Southern Andes Energy Inc.

Published : January 14th, 2008

and Frontier Pacific Confirm Earn-In and Proposes 2008 Exploration Budget at Macusani East

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Frontier Pacific Completes its Earn-In to Solex���s Macusani Uranium Project; Proposes 2008 Exploration Budget

January 14th, 2008 ��� Vancouver, B.C.: Frontier Pacific Mining Corporation (TSX-V: FRP) (���Frontier Pacific���) and Solex Resources Corp. (TSX-V: SOX) (���Solex���) (collectively the ���joint venture partners���) are pleased to confirm that Frontier Pacific has earned a 50% interest in Solex���s Macusani uranium project ahead of schedule.�� The joint venture estimates that the 2008 exploration expenditures on the project will be approximately $5.5-million.

The Macusani joint ventured project will now be held in a Peruvian joint venture management company in which share ownership will be held 50% by each of the joint venture partners.�� Both ownership interests will be equally represented at the Board level of the new company, with the Board governing all of the company���s business activities.�� Frontier Pacific will continue as the operator of the new company.��

The joint venture partners are currently completing the first National Instrument 43-101-compliant resource calculation on the results from a completed 24,000-metre drill program on an initial seven targets at the Macusani project.�� Additionally, metallurgical column testing is underway at Lakefield Research in Ontario on a 450 kilogram sample of drill core from the Calvario I, Calvario III and Sayana Central uranium resource targets. The national Instrument 43-101 report is due in the first quarter of 2008.

For the first six months of 2008, the joint venture partners are projecting an exploration budget of $4-million with two drills to be active on the project.�� The first drill will be dedicated to expanding the initial targets drilled in 2007 and the second drill will be used to test 10 new targets generated during the same period.�� Since July 2007, the Macusani Joint Venture has been funded equally by both companies.

Both companies are confident that 2008 will be the year in which the Macusani project will be advanced from an exploration stage to a resource definition stage.�� Additional exploration objectives will include expanding the exploration horizon within the joint venture concession area with a view to defining new target areas.

The Macusani joint ventured project consists of a total of 67 claims, covering 45,000 hectares in the Macusani Uranium District located in the Puno Department of southeastern Peru.�� This project represents the largest landholdings in the developing Macusani Uranium district.

On Behalf of the Board of Directors of

FRONTIER PACIFIC MINING CORPORATION

Per: ���Peter F. Tegart��

Peter F. Tegart, P. Geo., President & CEO

 

On Behalf of the Board of Directors of

SOLEX RESOURCES CORP.

Per: ���Jonathan Challis��

Jonathan Challis, President & Director


The TSX Venture Exchange (the "Exchange") has not reviewed and does not accept responsibility for the accuracy or adequacy of this news release. The Exchange has in no way passed upon the merits of the proposed transaction 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.

FOR FURTHER INFORMATION:

Shirley Zhou
Investor Relations
Tel:
�� (604) 646-7210 Ext. 103
Cell: 778-899-8031
Toll Free:
�� 1 (877) 646-4488
Email:
�� shirley@solexresources.com
Website:
�� www.solexresources.com

 

 


cvent.com - Reach the Response

Southern Andes Energy Inc.

EXPLORATION STAGE
CODE : SUR.V
ISIN : CA8421991016
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Southern Andes is a silver and lead exploration company based in Canada.

Southern Andes holds various exploration projects in Peru.

Its main exploration properties are MACUSANI WEST, PICOTANI, PILUNANI, CULLQUIMAYO, MACUSANI SOUTH, MACUSANI EAST, PRINCESA and ACCOCUCHO SUR in Peru.

Southern Andes is listed in Canada. Its market capitalisation is CA$ 11.5 millions as of today (US$ 9.3 millions, € 7.7 millions).

Its stock quote reached its highest recent level on February 09, 2007 at CA$ 4.80, and its lowest recent point on May 22, 2020 at CA$ 0.01.

Southern Andes has 74 468 000 shares outstanding.

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Annual reports of Southern Andes Energy Inc.
2007 Annual report
Financings of Southern Andes Energy Inc.
3/16/2010announces closing of private placement
9/22/2009Withdraws Private Placement Offering
8/20/2009Further Extension to Non-brokered Private Placement Closing
7/21/2009 Further Extension to Non-Brokered Private Placement Closing
7/6/2009Announces Extension of Non-Brokered Private Placement
6/22/2009Announces Non-Brokered Private Placement
Option Grants of Southern Andes Energy Inc.
3/1/2011Grant of 2,175,000 Stock Options
9/28/2009 Granting of Options
5/28/2008Announces stock options grant to directors and employees
Project news of Southern Andes Energy Inc.
1/12/2011(Macusani South)New Uranium Discovery at Alpi-1 Project in Peru
5/15/2009(Macusani East)Receives Very Positive Metallurgical Test Results From Large...
3/2/2009(Macusani East)Signs Letter of Intent with Eldorado Gold
11/17/2008(Macusani East)Reports Complete Drill Results at the Sayana Central Target,...
11/13/2008(Macusani South)completes initial drilling program and continues metallurgic...
8/14/2008(Macusani South)Solex Resources Corp. announces delivery of metallurgical te...
8/12/2008(Macusani South)Solex Resources Corp. announces drilling on Macusani South P...
6/2/2008Completes NI 43-101 Technical Report at Princesa
2/25/2008(Macusani East)Frontier Pacific & Solex Joint Venture Reports Drill Results...
1/14/2008(Macusani East) and Frontier Pacific Confirm Earn-In and Proposes 2008 Expl...
Corporate news of Southern Andes Energy Inc.
6/1/2011and Ansue Capital Corp. Announce the Closing of the Ansue Ca...
5/20/2011and Ansue Capital Corp. Announce That Southern Andes Energy ...
4/14/2011and Ansue Capital Corp.
4/28/2010shareholders approve Homeland Uranium asset acquisition
3/2/2010Announces Proposed Transaction to Acquire Cash and Shares Fr...
10/15/2009$100 million Equity Financing By Subsidiary Orion Oil & Gas ...
7/16/2009Completes Previously Announced Transaction with Eldorado Gol...
5/26/2009Finalises Agreement With Eldorado Gold Corporation to Acquir...
3/2/2009Correction: Solex Resources Signs Letter of Intent with Eldo...
12/12/2008Reports Complete Drill Results at the Puncopata Prospect, In...
9/11/2008receives Macusani East project data from Eldorado Gold Corpo...
5/27/2008adopts shareholder rights plan
5/27/2008retains leading investor relations firm
3/27/2008Confirms New Uranium Mineralization on Its 100% Owned Macusa...
12/12/2007 Provides Exploration Update on Wholly Owned Uranium Project...
11/19/2007 Responds to Dissident Circular
4/23/2007Resources Corp. Change Of Address
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