FairPoint Communications FRP

FRP news

[homeboy14]

Prospecting and Detailed Scintillometer Surveys lead to New Uranium Discovery on Calvario III Property, Macusani Uranium Project, South-eastern Peru VANCOUVER, Feb. 14 /CNW/ - Frontier Pacific Mining Corporation, (TSX-V: FRP) ("Frontier Pacific" or the "Company"), is pleased to announce the discovery of a significant area of uranium mineralization on the Calvario III Property, Macurani Uranium Project, South-eastern Peru. Frontier Pacific holds an option to earn a 50% interest in the Macusani project from joint-venture partner Solex Resources Corp. (TSX-V: SOX) ("Solex"). Highly anomalous scintillometer readings associated with fracture-controlled uranium mineralization (autunite, meta-autonite and gummite) in coarser-grained S-type rhyolitic ignimbrites were delineated over an area 500 metres by 100 metres in an east-north-east trending valley. The favourable ignimbrite unit appears to extend into the mountainous area to the west-north-west. The significant results from samples collected in anomalous areas in Calvario III are as follows: << Sample Scintillometer Uranium ppm (%) No. Counts/second (ALS Chemex) Description ------------------------------------------------------------------------- HP-199 greater than 1800 Not received Minor fractures ------------------------------------------------------------------------- HP-200 4500 Not received ------------------------------------------------------------------------- HP-201 greater than 29000 Not received Uranium fracture- fillings up to 2 cm wide ------------------------------------------------------------------------- HP-204 65535 Not received Uranium fracture- fillings up to 2 cm wide ------------------------------------------------------------------------- HP-205 greater than 58000 Not received Uranium bearing fractures up to 2 cm wide ------------------------------------------------------------------------- HP-311 greater than 28000 Not received Uranium fracture- fillings up to 2 cm wide ------------------------------------------------------------------------- HP-312 4800 Not received Minor fractures ------------------------------------------------------------------------- HP-313 greater than 4000 Not received Minor fractures ------------------------------------------------------------------------- HP-501 greater than 65000 Not received Uranium fracture- fillings up to 2 cm wide ------------------------------------------------------------------------- HP-763 11000 Not received ------------------------------------------------------------------------- HP-764 greater than 65000 greater than Uranium fracture- 10% fillings up to 2 cm wide ------------------------------------------------------------------------- HP-765 greater than 65000 greater than Uranium fracture- 10% fillings up to 2 cm wide. ------------------------------------------------------------------------- HP-766 65535 8.84% Uranium fracture- fillings up to 2 cm wide ------------------------------------------------------------------------- High scintillometer counts in relatively un-mineralized areas close to surface suggest that the uranium mineralization is leached down and deposited in reducing conditions at groundwater tables. This is evident in the stream sediment down-stream in low-lying areas. The sediment is highly anomalous with counts as high as 10000 counts per second. Systematic drilling is required to properly investigate these areas at depth for potential secondary uranium mineralized zones. The modes of occurrence of the supergene enrichment of secondary uranium phosphate minerals at groundwater tables is very common in dry areas, such as the Macusani district, Southern Peru, Utah, Arizona, and Wyoming. Radon Surveys Detailed AlphaTrack radon surveys were completed on the Calvario I, Puncopata, Sayana and Agaton targets. Interpretation of the Alpha-track film data is in process. The surveys are designed to identify any hidden uranium mineralized zones overlain by younger ignimbrite units and thick overburden. Results are expected shortly and will be released on completion. The Uranium mineralization identified to date consists of mostly Autunite, Meta-Autunite, Gummite and minor Pitch-blende. The analysis was performed by ALS Chemex Labs of North Vancouver, BC, Canada. Mohan R. Vulimiri, M.Sc., P. Geo., Chairman, Frontier Pacific is the person responsible for initiating and guiding the work programs. Mr. Vulimiri examined the mineralization on the Calvario III concession, as well as the Calvario I, Calvario II, Sayana and Puncopata areas. Mr. Vulimiri is the qualified person in accordance with National Instrument 43-101 guidelines. These results disclosed above and in the Company's previous press releases show that uranium mineralization is widespread in several targets, and potential for the occurrence of significant uranium deposits in the large 50,000 hectare concessions in Macusani area About Frontier Pacific Frontier Pacific is a mineral exploration and development company based in Vancouver, British Columbia. The Company's holdings include the advanced Perama Hill gold project in Greece, options on the Dixie Creek gold project in Nevada and uranium exploration concessions in southern Peru. For further details on Frontier Pacific Mining Corporation, please visit the Company's website at https://www.frontierpacific.com. On behalf of the Board of Directors "Peter F. Tegart" Peter F. Tegart, P.Geo., President This press release contains forward-looking statements that involve risks and uncertainties. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of the contents herein. For further information: FRONTIER PACIFIC MINING CORPORATION, Suite 100, 3rd Floor, 853 Richards Street, Vancouver, BC, Canada, V6B 3B4, Ph: [phone], Fax: [phone], www.frontierpacific.com, [e-mail]

[Bsmooth]

Are the findings good? I don't understand the numbers... Thanks