Teck Resources Ltd. (TSX:TCK.B) and Fronteer Development Group Inc. (TSX:FRG) has announced a $2.7-million drill program for 2010 at their joint-venture Halilaga project.
Teck has a 60% stake in Halilaga, a copper-gold porphyry deposit in Turkey.
Fronteer has a 40% stake in Halilaga and said its share of the 2010 drill program would cost $1.1 million.
The program will include 10,000 metres of core drilling, with 8,500 metres planned for the project's main central zone.
"Halilaga provides Fronteer with real upside exposure to a significant copper-gold project in a district with excellent infrastructure," said Mark O'Dea, Fronteer's president and CEO.
Vancouver-based Fronteer also has projects in Nevada and Labrador.
Halilaga is part of a mineral district that also includes Fronteer's and Teck's former Agi Dagi and Kirazli gold deposits, which the companies sold to Alamos Gold Inc. (TSX:AGI) in January for $40 million.
Fronteer's share price range during the past week: $5.31 and $5.69; 52-week high: $5.75; 52-week low: $2.46.