09-12
Fronteer Development Group Inc. (FRG - TSX/NYSE Amex) is pleased to announce the appointment of Troy J. Fierro as Chief Operating Officer ("COO"), a newly created executive position strengthening the Company's operational and mine-development expertise and focus.
"We have built a pipeline of robust projects and a healthy treasury to fund their advancement toward potential production," says Dr. Mark O'Dea, Fronteer President and CEO. "We are very pleased Mr. Fierro has joined our team as it greatly strengthens our operational expertise and clearly demonstrates our intent and ability to advance projects toward production."
As COO, Mr. Fierro will provide leadership in mine development, including engineering and design, mine construction, project start-up and operations management. Mr. Fierro is a proven operator and his appointment as COO will add significant mining experience to the current team as Fronteer transitions towards gold production.
Mr. Fierro has more than 25 years of industry experience. He has previously held senior mining roles with Metallica Resources Inc. and Coeur d'Alene Mines, including overseeing the development, construction or management of mines in Nevada, Mexico, Argentina, Chile and Alaska. Most recently, at Metallica Resources, he played the lead role in the construction of the Cerro San Pedro Mine in Mexico, Metallica's first operating asset
Fronteer's Nevada pipeline includes Long Canyon, a gold deposit commencing engineering and metallurgical work in 2009; Northumberland, a former operating mine showing clear development potential; and, Sandman, a property which Newmont USA Limited ("Newmont"), a subsidiary of Newmont Mining Corporation, has the option of advancing to a production decision by June 2011.
"I am very pleased to be associated with a company that has the depth of experience at both the management and board level. I believe Fronteer presents an excellent opportunity to translate the company's portfolio into exceptional shareholder gains through rapid and efficient development of existing and potential new mining projects," says Mr. Fierro. "Working with this strong, experienced leadership team will be beneficial to our shareholders as we enter a period of progressive growth, providing a solid platform from which to create long-term, sustainable value for all our shareholders."
Mr. Fierro has also served as a board member of the Nevada Mining Association and the Northwest Mining Association.
ABOUT FRONTEER
Fronteer is an exploration and development company with a track record of making big discoveries. Fronteer has an extensive gold project pipeline in Nevada, a 40% interest in three gold and copper-gold projects in western Turkey, and 100% ownership of Aurora Energy Resources (TSX - AXU), a leading Canadian uranium company. 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 advancing projects to production 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 mineralization, 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. |