Technical Analysis - Frontier Pacific Min. (FRP.V)Frontier Pacific Mining Corporation is focused on the development of the advanced Perama Hill gold project in northern Greece and carrying out drill exploration programs on large concessions with near surface uranium mineralization in Peru and a gold property in Nevada.
The Company's wholly-owned primary asset is the Perama Hill Gold Project held by its subsidiary Thracean Gold Mining S.A. Perama Hill has a 1.36 million ounce indicated gold resource grading 3.62 grams/tonne (Roscoe Postle Associates, 2004) in a surface exposed oxide deposit. Thracean Gold Mining has extensive additional exploration holdings in northern Greece.
The Company is earning a 50% interest in the 460 square kilometer
Macusani Uranium Concessions in southeastern Peru. A 1,780 meter trial drill program has been completed on four extensive targets confirming continuity and grade of significant near surface uranium occurrences. Initial agitation leach tests returned uranium extractions of 97.6 percent. An expanded surface exploration program is underway. A 20,000 meter grid drill program on eight target anomalies is underway.
Frontier Pacific has an option to earn a 100% interest in the
Dixie Creek Gold Property in northern Nevada's prolific Carlin Trend. A diamond drill hole is nearing completion on a deep gold target.
One-third of the Frontier Pacific's 131 million outstanding common shares are held by insiders. The remaining two-thirds are widely held by institutions and private investors.
The Company's head office is in Vancouver B.C., one of the world's centers of mineral exploration and mine development. Subsidiaries' offices are located in Athens and Alexandropolis, Greece and Lima, Peru.