News Release!Frontier Pacific announces commencement of diamond drill program on Macusani Uranium Project in Southern Peru
Vancouver, British Columbia – December 12, 2006 - Frontier Pacific Mining Corporation (TSX-V: FRP) (”Frontier Pacific”), (the “Operator”) and Solex Resources Corp. (TSX-V: SOX) (“Solex”), (collectively the “Venture Participants”) are pleased to announce the commencement of a major 20,000 meter (US $2.5M) diamond drill program on their extensive Macusani Uranium Project in Southern Peru.
The Venture Participants applied to the Peruvian Ministry of Mines in September 2006 for approval to diamond drill up to 20,000 meters on eight (8) widely separated surface uranium targets on the 46,000 hectare mineral concession property. Drill permits have been received initially for Calvario III and drilling has begun on that target. The additional permits for the other seven targets (Sayana, Sayana West, Agaton, Calvario I, Calvario II, Puncopata and Tantamaco) are expected to be received over the next few weeks. The drill program commenced initially with one drill operating during December and two more drills to be added in the new year.
In August 2006, the Venture Participants completed a successful 1,780 metre trial drilling program on the Sayana, Agaton, Calvario I and Puncopata targets. The trial drill program consisted of 44 holes on 4 targets, as outlined in previous news releases, and confirmed that the near surface uranium (U3O8) was contiguous between drill holes over thicknesses that varied between 2.4 metres and 10 metres as outlined in the chart below. The trial drilling was carried out over surface areas measuring approximately 30 metres by 80 metres located within scintillometer and radon cup radiometric survey anomalies that measure greater than a half square kilometer in size. The trial drilling results provided confidence to the geologic team that the large radiometric anomalies could contain significant resources of uranium (U3O8). Based on this conclusion, the Venture Participants made the decision to launch an extensive diamond drilling resource evaluation to measure the uranium (U3O8) content over the extent of the very large radiometric anomalies with a series of up to 600 drill holes.
Trial Drill Results – August, 2006:
Target name
Number of drill holes
Minimum and maximum depths of mineralization (metres)
Average Intercept Length (meters)
Average U3O8%
Average U3O8 lbs / ton
Sayaña
7
0.92 – 12.52
4.7
0.095%
1.90
Calvario1
10
1.52 – 12.52
2.4
0.082%
1.65
Puncopata
5
23.22 – 42.52
7.2
0.037%
0.75
Agaton
Hole ID: AG-06-06
5.52 – 15.52
10
0.102%
2.40
Regional geologic work and detailed uranium occurrence mapping over the last three months has provided confirmation that the uranium (U3O8) occurs within particular siliceous-aluminous young ignimbrite flows, at several horizons, as disseminations between tuffaceous fragments and within congealing fracture fillings related to cooling of the near surface flows. At several locations the favourable flows appear stacked one on top of the other and separated by barren or low grade ignimbrites. Better grades of uranium appear to be related to coarse fragmental tuffs suggesting proximity to volcanic necks. This work is continuing and is expected to yield many additional targets in addition to those selected for drilling.
Frontier Pacific has engaged the services of Scott Wilson Roscoe Postle Associates Inc. to assist in preparing the protocol field procedures, review of the exploration results and technical data and prepare an estimate of the mineral resources identified during this program.
Peter Tegart, P.Geo., and Mohan R. Vulimiri, M.Sc. P.Geo. are Qualified Persons under the guidelines of National Instrument 43-101 policies, and are responsible for the contents of this news release.
About Frontier Pacific :
Frontier Pacific is focused on the development of the advanced Perama Hill gold project in northern Greece, held by its subsidiary Thracean Gold Mining S.A. In addition to Perama Hill, the Company holds an option to earn a 50% interest in the Macusani Uranium Project from joint-venture partner Solex Resources Corp.(TSX-V: SOX) and a 100% mining lease option on the Dixie Creek gold property in Nevada’s Carlin Trend. Please visit https://www.frontierpacific.com for more information on Frontier Pacific.
On Behalf of the Board of Directors,
FRONTIER PACIFIC MINING CORPORATION
“Peter F. Tegart”
Peter F. Tegart, P. Geo., President & CEO
The statements made in this News Release may contain certain forward-looking statements. Actual events and/or results may differ from the Company’s expectations. Certain risk factors may also affect the actual results achieved by the Company. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.