Frontier Pacific hunts uranium

Vancouver — Subject to a due diligence review and a formal agreement, Frontier Pacific Mining (FRP-V) will join forces with Solex Resources (SOLX-C) to explore a uranium discovery in the Puno district of southern Peru.

Vancouver-based Frontier can earn a half-interest in the uranium concessions from Solex through staged payments of shares and cash, as well as exploration commitments totalling US$4 million over five years.

The early-stage project covers uranium mineralization identified by Solex geologists earlier this year. Fifteen samples returned assay values ranging from 1.5% to 28% U308.

Frontier and Solex will jointly carry out ground radiometric surveys, geological mapping, and chip and channel sampling.

Solex has other properties in southern Peru, including the high-grade Pilunani zinc-silver-lead project. The junior’s uranium and silver-lead-zinc concessions cover 101 sq. km. Staking is continuing.

Jonathan Challis was recently appointed president of Solex Resources.