Minfocus Appoints Richard Bedell to Advisory Board and Provides Nevada Rose Project Update
TSX.V: MFX
MINFOCUS APPOINTS RICHARD BEDELL TO ADVISORY BOARD
AND PROVIDES NEVADA ROSE PROJECT UPDATE
September 11, 2020 - Vancouver, B.C., Minfocus Exploration Corp. (TSX.V: MFX) (“Minfocus” or
the “Company”) is pleased to announce that Richard L. Bedell has joined the Company’s Technical
Advisory Board.
Mr. Bedell is a geologist with nearly 40 years of experience in international mineral exploration
and mine-finding, with a strong geologic focus in Nevada, USA. Most recently, he was co-founder,
Director, Technical Consultant, and past President of Renaissance Gold Inc., an exploration
company focused on the Great Basin, which merged recently with EVRIM Resources Corp. to
create Orogen Royalties Inc. Prior to Renaissance Gold, Mr. Bedell co-founded AuEx Ventures Inc.
(“AuEx”), serving as D irector and Executive Vice President while AuEx conducted its successful
exploration on the Long Canyon Deposit in Nevada, ultimately merging with Fronteer Gold Inc.
Mr. Bedell was a senior geologist with Homestake Mining Company’s global target selection team,
and also worked with majors, including BP Minerals and Rio Tinto.
Mr. Bedell is a recognized expert in remote sensing and geo -spatial technologies and held an
adjunct faculty position in Exploration Geophysics at the Mackay School of Earth Sciences &
Engineering, University Nevada , Reno. He currently advises NASA’s Jet Propulsion Lab in
developing the next generation of Earth- observing satellites and has worked for the European
Space Agency on geologic applications of radar.
Mr. Bedell graduated with a B.A. from the School of Natural Science, in Sciences & Mathematics,
Hampshire College, holds a Master of Science in Economic Geology from the University of Toronto
and a Master of Science degree in Remote Sensing and GIS from the University of London, UK.
Mr. Bedell is a Certified Professional Geologist (CPG) with the Society for Mining, Metallurgy, and
Exploration and is also a Fellow of the Society of Economic Geologists, a member of the American
Exploration and Mining Association and the Geological Society of America, as well as a founding
member of the Geologic Remote Sensing Group. He is a p ast President and Director of the
Geological Society of Nevada and past board member of the Society of Economic Geologists
Foundation.
Mr. Bedell stated, “I am very pleased to be working on the Nevada Rose Project with Minfocus's
motivated and experienced team. Their fresh technical approach and expertise in carbonate
exploration is adding significant new insight into the project . My experience in Nevada geology
complements the team’s skill set as does my familiarity with the project, which I first visited as
part of a regional sampling program during my time with Homestake”.
Alicia Milne, President and CEO of Minfocus commented, “At AuEx, as a cofounder Richard was
part of the team that reinterpreted the geology that resulted in highly material initial drilling
results at Long Canyon, subsequently acquired and incorporated for development by Newmont.
Richard was also President of Renaissance Gold when acquisiti on of the Silicon Project occurred
and led to the exciting new discovery near Beatty Nevada that resulted in a recent purchase by
Anglo-Gold Ashanti for cash and royalty. We are excited to welcome someone of Richard’s calibre
and with unmatched technical expertise in Nevada gold exploration to our Technical Advisory
Board.”
Nevada Rose Project Update
The Nevada Rose Project is situated about 145 kilometres (km) SSE of Carlin, NV and roughly 370
km NNE of Las Vegas, NV, towards the southerly intersection of the Battle Mountain-Eureka and
Independence-Eureka Trends, approximately 12 km SW of the Ruby Hill mining district near
Eureka City. Minfocus is targeting a precious-metals system striking over a one -kilometre length
on the edge of the pediment, which comprises previously identified silver -rich zones within a
larger zoned precious metal system. The host rock is a sequence of Silurian dolostone overlain
by Devonian limestones that dips gently east toward pediment cover.
Regional mapping by Homestake Mining in the 1990s identified aerially extensive bedded and
high-angled (structurally emplaced) jasperoid. These 79 samples averaged 180 grams per tonne
(g/t) silver (5.2 ounces per tonne (oz/t) Ag) with no appreciable gold and with individual assays of
up to 2,050 g/t silver (60 oz/t Ag). Zones of zebra -textured dolomite associated with dissolution
collapse breccia carry more than 30 g/t (over one oz/t) Ag su ggesting targets that should yield
thicker zones containing multiple ounces of silver when the core jasperoid is added.
Anomalous gold mineralization has, in addition, been identified in two locations on the Nevada
Rose property. Multiple samples from a bleached zone 200 m wide dipping under the pediment,
returned over 100 parts per billion (ppb) gold. More recent work showed a strong gold zonation
toward the pediment coincident with high zinc values. A shear zone on the edge of the pediment
assayed at 0.58 g/t Au (0.02 oz/t Au) and 380 g/t Ag (11 oz/t Ag). In 2007, a reverse circulation
(RC) drill program in the zone by Piedmont Mining intercepted six metres (20 feet) of 0.91 g/t Au
and 3.4 g/t Ag. Another RC drill hole in the same zone intercepted 44 metres (144 feet) of 0.26
g/t Au and 3.1 g/t Ag. Mineralization in the latter RC drill hole remains open. A second zone
approximately 850 metres to the north produced a gold assay of 0.4 g/t. Historic data indicate
the presence of a mineralizing system with disseminated gold in addition to the multi-ounce silver
showings that dominate the property near surface.
The Nevada Rose has not been the subject of recent systematic exploration and past work had
not evaluated the identified targets near to the historic workings or the areas of jasperoid which
host bonanza grade silver. Minfocus plans to undertake a compilation and evaluation of regional
and historic data.
Potential drill targets include the intersection of bedded and steeply emplaced structural
jasperoids running multi-ounce silver as well as collapse breccias running multi-ounce silver. The
lower-grade anomalous gold zones , with multiple samples running hundreds of ppb gold, also
require further testing. The shallow dip of surroundi ng rock units may indicate favourable host
rock units at modest depths.
Grant of Stock Options
Pursuant to its stock option plan and subject to the approval of the TSX Venture Exchange ,
Minfocus has granted stock options to directors, officers and consultants of the C ompany to
purchase an aggregate of 1,304,286 common shares in the capital of the Company at an exercise
price of $0.07 per share until September 10, 2025.
About Minfocus Exploration Corp.
Minfocus is a Canadian mineral exploration company currently advancing a portfolio of North
American precious and base metals projects, including precious metals in Nevada, USA and three
Mississippi Valley -type zinc projects in B .C. and N ewfoundland, Canada. Minfocus is led by a
highly experienced technical team with a track record of successful exploration worldwide.
FOR FURTHER INFORMATION PLEASE CONTACT:
Alicia Milne, President and Director
Telephone: 1 (800) 482-7560
E-mail: [email protected]
Qualified Person
The qualified person who has reviewed and approved the technical content contained in this
release is Dr. Graham C. Wilson, P.Geo (Ontario), a Director of the Company.
Forward-Looking Statement
This news release may include certain statements that may be deemed “forward-looking statements”. All
statements in this release, other than statements of historical facts including, without limitation,
statements regardi ng potential mineralization, historic production, estimation of mineral resources,
interpretation of prior exploration and potential exploration results, the timing and success of exploration
activities generally, availability of capital, government regulation of exploration operations, environmental
risks, reclamation, title, and future plans and objectives of MInfocus are forward-looking statements that
involve various risks and uncertainties. Although MInfocus believes the expectations expressed in such
forward-looking statements are based on reasonable assumptions, such statements are not guarantees of
future performance and actual results or developments may differ materially from those in the forward-
looking statements. Forward -looking statements are based on a number of material factors and
assumptions. Factors that could cause actual results to differ materially from those in forward -looking
statements include failure to obtain necessary approvals, unsuccessful exploration results, changes in
project parameters as plans continue to be refined, results of future resource estimates, future metal
prices, availability of capital and financing on acceptable terms, general economic, market or business
conditions, risks associated with regulatory changes, defects in title, availability of personnel, materials
and equipment on a timely basis, accidents or equipment breakdowns, uninsured risks, delays in receiving
government approvals, unanticipated environmental impa cts on operations and costs to remedy same,
and other exploration or other risks detailed herein and from time to time in the filings made by the
companies with securities regulators. Readers are cautioned that mineral resources that are not mineral
reserves do not have demonstrated economic viability. Mineral exploration and development of mines is
an inherently risky business. Accordingly, the actual events may differ materially from those projected in
the forward-looking statements. For more information on MInfocus and the risks and challenges of their
businesses, investors should review their annual filings that are available at www.sedar.com.
Neither the 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.