TORONTO, ONTARIO -- (Marketwire) -- 03/12/13 -- Minfocus Exploration Corp. (TSX VENTURE: MFX) ("Minfocus") has received additional assay results from its recently completed program of diamond drilling on the Chief Peter Property, which confirmed near surface sample intervals of 4.0 to 5.0 meters with greater than 2.0 g/tonne combined Platinum and Palladium and greater than 0.50% copper. The Chief Peter Property, under option by Minfocus to earn a 100% interest, is located in Northwest Ontario very close to the Provincial Highway No. 11, powerlines and the parallel CN rail line between Thunder Bay and Atikokan.
Minfocus President, Gerald Harper, observed, "I am very encouraged by the grade of these initial platinum and palladium results that show the consistency of grade of the zone from surface to a depth of 50 metres, as well as, the favourable ratio of platinum to palladium exhibited by all the sampling.
The recently completed 750 metre diamond drilling programme comprised six holes in three fences at 100 metre spacing, the first four of which intersected a gabbro body with disseminated chalcopyrite and pyrrhotite. Assay results have been received for all sample intervals taken for holes CP13-01 and CP13-02. Sample intervals with grades greater than 1.0 gram per tonne 3E (platinum + palladium + gold) are:
Chief Peter Sample Interval Assay Results (greater than 1.0 g/tonne 3E)----------------------------------------------------------------------------Hole # Core From To Length 3E Pt Pd Au Cu Ni (m) (m) (m) (g/t) (g/t) (g/t) (g/t) % %----------------------------------------------------------------------------CP13-01 41.10 45.10 4.00 2.39 1.06 1.27 0.06 0.54 0.22----------------------------------------------------------------------------CP13-02 48.96 53.96 5.00 2.34 1.20 1.08 0.06 0.61 0.14----------------------------------------------------------------------------3E = (Pt + Pd + Au); g/t=grams per tonne; All samples were analysed byActivation Laboratories Ltd., Thunder Bay, Ontario
Hole CP13-01 was drilled at a dip angle of -42 degrees at an azimuth of 145 degrees. Hole CP13-02 was drilled from the same collar position in the same direction at a dip of -53 degrees. The lengths of intervals reported are core lengths not true widths of the mineralized zone. Lower grade mineralization was encountered either side of the reported intervals, to the limits of the width of the gabbro zone in the core. Assay results are awaited for the other drill holes.
These holes, CP13-01 and CP13-02, were drilled underneath an historic trench which was resampled in 2011 by Minfocus by sawn channel sampling. The resampling of this trench yielded:
Chief Peter Trench 2011 Sampling (greater than 1.0 g/tonne 3E)----------------------------------------------------------------------------Trench No. Length (m) 3E (g/t) Pt (g/t) Pd (g/t) Au (g/t) Cu % Ni %----------------------------------------------------------------------------Six 3.00 2.15 0.82 1.24 0.09 0.58 0.13----------------------------------------------------------------------------Sample intervals with grades greater than 1.0 gram per tonne 3E
