Wednesday, May 25, 2011
Focus Metals has more than just graphite
If we only had graphite to consider, when discussing Focus Metals, it would be a company worthy of a close look. There is much more to the story of Focus Metals as we look more closely at the entire collection of properties Focus Metals holds.
Focus Metals has another project which is known as Kwyjibo property. The Kwyjibo Property, totalling 118 mining
titles and covering 6,278 hectares, is located a
few kilometres north of Manitou Lake, Quebec
North Shore Area. It is also located 25 kilometers
east of the Quebec North Shore and Labrador
railway line and is accessible by air from Sept-Îles.
The Kwyjibo Fe-Cu-REE-(Au) mineralization system was discovered in 1993
during a follow-up of regional geochemical lake sediment anomalies.
On surface, more than ten polymetallic showings, including Josette and Malachite,
were found over a strike length of 4 kilometers at that time.
Most of the showings found on the Property consist of massive magnetite
mineralized with copper and REE. The mineralized zones consist of a variety
of minerals including magnetite, chalcopyrite, pyrite, pyrrhotite, bornite,
molybdenite, apatite, and fluorite.
The dominant REE-bearing minerals are allanite and apatite. Less abundant
REE-bearing minerals, but of economic interest, include britholite and kainosite.
With cerium (Ce) and lanthanium (La), neodymium (Nd) is the most prominent
REE and represents a 1/3 of the total REE content.
Since 1993, airborne and ground geophysics (Mag,VTEM, IP and radiometry),
stream and soil sediments geochemical surveys, prospecting and mapping, and
39 shallow drill holes totalling 5,807 meters have been done on the mineralized
zones of the Property. The Kwyjibo Fe-Cu-REE-(Au) mineralized system is still
open in many directions and some geophysical anomalies (VTEM conductors)
were not drill tested.Within the Grenville Geological Province hosts a Mesoproterozoic REE-Cu-(Au)
deposit considered as the best iron oxide copper gold (“IOCG”) exploration
target in Quebec.
I would suggest to anyone who has not yet done so, take the time to do some due diligence on Focus Metals, and I believe you will find these products will bring considerable value to the shareholders of Focus Metals. The fact that the company has these extremely attractive projects added to the fact that they have a management team that has displayed nothing short of dedication and concern to both the company and to the shareholders, brings me to the conclusion this company has enormous potential.
For those interested in taking a closer look at Focus Metals I suggest going to the company website at www.focusmetals.ca. Everyone should do their own due diligence before buying or selling stocks in any company.
For disclosure purposes I have received no compensation of any kind for this post. I do own shares in Focus Metals.
Posted by brujacman at 5/25/2011 10:40:00 AM