Fronteer Gold Inc.: Drilling to West of Resource Area at Long Canyon Returns 9.84 g/t Gold Over 27.7 Metres
13 Diciembre 2010 - 6:00AM
Marketwired
Fronteer Gold (TSX: FRG)(NYSE Amex: FRG) reports it has intersected
wide intervals of high-grade, oxide gold to the west of the
resource area at its wholly owned Long Canyon deposit, and that
aggressive step-out drilling to the northeast is well underway.
Drilling in 2010 has been largely focused in an area to the
northeast of the current resource area. However, areas along the
sparsely-drilled western edge of the resource area were also tested
and are returning intervals of higher grade and greater thickness
than currently modeled. Drill results from this western area
include:
-- 9.84 grams per tonne gold over 27.7 metres, including 14.63 g/t over
17.2 metres in LC698C;
-- 3.82 g/t over 55.0 metres, in LC657C.
Highlights from other new drilling largely throughout the
northern half of the deposit include:
-- 5.23 g/t over 41.8 metres, including 15.33 g/t over 4.0 metres in
LC683C;
-- 5.32 g/t over 10.4 metres, including 16.13 g/t over 2.7 metres in
LC660C;
-- 2.62 g/t over 39.9 metres in LC693C;
-- 2.58 g/t over 39.3 metres in LC696C;
-- 2.73 g/t over 20.7 metres in LC655C.
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 generally range between 50-100% of the
reported lengths. Intervals less than 1 g/t are not reported in
this press-release table. "C" indicates a core hole. For a PDF of
comprehensive drill results from 2010, including new and
non-reportable intercepts, please click:
http://www.fronteergold.com/sites/files/fronteer_admin/LongCanyonDrillResults1042.pdf
"The robust results from drilling along and beyond the northern
and western edges of the current resource area demonstrate the
strength and ongoing growth potential of the Long Canyon deposit,"
says Moira Smith, Nevada Chief Geologist for Fronteer Gold.
The Long Canyon gold deposit is open in all directions and
remains oxidized. Aggressive step-out drilling to the northeast is
now underway, with assays pending. Six drill rigs are operating on
the property and more than 70,000 metres have been drilled to date
in 2010. Drilling will extend through winter, with an additional
10,000 metres of drilling planned from January through March
2011.
For a map highlighting recent drilling, please click:
http://www.fronteergold.com/sites/files/fronteer_admin/LongCanyonDrillMap1042.pdf
2011 GOALS
Long Canyon's comprehensive work program is focused on resource
definition and expansion, as well as on the metallurgical,
engineering and environmental work necessary to move the project to
feasibility stage. Significant water and private-surface rights for
mine development have already been secured. A proposed $30-million
work program for 2011 includes the near-term goals of:
-- completing an updated resource and updated Preliminary Economic
Assessment in early 2011;
-- undertaking 100,000 metres of exploration and development drilling;
-- initiating permitting;
-- completing an additional resource update near year-end 2011; and,
-- commencing feasibility stage.
Moira Smith, P. Geo., Nevada Chief Geologist for Fronteer Gold,
is the company's designated Qualified Person for this news release
and has reviewed and validated that the information contained in
the release accurate. 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 generally
range between 50-100% of the reported lengths. Reverse circulation
cuttings were sampled on 5.0 feet (1.52 metres) 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 GOLD
We intend to become a significant gold producer. Our future
potential production platform includes our Long Canyon, Sandman and
Northumberland projects - all located in Nevada. We also have a 40%
interest in Halilaga, an emerging copper-gold porphyry deposit in
northwestern Turkey, and 100% ownership of Aurora Energy Resources
Inc, developer of one of the world's largest uranium deposits,
based in Labrador, Canada. 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, 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, 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, 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 10-42
Contacts: Fronteer Gold Inc. Mark O'Dea President & CEO
604-632-4677 or Toll Free 1-877-632-4677 Fronteer Gold Inc. Patrick
Reid Senior Director, Institutional Marketing 604-632-4677 or Toll
Free 1-877-632-4677 info@fronteergold.com www.fronteergold.com
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