Fronteer Development Group Inc.
Fronteer to buy 5 Teck Cominco Turkey gold sites
Corporate-news announcement sent by DGAP.
The sender is solely responsible for the contents of this announcement.
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Fronteer to buy 5 Teck Cominco Turkey gold sites
VANCOUVER, British Columbia , April 13 – Fronteer Development Group Inc.
(Toronto: FRG.TO ; Frankfurt: WKN 533050) plans to buy five gold properties in
Turkey belonging to a subsidiary of Canada’s Teck Cominco Ltd. (Toronto: TEKb.TO
– News), the small gold explorer said on Wednesday.
Vancouver-based Fronteer did not put a price tag on the proposed acquisition.
The projects are located in Western Turkey, some 200 km (125 miles) northwest of
Eldorado Gold Corp.’s (Toronto: ELD.TO – News) 5.3 million ounce Kisladag gold
deposit.
“This new land package will dramatically increase Fronteer’s core assets and be
a major step towards building a solid resource base,” said Mark O’Dea,
Fronteer’s president and chief executive.
Fronteer’s stock was unchanged at C$1.09 on the Toronto Stock Exchange (News –
Websites) on Wednesday morning.
end of message, (c)DGAP 13.04.2004
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WKN: 533050; ISIN: CA35903Q1063; Index:
Listed:
132005 Apr 04
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