Southern Andes Energy Inc.

Published : February 25th, 2008

Frontier Pacific & Solex Joint Venture Reports Drill Results from the Calvario II Prospect, Macusani

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February 25, 2008
Frontier Pacific & Solex Joint Venture Reports Drill Results from the Calvario II Prospect, Macusani Uranium Project, Peru


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

 

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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