Focus Relinquishes Mantaro Option
17 März 2014 - 1:30PM
Marketwired Canada
Focus Ventures Ltd. (TSX VENTURE:FCV) announces that it has terminated its
option with Stonegate Agricom Ltd. ("Stonegate") (TSX: ST, ST.WT.A) to earn a
70% interest in the Mantaro phosphate deposit, located 250 km east of Lima in
the District of Junin, central Peru. Details of Focus' exclusive right and
option were announced in a joint news release dated October 25, 2013.
"We would like to thank Stonegate for giving us the opportunity to look at their
Mantaro project," stated David Cass, President of Focus. "All of our recent
exploration efforts have been directed at the Bayovar 12 concession near the
coast in northwest Peru, which has rapidly become our highest priority project.
With drilling underway at Bayovar 12, we've reluctantly taken the decision to
relinquish the Mantaro option to allow our exploration team to focus 100% of its
time on Bayovar 12. We wish the Stonegate team the best of luck in their efforts
at Mantaro."
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
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 contains 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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Focus Ventures Ltd.
Ralph Rushton
(604) 630-5544
(604) 682-1514 (FAX)
info@focusventuresltd.com
www.focusventuresltd.com
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