Fronteer (TSX: FRG)(NYSE Amex: FRG) announces today that drilling
has further defined the footprint of copper-gold mineralization at
the Halilaga porphyry deposit in northwestern Turkey.
Teck Resources Limited's Turkish subsidiary, ("TMST"),
Fronteer's 60% joint venture partner and project operator, has
provided results from its recently completed drill program, which
focused on Halilaga's Central Zone (also known as the Kestane
Zone).
Drill highlights include:
- 0.72 grams per tonne gold and 0.67% copper over 180 metres,
including 1.11 grams per tonne gold and 1.25% copper over 43.4
metres, in HD-37;
- 0.40 g/t gold and 0.70% copper over 103.0 metres, including
0.62 g/t gold and 1.92% copper over 22.3 metres, in HD-38;
- 0.25 g/t gold and 0.27% copper over 401.9 metres, in
HD-40;
- 0.59 g/t gold and 0.50% copper over 159.5 metres, including
0.86 g/t gold and 0.83% copper over 35.0 metres, in HD-41;
- 0.28 g/t gold and 0.31% copper over 253.3 metres, including
0.43 g/t gold and 1.29% copper over 19.8 metres, in HD-50.
Four of the five intercepts start within 10 metres of surface
and reinforce the occurrence of shallow, high-grade supergene
mineralization that locally reaches 40 metres in thickness.
Previous drilling at Halilaga consisted of 12 widely spaced
drill holes that intersected broad zones of porphyry style
copper-gold mineralization. The new exploration drilling completed
by TMST in early 2010 focused on expanding the size of the zone and
has demonstrated that Halilaga has many of the hallmarks of a
significant copper-gold system in terms of its size and grade
potential.
The recent 5,670 metre, 18-hole drill program by TMST, which
commenced in September 2009 and finished in mid-January 2010, has
now outlined copper-gold mineralization over a strike length of
1,200 metres and a width of 400 metres, with thicknesses ranging
from 100 to 400 metres. The Central Zone is exposed at surface and
remains open to the north and south, to the east under younger
volcanic cover, and to depth.
The joint venture is planning to resume drilling at Halilaga in
April-May 2010.
DRILL HIGHLIGHTS
---------------------------------------------------------------------
From To Intercept Au Cu
Hole ID (metres) (metres) (metres) (g/t) (%)
---------------------------------------------------------------------
HD-37 3.00 183.00 180.00 0.72 0.67
---------------------------------------------------------------------
Including 4.20 47.60 43.40 1.11 1.25
---------------------------------------------------------------------
HD-38 8.00 111.00 103.00 0.40 0.70
---------------------------------------------------------------------
Including 14.00 36.30 22.30 0.62 1.92
---------------------------------------------------------------------
and 335.00 482.10 147.10 0.18 0.20
---------------------------------------------------------------------
HD-39 41.40 137.00 95.60 0.31 0.25
---------------------------------------------------------------------
Including 47.00 70.00 23.00 0.45 0.34
---------------------------------------------------------------------
HD-40 23.10 425.00 401.90 0.25 0.27
---------------------------------------------------------------------
Including 23.10 110.00 86.90 0.31 0.28
---------------------------------------------------------------------
HD-41 7.00 166.50 159.50 0.59 0.50
---------------------------------------------------------------------
Including 7.00 42.00 35.00 0.86 0.83
---------------------------------------------------------------------
HD-42 250.30 393.50 143.20 0.41 0.27
---------------------------------------------------------------------
Including 256.00 262.00 6.00 1.15 0.73
---------------------------------------------------------------------
HD-44 48.80 176.00 127.20 0.36 0.28
---------------------------------------------------------------------
Including 68.00 105.80 37.80 0.45 0.34
---------------------------------------------------------------------
HD-50 0.00 253.30 253.30 0.28 0.31
---------------------------------------------------------------------
Including 9.20 29.00 19.80 0.43 1.29
---------------------------------------------------------------------
All true widths are 80-90% of reported widths unless otherwise
stated. All intervals of no sampling have been assigned zero grade
for the purposes of compositing.
For a PDF of comprehensive drill results at Halilaga's Central
Zone, please click:
http://www.fronteergroup.com/sites/files/fronteer_admin/HalilagaDrillResults1008.pdf
For a map highlighting recent drilling at the Central Zone,
please click:
http://www.fronteergroup.com/sites/files/fronteer_admin/HalilagaMap1008.pdf
Additional assays are pending from TMST's recently completed
work program. TMST is currently finalizing this year's budget and
work-program. As TMST has elected to maintain a 60% interest in
Halilaga, the 2010 work-program will be funded 60%/40% by TMST and
Fronteer.
Halilaga provides Fronteer exposure to a world-class project
advanced by a senior producer. Fronteer remains focused on building
low-cost gold production from projects that it controls and
operates. Fronteer's gold development pipeline in Nevada includes
its Long Canyon, Northumberland and Sandman projects. 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.
Drill samples and analytical data for Halilaga are collected
under the supervision of TMST, Fronteer's joint venture partner and
project operator, using industry standard QA-QC protocols. Ian
Cunningham-Dunlop P. Eng, Vice President Exploration for Fronteer,
who is the QP responsible for compiling the data contained in this
release, has not verified the data; however, the grades and widths
reported here agree well with the Company's past results on the
project and correspondence with TMST has given him no reason to
doubt their authenticity. For further details on Halilaga, please
view the NI 43-101 technical report entitled "NI 43-101 Technical
Report on the Halilaga Exploration Property, Canakkale, Western
Turkey", dated March 30, 2009, prepared by Peter Grieve, of Geology
and Resource Solutions Limited, on SEDAR at
http://www.sedar.com.
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. 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 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 10-08
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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