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Abitibi ups NSR on Frontline's Menderes gold project to 3%

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Abitibi ups NSR on Frontline's Menderes gold project to 3%

AbitibiRoyalties Inc. said July 6 that it has entered into a bindingletter of intent to acquire an additional 1% net smelter royalty on 'sMenderes goldproject in Turkey for C$20,000.

With the acquisition, Abitibi will up its total NSR interestin the project to 3%.

The company also said that Frontline will begin a 2,000-meterto 3,000-meter exploration drill program at the site in September to October.The proposed program will include five drill holes that will target possibleextensions of the veins found at Eldorado Gold Corp.'s Efemcukuru gold mine.