Fronteer Development Group Inc.: Metallurgical Drilling Returns 4.15 Grams Per Tonne Gold Over 50.8 Metres at Long Canyon, Nevad
June 29 2009 - 7:00AM
Marketwired
Fronteer Development Group Inc. (TSX: FRG)(NYSE Amex: FRG) is
pleased to announce that it has intersected more wide intervals of
high grade mineralization and discovered an additional gold zone at
its 51%-owned and operated Long Canyon project in northeastern
Nevada.
Work to date in 2009 has focused on both infill drilling for
ongoing metallurgical purposes and testing a new target located
entirely outside of the current resource area.
Metallurgical holes have been very encouraging and continue to
demonstrate the strong continuity and high-grade nature of gold
mineralization at Long Canyon. Highlights include:
- 4.15 grams per tonne gold (0.121 ounces per ton) over 50.8
metres, including 6.98 (0.204 oz/ton) over 15.2 metres in hole
LCM13;
- 3.46 g/t gold (0.101 oz/ton) over 14.9 metres, including 8.05
g/t (0.235 oz/ton) over 2.0 metres in LCM03;
- 4.15 g/t (0.121 oz/ton) over 17.1 metres, including 7.53 g/t
(0.220 oz/ton) over 6.1 metres in LCM17.
Of equal significance, drilling that tested a new target has
intersected gold mineralization over a 200-metre strike length. The
new zone, called the Syncline Zone, is located 400 metres southeast
and parallel to the Discovery Zone. Fronteer geologists developed
the Syncline target through geological modeling of the known
deposit and extrapolation into other areas. Drilling in 2009 will
test additional targets located outside of the current resource
area.
Highlights from the Syncline Zone include:
- 2.95 g/t (0.086 oz/ton) over 7.6 metres, including 6.99 g/t
(0.204 oz/ton) over 1.5 metres in LC233; and
- 2.63 g/t (0.077 oz/ton) over 3.0 metres in LC235.
LONG CANYON DRILL HIGHLIGHTS
------------------------------------------------------------------
Intercept
From To length Au Au
Hole ID (metres) (metres) (metres) oz/t (g/t)
------------------------------------------------------------------
------------------------------------------------------------------
LC233 29.0 36.6 7.6 0.086 2.95
------------------------------------------------------------------
Including 30.5 32.0 1.5 0.204 6.99
------------------------------------------------------------------
------------------------------------------------------------------
LC235 10.7 13.7 3.0 0.077 2.63
------------------------------------------------------------------
------------------------------------------------------------------
LC240 122.0 128.0 6.1 0.030 1.03
------------------------------------------------------------------
------------------------------------------------------------------
LCM03 12.4 17.8 5.4 0.194 6.64
------------------------------------------------------------------
Including 15.7 16.9 1.2 0.686 23.50
------------------------------------------------------------------
23.8 38.7 14.9 0.101 3.46
------------------------------------------------------------------
Including 24.6 25.3 0.7 0.177 6.05
------------------------------------------------------------------
35.5 37.5 2.0 0.235 8.05
------------------------------------------------------------------
------------------------------------------------------------------
LCM07 5.6 7.9 2.3 0.030 1.03
------------------------------------------------------------------
------------------------------------------------------------------
LCM12 104.9 105.5 0.61 0.050 1.72
------------------------------------------------------------------
------------------------------------------------------------------
LCM13 60.4 111.1 50.8 0.121 4.15
------------------------------------------------------------------
Including 62.9 78.2 15.2 0.204 6.98
------------------------------------------------------------------
And including 89.3 108.8 19.5 0.131 4.48
------------------------------------------------------------------
------------------------------------------------------------------
LCM14 50.3 57 6.7 0.111 3.81
------------------------------------------------------------------
64.6 90.1 25.5 0.077 2.65
------------------------------------------------------------------
Including 66.2 67.7 1.5 0.205 7.01
------------------------------------------------------------------
Including 75.3 78.2 2.9 0.166 5.68
------------------------------------------------------------------
------------------------------------------------------------------
LCM17 94.5 111.6 17.1 0.121 4.15
------------------------------------------------------------------
Including 102.1 108.2 6.1 0.220 7.53
------------------------------------------------------------------
Including 106.4 106.7 0.3 0.969 33.20
------------------------------------------------------------------
(i)True widths of the mineralized intervals are interpreted to
be between 70-100% of the reported lengths. The Classified Mineral
Resource estimate comprises a cut-off grade of 0.30 g/t gold.
Results less than 1 g/t not reported in this press-release table.
"LCM" identifies metallurgical holes. For a PDF of comprehensive
drill results, including non-reportable intercepts, please click:
http://www.fronteergroup.com/sites/files/fronteer_admin/LongCanyonDrillResults0922.pdf
For a map highlighting recent drilling, please click:
http://www.fronteergroup.com/sites/files/fronteer_admin/LongCanyonDrillMap0922.pdf
Approximately US$10 million of the US$14.1-million work-program
budget for 2009 will be spent on drilling, with 47,000 metres
planned. Approximately 5,900 metres and 56 holes have been drilled
since April 2009. The balance of the year's budget will be spent on
preliminary environmental, engineering and metallurgical studies to
begin assessing potential processing options and economics of the
deposit.
Fronteer owns more than 400,000 acres of mineral rights in this
new region. Long Canyon, Sandman and Northumberland are Fronteer's
most advanced gold projects and comprise the Company's future
production platform in Nevada.
For an animated video showing Long Canyon's current resource,
please click:
http://www.fronteergroup.com/sites/fronteer_admin/FRG_LongCanyon_May0509_CLIP.wmv.
For more information on Long Canyon and Fronteer's other Nevada
projects, visit:
http://www.fronteergroup.com/?q=content/nevada.
Moira Smith, Ph.D., and Professional Geologist as recognized by
the Association of Professional Engineers and Geoscientists,
British Columbia, is designated as a Qualified Person for these
Long Canyon drill results, with the ability and authority to verify
the authenticity of, and validity of, this data. Drill composites
were calculated using a cut-off of 0.30 g/t. Drill intersections
are reported as drilled thicknesses. Reverse circulation cuttings
were sampled on 5.0 feet (1.52 metre) 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 10.0 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
Fronteer is an exploration and development company with three
key gold projects in Nevada forming its platform for future gold
production. Fronteer also has 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 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, 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 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'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 09-22
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. Richard Moritz Director, Investor
Relations 604-632-4677 or Toll Free 1-877-632-4677 Fronteer
Development Group Inc. Glen Edwards Director, Communications
604-632-4677 or Toll Free 1-877-632-4677 info@fronteergroup.com
www.fronteergroup.com
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