NewsFrontier Pacific drills 5.6 m of 0.116% U3O8
Frontier Pacific Mining Corp (C:FRP)
Shares Issued 107,020,870
Last Close 7/24/2006 $0.32
Tuesday July 25 2006 - News Release
Also Solex Resources Corp (C:SOX) News Release
Mr. Peter Tegart of Frontier Pacific reports
INITIAL DRILL PROGRAM AT MACUSANI INDICATES SIGNIFICANT SURFACE URANIUM RESOURCE
Frontier Pacific Mining Corp., the operator, and Solex Resources Corp., the venture partner, have recently completed trial core drilling on extensive uranium-bearing anomalous targets. The drilling confirms continuity and grade of significant, near-surface, uranium occurrences. The venture completed 1,780 metres of core drilling in 44 short drill holes over four separate anomalous targets which occur as much as 17 kilometres apart. The purpose of the drilling was to determine geological setting, depositional control and provide an early potential-grade estimate. All targets are located in the Macusani district in southeastern Peru, a flat-lying, plateau setting in a remote area of the eastern Andes.
Drill results from four zones, Sayana, Calvario 1 and Puncopata, with assay results from Agaton yet to come from the laboratory, indicate good continuity and grade of uranium over substantial widths within coarse-grained, predominantly flat-lying, ignimbrite breccias. It is important to appreciate that, in each case, the trial drilling focused on a very small portion of the previously identified uranium-bearing anomalies, which in many cases, measure up to several square kilometres in surface area.
These results will be used to guide a planned, extensive 20,000-metre drill program to better determine the uranium resource potential of these very large radiometric anomalies located in the Macusani district. Drill permits have been submitted to allow the venture to grid drill a total of eight target anomalies with approximately 100 holes per target. The radiometric anomalies are posted on the Frontier Pacific website.
The near-surface setting of the uranium mineralization potentially lends itself to very low mining and recovery costs for uranium. Bottle roll recovery tests are being initiated to confirm the leachability of the uranium and Lakefield Research of Toronto has been engaged to carry out bottle-roll scoping tests under the supervision of Melis Engineering of Saskatoon.
While the venture awaits approval of the expanded drill permits, an intensive regional surface exploration program has recently been launched to assess the potential of the balance of the Macusani concessions spread over an area 30 km by 35 km. This work will require approximately three months to complete and includes geological mapping, pit and chip sampling and surface radiometric surveys. Total concessions held in the Macusani district cover approximately 46,000 hectares (460 square kilometers). The initial prospecting, sampling and radiometric surveys outlined seven anomalous target zones within an area that amounts to less than 10 per cent of the Macusani concessions. The balance of the concession area is unexplored and is known to contain more than 45 previously identified uranium occurrences found from work carried out in the mid-1970s.
A summary and discussion of the drill hole details obtained to date for the Sayana, Calvario 1 and Puncopata zones, with results from Agaton yet to come from the laboratory, are presented below.
Sayana prospect
The initial drill test outlined a continuous, near-surface, coarse-grained, ignimbrite breccia averaging 0.095 per cent U3O8 or 1.90 pounds per ton uranium within an area of 2,000 square metres to a thickness of five metres of coarse-grained ignimbrite. The drilling tested a very small portion of the Sayana target which was outlined by a 400,000-square-metre radiometric and radon cup anomaly centered on an east-west-trending rounded ridge. The trial drill test area is extremely small in comparison to the anomaly size. A specific gravity of 2.5 was used to estimate the number of tonnes that could be conceptually projected from the initial test drilling that was carried out.
In addition, a second ignimbrite breccia averaging 0.525 per cent or 10.5 pounds per ton U3O8 over a six-metre thickness was intersected in hole five approximately 10 metres below the near-surface breccia that was outlined. The drill test was carried out to determine the range of uranium grade and possible dimensions of a deposit and is conceptual in nature at this time and will be the target of further exploration to delineate a uranium resource.
The coarse-grained breccias that host the uranium are associated with equivalent hypabyssal rocks to the south. A high radiometric response coupled with sampling up to 300 metres to the south and 100 metres vertically downhill from the drilling confirmed that the uranium mineralization is associated with a deep source volcanic feeder zone. The depth potential of this zone has been greatly enhanced and future investigations of this target will require deep drilling to confirm resource potential. The drill assay results and average grade of the zone drilled to date are shown on the table below.
Sayana 2006 drill assays
Average U3O8% U3O8 lbs/ton
Hole ID From-to metres Interval metres
SY06-01 3.52 to 7.52 4 0.050 0.991
SY06-02 .92 to 6.52 5.6 0.116 2.313
SY06-03 6.52 to 8.52 2 0.035 0.708
SY06-05 2.52 to 7.52 5 0.271 5.428
SY06-06 4.94 to 10.94 6 0.024 0.472
SY06-07 3.70 to 8.70 5 0.066 1.322
SY06-08 7.72 to 12.52 5 0.071 1.416
Average grade 4.66 0.095 1.90
of area drilled
Not included in average
grade calculation
SY06-05 21.52 to 27.52 6 0.5251 10.50
Calvario 1 prospect -- 17 km north of Sayana
Ten of 12 holes drilled from two platforms intersected a near-flat-lying, narrow-coarse-grained, ignimbrite breccia averaging 0.082 per cent or 1.65 pounds per ton U3O8 over an average thickness of 2.4 metres. The drilling tested a surface exposed area of 2,000 square metres on the northern edge of the large 120,000-square-metre Calvario Hill radiometric anomaly. Drilling indicates that the breccia thickens to the south where hole No. 4 averaged 0.105 per cent U3O8 or 2.10 pounds per ton over six metres. Surface mapping and sampling over an area 300 metres by 200 metres indicates that the uranium-bearing breccias thicken to the south as well as being underlain by second uranium-bearing ignimbrite. An expanded grid-based drill program is proposed to measure the average uranium grade and continuity of the Calvario 1 zone south of the current completed drilling. The drill assay results and average grade of the zone drilled to date are shown in the table below.
Calvario 2006 drill assays
Hole ID From-to metres Interval metres Average U3O8% U3O8 lbs/ton
CAL06-01 6.52 to 8.52 2 0.015 0.307
CAL06-03 4.52 to 5.52 1 0.071 1.416
CAL06-04 5.00 to 11.0 6 0.105 2.100
CAL06-05 2.52 to 4.52 2 0.020 0.401
CAL06-06 7.52 to 12.52 5 0.030 0.590
CAL06-07 5.52 to 7.52 2 0.065 1.298
CAL06-08 5.00 to 6.00 1 0.033 0.661
CAL06-09 4.52 to 5.52 1 0.720 14.396
CAL06-10 5.52 to 8.52 3 0.042 0.850
CAL06-12 1.52 to 2.52 1 0.050 0.991
Average grade of 2.4 0.082 1.65
area drilled
Puncopata prospect -- 15 km north of Sayana
Twelve holes were drilled from two platforms with six holes from each platform. These holes targeted uranium-bearing outcrops and mineralization in trenches on the northern slopes of the 1,500-metre-long, east-west-trending, Puncopata ridge. The distance between the two platforms is approximately 400 metres. Several drill holes on both platforms returned wide intersections of intensely altered coarse-grained ignimbrite breccias and flows with significant fracture-controlled and disseminated uranium mineralization. The drill hole assay results are shown in the table below.
Puncopata 2006 drill assays
U3O8% U3O8 lbs/ton
Hole ID pad No. 1 From-to metres Interval metres
PUN06-01 23.22 to 37.22 14 0.045 0.90
PUN06-03 35.52 to 42.52 7 0.021 0.42
PUN06-04 31.52 to 40.52 9 0.020 0.40
PUN06-05 37.52 to 38.52 1 0.138 2.76
PUN06-06 32.52 to 37.52 5 0.051 1.01
Average thickness Average grade Average grade
Pad No. 1 - average
grade of area drilled 7.2 0.037 0.75
Hole ID Pad No. 2 From-to metres Interval metres U3O8% U3O8 lbs/ton
PUN06-07 0.76 to 1.52 1 0.059 1.18
PUN06-08 25.52 to 26.52 1 0.189 3.78
PUN06-09 14.52 to 20.52 6 0.083 1.65
PUN06-09 30.52 to 35.52 5 0.013 0.26
PUN06-09 26.52 to 28.52 2 0.021 0.42
PUN06-10 21.52 to 22.52 1 0.059 1.18
In technical geologic terms, the uranium mineralization occurs as fracture fillings and disseminations, predominantly hosted in coarse-grained portions of the aluminous rhyolitic ignimbrite breccias, flows and tuffs. The mineralization is also associated with intense in situ argillic alteration. The mineralization is also repeated in overlying and underlying ignimbritic units of equivalent composition, suggesting it is emplaced in successive volcanic eruptive cycles of similar age and composition. Although this initial drill program consisted of very short holes, results indicate that potential exists to confirm a uranium resource at much greater depths particularly where coarse-grained hypabyssal breccias are related to volcanic vent areas and crosscutting feeders.
The analyses from Macusani drilling are being performed by Activation Laboratories Ltd., Ancaster, Ont., Canada. Actlabs has a preparation laboratory in Lima, Peru. Mohan Vulimiri, PGeo, a qualified person under the guidelines of National Policy 43-101, directed the Macusani concessions drill program. Brian Malahoff, PGeo, also a qualified person, supervised the drill program in Peru. Peter Tegart, PGeo, a qualified person, is responsible for the contents of this news release.
© 2006 Canjex Publishing Ltd.
Delete Reply Forward Spam Move...
Previous | Next | Back to Messages Save Message Text | Full Headers
Check Mail Compose
Search Mail Search the Web
Move Options
* [New Folder]
* Cottage
* Rented
* Spam
Forward Options
* As Inline Text
* As Attachment
Reply Options
* Reply To Sender
* Reply To Everyone
Mail Shortcuts
* Check Mail Ctrl+shift+C
* Compose Ctrl+shift+P
* Folders Ctrl+shift+F
* Advanced Search Ctrl+shift+S
* Options
* Help Ctrl+shift+H
Address Book Shortcuts
* Add Contact
* Add Category
* Add List
* View Contacts
* View Lists
* Quickbuilder
* Import Contacts
* Synchronize
* Address Options
* Addresses Help
Calendar Shortcuts
* Add Event
* Add Task
* Add Birthday
* Day
* Week
* Month
* Year
* Event List
* Reminders
* Tasks
* Sharing
* Synchronize
* Calendar Options
* Calendar Help
Notepad Shortcuts
* Add Note
* Add Folder
* View Notes
* Notepad Options
* Notepad Help
Advanced Search
* Advanced Search
3P