Fronteer Gold Extends High-Grade Gold Zone and Awards Construction Contract for Underground Decline at Northumberland
05 Octubre 2010 - 6:00AM
Marketwired
Fronteer Gold (TSX: FRG)(NYSE Amex: FRG) reports that drilling has
extended a second high-grade gold-silver zone at its 100% owned
Northumberland project in Nevada and announces that the contract
for the construction of an underground decline has been awarded to
J.S. Redpath Corporation.
The recent core drilling program at Northumberland focused on
the shallower portion of the western half of the deposit where
historic wide-spaced drilling, combined with new geologic modeling,
gave indications of high-grade gold and silver occurring over thick
intervals. The four final holes of this nine-hole (2,830 metre)
drilling program were designed to test mineralization along
potential NW-SE-oriented controlling structures.
Drill holes FNU40 and FNU41 are located 60 metres north and 95
metres northwest of previously-reported NUG05 (see Sept 8, 2010,
press release). Drill holes FNU039 and FNU042 are situated 70
metres east and 80 metres south of FNU038.
Drill highlights include:
-- 10.24 grams per tonne gold (0.299 ounces per ton) and 43.00 g/t silver
(1.254 oz/ton) over 7.01 metres, including 18.64 g/t gold (0.544 oz/ton)
and 97.25 g/t silver (2.836 oz/ton) over 2.44 metres in FNU40.
-- 7.52 g/t gold (0.219 oz/ton) and 31.93 g/t silver (0.931 oz/ton) over
20.57 metres, including 14.48 g/t gold (0.422 oz/ton) and 22.11 g/t
silver (0.645 oz/ton) over 2.90 metres in FNU41.
-- 7.85 g/t gold (0.229 oz/ton) and 10.01 g/t silver (0.291 oz/ton) over
11.43 metres, including 13.88 g/t gold (0.405 oz/ton) and 24.85 g/t
silver (0.724 oz/ton) over 2.29 metres in FNU39.
(i) Composites for broad intervals are created at 3.0 g/t gold
cut off, with "including" intervals created at 10 g/t cutoff.
Several values below the 3.0 gram/tonne cutoff may be included as
part of the mineralized zone). For a table of drill highlights from
all nine holes, please click:
http://www.fronteergold.com/sites/files/fronteer_admin/NorthumberlandDrillResults1032.pdf.
These new holes continue to expand and enhance the understanding
of the distribution of high-grade mineralization throughout the
deposit. Mineralization now extends north-south for a distance of
290 metres and over an average thickness of 20 metres.
For a cross-section, please click:
http://www.fronteergold.com/sites/files/fronteer_admin/NorthumberlandCrossSection1032.pdf
DEVELOPMENT PROGRAM
Our goal is to advance Northumberland as a combined open-pit and
underground mine. We aim to selectively mine the higher-grade
underground sulphide resource, and mine oxide and transitional
material in open pit.
Site preparation work for a 280-metre long decline to access
high-grade mineralization within the deposit has now been completed
and the contract for underground exploration and development has
been awarded to J.S. Redpath Corporation of Sparks, Nevada.
Blasting and excavation of the portal entrance is expected to
commence in November.
The purpose of the decline is three-fold:
-- To provide the most cost-effective method for future
exploration/definition drilling and the best opportunity to assess
controls on high-grade mineralization.
-- To provide access for extraction of bulk samples for metallurgical
testing and pilot testing at third-party processing facilities.
-- To afford an easy transition from exploration to production.
In addition to the decline work, a seven-hole core drilling
program is currently targeting the shallow oxide/transitional area
of the deposit to obtain additional core for metallurgical
testing.
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. 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 (over 100 g/t for silver) 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 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. For further
information on Fronteer Gold visit www.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, potential type of mining operation and timing and
size of exploration and development programs 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
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.
NEWS RELEASE 10-32
Contacts: Fronteer Gold Inc. Mark O'Dea President & CEO
604-632-4677 or Toll Free 1-877-632-4677 Fronteer Gold Inc. John
Dorward VP, Business Development 604-632-4677 or Toll Free
1-877-632-4677 Fronteer Gold Inc. Glen Edwards Director,
Communications 604-632-4677 or Toll Free 1-877-632-4677
info@fronteergold.com www.fronteergold.com
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