Focus Relinquishes Mantaro Option
March 17 2014 - 7:30AM
Marketwired
Focus Relinquishes Mantaro Option
VANCOUVER, CANADA--(Marketwired - Mar 17, 2014) - 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.
Focus Ventures Ltd.Ralph Rushton(604) 630-5544(604)
682-1514info@focusventuresltd.comwww.focusventuresltd.com
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