how to start their big data journeys. He's written several white papers, is an avid blogge...
DXWorldEXPO LLC announced today that Dez Blanchfield joined the faculty of CloudEXPO's "10-Year Anniversary Event" which will take place on November 11-13, 2018 in New York City. Dez is a strategic leader in business and digital transformation with 25 years of experience in the IT and telecommunications industries developing strategies and implementing business initiatives. He has a breadth of expertise spanning technologies such as cloud computing, big data and analytics, cognitive computing, m...
"Venafi has a platform that allows you to manage, centralize and automate the complete life cycle of keys and certificates within the organization," explained Gina Osmond, Sr. Field Marketing Manager at Venafi, in this SYS-CON.tv interview at DevOps at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
"DivvyCloud as a company set out to help customers automate solutions to the most common cloud problems," noted Jeremy Snyder, VP of Business Development at DivvyCloud, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
As DevOps methodologies expand their reach across the enterprise, organizations face the daunting challenge of adapting related cloud strategies to ensure optimal alignment, from managing complexity to ensuring proper governance. How can culture, automation, legacy apps and even budget be reexamined to enable this ongoing shift within the modern software factory?