Vancouver,
British Columbia - February 25, 2008 - Frontier Pacific Mining Corporation
(TSX-V: FRP) ("Frontier Pacific") and Solex
Resources Corp.( TSX-V: 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).
Hole ID
|
From
(m)
|
To
(m)
|
Interval
(m)
|
U3O8
(ppm)
|
U3O8
(%)
|
U3O8
(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
|
CII07-19
|
51
|
56
|
5
|
101
|
0.010
|
0.200
|
CII07-20
|
54
|
56
|
2
|
157
|
0.016
|
0.310
|
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 = 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 = 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
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 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.
FOR FURTHER INFORMATION:
Frontier
Pacific Mining Corporation
Brian Lock
Executive Vice President
Tel: 604-717-6488
Fax: 604-717-6427
Email: info@frontierpacific.com
Website: www.frontierpacific.com
|
Solex Resources Corp.
Shirley Zhou
Investor Relations
Tel: 604-646-7210 Ext. 103
Toll Free: 1-877-646-4488
E-mail: shirley@solexresources.com
Website: www.solexresources.com
|
|