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Fronteer Gold

Publié le 02 février 2010

Drilling returns 3.94 grams per tonne gold over 77.7 metres at Long Canyon, Nev ada

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February 1, 2010

Drilling returns 3.94 grams per tonne gold over 77.7 metres at Long Canyon, Nevada

10-06

Fronteer (FRG - TSX/NYSE Amex) announces that drill results from Long Canyon's metallurgical program have returned oxide gold intercepts of up to 3.94 grams per tonne gold (0.115 ounces per ton) over 77.7 metres, including 25.01 g/t (0.730 oz/ton) over 4.4 metres in LCM30.

Other drill highlights include:

  • 3.29 g/t (0.096 oz/ton) over 42.7 metres, including 11.63 g/t (0.340 oz/ton) over 7.4 metres in LCM33;
  • 4.97 g/t (0.145 oz/ton) over 39.6 metres, including 16.76 g/t (0.489 oz/ton) over 6.3 metres in LCM22;
  • 5.36 g/t (0.157 oz/ton) over 24.4 metres, including 19.90 g/t (0.581 oz/ton) over 5.3 metres in LCM29;
  • 16.91 g/t (0.494 oz/ton) over 11.9 metres in LCM36.

These core holes were drilled as part of Long Canyon's ongoing metallurgical program and support results from initial reverse-circulation drilling. The infill holes were drilled along three fence lines in the southern part of the deposit to create cross-section composites for ongoing metallurgical testing.

Detailed metallurgical findings from core composites on three cross sections drilled in May 2009 are expected to be reported during Q1 2010. These metallurgical findings will provide a more detailed understanding of gold recoveries than what was previously provided by column-leach testing of bulk samples taken exclusively from road cuts. Initial test work reported gold recoveries averaging as high as 90.1%, suggesting mineralization is amenable to low-cost, conventional, heap-leach processing (See June 11, 2009 press release).

Approximately 30,000 metres of drilling was completed in 2009 at Long Canyon, with the majority dedicated to development-related activities to advance the project to feasibility stage.

Upcoming activities to report in the near-term at Long Canyon include: 

  •  A budget and scope for 2010's exploration and development program, planned to be announced in Q1.
  • An updated NI 43-101 resource estimate, incorporating drill results from 2009, planned to be completed during the first half of 2010.

DRILL HIGHLIGHTS

Hole ID

From

To

Intercept length

Au

Au

 

(metres)

(metres)

(metres)

(oz/ton)

(g/t)

LCM22

26.5

66.2

39.6

0.145

4.97

including

46.2

52.4

6.3

0.489

16.76

LCM23

50.9

58.5

7.6

0.034

1.17

LCM24A

3.2

4.9

1.7

0.077

2.63

LCM24B

1.8

6.1

4.3

0.034

1.18

LCM24C

2.4

6.3

3.8

0.152

5.19

LCM24D

1.7

10.5

8.8

0.334

11.45

LCM24E

0.8

8.1

7.3

0.172

5.88

LCM25B

1.1

3.8

2.7

0.083

2.86

LCM25C

0.8

4.1

3.4

0.080

2.73

LCM25D

0.6

4.7

4.1

0.067

2.31

LCM25E

0.3

5.6

5.3

0.072

2.47

LCM26

83.5

91.8

8.2

0.183

6.25

 

96.3

99.4

3.0

0.029

1.00

LCM27

87

98.2

11.1

0.046

1.57

LCM29

7.9

32.3

24.4

0.157

5.36

including

24.7

30

5.3

0.581

19.90

LCM30

7.9

85.7

77.7

0.115

3.94

including

30.8

36.9

6.1

0.387

13.25

including

53.8

58.2

4.4

0.730

25.01

including

76.8

81.4

4.6

0.175

6.00

LCM32

107.2

111.9

4.7

0.408

13.97

including

108.8

111

2.1

0.887

30.37

LCM33

72.6

115.2

42.7

0.096

3.29

including

93.9

101.3

7.4

0.340

11.63

LCM34

52.7

103

50.3

0.068

2.33

including

66.5

71.3

4.9

0.179

6.12

including

84.8

87.8

3.0

0.151

5.18

LCM35

67.7

81.7

14.0

0.060

2.06

LCM36

34.8

46.6

11.9

0.494

16.91

including

37.5

46.6

9.1

0.636

21.78

LCM37

27.7

40.4

12.7

0.087

2.99

Primary drill composites were calculated using a cut-off of 0.30 g/t, with variably higher cut-offs for the sub-intervals. Drill intersections are reported as drilled thicknesses. True widths of the mineralized intervals are interpreted to be between 70-100% of the reported lengths. "#M" indicates metallurgical holes. Results less than 1 g/t are not reported in this press-release table. For a PDF of comprehensive drill results, including non-reportable intercepts, please click: http://www.fronteergroup.com/sites/files/fronteer_admin/LongCanyonDrillResults1006.pdf

For a map highlighting recent drilling, please click: http://www.fronteergroup.com/sites/files/fronteer_admin/LongCanyonDrillMap1006.pdf

Long Canyon, Sandman and Northumberland comprise Fronteer's future production platform based in Nevada. All three gold deposits have high-grade gold starting at- or near-surface, are potentially open-pit mineable and have encouraging production attributes. Fronteer aims to build regional production by advancing these projects sequentially over the near-term, and funding the company's growth with low-risk of dilution. In the near-term, Fronteer anticipates ongoing 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.

Fronteer is majority owner (51%) and operator of Long Canyon through a joint venture with AuEx Ventures Inc. (49%).

Moira Smith, Ph.D., and Professional Geologist as recognized by the Association of Professional Engineers and Geoscientists, British Columbia, 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/t. Drill intersections are reported as drilled thicknesses. True widths of the mineralized intervals are interpreted to be between 70-100% of the reported lengths. Reverse circulation cuttings were sampled on 5.0 feet (1.52 metre) intervals and core was sampled at geologically selected 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 5.0 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 and continual monitoring 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.

ABOUT FRONTEER
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. 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 preliminary economic assessment and size and location 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 �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...
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    16/11/2009reports third quarter results
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    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...
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    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 ...
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    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
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    11/03/2008(Labrador Iocg)Nunatsiavut government considers proposed change
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    01/02/2011completes sale of uranium assets to Paladin Energy
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    28/06/2010Provides mid-year update on advancement of its key gold proj...
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    05/04/2007Closes C$5,870,500 Over-Allotment Option
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    TORONTO (FRG.TO)AMEX (FRG)
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