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VanEck Vectors Global Alternative Energy ETF

Publié le 20 juillet 2010

Drilling Along Northern Extension of Deposit Intersects 64 Metres of 5.27 g/t Gold

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July 20, 2010

Drilling Along Northern Extension of Deposit Intersects 64 Metres of 5.27 g/t Gold at Long Canyon, Nevada

10-23

Fronteer Gold (FRG - TSX/NYSE-Amex) announces that drilling to the northeast of the current resource area at Long Canyon continues to return broad intervals of high-grade oxide gold.  The Nevada gold deposit is now 2.7-km long and remains open for expansion. 

Highlights of wide intervals from new drilling include: 

  • 5.27 grams per tonne gold (0.154 ounces per ton) over 64.0 metres, including 16.19 g/t (0.473 oz/ton) over 5.5 metres in LC444C;
  • 8.87 g/t (0.259 oz/ton) over 19.8 metres, including 18.17 g/t (0.531oz/ton) over 4.9 metres in LC462C;
  • 5.99 g/t (0.175 oz/ton) over 27.0 metres, including 10.86 g/t (0.317 oz/ton) over 5.9 metres in LC459C;
  • 2.49 g/t (0.073 oz/ton) over 35.1 metres, including 6.97 g/t (0.204 oz/ton) over 7.6 metres in LC480;
  • 5.98 g/t (0.175 oz/ton) over 25.3 metres, including 21.20 g/t (0.619 oz/ton) over 1.7 metres in LC443C.

Long Canyon's work-program is focused on resource definition and resource expansion, primarily in the northern half of the deposit. Five drill rigs are currently operating on the property and more than 30,000 metres of the year's planned 45,000 metres have been drilled to date, with the majority of holes pending release. Fronteer Gold also plans to complete in 2010 the required metallurgical, engineering, and environmental work necessary to move Long Canyon to pre-feasibility stage. 

 

For a map highlighting recent drilling, please click: http://www.fronteergold.com/sites/files/fronteer_admin/LongCanyonDrillMap1023.pdf


DRILL HIGHLIGHTS

Hole ID

From

To

Intercept Length

Au

Au

 

(metres)

(metres)

(metres)

(g/t)

(oz/t)

LC443C

119.2

144.5

25.3

5.98

0.175

incl

137.6

139.3

1.7

21.20

0.619

LC444C

188.1

252.1

64.0

5.27

0.154

incl

236.5

242.0

5.5

16.19

0.473

LC459C

99.4

126.3

27.0

5.99

0.175

including

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Fronteer Gold est une société d’exploration minière d'or basée au Canada.

Fronteer Gold est en développement de projets d'or et d'uranium au Canada, et détient divers projets d'exploration au Canada, au Mexique et en Turquie.

Ses principaux projets en développement sont MICHELIN (UNDERGROUND) et MICHELIN (OPEN PIT) au Canada et ses principaux projets en exploration sont 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 et KLONDIKE NORTH au Canada, SANTA CRUZ PROJECT, PASCO CANYON et ROSE MINE en Argentine, BUNCE, FIREBALL RIDGE, GREEN MONSTER, HAYS CANYON, JPW, WEST PEQUOP, HALILAGA, TRINITY SILVER, AGI DAGI - DELI ZONE, LONG CANYON, NORTHUMBERLAND, AGI DAGI, YUNTDAG et HUM en Turquie, BAZA, ARABIA, GYPSUM VALLEY, PEQUOP SOUTH, LENOID et SINTER en Espagne et SWISS BANK au Mexique.

Fronteer Gold est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 701,2 millions (728,5 millions US$, 503,2 millions €).

La valeur de son action a atteint son plus bas niveau récent le 31 décembre 2004 à 0,30 , et son plus haut niveau récent le 08 avril 2011 à 14,78 .

Fronteer Gold possède 47 442 200 actions en circulation.

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