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Message: FRONTEER lastest news on AURORA in LABRADOR

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FRONTEER lastest news on AURORA in LABRADOR

posted on Sep 02, 09 10:40PM

MICHELIN

- Preliminary Economic Assessment to be completed by year-end

Aurora is a wholly owned subsidiary of Fronteer. Several engineering and economic studies that Aurora commissioned over the last 18 months are now in the final stages of completion. AMEC and Aurora are finalizing capital and operating cost estimates to complete a Preliminary Economic Assessment and an economic impact and benefits analysis by year-end. Fronteer recently reported that pilot plant leaching tests indicate that Michelin Project mineralization is predicted to yield an average uranium recovery of 87.5%

In addition, Aurora, a wholly owned subsidiary of Fronteer, is scheduled to complete a Preliminary Economic Assessment on the Michelin uranium project in Labrador, Canada, by year-end.

Fronteer Development Group Inc. (FRG - TSX/NYSE Amex) announces today an update on recent advancements and near-term milestones at its development-stage gold projects comprising the company's future production platform in Nevada, as well as Aurora Energy Resources Inc.'s Michelin uranium project in Labrador, Canada

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