(FCV.V | FCVLF)
Highlights
- The Nueva California project is located in mining-friendly Peru.
- The location has hosted 26 years of historical production
- Focus drilled 4 holes in Phase I, confirming historical results and showing the deposit to be open in all directions
- Option to purchase 100% for $3MM.
- Sampling by Focus returned 22 g/t Au + 119 g/t Ag over 5m.
- Simon Ridgway chairs the BOD and optioned the property to Focus from Radius Gold.
- A late 2009 PP for $6MM will more than cover the 2010 Phase II drill program.
- Drill permit for Phase 2 program received: 4000m, 2 rigs, in progress.
Share Structure (details)
Issued: 28.818 million
Warrants: 9,504,245
- 3.95 million @ 0.30 - expiry 09/21/11
- 4.75 million @ 1.00 - expiry 11/25/11
Options: 2.5 million
Fully Diluted: 40.05 million
Management: 23%
Cash position: $6.7m
Resources
Company web site
Corporate presentation
Articles by Hard Rock Analyst, Midas Letter and Bob Moriarty
Charts: Daily, Monthly, Weekly
Images
3-D Surface Plan
Underground Sampling Results
Underground Geology
Historical Underground Sampling
Geohphysics and Drill Results
Geological Model
Proposed Phase 2 Drilling
Phase 2 Drill Hole Plan
2009/2010 Timelines
Nueva California from Google Earth: 1, 2, 3, 4, 5, video |
