09-22
Fronteer
Development Group Inc. (FRG - TSX/NYSE Amex) is pleased to announce that it
has intersected more wide intervals of high grade mineralization and
discovered an additional gold zone at its 51%-owned and operated Long
Canyon project in northeastern Nevada.
Work
to date in 2009 has focused on both infill drilling for ongoing
metallurgical purposes and testing a new target located entirely outside of
the current resource area.
Metallurgical
holes have been very encouraging and continue to demonstrate the strong
continuity and high-grade nature of gold mineralization at Long Canyon.
Highlights include:
- 4.15 grams per tonne gold
(0.121 ounces per ton) over 50.8 metres, including 6.98 (0.204 oz/ton)
over 15.2 metres in hole LCM13;
- 3.46 g/t gold (0.101
oz/ton) over 14.9 metres, including 8.05 g/t (0.235 oz/ton) over 2.0
metres in LCM03;
- 4.15 g/t (0.121 oz/ton)
over 17.1 metres, including 7.53 g/t (0.220 oz/ton) over 6.1 metres in
LCM17.
Of
equal significance, drilling that tested a new target has intersected gold
mineralization over a 200-metre strike length. The new zone, called the
Syncline Zone, is located 400 metres southeast and parallel to the
Discovery Zone. Fronteer geologists developed the Syncline target through
geological modeling of the known deposit and extrapolation into other
areas. Drilling in 2009 will test additional targets located outside of the
current resource area.
Highlights
from the Syncline Zone include:
- 2.95 g/t (0.086 oz/ton)
over 7.6 metres, including 6.99 g/t (0.204 oz/ton) over 1.5 metres in
LC233; and
- 2.63 g/t (0.077 oz/ton)
over 3.0 metres in LC235.
LONG
CANYON DRILL HIGHLIGHTS
Hole ID
|
From
|
To
|
Intercept
length
|
Au
|
Au
|
|
(metres)
|
(metres)
|
(metres)
|
oz/t
|
(g/t)
|
|
|
|
|
|
|
LC233
|
29.0
|
36.6
|
7.6
|
0.086
|
2.95
|
Including
|
30.5
|
32.0
|
1.5
|
0.204
|
6.99
|
|
|
|
|
|
|
LC235
|
10.7
|
13.7
|
3.0
|
0.077
|
2.63
|
|
|
|
|
|
|
LC240
|
122.0
|
128.0
|
6.1
|
0.030
|
1.03
|
|
|
|
|
|
|
LCM03
|
12.4
|
17.8
|
5.4
|
0.194
|
6.64
|
Including
|
15.7
|
16.9
|
1.2
|
0.686
|
23.50
|
|
23.8
|
38.7
|
14.9
|
0.101
|
3.46
|
Including
|
24.6
|
25.3
|
0.7
|
0.177
|
6.05
|
|
35.5
|
37.5
|
2.0
|
0.235
|
8.05
|
|
|
|
|
|
|
LCM07
|
5.6
|
7.9
|
2.3
|
0.030
|
1.03
|
|
|
|
|
|
|
LCM12
|
104.9
|
105.5
|
0.61
|
0.050
|
1.72
|
|
|
|
|
|
|
LCM13
|
60.4
|
111.1
|
50.8
|
0.121
|
4.15
|
Including
|
62.9
|
78.2
|
15.2
|
0.204
|
6.98
|
And including
|
89.3
|
108.8
|
19.5
|
0.131
|
4.48
|
|
|
|
|
|
|
LCM14
|
50.3
|
57
|
6.7
|
0.111
|
3.81
|
|
64.6
|
90.1
|
25.5
|
0.077
|
2.65
|
Including
|
66.2
|
67.7
|
1.5
|
0.205
|
7.01
|
Including
|
75.3
|
78.2
|
2.9
|
0.166
|
5.68
|
|
|
|
|
|
|
LCM17
|
94.5
|
111.6
|
17.1
|
0.121
|
4.15
|
Including
|
102.1
|
108.2
|
6.1
|
0.220
|
7.53
|
Including
|
106.4
|
106.7
|
0.3
|
0.969
|
33.20
|
*True widths of the
mineralized intervals are interpreted to be between 70-100% of the reported
lengths. The Classified Mineral Resource estimate comprises a cut-off grade
of 0.30 g/t gold. Results less than 1 g/t not reported in this
press-release table. "LCM" identifies metallurgical holes.
For a PDF of comprehensive drill results, including non-reportable
intercepts, please click: http://www.fronteergroup.com/sites/files/fronteer_admin/LongCanyonDrillResults0922.pdf
For
a map highlighting recent drilling, please click: http://www.fronteergroup.com/sites/files/fronteer_admin/LongCanyonDrillMap0922.pdf
Approximately
US$10 million of the US$14.1-million work-program budget for 2009 will be
spent on drilling, with 47,000 metres planned. Approximately 5,900 metres
and 56 holes have been drilled since April 2009. The balance of the
year's budget will be spent on preliminary environmental, engineering and
metallurgical studies to begin assessing potential processing options and
economics of the deposit.
Fronteer
owns more than 400,000 acres of mineral rights in this new region. Long
Canyon, Sandman and Northumberland are Fronteer's most advanced gold
projects and comprise the Company's future production platform in Nevada.
For an animated video showing Long
Canyon's current resource, please click: http://www.fronteergroup.com/sites/fronteer_admin/FRG_LongCanyon_May0509_CLIP.wmv
For more information on Long Canyon and
Fronteer's other Nevada projects, visit: http://www.fronteergroup.com/?q=content/nevada
Moira
Smith, Ph.D., and Professional Geologist as recognized by the Association
of Professional Engineers and Geoscientists, British Columbia, is
designated as a Qualified Person for these Long Canyon drill results, with
the ability and authority to verify the authenticity of, and validity of,
this data. Drill composites were calculated using a cut-off of 0.30
g/t. Drill intersections are reported as drilled thicknesses. Reverse
circulation cuttings were sampled on 5.0 feet (1.52 metre) intervals and
core was sampled at geologically selected intervals. Drill samples
were assayed by ALS Chemex (ISO9001:2000) in Reno, Nevada for gold by Fire
Assay of a 30 gram (1 assay ton) charge with an AA finish, or if over 10.0
g/t were re-assayed and completed with a gravimetric finish. For these
samples, the gravimetric data were utilized in calculating gold
intersections. QA/QC included the insertion and continual monitoring of
numerous standards and blanks into the sample stream, and the collection of
duplicate samples at random intervals within each batch. Selected holes are
also analyzed for a 72-element geochemical suite by ICP-MS.
ABOUT FRONTEER
Fronteer is an exploration and development company with three key gold
projects in Nevada forming its platform for future gold production.
Fronteer also has a 40% interest in three gold and copper-gold
projects in western Turkey, and 100% ownership of Aurora Energy Resources,
a private subsidiary advancing a world-class uranium district in Labrador,
Canada. For further information on Fronteer visit www.fronteergroup.com
or contact:
Mark O'Dea, Ph.D,
P.Geo President and CEO
Richard Moritz, Director, Investor Relations
Glen Edwards, Director,
Communications
Phone 604-632-4677 or Toll Free 1-877-632-4677
info@fronteergroup.com
Except for the statements of
historical fact contained herein, certain information presented constitutes
"forward-looking statements" within the meaning of the United
States Private Securities Litigation Reform Act of 1995. Such
forward-looking statements, including but not limited to, those with
respect to potential expansion of mineralization, potential size of
mineralized zone, and size of exploration program involve known and unknown
risks, uncertainties and other factors which may cause the actual results,
performance or achievement of Fronteer to be materially different from any
future results, performance or achievements expressed or implied by such
forward-looking statements. Such factors include, among others, risks
related to international operations and joint ventures , the actual results
of current exploration activities, conclusions of economic evaluations,
uncertainty in the estimation of ore reserves and mineral resources,
changes in project parameters as plans continue to be refined, future
prices of gold and silver, environmental risks and hazards, increased
infrastructure and/or operating costs, labor and employment matters, and
government regulation and permitting requirements as well as those factors
discussed in the section entitled "Risk Factors" in Fronteer's
Annual Information form and Fronteer's latest Form 40-F on file with the
United States Securities and Exchange Commission in Washington, D.C. Although
Fronteer has attempted to identify important factors that could cause
actual results to differ materially, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can be no
assurance that such statements will prove to be accurate as actual results
and future events could differ materially from those anticipated in such
statements. Fronteer disclaims any intention or obligation to update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise. Accordingly, readers should not
place undue reliance on forward-looking statements
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