The drilling program at Menderes will concentrate on the southeastern strike extension of the Kokarpinar vein system with current inferred resources of 2.3Mt grading 6.64 gpt Au for 491,000 ounces of gold .
The program will initially consist of a 1,000 metres and it will test a few Priority 1 epithermal gold targets including a drill hole that will test for the extension of the upper epithermal Kokarpinar gold-bearing vein of Eldorado Gold’s Efemcukuru Gold Mine Complex adjacent to Frontline’s permit boundary to the west.
Mike Kilbourne, P.
The QP has not completed sufficient work to verify the historic information on the properties comprising the Menderes, particularly regarding historical exploration, neighbouring companies, and government geological work.
The Company’s properties include the Crooked Pine Gold Project , the Route 109 Gold Project, the NE Bachelor Lake Gold Project and the Portage River Gold Project all in the Abitibi Region of Quebec, the Copperlode Project located approximately 60 kms east of the Red Lake Area and the Menderes gold project in the Izmir province of Western Turkey.
These factors include: the availability of funds; the timing and content of work programs; results of exploration activities and development of mineral properties, the interpretation of drilling results and other geological data, the uncertainties of resource and reserve estimations, receipt and security of mineral property titles; project cost overruns or unanticipated costs and expenses, fluctuations in metal prices; currency fluctuations; and general market and industry conditions.
Forward-looking statements are based on the expectations and opinions of the Company’s management on the date the statements are made.