Focus Ventures Releases Maiden Resource Estimate for Bayovar 12 Project

Focus Ventures (TSXV:FCV) announced they it has received resource estimate for its Bayovar 12 phosphate project in northern Peru. The results show 115 MT in Indicated grading 12.37% at P2O5 and 73 MT in Inferred grading 12.44% at P2O5.

According to the press release:

The resource estimate is based on 20 boreholes drilled over 650 ha of the 12,575 ha property, at drill spacings of 800m. The resources are distributed between 13 individual soft, free digging, horizontal phosphate beds hosted within the Diana Formation, a sequence of diatomites that begin as shallow as 26m below surface. The grades and widths of individual beds are very consistent, with no evidence of faulting, and easily correlated across the drilled area. Vale is believed to be mining the same beds at its Bayovar Mine 15km to the west of Bayovar 12

David Cass, Focus president, said:

We are extremely pleased to have our first resource calculation at Bayovar 12, just 6 months after we began drilling. The tonnage we’ve outlined is significantly larger than our published conceptual target. To have more than 60% of it in the Indicated category – given the wide hole spacings – is a reflection of the consistency and continuity of the beds we’re drilling.

Click here to read the Focus Ventures Ltd (TSXV:FCV) press release