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Fronteer sees more gold in Turkey mines PDF Print E-mail
Written by AP   
Thursday, 26 January 2006 20:07

Canada-based Fronteer Development Group Inc., a miner of precious metals, on Thursday said an audit of its mines in Turkey estimated significantly higher gold and silver reserves than the company expected.

Giroux Consultants Ltd. boosted estimates fourfold on the amount of gold and silver contained in Fronteer's Kirazli and Agi Dagi mines. The group expects the mines hold 461,000 indicated ounces of gold and 1.6 million inferred ounces of gold, as well as 2.1 million indicated ounces of silver and 8.6 million inferred ounces of silver.

President and Chief Executive Mark O'Dea called the estimates "an important milestone," that helps quantify the company's development in Turkey over the past year and a half.
 
 
   
 
     
 
   
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