Fronteer Gold

Published : June 28th, 2010

Provides mid-year update on advancement of its key gold projects

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June 28, 2010

Fronteer Gold provides mid-year update on advancement of its key gold projects

10-22

Fronteer Gold (FRG - TSX/NYSE Amex) provides a mid-year progress report on its key gold projects
in Nevada, as well as its gold and copper-gold projects in northwestern Turkey. 

 

Ten drill rigs are now operating at Fronteer Gold's projects, with an additional rig expected to be added by month's end. More than 65,000 metres are planned to be drilled across all projects this year. Approximately 26,000 metres have been drilled in 2010 to date, with 70 holes pending release.  The total budget for the gold projects summarized below is approximately $35 million, with Fronteer Gold responsible for $20 million of expenditures. 

 

TEAM BUILDING

 

Fronteer Gold has strengthened its development and operations team with the hiring of four key individuals:  Guy Jeske, General Manager, Long Canyon Project; Dan Anderson, Director, Environment & Permitting; Jim Gray, Director of Mineral Resources; and, Pamela Smith, Community Relations Coordinator.

 

Mr. Jeske, has nearly 30 years experience in mine operations as general manager, mining manager or mine superintendent at various mining operations in the U.S. - including two years as Vice President and General Manager of the Rochester Mine in Lovelock, Nevada. Mr. Jeske will be responsible for leading the day-to-day operations of our Long Canyon project.  Mr. Anderson, who has significant experience permitting both open pit and underground mining operations in Nevada through his time with Placer Dome, Barrick and Great Basin Gold, will play a key role in advancing our Nevada gold projects through the regulatory framework in a timely manner. Mr. Gray, formerly Manager of Resource Evaluations at Teck, will manage ongoing resource studies on all of our projects and assist with ongoing evaluations and due diligence efforts. Ms. Smith, formerly of Sunrise Engineering and Newmont, is responsible for maintaining and building relationships with communities and stakeholders in Nevada as we advance our projects. 


PROJECT HIGHLIGHTS - NEVADA

 

Northumberland

          Drilling of additional high-grade targets underway

          Construction of decline to commence in Q3

 

Northumberland is a large Carlin-type gold deposit located on private lands owned by Fronteer Gold. We have recently commenced a surface drill program to further define and extend high-grade domains at Northumberland. The $750,000 drill program will comprise nine core holes (2,500 metres) and test several high-grade targets. Fronteer Gold believes these high-grade domains are a key component of the deposit and need to be more fully understood. 

 

Fronteer Gold is currently soliciting bids from selected underground mining contractors for the construction of a 280-metre long decline to access high-grade mineralization within the deposit. Construction is scheduled to begin in Q3, with completion targeted for early 2011.  The decline will provide the most cost-effective platform for evaluating controls on high-grade mineralization, as well as conducting underground exploration/definition drilling and bulk sampling.


Sandman

  • Drilling underway on newly permitted property

Sandman is a high-grade epithermal gold system under option to Newmont USA LimitedNewmont has begun drilling up to eight new high-priority targets identified through geophysical surveys completed in 2008 and 2009.  A second drill rig is planned for the end of the month at North Hill, one of four deposits on the property, to drill large diameter core for metallurgical test purposes. Further step-out drilling at the Southeast Pediment deposit is also planned. 

 

In total, approximately 95 holes (~7,000 metres) are planned for this year's $3-million work-program. Ongoing drilling continues to intersect near-surface, high-grade oxide gold mineralization, demonstrating the strength of this mineralized system. The Winnemucca Bureau of Land Management recently approved a new Exploration Plan of Operations for the Sandman property, significantly increasing the area permitted for exploration and development work from two square miles to 39 square miles. 

 
Long Canyon

  • Aggressive resource definition and expansion
  • Metallurgical results demonstrate excellent gold recoveries

Long Canyon is a high grade gold deposit located in northeast Nevada. Six drill rigs are currently operating and at least 45,000 metres of drilling planned, with an emphasis on resource definition and resource expansion. As part of the $19.8-million development/exploration program, Fronteer Gold plans to complete the required metallurgical, engineering, and environmental work necessary to move Long Canyon to pre-feasibility stage. Fronteer Gold is majority owner (51%) and operator of Long Canyon in joint-venture with AuEx Ventures Inc. (49%). 

 

More detailed metallurgical test work confirms that gold mineralization is amenable to low-cost, conventional, heap-leach processing. Twenty-one core composites from three cross-sections drilled in May 2009 were submitted to McClelland Laboratories Inc. in Sparks, Nevada, for bottle-roll and column leach tests, permeability, flotation, gravity and comminution testing.  Composites were column-leach tested using crush sizes of: 80% passing -12.5mm, -25mm and -50mm crush sizes to determine gold recovery, recovery rate and reagent requirements under simulated heap leach conditions.  Of composite material representing 82% of the deposit's total ounces, column leach gold recoveries for high- and medium-grade samples (> 1.26 g/t gold) averaged 88% for -12.5mm, 87% for -25mm and 85% for -50mm crush sizes.  A portion of the low-grade (<1.26 g/t gold) rock-types exhibited sensitivity to crush size and achieved lower recoveries than the high- and medium-grade composites. However, these rock-types represent approximately 8% of the deposit's contained ounces based upon current geologic interpretation. The majority of the gold leaching (>80% leachable gold) occurred within a 10 to 40 day period with the coarser columns taking a little longer than the finer crushed columns. For a typical, medium gold grade (3.22 g/t), leach kinetic curve, click here:

http://www.fronteergold.com/sites/files/fronteer_admin/LongCanyonLeachCurve1022.pdf


Hydraulic conductivity measurements were two orders of magnitude higher than typical heap percolation rates indicating that no solution flow problems are anticipated for any of the composites tested. The composites did not respond well to flotation or gravity concentration likely owing to its totally oxidized nature and lack of any significant elemental gold. Comminution tests showed that the composites have low hardness and abrasion index numbers, compared to the majority of gold milling operations processing whole rock material around the world. Low energy input and low materials wear rates are expected if a mill is needed for processing all or a portion of the Long Canyon resource.

 

PROJECT HIGHLIGHTS - Turkey

 

Halilaga

  • Drilling of Central Zone and new targets underway

Halilaga, operated by our 60% joint venture partner Teck Madencilik Sanayi Ticaret A.S. (Teck), is a significant copper-gold porphyry system with excellent upside potential. Two rigs are currently turning on site. The 10,000 metre, $2.7-million drill program includes 8,500 metres of drilling at the main Central Zone, with the remainder testing for porphyry targets outside this zone. Drilling has currently identified copper-gold mineralization over a strike length of 1, 200 metres and a width of 400 metres, with thicknesses of up to 400 metres. 

 

TV Tower

  • Seven targets to be drill-tested

TV Tower, also a 60/40% joint venture with Teck, is a new exploration project that shows similarities to existing high-sulphidation gold deposits in the Biga District. TV Tower is located adjacent to Fronteer Gold and Teck's previously owned Kirazli gold project. Seven targets have been identified featuring classical high-sulphidation alteration signatures and the potential for a large mineralized system. Additional rock and soil geochemistry and 30-line kilometres of IP geophysical surveys are underway.  Targets are planned to be tested with an initial 2,000-metre drill program this July-August.

 

OTHER PROJECTS

Fronteer Gold has five other joint ventures with companies in Nevada and Utah, including Stateline with Newmont; Easter with La Quinta; Gold Springs 2 with High Desert Gold LLC, and Loomis with International Enexco.  Fronteer Gold has 15 properties leased to third parties including Rosebud, Golden Arrow and Monte Cristo in Nevada.

 

Gary Simmons, a Qualified Professional with the Mining and Metallurgical Society of America and Fronteer Gold consultant, is the Qualified Person who has overseen the collection and verification of the metallurgical data for this release and has reviewed and validated the metallurgical content in this release is accurate.

 

Christopher Lee, P. Geo., Chief Geoscientist for Fronteer Gold, is the company's designated Qualified Person for this news release and has reviewed and validated that all other information contained in the release is accurate.

 

ABOUT FRONTEER GOLD

We intend to become a significant gold producer.  Our solid financial position and strong operational team give us the ability to advance our key gold projects through to production.  Our future potential production platform includes our Long Canyon, Sandman and Northumberland projects - all located in Nevada, one of the friendliest gold-mining jurisdictions in the world.  Fronteer Gold aims to build regional production by advancing these projects sequentially over the near-term using existing cash resources - funding the company's growth with low-risk of dilution.  For further information on Fronteer Gold visit www.fronteergold.com or contact:


Mark O'Dea, President & CEO
Troy Fierro, COO

Sean Tetzlaff, CFO
John Dorward, VP, Business Development
Glen Edwards, Director, Communications
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, 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 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 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 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.

FRG - TSX �2010 Fronteer Development Group | fronteergold.com
FRG - NYSE Amex Subscribe |
Suite 1650, 1055 West Hastings, Vancouver, BC V6E 2E9
Data and Statistics for these countries : Turkey | All
Gold and Silver Prices for these countries : Turkey | All

Fronteer Gold

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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 CA$ 2.2 billions as of today (US$ 2.3 billions, € 1.6 billions).

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

Fronteer Gold has 150 571 000 shares outstanding.

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Annual reports of Fronteer Gold
2006 Annual report
Financials of Fronteer Gold
3/29/2011reports year-end results
8/12/2010Gold Reports Strong Second Quarter Financial Results and Sig...
5/12/2010Continues to report strong financial results and advancement...
11/16/2009reports third quarter results
8/14/2009reports second quarter and first half 2009 results
11/14/2008reports third quarter results
8/14/2008reports second quarter results
5/14/2008reports first quarter 2008 results
Project news of Fronteer Gold
1/12/2011(Long Canyon)reports interim resource estimate for Long Canyon gold depos...
1/18/2011(Long Canyon)Step-Out Drilling at Long Canyon Expands Deposit by 200 Metr...
8/18/2010Drilling along northern extension intersects 44.2 metres of ...
8/9/2010(Northumberland)Gold continues to intersect high-grade gold at Northumberlan...
8/3/2010(Northumberland)Second high-grade zone returns 7.10 g/t gold over 37.4 metre...
7/20/2010(Long Canyon)Drilling Along Northern Extension of Deposit Intersects 64 M...
6/21/2010(Sandman)Drilling hits 2.35 ounces/ton gold and 33.18 ounces/ton silv...
6/9/2010(Long Canyon)Drilling returns 16.4 g/t gold over 21.2 metres
6/7/2010(Sandman)New high-grade drill results and expanded Plan of Operations
5/19/2010(Long Canyon)New resource estimate
4/14/2010(Halilaga)Drilling returns 308 metres of 0.34 g/t gold and 0.30% coppe...
4/5/2010(Halilaga)Reports metallurgical results and 2010 work-program
3/25/2010(Sandman)Near-surface oxide gold intercepts highlight open-pit potent...
3/5/2010(Sandman)Drilling returns 1.23 ounces per ton gold over 24.8 feet at ...
3/1/2010(Northumberland)Initial Northumberland metallurgical testing reports gold re...
2/22/2010(Halilaga)New drilling expands Halilaga copper-gold porphyry in northw...
2/18/2010(Northumberland)Drilling further defines high-grade gold
2/2/2010(Long Canyon)Drilling returns 3.94 grams per tonne gold over 77.7 metres ...
1/25/2010(Sandman)Sandman delivers more high-grade gold to Fronteer's Nevada p...
1/11/2010(Sandman)Sandman gold project on track to potential production decisi...
1/6/2010(Agi Dagi)& Teck complete the sale of the Agi Dagi & Kirazli gold proj...
12/21/2009(Long Canyon)Drilling advancing Long Canyon gold deposit to feasib ility
12/9/2009(Northumberland)Drilling highlights large high-grade zone at Northumberland ...
12/4/2009(Michelin (open Pit))Independent study: Michelin Uranium Project to generate regi...
12/1/2009(Long Canyon)Preliminary economic assessment for Long Canyon Project gene...
10/5/2009(Long Canyon)Long Canyon extends 100 metres to the north, returning 6.57 ...
10/1/2009(Long Canyon)Step-out drilling at Long Canyon extends gold mineralization...
9/17/2009(Long Canyon)Long Canyon deposit expansion ramps up: step-out drilling re...
8/20/2009(Long Canyon)provides global update on its development-stage gold pro jec...
8/12/2009(Long Canyon)Emerging zone returns more wide intervals of gold at Long Ca...
8/5/2009(Sandman)High-grade gold intersected in footwall zone of Sandman gold...
7/16/2009(Northumberland)initiates permitting for underground access at Northumbe rla...
6/30/2009(Long Canyon)Metallurgical drilling returns 4.15 grams per tonne gold ove...
6/23/2009(Jacques Lake)reports 87.5% uranium recovery from Aurora's pilot plant te...
6/16/2009(Sandman)Ongoing work-program underlines strong production potential ...
6/11/2009(Long Canyon)Long Canyon column-leach tests return gold recoveries averag...
6/1/2009(Sandman)Sandman gold project returns 25.58 grams per tonne gold over...
1/26/2009(Long Canyon)Drilling returns 5.32 grams per tonne gold over 25.4 metres ...
1/19/2009(Agi Dagi - Deli Zone)Discovery of additional gold zone underlines open-ended pote...
12/29/2008(Long Canyon)Drilling returns 9.03 grams per tonne gold over 25.8 metres ...
12/23/2008(Halilaga)Regional drilling at Halilaga intersects new areas of coppe...
12/8/2008Shallow drilling demonstrates high-grade nature of mineraliz...
11/20/2008(Northumberland)Drilling strengthens continuity at Fronteer's Northumberland...
11/18/2008(Long Canyon)Drilling continues to extend gold mineralization at Long Can...
11/12/2008(Agi Dagi - Deli Zone)JV update: Drilling begins at Agi Dagi gold project
9/29/2008(Long Canyon)Drilling extends strike 400 metres at Fronteer's Long Canyon...
9/24/2008(Long Canyon)Earns Majority Interest in Long Canyon Gold Project, Nevada
9/11/2008(Long Canyon)Drilling, road building unearth more near-surface gold at Fr...
8/19/2008(Long Canyon)discovers new high-grade gold zone at Long Canyon, Nevada
8/9/2008(Northumberland)reclassifies Northumberland resource ounces
7/29/2008(Long Canyon)hits more high-grade gold at Nevada property
6/5/2008(Northumberland)Northumberland gold deposit increases in size and significan...
3/11/2008(Labrador Iocg)Nunatsiavut government considers proposed change
2/15/2008(Long Canyon)Drilling extends strike of high-grade gold at Nevada propert...
Corporate news of Fronteer Gold
4/7/2011Announces Completion of Acquisition by Newmont
3/20/2011ISS Proxy Advisory Services and Glass Lewis & Co. Recommend ...
2/1/2011completes sale of uranium assets to Paladin Energy
1/24/2011reports objectives, work plan and budget for 2011
6/28/2010Provides mid-year update on advancement of its key gold proj...
4/26/2010expands gold portfolio in Nevada with acquisition ...
3/29/2010Strong year-end results
1/6/2010Exceptional gold intercepts expand mineralization at Long Ca...
12/9/2009Agreement signed for the sale of the Agi Dagi and Kirazli go...
9/24/2009and Teck announce proposed sale of projects to Alamos
6/10/2009to subscribe for six million units of East Asia Minerals
6/2/2009grants option to International Enexco on Loomis gold pro per...
3/3/2009acquires additional shares and now owns 92.1% of Aurora Ener...
1/23/2009launches formal bid for Aurora Energy Resources Inc.
12/22/2008announces intention to acquire Aurora Energy Resources I nc.
11/5/2008hits more gold 'off-trend' in Nevada's Eastern Great Basin
6/18/2008finalizes Newmont deal to fast-track Nevada gold project to ...
4/18/2008 to hold Annual General Meeting in Toronto, May 6
4/8/2008Nunatsiavut Government's three-year moratorium to allow uran...
3/28/2008 reports fiscal 2007 results
3/25/2008's global exploration program aims to double gold resource b...
2/25/2008's Aurora exceeds annual resource target, adds four projects
4/5/2007Closes C$5,870,500 Over-Allotment Option
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TORONTO (FRG.TO)AMEX (FRG)
14.78+0.07%29.88+0.10%
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