If you are a uranium bug only, you can skip this news release, as it is about that other precious metal Gold.

Fronteer has reported that its ‘Halilaga porphyry project in north-western Turkey has returned one of the highest grade intervals of copper-gold mineralization to date, intersecting an important secondary copper enrichment zone’

To quote Mark O’Dea, the President and CEO of Fronteer;

“Halilaga has many of the hallmarks of a world-class porphyry deposit in terms of size, grade and continuity, Copper enrichment zones, like the one we see at Halilaga, are important economic components of successful copper-gold mines.”

So good progress continues to be made by Fronteer on the gold/Copper side of the business. If you are interested and want to read the whole report please click on this LINK

For those bothered by the recent credit crunch and are wrestling with the prickly problem of how much cash have they actually got then Fronteer have stated that they are not invested in any short term commercial paper or asset-backed securities. The Company has approximately C$100 million in cash that is fully liquid and held with a large commercial bank.

Fronteer trades as FRG on the TSX and the AMEX