Fronteer: Drilling Further Defines High-Grade Gold at Northumberland Deposit, Nevada
February 18 2010 - 7:00AM
Marketwired
Fronteer (TSX: FRG)(NYSE Amex: FRG) announces today that a recent
drill program, testing a new target concept, has further defined
and extended high-grade gold mineralization at the company's 100%
owned Northumberland deposit in Nevada.
The results clearly demonstrate the presence of high-grade gold
domains at Northumberland. These zones are important in
understanding the deposit's grade continuity and amenability to
either open-pit or underground mining methods. Future drilling
applying this proven target concept could result in the expansion
of additional high-grade zones.
Drilling at the first target has highlighted a large higher
grade gold zone that is approximately 200 metres long by up to 200
metres in width, and starting within 150 metres of surface.
Mineralization can be up to 30 metres in thickness and remains open
to the northwest. Drilling reinforces initial results reported Dec.
9, 2009.
Drill highlights, from multiple holes at this newly defined
high-grade gold zone include:
---------------------------------------------------------------------------
From To Interval Au Au Ag
Hole ID (metres) (metres) (metres) (g/t) (oz/ton) (g/t)
---------------------------------------------------------------------------
FNU034 148.13 156.06 7.92 8.92 0.260 9.13
and 158.04 159.87 1.83 5.88 0.172 6.44
and 163.98 169.68 5.70 5.33 0.155 7.08
---------------------------------------------------------------------------
NUG01 122.23 126.80 4.57 4.53 0.132 2.98
and 131.67 136.40 4.72 8.16 0.238 23.13
including 133.35 135.33 1.98 11.80 0.344 15.35
and 138.47 144.48 6.00 8.88 0.259 5.63
including 138.47 140.82 2.35 13.89 0.405 11.55
---------------------------------------------------------------------------
NUG02 182.42 183.64 1.22 4.88 0.142 3.14
and 186.84 189.59 2.74 4.88 0.142 19.16
and 191.11 198.43 7.32 4.93 0.144 21.20
---------------------------------------------------------------------------
NUG04 141.12 144.57 3.44 8.71 0.254 47.59
including 142.65 144.02 1.37 12.72 0.371 19.17
and 151.79 157.89 6.10 5.37 0.157 7.05
including 157.43 157.89 0.46 12.60 0.368 8.85
---------------------------------------------------------------------------
FNU025 100.58 108.20 7.62 6.44 0.188 9.58
including 105.16 106.68 1.52 11.40 0.333 11.00
and 114.30 120.40 6.10 8.90 0.260 47.53
including 115.82 117.35 1.52 10.50 0.306 31.70
---------------------------------------------------------------------------
FNU027 147.83 161.54 13.72 5.46 0.159 2.98
---------------------------------------------------------------------------
Composite intervals in this table are created at 3.0 gram/tonne gold cut
offs.
Several values below the 3.0 gram/tonne cutoff are included as part of the
mineralized zone.
Fronteer also tested a second high-grade target area located 200
metres to the southwest. Hole NUG03 intersected approximately 24
metres of near-continuous mineralization comprising three stacked
intervals as follows:
- 6.61 g/t (0.193 oz/ton) over 2.44 metres
- 5.19 g/t (0.151 oz/ton) over 5.64 metres
- 5.46 g/t (0.159 oz/ton) over 11.13 metres, including 10.70 g/t
(0.312 oz/ton) over 1.52 metres.
Northumberland is an archetypal Carlin-style deposit that has
long been recognized as having the potential for a significant
component of high-grade mineralization. However, aside from the
rich silver veins mined from this deposit in the late 1800s, the
majority of exploration to date has focused on the near-surface
oxide and mixed oxide/sulfide mineralization. As such, large areas
like the ones tested with this drill program are still
underrepresented in the deposit.
These drill targets are thought to be two of multiple high-grade
zones that characterize the western half of the deposit area.
These drill results are part of an ongoing comprehensive program
that will allow Fronteer to select the most viable, near-term
development approach for the project. Four of the holes drilled in
the 2009 program, NUG01 to NUG04, were also part of a geotechnical
program to help determine rock strength parameters for underground
mine design.
Northumberland, Sandman and Long Canyon comprise Fronteer's
future production platform based in Nevada. All three gold deposits
have high-grade gold starting at- or near-surface, are potentially
open-pit mineable and have encouraging production attributes.
Fronteer aims to build regional production by advancing these
projects sequentially over the near-term, and funding the company's
growth with low-risk of dilution. In the near-term, Fronteer
anticipates ongoing deposit growth to add significant gold ounces
to its ledger and pending results from a variety of development
activities to clearly define the economic strength of the company's
projects.
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. Reverse
circulation cuttings were sampled on 5.0 feet (1.52 metre)
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 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
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.
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 and Canadian securities
laws. Such forward-looking statements, including but not limited
to, those with respect to potential expansion of mineralization,
potential size of mineralized zone, and size and timing of
exploration and development programs, estimated project capital and
other project costs and the timing of submission and receipt and
availability of regulatory approvals 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 mineral resources, changes in
project parameters as plans continue to be refined, future prices
of uranium, environmental risks and hazards, increased
infrastructure and/or operating costs, labour 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,
other than as required pursuant to applicable securities laws.
Accordingly, readers should not place undue reliance on
forward-looking statements.
NEWS RELEASE 10-07
Contacts: Fronteer Mark O'Dea, Ph.D., P.Geo. President and CEO
604-632-4677 or Toll Free: 1-877-632-4677 Fronteer Richard Moritz
Director, Investor Relations 604-632-4677 or Toll Free:
1-877-632-4677 Fronteer Glen Edwards Director, Communications
604-632-4677 or Toll Free: 1-877-632-4677 info@fronteergroup.com
www.fronteergroup.com
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