Focus Metals Acquires 65 Mining Claims in Southwestern Quebec
12 Enero 2012 - 8:56AM
Marketwired
Mr. Gary Economo, President and Chief Executive Officer, Focus
Metals Inc. (TSX VENTURE:FMS)(OTCQX:FCSMF)(FRANKFURT:FKC) (the
"Company") is pleased to announce the acquisition of 65 mining
claims in southwestern Quebec.
The claims, located on five properties are all natural flake
graphite prospects including a past producing property. All claims
are located in the Gatineau - Bois Franc area.
Past exploration work reported the prospects are hosted in
quartzite or quartzo-feldspathic gneiss and consist of graphitic
gneiss, massive graphite veins and veinlets or disseminated
graphite in quartzite. Graphite flakes are large to medium
size.
In consideration for the purchase of the 65 claims, the Company
agrees to pay the vendors a total of CDN $60,000 cash and, subject
to TSX Venture Exchange approval, issue the vendors 100,000 common
shares in the capital of the Company.
The purchase agreement also provides the Company with a right of
first refusal to purchase any exploration and/or mining permits,
leases, rights, claims subsequently acquired within the area by the
vendors.
On September 9, 2011, the Company purchased some 200 mining
claims located in the Province of Quebec.
Combined, the purchase of the 265 strategically-located claims
are in line with the Company's previously stated intention of
expanding its property portfolio.
Mr. Tony Brisson, P. Geo., Vice-President, Exploration, Focus
Metals Inc., a Qualified Person as defined by NI 43-101 is
responsible for the technical information contained in this news
release.
About Focus Metals Inc.
Focus Metals Inc. is an emerging mid-tier junior mining company,
a technology solutions supplier and a business innovator. It is the
owner of the highest-grade (16%) technology graphite resource in
the world. The company's goal is to assume a dominant industry
leadership position by becoming the lowest-cost producer of
technology-grade graphite. As a technology-oriented enterprise with
a view to building long-term, sustainable shareholder value, Focus
Metals is invested in the development of graphene applications and
patents through Grafoid Inc.
Forward-Looking Statements
This News Release may contain or refer to "forward-looking
statements" which reflect Management's expectations regarding the
Company's future growth, results of operations, performance and
business prospects and opportunities. These statements reflect
Management's current beliefs at the time of this news release and
are based on information currently available to Management. All
statements other than statements of historical fact, included in
this release, including, without limitation, statements regarding
potential mineralization and reserves, exploration results, and
future plans and objectives of the Company, are forward-looking
statements that involve various risks and uncertainties. There can
be no assurance that such statements will prove to be accurate and
actual results and future events could differ materially from those
anticipated in such statements. Important factors that could cause
actual results to differ materially from Management's expectations
are exploration risks detailed herein and from time to time in the
filings made by the Company with securities regulators. While the
Company anticipates that subsequent events and developments may
cause its views to change, it specifically disclaims any obligation
to update these forward-looking statements, except in accordance
with applicable securities laws. Accordingly, readers are advised
not to place undue reliance on forward-looking information.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Gary Economo President and Chief Executive Officer
613-691-1091 ext. 101
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