Peregrine Zinc Property Geochemical Anomaly Length Doubles and Remains Open, Minfocus investigates Canadian Securities Exchange listing, Minfocus shares trade again.
Peregrine Zinc Property Geochemical Anomaly Length Doubles and Remains
Open, Minfocus investigates Canadian Securities Exchange listing, Minfocus
shares trade again.
December 22, 2017 - Minfocus Exploration Corp. (TSX-V: MFX) (“Minfocus”) is pleased to announce that
geochemical soil samples collected from the Peregrine Zinc Property during the most recent fieldwork in
October 2017 have indicated that the zinc anomaly extends over a 1.5 km length and is still open ended.
More results of October 2017 Program at Peregrine Zinc Project
The analytical results from additional soil samples collected in October at the Peregrine Zinc Property indicate
that the zinc soil anomaly extends over 1,500 metres, west -southwest along strike from the area that was
reported previously to have four samples with values ranging from 13.0% up to 35.9% Zinc as announced
in Minfocus’ press release of September 12 th, 2017. The soil sampling extended through the area where old
adits and shafts have been located and beyond them to the west to the limit of sampling. As reported in the
press release dated December 13th 2017, seven samples collected from the rock dump adjacent to the collapsed
shaft collar yielded values ranging from 0.02% Zinc and 0.105% Lead up to 8.97% Zinc and 1.72% Lead in
brecciated dolostone with abundant dark, iron -rich sphalerite forming much of the matrix between the
fragments of dolomite. Several of the soil samples gave values for zinc, lead and silver which were above the
maximum detection limit for the analytical method used by Activation Laboratories Ltd. Those samples, with
values of more than 10,000 ppm (1%) zinc, 5,000 ppm (0 .5%) lead and 100 ppm ( 3.2 oz/t) silver have been
resubmitted for analysis by a method suitable for high grade material.
The results reported above and in previous press releases mentioned above are not necessarily representative
of the mineralization hosted on the property. For more information on the Peregrine property, including an
updated soil geochemical anomaly map, pictures of the adits, collapsed shaft and mineralization, visit the
Company website at www.minfocus.com
The Peregrine property is located in southeastern British Columbia at relatively low elevations and accessible
by old logging access roads and trails. A high voltage power line passes within 10 kilometres of the property.
Trading halt lifted
The Board of Directors of Minfocus met to investigate listing the Company’s shares for trading on the
Canadian Securities Exchange (“CSE”). Subject to acceptance for listing on the CSE and all necessary
regulatory approvals, the Company would then delist its shares from the TSX Venture Exchange. In the
interim, the common shares of the Company will continue to trade on the TSX Venture Exchange.
About Minfocus Exploration Corp.
Minfocus Exploration Corp. is a Canadian company currently advancing a portfolio of base metal projects including
zinc and nickel projects in British Columbia and a Platinum Group Element (“PGE”) rich nickel project in N.W.
Ontario. Minfocus has a successful management group with a record of multiple discoveries of deposits worldwide,
including gold and ura nium deposits in Mongolia and PGE -rich resources in Ontario, including the discovery of the
first Platinum-rich Pt-Pd-Cu-Ni deposit in the Midcontinent Rift, the Current Lake deposit (+700,000 oz. Pt -Eq).
For further information, please contact:
Gerald Harper
President & Chief Executive Officer
Phone: (416) 232-0025
The Qualified Person who has reviewed and approved the technical content contained in this release is Dr. Gerald Harper,
P.Geo.(Ont), a director of Minfocus.
Neither the TSX Venture Exchange nor its Regulatory Services Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this press release.
This press release includes certain forward -looking statements concerning the future performance of the Company’s business and
operations as well as management’s objectives, strategies, beliefs and intentions. Forward -looking statements are often identifiable
by the use of words such as “may”, “will”, “might”, “would”, “plan”, “believe”, “expect”, “anticipate”, “intend”, “estimate”,
“scheduled”, “forecasts” and similar expressions or variations (including negative variations) of such words and phrases. Forward-
looking statements are based on the current opinions and expectatio ns of management, and are subject to a number of risks and
uncertainties that may cause actual results, performance or achievements of the Company to be materially different from those
currently anticipated by such statements. Factors that could cause act ual results or events to differ materially from current
expectations include, among other things, the possibility that future exploration results will not be consistent with the Com pany’s
expectations, fluctuating commodity prices, delays in commencing the Company’s proposed drilling program, exploration costs
varying significantly from estimates, the availability of financing, and other risks identified in the Company’s documents filed with the
Canadian securities regulatory authorities at www.sedar.com. Any forward-looking statement speaks only of the date on which it is
made, and except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update a ny
forward-looking statement.