Focus Acquires Porphyry Copper-Molybdenum Project
VANCOUVER - Focus Ventures Ltd. reported the acquisition of the Aurora porphyry copper-molybdenum property located in the Department of Cusco, Peru . The property is located between 2,600 - 2,900m above sea level on the northeastern margin of the Yauri-Andahuaylas porphyry belt.
Focus can acquire 100% of the 400 hectare claim by paying US$3,525,000 and granting a 1% NSR by January 2017 . There are no expenditure commitments. In addition, Focus has staked an additional 2,300 hectares and optioned a further 800 hectares immediately to the west and south, bringing the total area controlled by Focus to 3,500 hectares.
The presence of porphyry Cu-Mo mineralization at Aurora was confirmed by two small drilling campaigns undertaken by different companies in 2001 and 2005. Twelve holes (3,900m) drilled over an area approximately 1,200m by 800m cut significant intervals of Cu and Mo mineralization in both porphyry intrusive and hornfelsed wall rocks. Several holes were stopped in good mineralization with copper grades strengthening towards the bottom of the hole. For example, the final 56.1m of hole ABC-5 graded 0.72% Cu (to 289.1m) and hole ABC-2 ended in 0.8% Cu and 0.08% Mo (EOH 406m). DDA-3A assayed 0.7% Cu for the last 71.7m to the end of hole at 297.7m.
Holes ABC-4, DDA-02 & DDA-03 were drilled too shallow to intercept intrusive rocks and remained in silicified and biotized hornfels but nevertheless showed appreciable copper mineralization associated with secondary chalcocite within a fracture/fault zones and hydrothermal breccias. For example, hole DDA-3 graded 141.8m @ 0.5% Cu and 0.039% Mo from 18m downhole to the end of the hole which finished at 159.8m in mineralization.