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Fronteer Gold

Publié le 14 avril 2010

Drilling returns 308 metres of 0.34 g/t gold and 0.30% copper at growing Halilaga gold-copper depo s

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Mots clés associés :   Copper | Uranium |

April 13, 2010

Drilling returns 308 metres of 0.34 g/t gold and 0.30% copper at growing Halilaga gold-copper deposit

10-14

Fronteer (FRG - TSX/NYSE Amex) announces that additional assay results from the Halilaga project in northwestern Turkey continue to demonstrate significant widths of gold-copper mineralization including near surface supergene enrichment. 
 

 

Halilaga provides Fronteer with excellent exposure to an exciting copper-gold project in an emerging mineral district with excellent infrastructure.

 

Teck Resources Limited's Turkish subsidiary, ("TMST"), Fronteer's 60% joint venture partner and project operator, provided additional results from its recently completed winter drill program, which focused on Halilaga's Central Zone. Mineralization at this zone has only been defined by approximately two dozen holes and remains open in almost all directions including at depth.

 

To date, copper-gold mineralization has been outlined over a strike length of 1,200 metres and a width of 400 metres, with thicknesses ranging up to 400 metres.  An important component of this deposit is the occurrence of a higher-grade enrichment zone starting at, or near surface, and which locally reaches up to 40 metres in thickness.

 

Drill highlights from new assays include:

  • 0.34 grams per tonne gold and 0.30% copper over 308.1 metres, including 0.67 g/t gold and 0.51% copper over 11.0 metres, in HD-45;
  • 0.32 g/t gold and 0.31% copper over 285.5 metres, including 0.86 g/t gold and 0.56% copper over 13.5 metres, in HD-49; and
  • 0.40 g/t gold and 0.25% copper over 141 metres, including 0.65 g/t gold and 0.46% copper over 19.4 metres, in HD-42D.

A $2.7 million drill program, funded 60%/40% by TMST and Fronteer, is planned for 2010 with a focus on expanding the footprint of the Central Zone. The program will include 10,000 metres of core drilling, with 8,500 metres of drilling planned for the Central Zone, and the remainder planned for porphyry targets outside this main zone. Drilling is expected to commence in June. Fronteer also anticipates completing the first resource estimate for the project by year-end.

 

DRILL HIGHLIGHTS

 

Hole ID

From         (metres)

To             (metres)

Intercept          (metres)

Au        (g/t)

Cu           (%)

HD-42D

260.00

401.00

141.00

0.40

0.25

Including

306.60

350.00

43.40

0.55

0.36

Including

324.60

344.00

19.40

0.65

0.46

And

414.50

450.50

36.00

0.19

0.15

And

566.45

614.00

47.55

0.15

0.18

HD-45

103.20

411.30

308.10

0.34

0.30

Including

204.60

334.50

129.90

0.45

0.35

Including

323.50

334.50

11.00

0.67

0.51

HD-46

13.00

154.00

141.00

0.23

0.27

Including

18.10

33.40

15.30

0.19

0.71

And

278.30

292.50

14.20

0.22

0.26

HD-49

14.60

300.10

285.50

0.32

0.31

Including

75.90

182.80

106.90

0.46

0.41

Including

110.00

123.50

13.50

0.86

0.56

 

All true widths are 80-90% of reported widths unless otherwise stated. All intervals of no sampling have been assigned zero grade for the purposes of compositing. Hole HD-42D was a re-drill of HD-42 which terminated prematurely at 393.5m due to poor ground conditions.

 

For a PDF of comprehensive drill results at Halilaga's Central Zone, please click:
http://www.fronteergroup.com/sites/files/fronteer_admin/HalilagaDrillResults1014.pdf

 

For a map highlighting recent drilling at the Central Zone, please click: http://www.fronteergroup.com/sites/files/fronteer_admin/HalilagaMap1014.pdf

 

Metallurgical work at Halilaga has also returned excellent initial results (see April 5, 2010 press release).

 

Halilaga is an excellent example of internal growth opportunities outside of our Nevada platform. Nevada, one of the world's best gold mining jurisdictions, is at the very heart of Fronteer's operations. Our gold development pipeline in Nevada includes our Long Canyon, Sandman and Northumberland projects.  All three gold deposits have high-grade gold starting at- or near-surface, are open-pit mineable and have high-quality production attributes.  We aim to build regional production by advancing these key gold projects sequentially over the near-term using existing cash resources.

 

Drill samples and analytical data for Halilaga are collected under the supervision of TMST, Fronteer's joint venture partner and project operator, using industry standard QA-QC protocols. Ian Cunningham-Dunlop P. Eng, Vice President Exploration for Fronteer, who is the QP responsible for compiling the data contained in this release, has not verified the data; however, the grades and widths reported here agree well with the Company's past results on the project and correspondence with TMST has given him no reason to doubt their authenticity. For further details on Halilaga, please view the NI 43-101 technical report entitled "NI 43-101 Technical Report on the Halilaga Exploration Property, Canakkale, Western Turkey", dated March 30, 2009, prepared by Peter Grieve, of Geology and Resource Solutions Limited, on SEDAR at http://www.sedar.com/.


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, President & CEO

Troy Fierro, COO
John Dorward, VP, Business Development
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 |
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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...
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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
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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
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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)
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52 sem. b/h var. 52 sem.
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Volume var. 1 mois
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