18th Apr 2007 08:50
Frontier Mining Ltd18 April 2007 Frontier Mining Ltd ("Frontier" or "the Company") Baltemir License Extension Approved Frontier Mining Ltd is pleased to announce that the Ministry of Energy andMineral Resources of the Republic of Kazakhstan has approved a two yearexploration extension for the evaluation of a commercial discovery at Frontier'sBaltemir License, Kazakhstan. The exploration license is now valid until 05March 2009. Baltemir is situated about 56km east of Frontier's producing gold mine,Naimanjal. The License covers an area of 154km2 and is held by Frontier'swholly owned subsidiary, Baltemir LLP. So far, the Baltemir explorationprogramme overseen by Behre Dolbear has identified the potential for a smallgold resource of narrow high grade vein material at West Baltemir occurringwithin a zone 1km wide and 7km long. To date, twenty-five core holes totalling1,941 metres have been drilled at various locations along this quartz veinsystem. Behre Dolbear has recommended a limited three phase exploration programme totest the potential of three key targets. The exploration programme includes 70trenches totalling 1,050 metres, 35 core holes totalling 1,420 metres, andfinally, metallurgical test work. Brian Savage, CEO of Frontier Mining comments "We are delighted to have receivedapproval for the extension to the exploration license as initial data indicatesthat this is a promising prospect and we look forward to conducting furtherexploration work to evaluate the potential for what would be our fifthcommercial discovery." For further enquiries, please contact: Frontier Mining Ltd Brian Savage +44 (0) 20 7898 9019 Parkgreen Communications Cathy Malins / Annabel Leather +44 (0) 20 7851 7480 About Frontier Mining Ltd: Frontier Mining Ltd. is a mineral exploration and development company that wasincorporated in the state of Delaware, USA, on 5 August 1998 for the purpose ofexploring and developing gold and copper deposits in the Republic of Kazakhstan.Through its subsidiaries and affiliates, Frontier locates, evaluates,acquires, explores and develops mineral properties. Frontier has two licenses owned by its wholly owned subsidiaries in Kazakhstan.They are the Naimanjal exploration and mining licence, held by FML Kazakhstan,and the Baltemir exploration licence, held by Baltemir LLP. Frontier has oneproducing gold mine, Naimanjal; one pre-feasibility stage gold project,Koskuduk; and one exploration stage gold prospect, Baltemir. Frontier also has one potential copper porphyry deposit with associated gold andmolybdenum, Baitimir; and several copper/gold prospects along a 25-km trendincluding both VMS and porphyry types. Metallurgical tests on its Beschoku andYubileiny copper projects confirm the oxide copper ore is amenable to extractionusing low cost SX-EW technology. Frontier shares are traded on the AIM market of the London Stock Exchange.Frontier has 132,979,597 ordinary shares issued and 6,057,091 outstandingoptions and warrants, giving 139,026,688 fully diluted ordinary shares. Further company information may be accessed at the Frontier Mining Ltd. websiteat: www.frontiermining.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
FML.L