UPDATE: Focus Provides Mexico Exploration Update; Stock Rise 3%, Hits Day Lows
Focus Ventures Ltd. (FCV.V) today provided 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, Focus believes that it will be possible to test several zones within individual drill holes.
FCV went up by nearly 3% to $0.185 but has hit day lows.
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