Fronteer Development Group Inc.: Emerging Zone Returns More Wide Intervals of Gold at Long Canyon Project
August 12 2009 - 7:02AM
Marketwired
Fronteer Development Group Inc. (TSX: FRG)(NYSE Amex: FRG)
announces today that drilling has intersected wide intervals of
mineralization from an emerging gold zone at its 51%-owned and
operated Long Canyon gold deposit in northeastern Nevada.
Newly reported drill results reinforce strong continuity of gold
mineralization at the Shadow Zone, a 2008 discovery located
immediately northwest of the main Discovery Zone. Highlights from
the Shadow Zone include:
- 1.31 grams per tonne gold (0.038 ounces per ton) over 51.8
metres, including 9.30 g/t (0.270 oz/ton) over 1.9 metres in
LC249C; and
- 1.23 g/t (0.036 oz/ton) over 46.0 metres in LC245C.
Results from additional metallurgical holes also continue to
showcase the high-grade nature of gold mineralization at Long
Canyon. Highlights include:
- 7.94 g/t (0.232 oz/ton) over 19.2 metres, including 20.3 g/t
(0.593 oz/ton) over 6.7 metres in LCM2;
- 4.25 g/t (0.124 oz/ton) over 29.0 metres, including 8.14 g/t
(0.238 oz/ton) over 12.2 metres in LCM8; and
- 2.86 g/t (0.083 oz/ton) over 11.0 metres, including 11.0 g/t
(0.321 oz/ton) over 1.3 metres in LCM1.
Drill highlights
----------------------------------------------------------------------
Intercept
From To length Au Au
Hole ID (metres) (metres) (metres) oz/t (g/t)
----------------------------------------------------------------------
LC245C 122.6 168.6 46.0 0.036 1.23
----------------------------------------------------------------------
LC249C 80.2 132.0 51.8 0.038 1.31
----------------------------------------------------------------------
including 81.7 83.6 1.9 0.27 9.25
----------------------------------------------------------------------
113.3 113.7 0.4 0.345 11.80
----------------------------------------------------------------------
LC252C 61.6 77.7 16.2 0.065 2.23
----------------------------------------------------------------------
LC258C 50.0 54.0 4.0 0.079 2.72
----------------------------------------------------------------------
LC259C 20.1 29.4 9.3 0.044 1.50
----------------------------------------------------------------------
LC265C 78.5 82.9 4.4 0.127 4.34
----------------------------------------------------------------------
LCM01 24.7 35.7 11.0 0.083 2.86
----------------------------------------------------------------------
including 27.4 28.7 1.3 0.321 11.00
----------------------------------------------------------------------
LCM02 21.3 40.5 19.2 0.232 7.94
----------------------------------------------------------------------
including 25.0 31.7 6.7 0.593 20.30
----------------------------------------------------------------------
LCM06 19.2 40.1 20.9 0.041 1.40
----------------------------------------------------------------------
LCM08 40.2 69.2 29.0 0.127 4.40
----------------------------------------------------------------------
including 47.9 60.1 12.2 0.238 8.14
----------------------------------------------------------------------
- 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://media3.marketwire.com/r/fronteer-LongCanyonDrillResults0925
For a map highlighting recent drilling, please click:
www.fronteergroup.com/sites/files/fronteer_admin/LongCanyonDrillMap0925.pdf
The Long Canyon joint venture recently purchased a total of
11,805 acres of surface rights and 1,657 acre feet per year of
water rights in an area located east of the project site for
US$4,262,000.
Outside of the Long Canyon joint venture, Fronteer owns more
than 400,000 acres of mineral rights in northeast Nevada. Long
Canyon, Sandman and Northumberland are Fronteer's most advanced
U.S.-based gold projects and comprise the Company's future
production platform in Nevada.
For an animated video showing Long Canyon's current resource,
please click:
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
Fronteer is majority owner (51%) and operator of Long Canyon
through a joint venture with AuEx Ventures Inc. (49%).
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 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
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.
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 09-25
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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