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Fronteer Gold

Publié le 09 décembre 2009

Drilling highlights large high-grade zone at Northumberland gold deposit

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December 9, 2009

Drilling highlights large high-grade zone at Northumberland gold deposit

09-37

Fronteer Development Group Inc. (FRG - TSX/NYSE) announces today that a recently completed drill program designed to test a new target concept at Northumberland in Nevada has highlighted a large high-grade gold zone within 150 metres of surface.

 

Six reverse-circulation drill holes have confirmed and upgraded a continuous zone of exceptional gold mineralization that is at least 225 metres long, up to 60 metres wide and 30 metres thick.  This zone remains open to the northwest and is now thought to be one of multiple parallel high-grade zones that characterize the western half of the deposit area.

 

The drill results are part of an ongoing comprehensive program that will allow Fronteer to select the most viable, near-term development approach for the project.

 

Drill highlights from the high-grade zone, using a cut-off of 3.0 grams per tonne gold  (0.087 ounces per ton), include:

  • 12.37 g/t (0.361 oz/ton) over 12.9 metres (40 feet), as part of a broader zone of  9.52 grams per tonne gold (0.278 ounces per ton) over 18.29 metres (60 feet) in FNU30;
  •  9.92 g/t (0.289 oz/ton) over 7.62 metres (25 feet),  as part of a broader zone of 6.56 g/t gold over 21.34 metres (70 feet), in FNU29; and,
  •  14.65 g/t (0.427 oz/ton) over 1.52 metres (5 feet),  as part of a broader zone of 5.67 g/t gold over 19.81 metres (65 feet), in FNU33.

For a cross-section highlighting this continuous high-grade gold zone, click: http://www.fronteergroup.com/sites/files/fronteer_admin/NorthumberlandCrossSection0937.pdf

 

Northumberland is an archetypal Carlin-style deposit that has long been recognized as having the potential for a significant component of high-grade mineralization. However, aside from the rich silver veins mined from this deposit in the late 1800s, the majority of exploration to date has focused on the near-surface oxide and mixed oxide/sulfide mineralization. As such, large areas, like the one tested with this drill program are still underrepresented in the deposit.

DRILL HIGHLIGHTS

 

Hole ID

From (feet)

To     (feet)

Interval (feet)

Interval (metres)

Ag      (g/t)

Au   (g/t)

Au (oz/ton)

 

 

 

 

 

 

 

 

FNU028

460.00

510.00

50.00

15.24

26.78

5.400

0.157

including

485.00

500.00

15.00

4.57

6.12

7.950

0.232

 

 

 

 

 

 

 

 

FNU029

380.00

450.00

70.00

21.34

23.80

6.560

0.191

including

410.00

435.00

25.00

7.62

31.08

9.920

0.289

 

 

 

 

 

 

 

 

FNU030

400.00

460.00

60.00

18.29

19.00

9.520

0.278

including

420.00

460.00

40.00

12.19

26.46

12.370

0.361

 

 

 

 

 

 

 

 

FNU031

495.00

525.00

30.00

9.14

8.42

4.980

0.145

 

 

 

 

 

 

 

 

FNU032

460.00

470.00

10.00

3.05

9.36

7.070

0.206

 

 

 

 

 

 

 

 

FNU033

425.00

490.00

65.00

19.81

20.84

5.670

0.165

including

435.00

440.00

5.00

1.52

30.40

14.650

0.427

Composite intervals in this table are created at 3.0 gram/tonne gold cut offs.
Several values below the 3.0 gram/tonne cutoff are included as part of the mineralized zone.

DEVELOPMENT PROGRAM

Northumberland is owned 100% by Fronteer and is located on private surface.  Fronteer believes Northumberland has strong potential for significant annual production and favourable economics under a fast-track permitting regime.  A multidisciplinary program is currently underway to advance the project to a production decision, including:

  • Resource estimate: Northumberland's first Multiple Indicator Kriging ("MIK") resource estimate is planned to be completed by year-end. The MIK study will provide a more detailed understanding of the distribution of the deposit's higher grade material and will serve as a basis for Fronteer's ongoing advancement studies, including open-pit and underground mining and various ore processing trade-off studies.
  • Metallurgical program: A multiphase metallurgical program designed and managed by Gary Simmons, of GL Simmons Consulting LLC., is progressing as planned.  Mr. Simmons' work experience includes metallurgical analyses of numerous mineralized materials and ores that are similar to Northumberland mineralization, including Twin Creeks and Newmont deposits along the Carlin Trend. Dawson Metallurgical Laboratories in Salt Lake City, Utah, is finalizing its report on alkaline pressure oxidation testing and metallurgical characterization of three master composites assembled from PQ core at Northumberland. The report is planned to be completed by January 2010.
  • Decline: Permits were filed with the state of Nevada to build a decline to access the deeper extension of the mineral resource in order to conduct an underground exploration drill program to better define the grade and continuity of mineralization, and metallurgical sampling.
  • Preliminary Economic Assessment: Findings from the MIK study, mine design, and metallurgical work are expected to provide the necessary data for a PEA planned to be completed afterward. 

Northumberland, Sandman and Long Canyon comprise Fronteer's future production platform based in Nevada. All three gold deposits have high-grade oxide gold starting at- or near-surface, are open-pit mineable and have strong production attributes. Fronteer aims to build regional production by advancing these projects sequentially over the near-term, funding the company's growth with low-risk of dilution. Fronteer recently reported a positive Preliminary Economic Assessment for its Long Canyon project (see Dec. 1, 2009 press release). In the near-term, Fronteer anticipates ongoing discovery and deposit growth to add significant gold ounces to its ledger and pending results from a variety of development activities to clearly define the economic strength of the company's projects. 

 

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 3.0 g/t. Drill intersections are reported as drilled thicknesses. Reverse circulation cuttings were sampled on 5.0 feet (1.52 metre) intervals. 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 10.0 g/t 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. Selected holes are also analyzed for a 51-element geochemical suite by ICP-MS/-AES.

 

ABOUT FRONTEER

We intend to become a significant gold producer. Our solid financial position and strengthened 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. Our robust pipeline also includes 40% interest in an emerging copper-gold mineral district in northwestern Turkey. In addition, Fronteer has 100% ownership of Aurora Energy Resources, developer of one of the largest uranium deposits not currently in production. For further information on Fronteer visit www.fronteergroup.com or contact:

 

Mark O'Dea, Ph.D, P.Geo, President and CEO
Troy Fierro, COO
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 and Canadian securities laws. Such forward-looking statements, including but not limited to, those with respect to potential expansion of mineralization, potential size of mineralized zone, and size and timing of exploration and development programs, estimated project capital and other project costs  and the timing of submission and receipt and availability of regulatory approvals 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 mineral resources, changes in project parameters as plans continue to be refined, future prices of uranium, environmental risks and hazards, increased infrastructure and/or operating costs, labour 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, other than as required pursuant to applicable securities laws. Accordingly, readers should not place undue reliance on forward-looking statements.

FRG - TSX �2009 Fronteer Development Group | fronteergroup.com
FRG - NYSE Amex Subscribe |
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
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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
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05/04/2010(Halilaga)Reports metallurgical results and 2010 work-program
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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...
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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%
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14,77 14,71
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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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