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Fronteer Gold

Publié le 07 juin 2010

New high-grade drill results and expanded Plan of Operations

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June 7, 2010

New high-grade drill results and expanded Plan of Operations for Sandman gold project, Nevada

10-18

Fronteer Gold (FRG - TSX/NYSE Amex) reports new high-grade drill results from Silica Ridge, one of four gold deposits that comprise our Sandman project, and announces approval of an expanded Plan of Operations for the Nevada property. 

 

Newmont USA Limited, as project operator, completed a 19-hole drill program at Silica Ridge in April.  Results received from the first five holes show continued intersection of high-grade oxide gold mineralization. Highlights include:

  • 15.00 grams per tonne gold (0.438 ounces per ton) and 22.19 g/t  silver (0.647 oz/ton) over 3.60 metres, including 43.87 g/t gold (1.280 oz/ton) and 51.50 g/t silver (1.502 oz/ton) over 1.13 metres, in NSM-172.
  • 16.33 g/t gold (0.476 oz/ton) and 18.41 g/t silver (0.537 oz/ton) over 1.52 metres, in NSM-168.
  • 2.47 g/t gold (0.072 oz/ ton) and 11.00 g/t silver (0.321 oz/ton) over 5.76 metres, including 13.94 g/t gold (0.407 oz/ton) and 27.91 g/t silver (0.814 oz/ton) over 0.58 metres, in NSM-174.
  • 9.20 g/t gold (0.268 oz/ ton) and 11.23 g/t silver (0.327 oz/ton) over 1.10 metres, in NSM-165.

For a comprehensive table of new and previously reported drill results, please click:

http://www.fronteergold.com/sites/files/fronteer_admin/SandmanDrillResults1018.pdf 

 

The Winnemucca Bureau of Land Management recently approved a new Exploration Plan of Operations for the Sandman property, significantly increasing the area permitted for exploration and development work from two square miles to 39 square miles. This allows for work to be carried out beyond the Silica Ridge and Southeast Pediment deposits, which have been the primary focus for Newmont to date because of disturbance restrictions in the original BLM Notices.  Newmont will commence exploration work in early June to test up to eight new high-priority targets identified through geophysical surveys completed in 2008 and 2009. The ongoing development drilling program will focus on the known North Hill deposit, which will receive infill drilling and metallurgical test work, as well as further step-out drilling at the Southeast Pediment deposit.

 

Newmont continues to meet earn-in obligations and can elect to make a positive production decision by June 2011 to earn a 51% interest in Sandman. Thereafter, Newmont may earn an additional 9% interest by spending a further US$9 million on development.

 

All known deposits at Sandman, like the historical Sleeper mine to the north, are epithermal in origin and have high-grade gold mineralization hosted within zones of quartz-adularia replacement associated with faults and breccias. The deposits are also silver-bearing, with composite grades averaging approximately half an ounce silver per ton (see table).Silver could be an important economic attribute of this mineralized system, potentially providing by-product credits to effectively reduce cash costs of any future gold production.

 

The Sandman Property's four known high-grade gold deposits are located within trucking distance to Newmont's Twin Creeks mine, potentially eliminating the need for a stand-alone milling facility and other significant capital expenditures.  Given Sandman's proximity to established infrastructure, Fronteer Gold believes Sandman has the potential to be the nearest term production-stage project within the company's large Nevada gold platform. 

 

Drill samples and analytical data for the Sandman project are being collected under the supervision of Newmont, using industry standard QA-QC protocols.  Fronteer Gold's James Ashton P.E., who is the QP responsible for compiling the data contained in this release, has not verified all the data; however, the grades and widths reported here are consistent with Fronteer Gold's past results on the project.  Correspondence with the operator and review of portions of the data, has given him no reason to doubt the results authenticity.  The true width of the mineralized zones is estimated by Fronteer Gold to be approximately 90% of those stated. Primary composite intervals stated in this release were calculated using a cut-off of 0.3 g/t Au, 0.5 g/t Au and 2.0 g/t Au for the higher grade internal intervals.  No gold values below the 0.30 g/t Au cut-off were included as internal dilution.  The lower 0.3 g/t cut off is used to conform with the 43-101 compliant resources previously calculated on the Sandman Project.  For further details on Sandman, please view the technical report prepared by Mine Development Associates ("MDA"), as of May 31, 2007, on SEDAR at http://www.sedar.com.

 

ABOUT FRONTEER GOLD

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.  Fronteer Gold aims to build regional production by advancing these projects sequentially over the near-term using existing cash resources - funding the company's growth with low-risk of dilution.  For further information on Fronteer Gold visit www.fronteergold.com or contact:


Mark O'Dea, President & CEO
Troy Fierro, COO

Sean Tetzlaff, CFO
John Dorward, VP, Business Development
Glen Edwards, Director, Communications
Phone 604-632-4677 or Toll Free 1-877-632-4677
?

info@fronteergold.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, 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 Gold 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 Gold's Annual Information form and Fronteer Gold's latest Form 40-F on file with the United States Securities and Exchange Commission in Washington, D.C. Although Fronteer Gold 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 Gold 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 �2010 Fronteer Development Group | fronteergold.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 ...
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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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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)
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