Frontier Pacific & Solex Joint Venture Reports Drill Results from the Calvario II Prospect, Macusani Uranium Project, Peru
25 Febbraio 2008 - 3:00PM
Marketwired
VANCOUVER, BRITISH COLUMBIA ("Frontier Pacific") and Solex
Resources Corp. (TSX VENTURE: SOX) ("Solex"), (collectively the
"Venture Participants") are pleased to report results from a
completed 32-hole drill program at their Calvario II near-surface
uranium target. This drill program formed part of a 24,000-metre
program that was conducted in 2007 to test an initial seven targets
on the extensive Macusani uranium project in southern Peru.
Calvario II Results
HIGHLIGHTS
- 2m @ 3.5 lbs/ton (0.177%) U3O8 (in drillhole CII07-15)
- 2m @ 2.4 lbs/ton (0.118%) U3O8 (in drillhole CII07-11)
- 5m @ 1.0 lbs/ton (0.051%) U3O8 (in drillhole CII07-15)
- 3m @ 1.0 lbs/ton (0.051%) U3O8 (in drillhole CII07-31)
The Calvario II prospect is located 4 km west of the Calvario I
prospect and is part of the Calvario Group that consists of
prospects Calvario I, Calvario II, Calvario III and Puncopata in
the northern part of the Macusani project. A map showing the
location of the targets is available at www.frontierpacific.com and
www.solexresources.com.
Results from the 32 holes confirmed a near-surface, flat lying
ignimbrite volcanic flow containing a weighted average grade of
0.01% U3O8 (103ppm U3O8) or 0.21 pounds per ton (U3O8) over an
average stratigraphic thickness of 3.0 metres covering an area
measuring 200 metres by 150 metres in plan view. This represents
approximately 12% of the total size of the radiometric anomaly,
which measures 700 m x 350 m.
Higher-grade mineralization remains open to the north and west
within the remaining radiometric anomaly and results show good
continuity of uranium grade within the strata-bound T2 ignimbrite
volcanic flow.
Uranium mineralization found through drilling at Calvario II
occurs as several mineralogical types, disseminated between
tuffaceous fragments and within congealing fracture fillings
related to cooling of the near-surface flows. In several locations,
the favourable uraniferous ignimbrite flows appear stacked one on
top of the other and separated in most cases by barren or low grade
ignimbrites.
The application for drill permits to further define the
mineralization and potential resource at Calvario II has begun. A
follow-up drill program will be included as part of the 2008
(20,000 metres) drill program scheduled to begin during the first
quarter of 2008.
Drill results from the Calvario II Prospect
(Drillhole collar and survey information can be found at
www.frontierpacific.com and www.solexresources.com).
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From To Interval U3O8 U3O8 U3O8
Hole ID (m) (m) (m) (ppm) (%) (lbs/ton) (short)
---------------------------------------------------------------------------
CII07-01 7 8 1 131 0.013 0.260
---------------------------------------------------------------------------
CII07-01 11 13 2 232 0.023 0.460
---------------------------------------------------------------------------
CII07-01 23 24 1 330 0.033 0.660
---------------------------------------------------------------------------
CII07-01 109 110 1 137 0.014 0.270
---------------------------------------------------------------------------
CII07-02 26 37 11 66 0.007 0.130
---------------------------------------------------------------------------
CII07-03 12 13 1 218 0.022 0.440
---------------------------------------------------------------------------
CII07-03 28 29 1 103 0.010 0.210
---------------------------------------------------------------------------
CII07-04 6 7 1 104 0.010 0.210
---------------------------------------------------------------------------
CII07-04 20 21 1 170 0.017 0.340
---------------------------------------------------------------------------
CII07-04 34 35 1 133 0.013 0.270
---------------------------------------------------------------------------
CII07-05 2 3 1 78 0.008 0.160
---------------------------------------------------------------------------
CII07-06 22 24 2 63 0.006 0.130
---------------------------------------------------------------------------
CII07-07 19 26 7 60 0.006 0.120
---------------------------------------------------------------------------
CII07-08 19 23 4 75 0.008 0.150
---------------------------------------------------------------------------
CII07-09 21 22 1 151 0.015 0.300
---------------------------------------------------------------------------
CII07-09 39 40 1 101 0.010 0.200
---------------------------------------------------------------------------
CII07-10 8 9 1 753 0.075 1.510
---------------------------------------------------------------------------
CII07-10 15 16 1 292 0.029 0.580
---------------------------------------------------------------------------
CII07-10 39 45 6 103 0.010 0.210
---------------------------------------------------------------------------
CII07-11 7 9 2 1180 0.118 2.360
---------------------------------------------------------------------------
CII07-11 19 20 1 973 0.097 1.950
---------------------------------------------------------------------------
CII07-11 24 27 3 461 0.046 0.920
---------------------------------------------------------------------------
CII07-11 36 37 1 101 0.010 0.200
---------------------------------------------------------------------------
CII07-12 11 12 1 127 0.013 0.250
---------------------------------------------------------------------------
CII07-12 15 16 1 297 0.030 0.590
---------------------------------------------------------------------------
CII07-12 36 37 1 139 0.014 0.280
---------------------------------------------------------------------------
CII07-12 47 49 2 115 0.012 0.230
---------------------------------------------------------------------------
CII07-13 4 5 1 466 0.047 0.930
---------------------------------------------------------------------------
CII07-13 24 25 1 500 0.050 1.000
---------------------------------------------------------------------------
CII07-13 38 40 2 113 0.011 0.230
---------------------------------------------------------------------------
CII07-13 45 48 3 256 0.026 0.510
---------------------------------------------------------------------------
CII07-13 57 58 1 110 0.011 0.220
---------------------------------------------------------------------------
CII07-14 8 9 1 1307 0.131 2.610
---------------------------------------------------------------------------
CII07-14 47 48 1 144 0.014 0.290
---------------------------------------------------------------------------
CII07-15 10 11 1 101 0.010 0.200
---------------------------------------------------------------------------
CII07-15 18 23 5 508 0.051 1.020
---------------------------------------------------------------------------
CII07-15 26 27 1 402 0.040 0.800
---------------------------------------------------------------------------
CII07-15 30 32 2 1769 0.177 3.540
---------------------------------------------------------------------------
CII07-15 38 40 2 171 0.017 0.340
---------------------------------------------------------------------------
CII07-15 45 51 6 141 0.014 0.280
---------------------------------------------------------------------------
CII07-16 7 10 3 205 0.021 0.410
---------------------------------------------------------------------------
CII07-16 16 17 1 450 0.045 0.900
---------------------------------------------------------------------------
CII07-16 46 49 3 195 0.020 0.390
---------------------------------------------------------------------------
CII07-17 62 66 4 43 0.004 0.090
---------------------------------------------------------------------------
CII07-18 51 52 1 127 0.013 0.250
---------------------------------------------------------------------------
CII07-18 57 60 3 125 0.012 0.250
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CII07-19 51 56 5 101 0.010 0.200
---------------------------------------------------------------------------
CII07-20 54 56 2 157 0.016 0.310
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CII07-20 59 61 2 111 0.011 0.220
---------------------------------------------------------------------------
CII07-21 52 54 2 63 0.006 0.130
---------------------------------------------------------------------------
CII07-22 25 26 1 67 0.007 0.130
---------------------------------------------------------------------------
CII07-23 51 52 1 51 0.005 0.100
---------------------------------------------------------------------------
CII07-24 35 36 1 190 0.019 0.380
---------------------------------------------------------------------------
CII07-25 33 34 1 130 0.013 0.260
---------------------------------------------------------------------------
CII07-25 43 44 1 743 0.074 1.490
---------------------------------------------------------------------------
CII07-25 49 50 1 101 0.010 0.200
---------------------------------------------------------------------------
CII07-26 NSI
---------------------------------------------------------------------------
CII07-27 44 45 1 60 0.006 0.120
---------------------------------------------------------------------------
CII07-27 48 49 1 53 0.005 0.110
---------------------------------------------------------------------------
CII07-28 35 37 2 83 0.008 0.170
---------------------------------------------------------------------------
CII07-28 46 47 1 105 0.011 0.210
---------------------------------------------------------------------------
CII07-28 50 52 2 64 0.006 0.130
---------------------------------------------------------------------------
CII07-29 44 49 5 185 0.018 0.370
---------------------------------------------------------------------------
CII07-29 52 53 1 195 0.020 0.390
---------------------------------------------------------------------------
CII07-30 44 49 5 194 0.019 0.390
---------------------------------------------------------------------------
CII07-31 39 42 3 129 0.013 0.260
---------------------------------------------------------------------------
CII07-31 48 51 3 512 0.051 1.020
---------------------------------------------------------------------------
CII07-32 42 49 7 219 0.022 0.440
---------------------------------------------------------------------------
Notes:
- Lower cut-off grade equals 0.01% (or 100ppm) U3O8 for 0.200lbs/ton;
No top cut was applied
- For completeness - Holes CII07-02, CII07-05, CII07-06, CII07-07,
CII07-21, CII07-22, CII07-23, CII07-27 and CII07-28 used a lower cut-off
grade equals 0.005% (50ppm) U3O8 for 0.1lbs/ton.
Ian F. Laurent, M.Econ.Geol. MAIG (Vice President - Exploration;
Frontier Pacific) is a member of the Australian Institute of
Geoscientists, a Competent Person, responsible for the technical
content of this news release and a Qualified Person under Canadian
Securities Administrators National Instrument 43-101. Peter F.
Tegart, P.Geo, and Jonathan Challis FIMMM are Qualified Persons
under Canadian Securities Administrators National Instrument 43-101
policies, and are responsible for the contents of this news
release.
On Behalf of the Board of Directors of
FRONTIER PACIFIC MINING CORPORATION
Peter F. Tegart, P. Geo., President & CEO
On Behalf of the Board of Directors of
SOLEX RESOURCES CORP.
Jonathan Challis, President & Director
The Exchange has in no way passed upon the merits of the
proposed transactions and has neither approved nor disapproved the
contents of this press release.
This news release may contain forward-looking statements that
are based on Frontier Pacific or Solex expectations, estimates and
projections regarding its business and the economic environment in
which it operates. These statements are not guarantees of future
performance and involve risks and uncertainties that are difficult
to control or predict. Therefore, actual outcomes and results may
differ materially from those expressed in these forward-looking
statements and readers should not place undue reliance on such
statements. Statements speak only as of the date on which they are
made, and the Company undertakes no obligation to update them
publicly to reflect new information or the occurrence of future
events or circumstances, unless otherwise required to do so by
law.
The TSX Venture Exchange (the "Exchange") has not reviewed and
does not accept responsibility for the accuracy or adequacy of this
news release.
Contacts: Frontier Pacific Mining Corporation Brian Lock
Executive Vice President (604) 717-6488 (604) 717-6427 (FAX) Email:
info@frontierpacific.com Website: www.frontierpacific.com Solex
Resources Corp. Shirley Zhou Investor Relations (604) 646-7210 Ext.
103 or Toll Free: 1-877-646-4488 Email: shirley@solexresources.com
Website: www.solexresources.com
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