Labrador The 50:50 joint venture of FRONTEER DEVELOPMENT and ALTIUS MINERALS has uncovered uranium-containing rock samples from the Central Mineral Belt (CMB) of Labrador in 2003, with values of between 1.5% and 28.2% U3O8. The partners are hunting for "Olympic Dam-style" IOCG deposits.
The two companies control nearly 30,000 hectares of land covering hundreds of uranium showings and the historic Michelin and Post Hill uranium deposits. These deposits are to be re-evaluated for their polymetallic potential, in particular gold, copper and silver.
Information about mineral occurrences, alteration and structure in the CMB are available at www.fronteergroup.com.