SYS-CON MEDIA Authors: Liz McMillan, Sean Houghton, Glenn Rossman, Ignacio M. Llorente, Xenia von Wedel

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
The BPM world is going through some evolution or changes where traditional business process management solutions really have nowhere to go in terms of development of the road map. In this demo at 15th Cloud Expo, Kyle Hansen, Director of Professional Services at AgilePoint, shows AgilePoint’s unique approach to dealing with this market circumstance by developing a rapid application composition or development framework.
SYS-CON Events announced today Isomorphic Software, the global leader in high-end, web-based business applications, will exhibit at SYS-CON's DevOps Summit 2015 New York, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Isomorphic Software is the global leader in high-end, web-based business applications. We develop, market, and support the SmartClient & Smart GWT HTML5/Ajax platform, combining the productivity and performance of traditional desktop software ...

ARMONK, N.Y., Nov. 20, 2014 /PRNewswire/ --  IBM (NYSE: IBM) today announced that it is bringing a greater level of control, security and flexibility to cloud-based application development and delivery with a single-tenant version of Bluemix, IBM's

"BSQUARE is in the business of selling software solutions for smart connected devices. It's obvious that IoT has moved from being a technology to being a fundamental part of business, and in the last 18 months people have said let's figure out how to do it and let's put some focus on it, " explained Dave Wagstaff, VP & Chief Architect, at BSQUARE Corporation, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
The major cloud platforms defy a simple, side-by-side analysis. Each of the major IaaS public-cloud platforms offers their own unique strengths and functionality. Options for on-site private cloud are diverse as well, and must be designed and deployed while taking existing legacy architecture and infrastructure into account. Then the reality is that most enterprises are embarking on a hybrid cloud strategy and programs. In this Power Panel at 15th Cloud Expo (http://www.CloudComputingExpo.com...
"Our premise is Docker is not enough. That's not a bad thing - we actually love Docker. At ActiveState all our products are based on open source technology and Docker is an up-and-coming piece of open source technology," explained Bart Copeland, President & CEO of ActiveState Software, in this SYS-CON.tv interview at DevOps Summit at Cloud Expo®, held Nov 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
The Internet of Things is not new. Historically, smart businesses have used its basic concept of leveraging data to drive better decision making and have capitalized on those insights to realize additional revenue opportunities. So, what has changed to make the Internet of Things one of the hottest topics in tech? In his session at @ThingsExpo, Chris Gray, Director, Embedded and Internet of Things, discussed the underlying factors that are driving the economics of intelligent systems. Discover ...
SYS-CON Events announced today that Windstream, a leading provider of advanced network and cloud communications, has been named “Silver Sponsor” of SYS-CON's 16th International Cloud Expo®, which will take place on June 9–11, 2015, at the Javits Center in New York, NY. Windstream (Nasdaq: WIN), a FORTUNE 500 and S&P 500 company, is a leading provider of advanced network communications, including cloud computing and managed services, to businesses nationwide. The company also offers broadband, p...
SYS-CON Media announced today that Aruna Ravichandran, VP of Marketing, Application Performance Management and DevOps at CA Technologies, has joined DevOps Journal’s authors. DevOps Journal is focused on this critical enterprise IT topic in the world of cloud computing. DevOps Journal brings valuable information to DevOps professionals who are transforming the way enterprise IT is done. Aruna's inaugural article "Four Essential Cultural Hacks for DevOps Newbies" discusses how to demonstrate the...
The move in recent years to cloud computing services and architectures has added significant pace to the application development and deployment environment. When enterprise IT can spin up large computing instances in just minutes, developers can also design and deploy in small time frames that were unimaginable a few years ago. The consequent move toward lean, agile, and fast development leads to the need for the development and operations sides to work very closely together. Thus, DevOps become...
Verizon Enterprise Solutions is simplifying the cloud-purchasing experience for its clients, with the launch of Verizon Cloud Marketplace, a key foundational component of the company's robust ecosystem of enterprise-class technologies. The online storefront will initially feature pre-built cloud-based services from AppDynamics, Hitachi Data Systems, Juniper Networks, PfSense and Tervela. Available globally to enterprises using Verizon Cloud, Verizon Cloud Marketplace provides a one-stop shop fo...
AppZero has announced that its award-winning application migration software is now fully qualified within the Microsoft Azure Certified program. AppZero has undergone extensive technical evaluation with Microsoft Corp., earning its designation as Microsoft Azure Certified. As a result of AppZero's work with Microsoft, customers are able to easily find, purchase and deploy AppZero from the Azure Marketplace. With just a few clicks, users have an Azure-based solution for moving applications to the...
“In the past year we've seen a lot of stabilization of WebRTC. You can now use it in production with a far greater degree of certainty. A lot of the real developments in the past year have been in things like the data channel, which will enable a whole new type of application," explained Peter Dunkley, Technical Director at Acision, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
SYS-CON Events announced today that IDenticard will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. IDenticard™ is the security division of Brady Corp (NYSE: BRC), a $1.5 billion manufacturer of identification products. We have small-company values with the strength and stability of a major corporation. IDenticard offers local sales, support and service to our customers across the United States and Canada...
SYS-CON Events announced today that AIC, a leading provider of OEM/ODM server and storage solutions, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. AIC is a leading provider of both standard OTS, off-the-shelf, and OEM/ODM server and storage solutions. With expert in-house design capabilities, validation, manufacturing and production, AIC's broad selection of products are highly flexible and are conf...