Vancouver,
British Columbia � May 22, 2007
- Frontier Pacific Mining Corporation (TSX-V: FRP) (�Frontier
Pacific�), is pleased to report that in a speech on Thursday May 10th
in Athens, Mr. Nikos Stephenou, General Secretary of the Ministry of Development,
stated that the Government of Greece fully supports a wide range of mineral
resource projects throughout the country with particular emphasis on the
development of the mining projects in the regions.
The
following is a translation of some of Mr Stephanou�s speech:
�Mining and
Metallurgical industries are fundamental pieces of the well-being of the Greek
economy, and within the European Union, Greece is one of the countries with a
significant mining business and exports of mineral products.
�In a
Europe with limited current mining potential and a complex set of restricting
laws, it is logical that the mining production does not receive enough support
vs the support given to the actual trading of metals and minerals and its
importation from non-European countries such as Africa, Australia and India
etc.�
�Environmental,
quality of life, safety and social welfare, in combination with the continuous
disclosure of information and the active involvement of the citizens, merit a
new human-centric approach and the acceptance of sustainable development and
new technological advances in the mining industry.�
�It is now
scientifically proven that both environment and sustainable development can
live together and both can become the foundation for a better society.�
�The Mining
Industry is extremely important for the Regional Development of
Greece.
In many cases, geology and economic
mineralization are found in areas where other kinds of development are limited,
and thus, the mining industry can provide for the well-being of the local
populations and other forms of services and industries.�
�
The government supports the development of the Gold Mining business in
Chalkidiki, according to the environmental framework. The execution of this
initiative will develop this region and provide work for 600 people in the
construction phase and 1,300 people in the production phase.�
Frontier Pacific Mining, through its
wholly owned Greek subsidiary, Thracean Gold Mines (TGM), is working closely
with the Greek Government to obtain the Joint Ministerial Approval which will
allow the construction of TGM�s Perama Hill Gold Mine in
Northern
Greece to commence.
In view
of this positive statement of support of the mining industry by the Government
of Greece, TGM is accelerating its large scale media campaign in Evros and
Rodopi in order to inform the local population of the safety of its operations
and the economic benefits that the development will bring to the region. A full
copy of the speech in Greek can be viewed on the Ministry of Development
website at www.ypan.gr
On Behalf of the Board of Directors,
FRONTIER PACIFIC MINING CORPORATION
�Peter
F. Tegart�
Peter F. Tegart,
P. Geo., President & CEO
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Frontier Pacific Mining
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PRODUCER |
CODE : FRP.V |
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Frontier Pacific is a development stage company based in Canada. Frontier Pacific produces gold in Turkey, and holds various exploration projects in Bolivia, in Colombia and in Turkey. Its main asset in production is OVACIK in Turkey and its main exploration properties are MACUSANI EAST in Peru, DIXIE CREEK in Turkey, TARAIRA in Colombia and SAN JAVIER PROJECT in Bolivia. |