Fronteer Development Group Inc.: More Wernecke Properties Return Encouraging Copper-Gold Results
January 17 2008 - 10:30AM
Marketwired
VANCOUVER, BRITISH COLUMBIA (TSX: FRG)(AMEX: FRG) announced
today that intervals of copper-gold mineralization have been
intersected at its TVA-HEM and Pagisteel properties in the Yukon's
Wernecke Mountains.
Drill highlights include:
- 2.57% copper and 0.97 grams per tonne gold over 6.1 metres in
PG07-01
- 0.69% copper and 0.17 grams per tonne gold over 9.33 metres in
UT07-11 at HEM
- 0.36% copper and 0.18 grams per tonne gold over 8.37 metres in
UT07-12 at HEM
These new results suggest HEM and Pagisteel have further
exploration potential and may form an important deposit component
in this emerging mineral district.
The two properties are part of Fronteer's 400-sq-km land package
in the Wernecke Mountains of Canada's north-central Yukon
Territory. Fronteer's Hoover property recently returned encouraging
intervals of copper-gold mineralization, including 1.84% copper and
0.53 grams per tonne gold over 17.3 metres (See release 08-02).
Fronteer's exploration efforts have focused on the growing
similarities in styles of copper-gold-uranium mineralization
between this underexplored part of Canada and the Olympic Dam
district of South Australia.
At TVA-HEM, two holes spaced 200 metres apart were drilled near
a Wernecke breccia.
At Pagisteel, Hole PG 07-01 is the first to test a 4-km long
regional structure associated with strong soil and rock
geochemistry anomalous in gold and copper.
Final 2007 drill results returned include:
-----------------------------------------------------------
Hole_ID From_m To_m Interval (m) Au (g) Cu(%)
TVA HEM
-----------------------------------------------------------
UT07-11 175.87 176.36 0.49 0.01 1.59
UT07-11 332.5 341.04 8.54 0.14 0.20
UT07-11 345.28 354.61 9.33 0.17 0.69
Incl. 345.98 349.63 3.65 0.35 1.46
UT07-12 149.84 158.21 8.37 0.18 0.36
UT07-12 178.4 191.45 13.05 0.03 0.28
Pagisteel
-----------------------------------------------------------
PG07-01 117.3 123.4 6.1 0.97 2.57
-----------------------------------------------------------
Drill hole intersections for the HEM are 80% of indicated
lengths while Pagisteel intersection is 90% of indicated.
For a map showing Pagisteel drill hole location and soil factor
scores, please use the following link:
www.fronteergroup.com/i/IR/PagisteelMap.jpg
For a map showing TVA-Hem drill hole locations and ground
magnetics, please use the following link:
www.fronteergroup.com/i/IR/TVA-HemMap.jpg
The Wernecke exploration program is operated by Fronteer, and
funded pro-rata by the Company (80%) and its joint venture partner
Rimfire Minerals Corp (20%).
Assay results have been prepared under the guidance of David
Kuran, P. Geo, who is designated as a Qualified Person with the
ability and authority to verify the authenticity of and validity of
this data. All samples were analyzed by ALS Chemex, North
Vancouver, BC, using ICP-AES and fire assay. Assays were completed
with uranium determinations by ME-MS-61 ICP geochemical analysis
with samples returning over 1000 ppm U were then analyzed by
U-XRF-10 analysis.
ABOUT FRONTEER
Fronteer is an exploration and development company with a track
record of making big discoveries. Fronteer has a 40% interest in
three world-class gold and copper-gold projects in western Turkey,
an extensive portfolio of advanced stage gold projects in Nevada,
and a 42.3% interest in Aurora Energy Resources (TSX: AXU), a
leading Canadian uranium company. For further information on
Fronteer visit www.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. Such forward-looking
statements, including but not limited to, those with respect to
potential expansion of mineralization, and 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 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,
silver, copper, and uranium, environmental risks and hazards,
increased infrastructure and/or operating costs, labor and
employment matters, and government regulation 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.
NEWS RELEASE 08-03
Contacts: Fronteer Development Group Inc. Mark O'Dea, Ph.D,
P.Geo President and CEO (604) 632-4677 or Toll Free: 1-877-632-4677
Fronteer Development Group Inc. Glen Edwards Media Relations (604)
632-4677 or Toll Free: 1-877-632-4677 Email: info@fronteergroup.com
Website: www.fronteergroup.com
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