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Published : June 16th, 2009

Ongoing work-program underlines strong production potential of Sa ndman gold deposits

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June 16, 2009

Ongoing work-program underlines strong production potential of Sandman gold deposits

09-20

Fronteer Development Group Inc. (FRG - TSX/NYSE Amex) is pleased to announce that Newmont USA Limited ("Newmont"), a subsidiary of Newmont Mining Corporation, has provided the results from a further 16 holes recently drilled as part of their 2009 US$5M work-program at the Sandman gold project in Nevada.  

Drilling continues to focus on two gold deposits, Silica Ridge and Southeast Pediment, which are quickly emerging as a series of high-quality assets in an underexplored part of Nevada.  These deposits, separated by six kilometres along the Sleeper Trend, already display compelling production attributes, including:

  • High gold and silver grades, characteristic of productive epithermal vein systems;
  • Wide intervals of mineralized wallrock surrounding the high grade vein networks;
  • Oxidized and outcropping mineralization potentially amenable to heap-leaching and open-pit mining;
  • Excellent surrounding infrastructure; and  
  • Located in the mining-friendly jurisdiction of Nevada.

At Silica Ridge, eight new drill holes have intersected oxidized gold mineralization, all within 40 metres of surface.  Highlights include:

  • 8.35 grams per tonne gold over 4.94 metres in NSM-104;
  • 7.63 g/t  over 10.18 metres, including 17.22 g/t over 3.90 metres in NSM-106; and
  • 12.32 g/t over 3.75 metres (starting at surface) in NSM-109.

Wider intervals of lower grade mineralization were also intersected in numerous holes. Using a 0.3 g/t cut-off, these intervals include:

  • 0.89 g/t  over 17.59 metres in NSM-41; and
  • 0.96 g/t over 23.01 metres in NSM-103.

Mineralization at Silica Ridge occurs over a 700x250m area, down to a vertical depth of at least 50 metres, and remains open in all directions.

"We continue to encounter near-surface, high-grade mineralization at Sandman. The significance of these results supports our recently completed priority analysis that ranks Sandman among Fronteer's highest quality assets in Nevada," says Troy Fierro, Fronteer Chief Operating Officer. "While many companies are reworking historic mining properties, Fronteer continues to define resources in undeveloped areas."

At Southeast Pediment, eight holes have intersected oxidized gold mineralization, all within 40 metres of surface.  Highlights include:

  • 3.91 g/t over 7.59 metres in NSM-56;
  • 1.07 g/t over 10.21 metres in NSM-58; and
  • 1.51 g/t over 13.05 metres in NSM-72.

The Southeast Pediment Deposit has only been tested to a vertical depth of 200 metres and remains open in all directions. Two nearby geophysical/geochemical anomalies have yet to be drill tested.  

Newmont's ongoing 2009 work-program will provide the foundation for development activities. The overall objectives of the 2009 development program are to focus on the known deposits at Southeast Pediment and Silica Ridge and drill a combination of HQ and PQ core holes to:

  • confirm the character of gold mineralization (size range of the gold);
  • obtain bulk metallurgical material for mill grade and potential heap leach metallurgical tests;
  • and improve the understanding of the geology and ore controls of the mineralization.

The 2009 exploration program will focus on finding additional mineralization along the known structural trends from two of the four existing gold resource areas, and also target new areas generated from geological mapping and the results of recent geophysical and geochemical surveys.

SANDMAN DRILL RESULTS

Hole ID

From (m)

To    (m)

Interval (m)

Au  (g/t)

Au (oz/t)

Ag (g/t)

Cut-off  (g/t Au)

Target Area

 

 

 

 

 

 

 

 

 

NSM-56

29.26

36.85

7.59

3.91

0.114

22.68

0.5

South East Pediment

including

32.86

34.32

1.46

14.35

0.419

27.91

2.0

 

 

 

 

 

 

 

 

 

 

NSM-58

29.32

39.53

10.21

1.07

0.031

15.29

0.3

South East Pediment

including

29.32

32.31

2.99

0.65

0.019

14.70

0.5

 

including

34.44

37.09

2.65

1.82

0.053

18.49

0.5

 

including

38.01

39.53

1.52

1.13

0.033

16.48

0.5

 

 

 

 

 

 

 

 

 

 

NSM-67

17.07

19.93

2.87

0.62

0.018

8.41

0.3

South East Pediment

and

24.90

27.98

3.08

0.64

0.019

12.01

0.3

 

including

25.60

27.98

2.38

0.72

0.021

13.23

0.5

 

and

30.94

35.20

4.27

2.11

0.062

7.80

0.5

 

including

30.94

33.10

2.16

3.55

0.104

10.01

2.0

 

 

 

 

 

 

 

 

 

 

NSM-71

2.83

14.78

11.95

0.62

0.018

7.47

0.3

South East Pediment

including

8.66

12.56

3.90

1.05

0.031

6.42

0.5

 

and

17.77

25.45

7.68

1.24

0.036

13.04

0.5

 

including

23.93

25.45

1.52

2.80

0.082

20.09

2.0

 

 

 

 

 

 

 

 

 

 

NSM-72

9.85

12.19

2.35

0.81

0.024

6.35

0.5

South East Pediment

and

14.48

27.52

13.05

1.51

0.044

14.78

0.3

 

including

16.86

26.15

9.30

2.00

0.058

19.36

0.5

 

including

22.04

24.99

2.96

4.41

0.129

27.98

2.0

 

and

39.62

47.52

7.89

0.47

0.014

1.90

0.3

 

including

39.62

42.76

3.14

0.57

0.017

3.30

0.5

 

 

 

 

 

 

 

 

 

 

NSM-73

7.74

9.33

1.59

0.54

0.016

1.41

0.3

South East Pediment

including

7.74

8.75

1.01

0.67

0.019

0.89

0.5

 

 

 

 

 

 

 

 

 

 

NSM-78

32.31

33.19

0.88

0.57

0.017

4.39

0.5

South East Pediment

 

 

 

 

 

 

 

 

 

NSM-80

74.92

76.54

1.62

0.99

0.029

1.10

0.5

South East Pediment

 

 

 

 

 

 

 

 

 

NSM-37

12.34

20.21

7.86

0.83

0.024

8.72

0.3

Silica Ridge

including

12.34

17.37

5.03

1.09

0.032

10.49

0.5

 

and including

16.40

17.37

0.98

2.19

0.064

5.21

2.0

 

 

 

 

 

 

 

 

 

 

NSM-41

4.45

22.04

17.59

0.89

0.026

8.81

0.3

Silica Ridge

including

4.45

12.80

8.35

1.00

0.029

7.50

0.5

 

including

14.17

17.89

3.72

1.34

0.039

15.16

0.5

 

and including

14.17

14.84

0.67

3.64

0.106

22.70

2.0

 

 

 

 

 

 

 

 

 

 

NSM-103

0.00

23.01

23.01

0.96

0.028

62.53

0.3

Silica Ridge

including

0.00

6.61

6.61

1.32

0.039

98.69

0.5

 

and including

5.55

6.13

0.58

2.22

0.065

173.69

2.0

 

including

7.56

18.29

10.73

1.00

0.029

57.73

0.5

 

including

19.17

21.49

2.32

0.57

0.017

28.34

0.5

 

 

 

 

 

 

 

 

 

 

NSM-104

4.66

14.87

10.21

4.48

0.131

39.52

0.3

Silica Ridge

including

6.83

11.77

4.94

8.35

0.244

57.29

2.0

 

including

13.78

14.87

1.10

2.31

0.067

30.89

2.0

 

and

15.33

18.59

3.26

0.86

0.025

37.55

0.5

 

and

19.75

21.79

2.04

0.61

0.018

10.99

0.5

 

 

 

 

 

 

 

 

 

 

NSM-105

0.00

7.99

7.99

2.03

0.059

46.49

0.5

Silica Ridge

including

4.54

6.10

1.55

3.78

0.110

40.01

2.0

 

 

 

 

 

 

 

 

 

 

NSM-106

38.86

49.04

10.18

7.63

0.223

44.62

0.5

Silica Ridge

including

38.86

41.73

2.87

2.68

0.078

10.91

2.0

 

and including

42.73

46.63

3.90

17.22

0.502

77.25

2.0

 

 

 

 

 

 

 

 

 

NSM-108

0.00

2.87

2.87

2.26

0.066

8.26

0.5

Silica Ridge

including

0.00

1.34

1.34

2.77

0.081

7.51

2.0

 

and

20.48

27.77

7.28

1.22

0.036

56.51

0.5

 

and

28.59

36.30

7.71

0.72

0.021

21.84

0.3

 

including

29.54

31.76

2.23

1.06

0.031

46.12

0.5

 

including

32.55

36.30

3.75

0.64

0.019

6.51

0.5

 

 

 

 

 

 

 

 

 

 

NSM-109

0.00

3.75

3.75

12.32

0.359

19.78

2.0

Silica Ridge

and

6.71

7.56

0.85

2.64

0.077

56.58

2.0

 

and

8.66

13.78

5.12

1.46

0.043

35.63

0.3

 

including

8.66

12.01

3.35

2.00

0.058

44.18

0.5

 

and including

9.85

12.01

2.16

2.72

0.079

56.58

2.0

 

and

20.33

33.86

13.53

0.65

0.019

27.69

0.3

 

including

20.33

25.79

5.46

0.80

0.023

30.16

0.5

 

including

26.82

27.74

0.91

0.50

0.015

22.70

0.5

 

including

28.90

30.14

1.25

0.61

0.018

37.61

0.5

 

including

31.36

33.86

2.50

0.65

0.019

23.33

0.5

 










Note: The true width of the mineralizedzones is estimated to be approximately 90% of those stated. Primary compositeintervals were calculated using a cut-off of 0.3 g/t Au, 0.5 g/t Au and 2.0 g/tAu for the higher grade internal intervals. No gold values below the 0.30g/t Au cut-off were included as internal dilution. The lower 0.3 g/t cut off isused to conform with the 43-101 compliant resources previously calculated onthe Sandman Project.

Assays results are currently remaining for an additional 19 holes from the 2009 Phase 1 program completed on April 17, 2009.

Under the terms of the Sandman option and joint-venture agreement, Newmont can earn an initial 51% interest in the project by making a positive production decision by June 2011, spending a minimum of US$14 million on exploration and development, making a commitment to fund and construct a mine, and completing a feasibility study. Thereafter, Newmont may earn an additional 9% interest in Sandman by spending a further US$9 million on development. Fronteer can elect to have Newmont arrange financing for its 40% of ongoing development costs in the joint venture.

Drill samples and analytical data for the Sandman project are being collected under the supervision of Newmont, Fronteer's joint venture partner and project operator, using industry standard QA-QC protocols. Fronteer's James Ashton P.E., who is the QP responsible for compiling the data contained in this release, has not verified the data; however, the grades and widths reported here agree well with the Company's past results on the project and correspondence with the operator has given him no reason to doubt their authenticity. For further details on Sandman, please view the technical report prepared by Mine Development Associates ("MDA"), as of May 31, 2007, on SEDAR at http://www.sedar.com.
 
Sandman, Long Canyon and Northumberland are currently Fronteer's leading properties among its large portfolio of gold projects in Nevada.  

For more information on Sandman and Fronteer's other Nevada projects, visit:  http://www.fronteergroup.com/?q=content/nevada

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

 

 

 

FRG - TSX �2009 Fronteer Development Group | fronteergroup.com
FRG - NYSE Amex
Suite 1650, 1055 West Hastings, Vancouver, BC V6E 2E9
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VanEck Vectors Global Alternative Energy ETF

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Fronteer Gold is a gold exploration company based in Canada.

Fronteer Gold develops gold and uranium in Canada, and holds various exploration projects in Canada, in Mexico and in Turkey.

Its main assets in development are MICHELIN (UNDERGROUND) and MICHELIN (OPEN PIT) in Canada and its main exploration properties are GROUSE CREEK, OLYMPIC, REEF, BUFFALO CANYON, GOLD SPRINGS, DIXIE LAKE, RAINBOW PROJECT, INDA LAKE, SANDMAN, JACQUES LAKE (UNDERGROUND), JACQUES LAKE (OPEN PIT), NASH, INDA, GEAR, INDA - UNDERGROUND, INDA - OPEN PIT, GEAR - UNDERGROUND, GEAR - OPEN PIT and KLONDIKE NORTH in Canada, SANTA CRUZ PROJECT, PASCO CANYON and ROSE MINE in Argentina, BUNCE, FIREBALL RIDGE, GREEN MONSTER, HAYS CANYON, JPW, WEST PEQUOP, HALILAGA, TRINITY SILVER, AGI DAGI - DELI ZONE, LONG CANYON, NORTHUMBERLAND, AGI DAGI, YUNTDAG and HUM in Turkey, BAZA, ARABIA, GYPSUM VALLEY, PEQUOP SOUTH, LENOID and SINTER in Spain and SWISS BANK in Mexico.

Fronteer Gold is listed in Canada, in Germany and in United States of America. Its market capitalisation is 701.2 millions as of today (US$ 728.5 millions, € 503.2 millions).

Its stock quote reached its lowest recent point on December 31, 2004 at 0.30, and its highest recent level on April 08, 2011 at 14.78.

Fronteer Gold has 47 442 200 shares outstanding.

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CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 8.91-2.73%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.59-3.26%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.05+10.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.06+0.00%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
 12.67+0.88%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.34+6.25%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.19+2.70%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
 1.77-2.21%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 40.37-0.22%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+0.00%Trend Power :
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