Toronto, ON (FSCwire) - Minfocus Exploration Corp. (TSX-V: MFX) (“Minfocus”) is pleased to announce that geochemical soil samples collected from the Peregrine Zinc Property during the most recent fieldwork in October 2017 have indicated that the zinc anomaly extends over a 1.5 km length and is still open ended.
More results of October 2017 Program at Peregrine Zinc Project
The analytical results from additional soil samples collected in October at the Peregrine Zinc Property indicate that the zinc soil anomaly extends over 1,500 metres, west-southwest along strike from the area that was reported previously to have four samples with values ranging from 13.0% up to 35.9% Zinc as announced in Minfocus’ press release of September 12th, 2017. The soil sampling extended through the area where old adits and shafts have been located and beyond them to the west to the limit of sampling. As reported in the press release dated December 13th, 2017, seven samples collected from the rock dump adjacent to the collapsed shaft collar yielded values ranging from 0.02% Zinc and 0.105% Lead up to 8.97% Zinc and 1.72% Lead in brecciated dolostone with abundant dark, iron-rich sphalerite forming much of the matrix between the fragments of dolomite. Several of the soil samples gave values for zinc, lead and silver which were above the maximum detection limit for the analytical method used by Activation Laboratories Ltd. Those samples with values of more than 10,000 ppm (1%) zinc, 5,000 ppm (0.5%) lead and 100 ppm (3.2 oz/t) silver have been resubmitted for analysis by a method suitable for high grade material.
The results reported above and in previous press releases mentioned above are not necessarily representative of the mineralization hosted on the property. For more information on the Peregrine property, including an updated soil geochemical anomaly map, pictures of the adits, collapsed shaft and mineralization, visit the Company website at www.minfocus.com
The Peregrine property is located in southeastern British Columbia at relatively low elevations and accessible by old logging access roads and trails. A high voltage power line passes within 10 kilometres of the property.
Trading Halt Lifted
The Board of Directors of Minfocus met to consider a proposal to investigate listing the Company’s shares for trading on the Canadian Securities Exchange (“CSE”). Subject to acceptance for listing on the CSE and all necessary regulatory approvals, the Company would then delist its shares from the TSX Venture Exchange. In the interim, the common shares of the Company will continue to trade on the TSX Venture Exchange.
About Minfocus Exploration Corp.
Minfocus Exploration Corp. is a Canadian company currently advancing a portfolio of base metal projects including zinc and nickel projects in British Columbia and a Platinum Group Element (“PGE”) rich nickel project in N.W. Ontario. Minfocus has a successful management group with a record of multiple discoveries of deposits worldwide, including gold and uranium deposits in Mongolia and PGE-rich resources in Ontario, including the discovery of the first Platinum-rich Pt-Pd-Cu-Ni deposit in the Midcontinent Rift, the Current Lake deposit (+700,000 oz. Pt-Eq).
