VANCOUVER, Oct. 25 /CNW/ - Thracean Gold Mines S.A. ("TGM"), the
operating subsidiary of Frontier Pacific Mining Corporation (TSX-V:FRP) (the
"Company"), announced the results of the official opinion poll undertaken by
Pulse Company in cooperation with the Athens University of Economics
indicating that 63.3% of the population of the County of Evros is in favour of
the Perama Hill Gold Mine development in a press conference last Monday in
The official poll, conducted in early October, shows an ever increasing
support for the development of the Perama Hill Gold Mine provided that the
project meets the standards of environmental protection outlined in European
Union legislation and the Ministry of Environment standards in Greece.
The Environmental Terms of Reference (ETR), drafted and approved by the
technical management of the Ministry of Environment of Greece, fully
incorporate and exceed all international standards as well as the standards of
European and Greek legislation. The ETR approves the Environmental Impact
Study carried out over the past seven years by TGM.
In addition to the very positive opinion of the general population of
Evros County in northern Greece, the five villages within a ten kilometre
radius of the Perama Hill Mine-site have joined with TGM in support of the
Positive support for the development of the Perama Hill Gold project was
received from senior ministerial officials and a senior minister in meetings
held in Athens this past week with TGM.
The poll conducted in early October followed the Greek national elections
held in mid-September where the New Democracy party was re-elected with a
majority government on a platform of economic development and job creation.
The development of the Perama Hill project agrees with the central
government's objectives to create job opportunities through economic
development in northern Greece provided the environment is protected.
The positive opinion poll resulted from the recognition by the region's
population about the potential economic benefits and environmental safeguards
from projected operations of the Perama Hill gold mine. TGM was totally
transparent in its discussions with the local population and offered sceptics
every opportunity to meet and discuss the environmental safeguards
incorporated in the mine development.
The net result of the opinion poll from the region now provides both TGM
and the central government of Greece with confirmation that the citizens of
northern Greece now understand the Perama Hill safeguards and economic
benefits. This objective understanding of the project in the region will
provide confidence to the Joint Ministerial Council to approve the
Environmental Terms of Reference and allow TGM to move forward with the detail
design and begin construction of the mine.
On Behalf of the Board of Directors,
FRONTIER PACIFIC MINING CORPORATION
"Peter F. Tegart"
Peter F. Tegart, P. Geo.,
President & CEO
The TSX Venture Exchange (the "Exchange") has not reviewed and does not
accept responsibility for the accuracy or adequacy of this news release.
The Exchange has in no way passed upon the merits of the proposed
transaction and has neither approved nor disapproved the contents of this
This news release may contain forward-looking statements that are based
on Frontier Pacific or Solex expectations, estimates and projections regarding
its business and the economic environment in which it operates. These
statements are not guarantees of future performance and involve risks and
uncertainties that are difficult to control or predict. Therefore, actual
outcomes and results may differ materially from those expressed in these
forward-looking statements and readers should not place undue reliance on such
statements. Statements speak only as of the date on which they are made, and
the Company undertakes no obligation to update them publicly to reflect new
information or the occurrence of future events or circumstances, unless
otherwise required to do so by law.
For further information:
For further information: FRONTIER PACIFIC MINING CORPORATION (TSX-V:
FRP), Suite 875 - 555 Burrard Street, Box 205 - Bentall Two Centre, Vancouver,
B.C., Canada, V7X 1M8, Phone: (604) 717-6488, Fax: (604) 717-6427,