Frontline Gold Corp.

Published : March 03rd, 2011

Frontline Gold Corp.

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Keywords :   Copper | Gold | Gold Mine | Gold Reserves | Mali | Market | Turkey |

News Release

Frontline Gold Corp.

Frontline Announces $500,000 Exploration Program at Efem�ukuru

 

Frontline Gold Corp. (TSX-V: FGC)(�Frontline�) is pleased to announce commencement of a $500,000 exploration program at its 90%-owned Efem�ukuru Gold Project located in Izmir Province, Turkey.

 

Frontline�s Efem�ukuru Gold Permits

 

Frontline, through its 90% owned Turkish subsidiary, holds 6,194 hectares (62 km�) located at Efem�ukuru, Turkey as illustrated in the attached map.

 

Frontline has a strategic alliance in Turkey with Aegean Gold Madencilik Ltd. Sti (�Aegean�), a Turkish corporation, for the acquisition and exploration of mineral exploration properties in Turkey whereby Aegean Gold assisted with the sourcing of new permits. Aegean owns the remaining 10% of Frontline�s Turkish subsidiary.

 

Frontline�s Efem�ukuru Permits are contiguous to Eldorado Gold Corporation�s (�Eldorado�) project of the same name that consists of 2,262 hectares (22 km�), which currently hosts significant high-grade gold reserves and resources as listed below:

 

Proven +Probable Reserves

1,506,000 ounces Au

9.10 g/t

Measured + Indicated Resources

1,700,000 ounces Au

9.55 g/t

Inferred Resources

    352,000 ounces Au

6.43 g/t

 

[Source: Eldorado Gold Corp. Technical Report dated August 1, 2007, available on www.sedar.com]

 

Recent drilling by Eldorado on its Kokarpinar vein system, which strikes south-easterly towards Frontline�s Efem�ukuru property, has delivered impressive results.  Eldorado�s drill hole KV 355 is located approx. 500 metres along the vein system interpreted strike from the boundary of Frontline�s property.

 

Background Geology & Mineralization of Eldorado�s Nearby Efem�ukuru Underground Gold Mine

 

In News Release dated June 17, 2010, Eldorado Gold reported the following information: �The Kokarpinar vein is parallel to and lies approximately 400 meters east of the Kestane Beleni vein, which contains a Proven and Probable Reserve of 1,506,000 ounces of gold. Six drillholes completed in late 2009 and an additional six drilled in the first part of 2010 have tested the previously undrilled central portion of the vein over a strike length of 600 meters. All drillholes intersected the vein at or near projected depths. The vein is dominated by coloform and crustiform banded rhodonite, quartz, and sulfide, texturally and mineralogically similar to the high-grade Kestane Beleni vein. Four of the holes have returned potentially economic grades and thicknesses.  We are encouraged by the continuity of the vein and the presence of local high gold grades, and consider the significant untested portions of the vein to be highly prospective. Exploration drilling will continue along strike and down dip.

 

Eldorado�s Kokarpinar vein significant drill-hole intersections from 2009/10 drill program:

 

 

Hole ID

From (m)

To (m)

Interval (m)

Avg grade Au (g/t)

Ag (g/t)

Pb (%)

ZN (%)

KV-344

230.10

232.55

2.45

1.90

11.5

0.1

0.3

KV-346

And

257.00

258.88

260.70

259.60

3.70

0.72

11.08

39.10

7.7

18.4

0.3

0.3

0.6

0.5

KV-348

And

293.10

299.25

294.10

300.85

1.00

1.40

2.88

5.79

4.1

56.6

0.1

1.7

0.1

4.2

KV-349

287.24

288.24

1.00

7.23

5.8

1.1

0.6

KV-352

And

121.35

178.80

122.64

179.25

1.29

0.45

1.16

0.75

25.1

70.0

3.4

8.3

3.5

3.0

KV-355

And

246.60

303.20

247.22

306.30

0.62

3.10

18.80

12.02

22.2

10.4

0.5

bd

0.7

bd

KV-357

and

and

298.10

315.80

324.80

301.67

317.80

325.91

3.57

2.00

1.11

.02

.07

.05

6.5

22.7

22.1

1.1

2.8

1.9

0.9

5.3

3.9

 �bd� denoted below detection. Assayed intervals represent approximate true widths.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

[Source: Eldorado Gold Corp. News Release dated June 17, 2010, available on www.sedar.com]

 

�Gold and base metal mineralization in the Efem�ukuru deposit is hosted in three north to northwest-trending epithermal veins, which crosscut hornfels, phyllites, and rhyolite dikes. The main vein, which is the focal point of this study, is the Kestane Beleni Vein. A second sub-parallel structure known as the Kokarpinar Vein outcrops approximately 450 m northeast of the Kestane Beleni Vein and the Mezarlik Tepe Vein is located approximately 500 m west of the Kestane Beleni Vein. The Mezarlik Tepe Vein has been treated as an extension of the Kestane Beleni Vein in previous studies, but is separated here for discussion purposes.

 

The Kestane Beleni vein is characterized by multi-stage breccias containing abundant wall rock and vein fragments, and to a lesser extent, layered vein textures. The vein was emplaced along an active fault system, and the abundant breccias are a result of fault induced hydro-fracturing within a dilational segment of the controlling fault. The vein has a sigmoidal form in plain view, the geometry of which supports oblique dextral and normal movement on the controlling fault system. Most vein intersections contain fault zones along one or both vein contacts, or internal to the vein itself. The position of these faults is difficult to predict, and they do not correlate easily between adjacent drill holes. They likely form an anastamosing network formed during post-mineral reactivation of the controlling fault.

 

The Kestane Beleni Vein has an approximate strike length of 1,100 m.�

 

 

[Source: Eldorado Gold Corp. Technical Report dated August 1, 2007, available on www.sedar.com]

 

 

Commentary About Significance of Eldorado�s Nearby Efem�ukuru Project

 

Frontline�s President & CEO, Walter Henry, commented that �The potential of the Efem�ukuru area of Western Turkey has been well-proven by Eldorado Gold.� Henry further stated, �The recent exploration results from Eldorado Gold�s Kokarpinar Vein have dramatically altered the landscape for Frontline, which added a sense of urgency to beginning exploration on this new ground.�

 

Accordingly, Frontline has begun its $500,000 exploration program consisting of geological mapping, rock and soil sampling, trenching, and geophysics with subsequent drilling.

 

 

Frontline Gold Corp. (FGC: TSX-V) is a Canadian junior mineral exploration company with an experienced discovery team and a proven record of accomplishment. The Company�s flagship Niaouleni gold project lies in the heart of Mali South in West Africa's prolific gold belt. Frontline is currently developing its gold projects in the Izmir province of Western Turkey, which consist of the Efemcukuru, Odemis, Ordu and Kure properties.  Ongoing Canadian exploration includes the Red Lake (gold) and Stewart (gold-copper-polymetallic) projects.

 

The Qualified Person under National Instrument (NI 43-101) Standards of Disclosure for Mineral Projects for this News Release is Greg Isenor, P. Geo., VP Exploration & Director of Frontline Gold Corp., who has reviewed and approved its contents.

 

For further information, please visit the Company�s website at www.frontlinegold.com to view the most recent corporate presentation.

�Walter Henry�

 

Contact:           Walter Henry

Telephone:      (416) 414-5825

Fax:                   (902) 832-2223

Email:               info@frontlinegold.com

Website:          www.frontlinegold.com

 

Frontline Gold Corp. (TSX-V: FGC)

Suite 802 - 1550 Bedford Highway
Bedford, NS B4A 1E6

     Walter Henry, President & CEO
     FRONTLINE GOLD CORP.

 

This news release contains forward-looking statements, which address future events and conditions, which are subject to various risks and uncertainties. The Company�s actual results, programs and financial position could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, some of which may be beyond the Company�s control.  These factors include: the availability of funds; the timing and content of work programs; results of exploration activities and development of mineral properties, the interpretation of drilling results and other geological data, the uncertainties of resource and reserve estimations, receipt and security of mineral property titles; project cost overruns or unanticipated costs and expenses, fluctuations in metal prices; currency fluctuations; and general market and industry conditions.

Forward-looking statements are based on the expectations and opinions of the Company�s management on the date the statements are made.  The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the TSX Venture Exchangeaccepts responsibility for the adequacy or accuracy of this release.

.
Data and Statistics for these countries : Mali | Turkey | All
Gold and Silver Prices for these countries : Mali | Turkey | All

Frontline Gold Corp.

EXPLORATION STAGE
CODE : FGC.V
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Frontline Gold is a gold exploration company based in Canada.

Frontline Gold holds various exploration projects in Mali and in Turkey.

Its main exploration properties are JUBILEE in Canada, NIAOULENI in Mali and MENDERES in Turkey.

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Financings of Frontline Gold Corp.
9/30/2013Announces Closing of Private Placement
5/30/2013Extends Private Placement
4/17/2013Extends Private Placement
2/22/2013Announces a $500,000 Non-Brokered Private Placement
6/8/2011Announces Closing of First Tranche of Private Placement
5/4/2011Announces Private Placement
Option Grants of Frontline Gold Corp.
3/19/2013Announces Stock Option Grant
10/25/2011Announces Stock Option Grant
Nominations of Frontline Gold Corp.
8/26/2011Announces Appointment of Tom Hussey as Board Member
Project news of Frontline Gold Corp.
5/6/2016Frontline announces acquisition of Rainy River Properties St...
4/2/2013(Menderes)Completes 100% Interest in Menderes Turkey Asset
1/30/2013(Menderes)Amends the Terms of Its Option Agreement Regarding the Mende...
5/22/2012Expands Poly Project in the Stewart Gold Camp, NW BC
4/19/2012highlights planned 2012 Exploration Programs at its Poly and...
2/22/2012(Menderes)Commences Diamond Drill Program on the Menderes Gold Project...
1/12/2012Provides an Update on the 2011 Exploration Programs at the P...
1/4/2012(Menderes)Announces Drill Contract for Menderes Gold Project, Located ...
10/25/2011Provides an Update on the 2011 Exploration Program on the Po...
10/13/2011(Niaouleni)intersects 1.76 g/t Au over 8.5 metres and extends the R1 go...
9/22/2011announces the commencement of the 2011 diamond drill program...
8/24/2011Announces Drill Contract for the Poly Project in the Stewart...
6/30/2011Reports the Initiation of the 2011 Exploration Programs on t...
6/29/2011(Menderes)Completes Soil Geochemistry Analysis and Commences IP Survey...
5/30/2011(Menderes)Advances Initial Exploration at Menderes Gold Project, Izmi...
5/5/2011Frontline Gold Stewart Camp Property Payments
4/27/2011Stewart Camp Property Payments
4/12/2011Stewart Camp Property Payments
4/1/2011(Menderes)Renames Turkish Gold Project
2/22/2011(Niaouleni)Confirms 4 Gold Structures at Niaouleni and Intersects 21.56...
Corporate news of Frontline Gold Corp.
6/22/2016Frontline announces an increase to the Loan funding to advan...
5/31/2016Frontline Announces Keban Tailings Assays, (including signif...
5/10/2016Frontline Announces Increase in Keban Tailings Tonnage and P...
4/20/2016Frontline secures funding to advance production at its Kambe...
4/7/2016Frontline Acquires Fully Permitted Keban and Kambertepe Tail...
7/22/2015Frontline Provides Update on its Menderes Gold Project, Plan...
12/18/2014Frontline Options Baird Property Along Pure Gold's Madsen Go...
12/18/2014Frontline Options Chukuni Property Along Goldcorp's Red Lake...
8/28/2014Frontline Gold - Results of Annual and Special General Meeti...
8/13/2014TSX Venture Exchange Daily Bulletins
5/28/2014IIROC Trading Resumption - FGC
5/21/2014IIROC Trading Halt - FGC
6/7/2013Announces Shares for Debt Agreement for US$200,000
6/7/2013Announces Shares for Debt Agreement for US$200,000
5/29/2013Defending Claim
5/28/2013-Results of Annual and Special General Meeting of Shareholde...
5/28/2013-Results of Annual and Special General Meeting of Shareholde...
3/27/2013Announces Shares for Debt Transaction
3/14/2013Initiates Strategic Review Process
3/13/2013Announces Significant Drill Ready Base-Precious Metal VMS Ta...
11/8/2012(Menderes)Announces Discussions Regarding Menderes Turkey Asset
10/2/2012Announces Completion of Phase 1, 2012 Follow-Up Program on t...
7/4/2012Results of the Annual and Special General Meeting of Shareh...
6/5/2012(Menderes)Submits Application for Operating License on the Menderes Pr...
8/23/2011Identifies 2 IP Anomalies from IP/Resistivity Survey
8/17/2011Divests Share Position held in Merrex Gold Inc.
8/17/2011Edison Investment Research report on Frontline Gold
7/13/2011-Results of the 2011 Annual and Special General Meeting of S...
6/23/2011Annual and Special Meeting of Shareholders
6/22/2011Announces Loan from President and CEO
6/15/2011Announces Initiation of Edison Investment Analyst Coverage
5/19/2011(Niaouleni)New Gold Discovery and Resumption of Diamond Drilling at Nia...
5/5/2011Engages Auburn Partners as Investor Relations Consultants
4/27/2011Stewart Property Payments
4/12/2011Frontline Gold Corp.
4/7/2011Adds Darryl Sittler as an Independent Director to Board
4/7/2011(Niaouleni)Makes a Gold Discovery, Completes RC Drilling Program and Re...
3/3/2011Announces $500,000 Exploration Program at Efemcukuru
2/23/2011Frontline Gold Corporation
2/23/2011-Stock Options
2/23/2011Stock Options
2/22/2011Frontline Gold Corporation
2/11/2011Frontline Gold Corporation
2/1/2011Frontline Gold Corporation
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