Focus Applies for Phosphate Claims in Colombia
29 Luglio 2013 - 2:30PM
Marketwired Canada
Focus Ventures Ltd. (TSX VENTURE:FCV) is pleased to announce that its Colombian
partner has submitted applications to acquire 44,500 hectares of non-metallic
mining claims over rocks prospective for phosphate mineralization. Focus can
acquire the claims under the terms of a Strategic Agreement announced previously
(see company press release January 17th, 2013).
Focus's partner applied for claims covering areas of prospective geology and
phosphate showings in the departments of Boyaca and Huila after the Colombian
National Mining Agency lifted its moratorium on new claim applications. The
areas were identified after regional reconnaissance and sampling by Focus,
including work along the strike extension of the Company's high-grade Maria
Luisa phosphate project.
Through its subsidiary, Agrifos Colombia Corp., Focus will have the option to
acquire a 100% interest in those granted claims from its Colombian partner under
the same terms as its Maria Luisa option which was announced in January.
Management anticipates that it will be several months before the Company is
notified by the authorities about the success of the applications.
Focus and Phosphates
Focus, through its subsidiary, Agrifos, is acquiring and developing quality
phosphate projects in Latin America where the discovery and development of new
deposits is becoming increasingly important given the expanding agricultural
industry and limited local supply of phosphate for fertilizer production.
In May 2013 Focus signed a Letter of Intent with Stonegate Agricom Ltd. whereby
Focus has the right to acquire, subject to successful due diligence, a 70%
interest in the Mantaro phosphate deposit in Peru. Other projects acquired
include the Machay and Quebranta properties, also in Peru, and the Maria Luisa
phosphate project in the Department of Boyaca, Colombia.
Phosphate is a key nutrient used in the manufacture of fertilizers, and demand
is increasing due to the world's growing population, less availability of arable
land and the need for higher crop yields.
Qualified Person
The scientific and technical information in this release was prepared for Focus
under the supervision of Mr. 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 NI 43-101. Mr. Cass has reviewed and
approved this release.
For further information, please call 604-688-5288 or visit our website
www.focusventuresltd.com.
ON BEHALF OF THE BOARD
David Cass, President
Symbol: (TSX VENTURE:FCV)
Shares Issued: 40.1-million
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 statements.
FOR FURTHER INFORMATION PLEASE CONTACT:
Focus Ventures Ltd.
Ralph Rushton
(604) 688-5288
(604) 682-1514 (FAX)
info@focusventuresltd.com
www.focusventuresltd.com
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