Gold Bag, Inc.’s Focus Gold (GBGI.OB) Acquires Two Gold and Silver Claims

By @ibtimes on

Gold Bag, Inc., operating as Focus Gold Corp., has expanded their extensive holdings in Nayarit State, Mexico. They accomplished this through the acquisition of two gold and silver claims – the San Nicolas and Santa Fe. The two properties provide increased continuity between their Huicicila and Focus 1 properties.

The 120-Hectare Santa Fe Property strategically extends the Company’s historic Miravalles Vein. Initial sampling on the Santa Fe Property has indicated more than 500 g/t AG, 5.4 percent Cu and 22.5 percent Zn.

The San Nicolas Property includes the caldera border that lies between the Huicicila and Focus 1 properties. The property totals 100 Hectares. Initial sampling indicates grades of 27 g/t AU and 2000 g/t AG in the Tiro La Luz area.

The Huicicila Project consists of five gold and silver claims totaling over 1,012 Hectares. This project was shown in Focus Gold’s recently released NI-43-101 Technical Report to be a mesothermal vein system with sample assays showing high gold and silver values in multiple veins.

The recently acquired Focus 1 property consists of 18,286 Hectares that surround the Huicicila Project to the north and east and is adjacent on the east to the caldera containing Cream Minerals’ 2560-Hectare Nuevo Milenio property.

Grant R. White, CEO, commented, “The acquisition of the Santa Fe and San Nicolas claims continues the expansion of our Nayarit State holdings. We are especially pleased to be able to acquire an extension of the Miravalles Vein at Huicicila as well as to provide more continuity between the Huicicila and Focus 1 properties through the extension of various prospective trend lines.”

For more information visit: www.focusgoldcorp.com

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