Speaking of Mexico, FRG just announced some nice results there.
biz.yahoo.com
Fronteer Makes New Silver-Rich Discovery in Mexico and Prepares for Drilling Program
Tuesday April 18, 11:52 am ET
VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Apr 18, 2006 -- Fronteer Development Group Inc. ("Fronteer") (TSX:FRG.TO - News)(AMEX:FRG - News) has made a significant new silver-gold discovery in southwestern Mexico that is over 2 kilometres long and up to 34 metres wide. The new discovery is on the Clara Project where recent surface samples have returned values of up to 6.02 ounces per ton silver and 4.90 grams per tonne gold over 7.5 metres.
This new 2 kilometer long precious metal system is also associated with widespread lead-zinc +/- copper mineralization with grades of up to 5.06 percent lead, 1.56 percent zinc and 0.75 percent copper, associated with 3.39 ounces per ton silver and 6.79 grams per tonne gold over 3.6 metres.
"This system is an outstanding new target with no historical drilling and excellent grade-tonnage potential," according to Dr Rick Valenta, Fronteer COO and VP Exploration. "We are very encouraged by our surface results and look forward to the upcoming drill program on the property."
Highlights of Fronteer's recent surface sampling results include:
1. 4.29 oz/ton silver, 0.28 g/tonne gold, 0.18% lead, and 0.52% zinc over 34 metres
- Including 7.94 oz/ton silver, 0.52 g/tonne gold, 0.27% lead, and 1.22% zinc over 8 metres
2. 5.23 oz/ton silver, 2.86 g/tonne gold, 0.27% lead, and 0.63% zinc over 15.1 metres
- Including 6.02 oz/ton silver, 4.90 g/tonne gold, 0.37% lead and 0.85% zinc over 7.5 metres
3. 3.39 oz/ton silver, 6.79 g/tonne gold, 5.06% lead, 1.56% zinc and 0.75% copper over 3.6 metres
4. 2.10 oz/ton silver and 2.74 g/tonne gold over 5.0 metres
5. 2.77 oz/ton silver and 1.97 g/tonne gold over 3.4 metres
6. 0.90 oz/ton silver, 2.77 g/tonne gold, 2.35% lead and 0.62% zinc over 5.0 metres
Fronteer has completed land use agreements with all the local Ejidos and private landowners, and expects to receive drill permits from the relevant Mexican government authorities in the coming weeks. The company expects to be drilling on the Clara property in mid-May.
The Clara Property is one of two properties in Mexico that are under option to Fronteer from Minera Teck Cominco SA de CV. The other property, San Pedro, is currently undergoing target refinement mapping and sampling in preparation for a drill program to immediately follow the Clara program. Fronteer may earn a 100% interest, subject to a Teck Cominco back in right, in both of these projects by spending a combined total of US $2.0 million over four years on exploration to be divided between these two properties. |
