interesting NEWS!Focus Stakes Phosphate Claims in central Peru
Jan. 18, 2011 (Canada NewsWire Group) --
VANCOUVER, Jan. 18 /CNW/ - Focus Ventures Ltd. (TSX-V: FCV.V) is pleasedto announce that it has staked a large property package prospective forphosphates near the towns of Tarma and La Oroya in central Peru,roughly 200km east of Lima.
During the course of ongoing property evaluations for precious and basemetals, the Company identified an opportunity to acquire a landposition in central Peru covering the trend of the phosphate-bearingAramachay Formation, a Jurassic-aged sedimentary unit.
A number of old geological reports written in the early 1960's for theCerro de Pasco Corporation, highlighted numerous phosphate occurrencesin the Tarma-La Oroya region hosted within the Aramachay Formation.Stonegate Agricom's (TSX: ST) Mantoro phosphate deposit near Sincos ishosted by the same unit, approximately 30km to the south-east. To date,Stonegate has outlined measured and indicated resources of 39.5Mt @ 10%P2O5 and inferred resources of 376.3Mt @ 9% P2O5 (See "Technical Report on Mantoro Phosphate Deposit, Junin District,Peru, March 2, 2010"of Stonegate on www.sedar.com)
Phosphates are an essential component of many fertilizers. The price ofphosphate rock concentrate was $155-165/t for 31-33% P2O5 as of January 6, 2011, and has risen by nearly 25% in the last yearreflecting the growing global demand for fertilizer. Given thisincrease in demand, and Focus's presence on the ground in Peru, theCompany made applications for 26 concessions covering roughly 16,600hectares, now known as the Machay Property. Sixteen of the concessionshave been granted, and the other 10 are pending registration. A mapshowing the concessions will be available shortly on Focus' website at www.focusventuresltd.com.
As fertilizers are not a key part of Focus's business strategy, a jointventure partner will be sought to explore the phosphate potential ofthe claims package. The claims are strategically located close to theLa Oroya metallurgical complex, a potential source of sulphuric acidfor fertilizer production.
Qualified Person
The scientific and technical information in this release was preparedunder the supervision of Mr. David Cass, Focus's President, who is amember of the Association of Professional Engineers and Geoscientistsof British Columbia, and a "Qualified Person" in accordance with NI43-101.
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 orun-tested gold and silver properties that show potential to become newmines. For further information, please call 604-688-5288 or visit ourweb site www.focusventuresltd.com.