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FairPoint Communications FRP

"FairPoint is the seventh- largest local telephone firm in the United States, following its acquisition of Verizon's northern New England assets. It operates in 18 states serving 1.4 million access lines, though nearly 90% of these are in Maine, New Hampshire, and Vermont. The firm was founded in 1991 and has its headquarters in Charlotte, N.C."


NDAQ:FRP - Post by User

Post by FrontierNewson Apr 17, 2007 1:01pm
529 Views
Post# 12623994

News Release, April 17, 2007

News Release, April 17, 2007FRONTIER PACIFIC DRILLS 0.089% U308 (1.92 LBS PER TON) OVER 10 METRES ON THE CALVARIO III URANIUM TARGET AT MACUSANI, PERU Vancouver, British Columbia – April 17, 2007 - Frontier Pacific Mining Corporation (TSX-V: FRP) (”Frontier Pacific”), (the “Operator”) and Solex Resources Corp. (TSX-V: SOX) (“Solex”), (collectively the “Joint Venture Participants”) are pleased to report that recent assays on the remaining 7 drill holes at Calvario III have outlined further high grade Uranium mineralization on the near surface horizontal ignimbrite zone, previously described in our News Release dated April 2, 2007. Drill hole No. 56 intercepted 0.089% U308 (1.92 lbs per ton) over 10 metres (33 feet), including 0.3% U308 (6.65 lbs per ton) over 3 metres (10 feet). The previous News Release of April 2, 2007, confirmed a near surface flat lying ignimbrite volcanic flow 10 metres thick over a surface area of 158,000 square metres with a preliminary overall average grade of 0.32 lbs per ton. This area represents only a small portion of the radiometric anomaly contained within the four square kilometre of the Calvario III concession. Please visit our website at www.frontierpacific.com for a listing of assays from holes drilled to date (61 holes) on the Calvario III concession. Peter Tegart, President of Frontier Pacific, stated “These assay results are extremely encouraging and further indicate that the Uranium grade seems to be increasing in a north west direction enlarging the identified Uraniferous ignimbrite zone.” The Company believes that further drilling on Calvario III later in the year may significantly increase both the grade and volume of this target. Drilling is presently underway at the Sayana West and Agaton targets with additional drilling expected to begin on the Calvario II target within 10 days. Drill results will be released as they become available. Peter Tegart, P.Geo., President and CEO of Frontier Pacific and Mohan R. Vulimiri, M.Sc. P.Geo., Chairman of Frontier Pacific 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 developing the advanced Perama Hill gold project in northern Greece and is earning a 50% interest in the Macusani Uranium Project in Peru from Solex Resources Corp.(TSX-V: SOX). 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.
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