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Fronteer Gold

Publié le 29 septembre 2008

Drilling extends strike 400 metres at Fronteer's Long Canyon gold project

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Mots clés associés :   Copper | Uranium |

September 29, 2008

Drilling extends strike 400 metres at Fronteer's Long Canyon gold project

08-22

Fronteer Development Group Inc. ("Fronteer" or the "Company") (FRG - TSX/AMEX) is pleased to announce that step-out drilling has extended high-grade, oxide gold mineralization by 400 metres along strike at its Long Canyon Project in Nevada.

The 400-metre (1,312 feet) step-out from the most northeastern drill hole returned:

  • 2.53 grams per tonne gold  (0.074 oz/ton) over 33.5 metres (110 feet), including 13.18 g/t (0.385 oz/ton) over 4.6 metres (15 feet), starting at a depth of 93.0 metres (305 feet), in hole LC129.

This aggressive step-out not only confirms the strength and continuity of gold mineralization along trend, but extends the total strike length by 30 per cent to 1.6 kilometres (one mile). The gold system remains open in all directions.

New drilling has also further defined a new parallel zone of mineralization, referred to as the Shadow Zone (See Aug. 19, 2008, press release). Drill results from this new zone include:

  • 1.68 g/t (0.049 oz/ton) over 73.2 metres (240 feet), including 13.33 g/t (0.389 oz/ton) over 3.1 metres (10 feet), in LC113.

Approximately 13,300 metres (43,600 feet) of drilling has been completed at Long Canyon this year. Long Canyon's program budget is planned to increase from US$3.2 million to US$5.6 million to allow for ongoing drilling, preliminary metallurgical studies and resource estimation. A project-first NI 43-101 resource estimate is planned for year end. 

Ongoing drilling, detailed mapping and geophysical work continue to contribute to the understanding of gold mineralization at Long Canyon, located 6.5 km (4 miles) south of the I-80 Freeway corridor in northeastern Nevada. Mineralization is sediment-hosted and associated with fault and collapse breccias along a stratigraphic limestone-dolomite contact. The deposit is strongly oxidized and is exposed at surface.  

Fronteer has a majority interest (51%) in Long Canyon and is the project operator. Under the terms of the earn-in agreement, AuEx Ventures Inc. ("AuEx") (49%) has elected to participate in pro-rata joint funding of the Long Canyon project. Fronteer has until December 10, 2008 to notify AuEx if it elects to earn an additional 14% interest in the project for a total of 65% by carrying all further costs through the completion of a feasibility study within five years.

LONG CANYON DRILL RESULTS

Hole ID

From

To

Intercept
Length

Au

Au

From

To

Intercept
Length

Au

 

(feet)

(feet)

(feet)

(ppb)

(oz/ton)

(metres)

(metres)

(metres)

(gpt)

 

 

 

 

 

 

 

 

 

 

LC112

85

105

20

369

0.011

25.9

32.0

6.1

0.37

 

320

340

20

1153

0.034

97.5

103.6

6.1

1.15

LC113

245

485

240

1684

0.049

74.7

147.8

73.2

1.68

including

310

320

10

13326

0.389

94.5

97.5

3.1

13.33

LC115

200

225

25

989

0.029

61.0

68.6

7.6

0.99

 

230

280

50

2842

0.083

70.1

85.3

15.2

2.84

including

255

260

5

9390

0.274

77.7

79.2

1.5

9.39

including

265

270

5

5910

0.173

80.8

82.3

1.5

5.91

 

325

345

20

528

0.015

99.1

105.2

6.1

0.53

 

355

370

15

638

0.019

108.2

112.8

4.6

0.64

LC116

320

345

25

919

0.027

97.5

105.2

7.6

0.92

LC118

285

315

30

550

0.016

86.9

96.0

9.1

0.55

 

355

370

15

599

0.017

108.2

112.8

4.6

0.6

LC119

80

95

15

1810

0.053

24.4

29.0

4.6

1.81

 

100

150

50

2917

0.085

30.5

45.7

15.2

2.92

LC120

70

100

30

796

0.023

21.3

30.5

9.1

0.8

 

400

445

45

3422

0.1

121.9

135.6

13.7

3.42

including

420

435

15

7210

0.211

128.0

132.6

4.6

7.21

LC124

330

425

95

2341

0.068

100.6

129.5

29.0

2.34

 

455

465

10

567

0.017

138.7

141.7

3.0

0.57

LC125

165

205

40

3678

0.107

50.3

62.5

12.2

3.68

including

175

185

10

8615

0.252

53.3

56.4

3.0

8.62

LC126

50

120

70

2046

0.06

15.2

36.6

21.4

2.05

LC129

305

415

110

2527

0.074

93.0

126.5

33.5

2.53

including

385

400

15

13176

0.385

117.3

121.9

4.6

13.18

*The geometry of mineralization at Long Canyon is still being determined. The current geological model predicts that the true widths of the mineralized intervals vary between 70-100% of the reported lengths of the drill intercepts. Holes LC095C, LC97C, LC108, LC109 and LC110 had no reportable intercepts. See link to PDF for comprehensive drill results.

DOWNLOADABLE FEATURES

Robert Felder, M.Sc. and Certified Professional Geologist, as recognized by the American Institute of Professional Geologists, is designated as a Qualified Person for these Long Canyon drill results, with the ability and authority to verify the authenticity of, and validity of, this data. Drill composites were calculated using a cut-off of 0.30 g/tonne.  Drill intersections are reported as drilled thicknesses. Reverse circulation cuttings were sampled on 5.0 ft. (1.52m) intervals and core was sampled at geologically selected intervals.  All drill samples were assayed by American Assay Laboratories (ISO9002:2002) in Sparks, Nevada, for gold by Fire Assay of a 30 gram (1 assay ton) charge with an AA finish, or if over 10.0 grams per tonne Au 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 collection of duplicate samples at random intervals within each batch. Selected holes are also analyzed for a 72-element geochemical suite by ICP-MS.

LIQUIDITY

Fronteer is not invested in any short-term commercial paper or asset-backed securities. Fronteer has approximately C$86 million in cash that is fully liquid and held with a large Canadian commercial bank.

ABOUT FRONTEER

Fronteer is an exploration and development company with a track record of making big discoveries. Fronteer has an extensive portfolio of advanced stage gold projects in Nevada, a 40% interest in three gold and copper-gold projects in western Turkey, and a 42.2% interest in 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 potential expansion of mineralization, potential size of mineralized zone, timing of resource calculation 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 �2008 Fronteer Development Group | fronteergroup.com
FRG - AMEX
Suite 1650, 1055 West Hastings, Vancouver, BC V6E 2E9

Fronteer Gold

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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 2,2 milliards CA$ (2,3 milliards US$, 1,6 milliards €).

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

Fronteer Gold possède 150 571 000 actions en circulation.

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Rapports annuels de Fronteer Gold
2006 Annual report
Rapports Financiers de Fronteer Gold
29/03/2011reports year-end results
12/08/2010Gold Reports Strong Second Quarter Financial Results and Sig...
12/05/2010Continues to report strong financial results and advancement...
16/11/2009reports third quarter results
14/08/2009reports second quarter and first half 2009 results
14/11/2008reports third quarter results
14/08/2008reports second quarter results
14/05/2008reports first quarter 2008 results
Projets de Fronteer Gold
12/01/2011(Long Canyon)reports interim resource estimate for Long Canyon gold depos...
18/01/2011(Long Canyon)Step-Out Drilling at Long Canyon Expands Deposit by 200 Metr...
18/08/2010Drilling along northern extension intersects 44.2 metres of ...
09/08/2010(Northumberland)Gold continues to intersect high-grade gold at Northumberlan...
03/08/2010(Northumberland)Second high-grade zone returns 7.10 g/t gold over 37.4 metre...
20/07/2010(Long Canyon)Drilling Along Northern Extension of Deposit Intersects 64 M...
21/06/2010(Sandman)Drilling hits 2.35 ounces/ton gold and 33.18 ounces/ton silv...
09/06/2010(Long Canyon)Drilling returns 16.4 g/t gold over 21.2 metres
07/06/2010(Sandman)New high-grade drill results and expanded Plan of Operations
19/05/2010(Long Canyon)New resource estimate
14/04/2010(Halilaga)Drilling returns 308 metres of 0.34 g/t gold and 0.30% coppe...
05/04/2010(Halilaga)Reports metallurgical results and 2010 work-program
25/03/2010(Sandman)Near-surface oxide gold intercepts highlight open-pit potent...
05/03/2010(Sandman)Drilling returns 1.23 ounces per ton gold over 24.8 feet at ...
01/03/2010(Northumberland)Initial Northumberland metallurgical testing reports gold re...
22/02/2010(Halilaga)New drilling expands Halilaga copper-gold porphyry in northw...
18/02/2010(Northumberland)Drilling further defines high-grade gold
02/02/2010(Long Canyon)Drilling returns 3.94 grams per tonne gold over 77.7 metres ...
25/01/2010(Sandman)Sandman delivers more high-grade gold to Fronteer's Nevada p...
11/01/2010(Sandman)Sandman gold project on track to potential production decisi...
06/01/2010(Agi Dagi)& Teck complete the sale of the Agi Dagi & Kirazli gold proj...
21/12/2009(Long Canyon)Drilling advancing Long Canyon gold deposit to feasib ility
09/12/2009(Northumberland)Drilling highlights large high-grade zone at Northumberland ...
04/12/2009(Michelin (open Pit))Independent study: Michelin Uranium Project to generate regi...
01/12/2009(Long Canyon)Preliminary economic assessment for Long Canyon Project gene...
05/10/2009(Long Canyon)Long Canyon extends 100 metres to the north, returning 6.57 ...
01/10/2009(Long Canyon)Step-out drilling at Long Canyon extends gold mineralization...
17/09/2009(Long Canyon)Long Canyon deposit expansion ramps up: step-out drilling re...
20/08/2009(Long Canyon)provides global update on its development-stage gold pro jec...
12/08/2009(Long Canyon)Emerging zone returns more wide intervals of gold at Long Ca...
05/08/2009(Sandman)High-grade gold intersected in footwall zone of Sandman gold...
16/07/2009(Northumberland)initiates permitting for underground access at Northumbe rla...
30/06/2009(Long Canyon)Metallurgical drilling returns 4.15 grams per tonne gold ove...
23/06/2009(Jacques Lake)reports 87.5% uranium recovery from Aurora's pilot plant te...
16/06/2009(Sandman)Ongoing work-program underlines strong production potential ...
11/06/2009(Long Canyon)Long Canyon column-leach tests return gold recoveries averag...
01/06/2009(Sandman)Sandman gold project returns 25.58 grams per tonne gold over...
26/01/2009(Long Canyon)Drilling returns 5.32 grams per tonne gold over 25.4 metres ...
19/01/2009(Agi Dagi - Deli Zone)Discovery of additional gold zone underlines open-ended pote...
29/12/2008(Long Canyon)Drilling returns 9.03 grams per tonne gold over 25.8 metres ...
23/12/2008(Halilaga)Regional drilling at Halilaga intersects new areas of coppe...
08/12/2008Shallow drilling demonstrates high-grade nature of mineraliz...
20/11/2008(Northumberland)Drilling strengthens continuity at Fronteer's Northumberland...
18/11/2008(Long Canyon)Drilling continues to extend gold mineralization at Long Can...
12/11/2008(Agi Dagi - Deli Zone)JV update: Drilling begins at Agi Dagi gold project
29/09/2008(Long Canyon)Drilling extends strike 400 metres at Fronteer's Long Canyon...
24/09/2008(Long Canyon)Earns Majority Interest in Long Canyon Gold Project, Nevada
11/09/2008(Long Canyon)Drilling, road building unearth more near-surface gold at Fr...
19/08/2008(Long Canyon)discovers new high-grade gold zone at Long Canyon, Nevada
09/08/2008(Northumberland)reclassifies Northumberland resource ounces
29/07/2008(Long Canyon)hits more high-grade gold at Nevada property
05/06/2008(Northumberland)Northumberland gold deposit increases in size and significan...
11/03/2008(Labrador Iocg)Nunatsiavut government considers proposed change
15/02/2008(Long Canyon)Drilling extends strike of high-grade gold at Nevada propert...
Communiqués de Presse de Fronteer Gold
07/04/2011Announces Completion of Acquisition by Newmont
20/03/2011ISS Proxy Advisory Services and Glass Lewis & Co. Recommend ...
01/02/2011completes sale of uranium assets to Paladin Energy
24/01/2011reports objectives, work plan and budget for 2011
28/06/2010Provides mid-year update on advancement of its key gold proj...
26/04/2010expands gold portfolio in Nevada with acquisition ...
29/03/2010Strong year-end results
06/01/2010Exceptional gold intercepts expand mineralization at Long Ca...
09/12/2009Agreement signed for the sale of the Agi Dagi and Kirazli go...
24/09/2009and Teck announce proposed sale of projects to Alamos
10/06/2009to subscribe for six million units of East Asia Minerals
02/06/2009grants option to International Enexco on Loomis gold pro per...
03/03/2009acquires additional shares and now owns 92.1% of Aurora Ener...
23/01/2009launches formal bid for Aurora Energy Resources Inc.
22/12/2008announces intention to acquire Aurora Energy Resources I nc.
05/11/2008hits more gold 'off-trend' in Nevada's Eastern Great Basin
18/06/2008finalizes Newmont deal to fast-track Nevada gold project to ...
18/04/2008 to hold Annual General Meeting in Toronto, May 6
08/04/2008Nunatsiavut Government's three-year moratorium to allow uran...
28/03/2008 reports fiscal 2007 results
25/03/2008's global exploration program aims to double gold resource b...
25/02/2008's Aurora exceeds annual resource target, adds four projects
05/04/2007Closes C$5,870,500 Over-Allotment Option
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TORONTO (FRG.TO)AMEX (FRG)
14,78+0.07%29,88+0.10%
TORONTO
CA$ 14,78
08/04 16:38 0,010
0,07%
Cours préc. Ouverture
14,77 14,71
Bas haut
14,71 14,84
Année b/h Var. YTD
 -  -
52 sem. b/h var. 52 sem.
- -  14,78 -%
Volume var. 1 mois
5 867 254 -%
24hGold TrendPower© : 34
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