10-41
Fronteer Gold (FRG: TSX/NYSE-Amex) reports
that core drilling adjacent to, and beneath, historic pits at the company's
wholly owned Northumberland gold deposit has returned excellent grades over
significant widths.
Fronteer Gold's goal is to advance Northumberland as a
combined open-pit and underground operation. The
majority of the drilling conducted to date by Fronteer
Gold has focused on defining high-grade domains of underground-mineable sulphide gold mineralization, which are now in the
process of being accessed via a 280-metre decline.
The other
important component of Northumberland's overall development program is to
define the open-pit mineable oxide and transitional material surrounding
the property's two shallow historic pits.
Core material, taken from seven holes located
within and around Northumberland's existing pits, will be composited into
samples for column leaching and other metallurgical testing at McClelland
Laboratories Inc. in Sparks, Nevada.
Assay
results from the
program's first four of these holes include wide intervals of open-pit mineable
gold mineralization. Drill highlights
include:
- 6.06 grams per tonne gold over 16.92 metres,
including 8.93 g/t gold over 7.62 metres;
and a separate zone that returned 2.44 g/t gold over 44.20 metres, in FNU43;
- 2.93 g/t gold over 30.18 metres in FNU45; and
- 2.78 g/t gold over 19.81 metres in FNU44.
Silver is also an important component of
mineralization at Northumberland, where rich epithermal veins were mined in
the late 1800s. High-grade silver
highlights from new drilling include:
- 369.50 g/t silver over 3.05
metres in FNU44;
- 154.93 g/t silver over 4.57
metres, including 457.0 g/t silver over 1.52
metres; and 55.33 g/t silver over 3.66 metres in FNU43; and
- 43.72 g/t silver over 2.74 metres in FNU46.
For a map highlighting this new drilling, please
click: http://www.fronteergold.com/sites/files/fronteer_admin/NorthumberlandDrillMap1041.pdf
DRILL RESULTS
|
From
|
To
|
Interval
|
Au
|
Au
|
Ag
|
Cut-off
|
|
(metres)
|
(metres)
|
(metres)
|
(g/t)
|
(oz/ton)
|
(g/t)
|
(g/t Au)
|
FNU043
|
92.96
|
97.54
|
4.57
|
0.65
|
0.019
|
154.93
|
0.3
|
including
|
94.49
|
96.01
|
1.52
|
1.07
|
0.031
|
457.00
|
0.5
|
and
|
102.11
|
109.73
|
7.62
|
1.05
|
0.031
|
2.90
|
0.3
|
and
|
155.45
|
172.36
|
16.92
|
6.06
|
0.177
|
7.00
|
0.3
|
including
|
155.45
|
163.07
|
7.62
|
8.93
|
0.260
|
7.95
|
2.0
|
including
|
164.90
|
172.36
|
7.47
|
4.56
|
0.133
|
7.58
|
2.0
|
and
|
186.84
|
190.50
|
3.66
|
2.61
|
0.076
|
55.33
|
0.5
|
and
|
199.64
|
243.84
|
44.20
|
2.44
|
0.071
|
4.60
|
0.3
|
including
|
225.86
|
235.00
|
9.14
|
2.96
|
0.086
|
3.46
|
2.0
|
including
|
238.35
|
243.84
|
5.49
|
6.09
|
0.178
|
6.17
|
2.0
|
FNU044
|
7.62
|
10.67
|
3.05
|
1.24
|
0.036
|
369.50
|
0.5
|
and
|
59.13
|
65.53
|
6.40
|
1.40
|
0.041
|
2.07
|
0.3
|
including
|
60.05
|
63.09
|
3.05
|
2.49
|
0.073
|
2.48
|
2.0
|
and
|
96.01
|
99.06
|
3.05
|
1.07
|
0.031
|
5.47
|
0.5
|
and
|
111.25
|
131.06
|
19.81
|
2.78
|
0.081
|
5.24
|
0.5
|
including
|
117.35
|
131.06
|
13.72
|
3.35
|
0.098
|
6.61
|
2.0
|
and
|
133.72
|
136.70
|
2.99
|
1.67
|
0.049
|
6.28
|
0.5
|
FNU045
|
43.89
|
74.07
|
30.18
|
2.93
|
0.085
|
3.93
|
0.3
|
including
|
47.24
|
51.82
|
4.57
|
3.51
|
0.102
|
5.04
|
2.0
|
including
|
53.34
|
67.36
|
14.02
|
3.90
|
0.114
|
4.65
|
2.0
|
FNU046
|
24.08
|
26.82
|
2.74
|
0.57
|
0.017
|
43.72
|
0.3
|
and
|
31.39
|
32.67
|
1.28
|
1.12
|
0.033
|
48.60
|
0.5
|
Composite intervals in this table are created at a range of 0.3 g/t gold
and 0.5 g/t gold cut offs. Several values below the cutoff are included as
part of the mineralized zone. True widths of
the mineralized intervals generally range between 80-100% of the reported
lengths.
UNDERGROUND DEVELOPMENT PROGRAM
Contractor J.S. Redpath Corporation of Sparks,
Nevada, has commenced construction of a 280-metre long decline to access
deeper high-grade mineralization within the deposit.
The purpose of the decline is three-fold:
- To provide the most
cost-effective method for future exploration/definition drilling and
the best opportunity to assess controls on high-grade mineralization.
- To provide access for
extraction of bulk samples for metallurgical testing and pilot
testing.
- To afford an easy
transition from exploration to production.
James Ashton P.E. is designated as a
Qualified Person for the Northumberland drill results, with the ability and
authority to verify the authenticity of, and validity of these data.
Drill composites were calculated using a cut-off of 0.3 g/t. Drill
intersections are reported as drilled thicknesses. 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 5.0 g/t
(over 100 g/t for
silver) 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 of numerous standards and blanks into the sample stream, and the
insertion of duplicate samples at random intervals within each batch. Holes
are also analyzed for a 51-element geochemical suite by ICP-MS/-AES.
ABOUT FRONTEER
GOLD
We intend to become a significant gold producer.
Our future potential production platform includes our Long Canyon, Sandman
and Northumberland projects - all located in Nevada. We also have a
40% interest in Halilaga, an emerging copper-gold porphyry deposit in
northwestern Turkey, and 100% ownership of Aurora Energy Resources Inc,
developer of one of the world's largest uranium deposits, based in
Labrador, Canada. For further information on Fronteer Gold, visit
www.fronteergold.com or contact:
Mark
O'Dea, President & CEO
Patrick Reid, Senior Director, Institutional Marketing
Phone 604-632-4677 or Toll Free 1-877-632-4677
info@fronteergold.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, potential
type of mining operation and timing and size of exploration and development
programs involve known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievement of Fronteer
Gold 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 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
Gold's Annual Information form and Fronteer Gold's latest Form 40-F on file
with the United States Securities and Exchange Commission in Washington,
D.C. Although Fronteer Gold 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 Gold 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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