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Fronteer Gold

Publié le 01 juin 2009

Sandman gold project returns 25.58 grams per tonne gold over 5.28 metres

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Mots clés associés :   Canada | Copper | Uranium |

June 1, 2009

Sandman gold project returns 25.58 grams per tonne gold over 5.28 metres

09-16

Fronteer Development Group Inc. (FRG- TSX/NYSE Amex) is pleased to announce that Newmont USA Limited ("Newmont"), a subsidiary of Newmont Mining Corporation, has provided the results from a further nine holes recently drilled as part of their 2009 US$5M work-program at the Sandman gold project in Nevada. 

 

Six holes intersected near-surface, oxide gold mineralization within the Southeast Pediment deposit, continuing to demonstrate the high-grade nature of this emerging deposit.

 

Highlights include:

  • 25.58 grams per tonne gold  over 5.28 metres, including 65.69 g/t over 1.95 metres in NSM-53;
  • 120.75 g/t over 1.95 metres in NSM-69; and,
  •  20.21 g/t over 1.98 metres in NSM-76.

Three holes also tested the Silica Ridge deposit, located five kilometres from Southeast Pediment.  Results were encouraging with the highest gold reported as 3.57 g/t over 1.34 metres in NSM-102. 

Phase 1 of the 2009 development and exploration program came to close on April 17, with a total of 62 holes and 6,700 metres drilled since January 2009.  Newmont plans to compile data for the next two months and resume drilling in mid-July. 

Newmont's 2009 work-program will provide the foundation for ongoing development activities. The overall objectives of the 2009 development program are to focus on the known deposits at SE Pediment and Silica Ridge and drill a combination of HQ and PQ core holes to:

  • confirm the character of gold mineralization (size range of the gold);
  • obtain bulk metallurgical material for mill grade and potential heap leach metallurgical tests;
  • and improve the understanding of the geology and ore controls of the mineralization.

    The 2009 exploration program will focus on finding additional mineralization along the known structural trends from two of the four existing gold resource areas, and also target new areas generated from geological mapping and the results of recent geophysical and geochemical surveys. 

    At Sandman, high-grade, gold mineralization occurs in multiple locations along a 16-kilometre trend, situated within the regional King River Rift structure. High-grade vein-related gold systems, including the Sleeper gold mine and the Goldbanks deposit, also occur along the King River Rift, suggesting regional structural control that could expand the size and continuity of the mineralization at this project. 

    Sandman's deposits are near-surface and potentially amenable to open-pit mining. Infrastructure surrounding Fronteer's Sandman project is considered excellent. The property is within trucking distance to Newmont's Twin Creeks mine, potentially eliminating the need for a stand-alone milling facility and other significant capital expenditures if the project were to proceed to production. 

    Under the terms of the Sandman option and joint-venture agreement, Newmont can earn an initial 51% interest in the project by making a positive production decision by June 2011, spending a minimum of US$14 million on exploration and development, making a commitment to fund and construct a mine, and completing a feasibility study. Newmont has met all earn-in obligations to date.

    SANDMAN DRILL RESULTS

    Hole ID

    From      (m)

    To     (m)

    Interval (m)

    Ag       (g/t)

    Au     (g/t)

    Au        (oz/ton)

    Target Area

     

     

     

     

     

     

     

     

    NSM-47

    92.87

    95.10

    2.23

    1.93

    0.56

    0.016

    Silica Ridge

    and

    96.56

    97.84

    1.28

    5.90

    0.66

    0.019

     

    and

    98.88

    100.40

    1.52

    6.79

    0.96

    0.028

     

     

     

     

     

     

     

     

     

    NSM-53

    30.78

    36.06

    5.28

    34.92

    25.58

    0.746

    SE Pediment

    including

    32.58

    34.53

    1.95

    57.97

    65.69

    1.916

     

    and

    40.33

    44.17

    3.84

    7.45

    0.67

    0.020

     

    and

    44.74

    47.79

    3.05

    14.44

    2.19

    0.064

     

    and

    51.39

    52.12

    0.73

    14.19

    0.79

    0.023

     

     

     

     

     

     

     

     

     

    NSM-68

    9.30

    14.33

    5.03

    23.49

    1.45

    0.042

    SE Pediment

    including

    10.94

    11.98

    1.04

    70.22

    2.37

    0.069

     

    and

    16.92

    21.34

    4.42

    11.23

    1.54

    0.045

     

    including

    19.93

    21.34

    1.40

    13.20

    3.40

    0.099

     

     

     

     

     

     

     

     

     

    NSM-69

    26.94

    28.68

    1.74

    4.88

    1.20

    0.035

    SE Pediment

    and

    36.18

    36.73

    0.55

    31.20

    8.20

    0.239

     

    and

    38.01

    39.96

    1.95

    20.39

    120.75

    3.522

     

     

     

     

     

     

     

     

     

    NSM-76

    0.00

    10.67

    10.67

    14.21

    1.08

    0.031

    SE Pediment

    and

    32.80

    34.78

    1.98

    45.06

    20.21

    0.590

     

    and

    35.81

    37.37

    1.55

    25.64

    2.32

    0.068

     

    and

    38.47

    40.08

    1.62

    14.95

    2.01

    0.059

     

     

    NSM-77

    13.26

    15.03

    1.77

    6.26

    0.74

    0.021

    SE Pediment

    and

    18.99

    20.79

    1.80

    15.87

    6.33

    0.185

     

     

     

     

     

     

     

     

     

    NSM-85

    12.56

    17.50

    4.94

    11.02

    0.55

    0.016

    SE Pediment

    and

    20.85

    21.61

    0.76

    7.20

    0.54

    0.016

     

     

     

     

     

     

     

     

     

    NSM-102

    2.62

    3.84

    1.22

    3.81

    0.81

    0.024

    Silica Ridge

    and

    15.24

    18.17

    2.93

    44.26

    0.57

    0.016

     

    and

    20.73

    24.57

    3.84

    62.04

    1.64

    0.048

     

    including

    23.23

    24.57

    1.34

    56.71

    3.57

    0.104

     

    and

    26.43

    27.74

    1.31

    72.51

    2.61

    0.076

     

     

     

     

     

     

     

     

     

    NSM-113

    27.86

    30.91

    3.05

    4.27

    2.50

    0.073

    Silica Ridge

    and

    69.34

    73.24

    3.90

    8.94

    1.09

    0.032

     

    Note: The true width of the mineralized zones is estimated to be approximately 90% of those stated. Primary composite intervals were calculated using a cut-off of 0.5 g/t gold and 2.0 g/t gold for the higher grade internal intervals.

    Drill samples and analytical data for the Sandman project are being collected under the supervision of Newmont, Fronteer's joint venture partner and project operator, using industry standard QA-QC protocols. Fronteer's James Ashton P.E., 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 the operator has given him no reason to doubt their authenticity. 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.

    Sandman, Long Canyon and Northumberland are currentlyFronteer's leading properties among its large portfolio of gold projects inNevada.  

    For more information on Sandmanand Fronteer's other Nevada projects, visit: http://www.fronteergroup.com/?q=content/nevada

    ABOUT FRONTEER

    Fronteer is an exploration and development company with a track record of making big discoveries. Fronteer has an extensive gold project pipeline in Nevada, a 40% interest in three gold and copper-gold projects in western Turkey, and 100% ownership of Aurora Energy Resources, a private subsidiary advancing a world-class uranium district in Labrador, Canada. For further information on Fronteer visitwww.fronteergroup.com or contact:

    MarkO'Dea, Ph.D, P.Geo President and CEO
    Richard Moritz, Director, Investor Relations
    GlenEdwards, Director, Communications
    Phone 604-632-4677 or Toll Free 1-877-632-4677
    info@fronteergroup.com

    Exceptfor the statements of historical fact contained herein, certain informationpresented constitutes "forward-looking statements" within the meaningof the United States Private Securities Litigation Reform Act of 1995. Suchforward-looking statements, including but not limited to, those with respect topotential expansion of mineralization, potential size of mineralized zone, and size of exploration program involve known and unknown risks, uncertainties andother 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. Suchfactors include, among others, risks related to international operations andjoint 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 continueto 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
    Suite 1650, 1055 West Hastings, Vancouver, BC V6E 2E9
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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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