Yesterday, Focus Gold Corp. announced that the Company further expanded their holdings in the historic mining municipality of Compostela, Nayarit State, Mexico. They accomplished this by acquiring an additional claim totaling approximately 2,367 hectares (Focus 3).
Focus 3 borders to the south of Focus Gold Corp.’s previously acquired Focus 1 Claim. With this acquisition, the Company’s land holdings in Nayarit now exceed 31,000 hectares in total, with most of it contiguous.
Their Focus 1 claim surrounds the Huicicila Project to the north and east. Focus 1 is adjacent on the east to the caldera containing Cream Minerals’ 2560-Hectare Nuevo Milenio property. Several structures with mineralization of gold, silver, copper and iron have undergone identification in veins and dikes in the Focus 1 claim’s El Salto mineralized area. This area lies adjacent to Nuevo Milenio and southeast of the San Juan and Cerro Alto volcanoes.
Furthermore, disseminated mineralization has been identified on and within the borders of the caldera. It is similar to those found in the Caldera del Nayar. This indicates a very high possibility of a large mineralized deposit discovery.
Headquartered in New York, New York, Focus Gold Corp. engages in the acquisition and development of gold mining properties worldwide. The Company’s projects include the multiple Nayarit claims in Mexico through their wholly owned subsidiary Focus Gold Mexico Corp.
Their projects also include two properties in the Timmins Mining District in Canada via an option agreement with Victoria Gold. In addition, their projects include the pending acquisition of Metallum Resources PLC, holder of exploration licenses in Northern Ireland, Republic of Ireland and Scotland through Focus Gold Corp.’s wholly owned subsidiary, Focus Celtic Gold Corporation.
Focus Gold Corp. looks for geographic diversification across their portfolio. Their assets must be in safe governmental jurisdictions worldwide. The Company looks for assets ranging from grass roots exploration to near production.
For more information visit: www.focusgoldcorp.com