Focus Gold Corp Successfully Makes Its First Semi Annual Option Payment on Its CILA Claims in Nayarit, Mexico

(firmenpresse) - RENO, NV -- (Marketwire) -- 08/23/11 -- Focus Gold Corporation (OTCBB: FGLD) made the first of six semi annual option payments of $200,000 to Ramón Farías García on August 16th as per the terms of the exploration, exploitation and purchase option agreement for the mining lots denominated "CILA," "CILA 1," "CILA 2," "CILA 3" "and CILA 5," located in Compostela, Nayarit Mexico. The option was acquired by Focus Gold through the purchase of Fairfields Gold S.A. de CV in December 2010.

Grant White, CEO of Focus Gold, commented, "We have made significant progress exploring and developing our multiple claims in Nayarit, Mexico including the Cila claims and therefore making this initial option payment was an easy strategic decision."



Focus Gold acquires and develops gold mining projects around the world. Focus Gold's current projects include the multiple Nayarit claims with a copper-gold porphyry system in Mexico through the company's wholly owned subsidiary Focus Gold Mexico Corp., two properties in the Timmins Mining District in Canada through an option agreement with Victoria Gold, and the pending acquisition of Metallum Resources PLC, holder of exploration licenses in Northern Ireland, Republic of Ireland and Scotland through the company's wholly owned subsidiary, Focus Celtic Gold Corporation. For further information please visit .





Focus Gold Corporation
Grant White
CEO
(416) 593-8034 ext. 2115

Investor Relations:
Desert Son
(623) 465-0844

Or

Small Cap Power
Mark Thorburn
416 646-1941

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Bereitgestellt von Benutzer: MARKET WIRE
Datum: 23.08.2011 - 12:29 Uhr
Sprache: Deutsch
News-ID 58216
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RENO, NV

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Mining & Metals

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