Fronteer Reports Metallurgical Results and 2010 Work-Program for Halilaga Copper Gold Project
April 05 2010 - 7:00AM
Marketwired
Fronteer (TSX: FRG)(NYSE Amex: FRG) announces the 2010 work-program
activities and promising metallurgical results from previously
unreported work at Halilaga, a growing copper-gold porphyry deposit
in northwestern Turkey.
A $2.7 million drill program has been planned for 2010 at
Halilaga. The program will include 10,000 metres of core drilling,
with 8,500 metres of drilling planned for Halilaga's main Central
Zone, and the remainder planned for targets outside this zone.
Drilling is expected to commence in June. We also anticipate
completing a project first resource estimate by year-end. The
program operator is Teck Resources Limited's Turkish subsidiary
("TMST"), Fronteer's 60% joint venture partner. Fronteer's 40%
share of the anticipated 2010 Phase I costs is approximately $1.1
million.
The recent 5,670 metre, 18-hole drill program by TMST, which
commenced in September 2009 and finished in mid-January 2010, has
outlined copper-gold mineralization over a strike length of 1,200
metres and a width of 400 metres, with thicknesses of up 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. An important component of copper-gold mineralization at
Halilaga is the occurrence of high-grade supergene mineralization
starting at, or near, surface and which locally reaches 40 metres
in thickness. Additional assays are pending from TMST's recently
completed work program.
"Halilaga provides Fronteer with real upside exposure to a
significant copper-gold project in a district with excellent
infrastructure. Porphyry copper-gold deposits have become an
increasingly important part of global gold production because of
their size, long mine life and strong cash flow potential," says
Mark O'Dea, Fronteer President and CEO.
Metallurgical test work
Previously unreported preliminary metallurgical test work was
conducted in 2008. Composites were taken from the first 200 metres
of samples from two holes (HD-01 and HD-04). These samples were
sent to G&T Metallurgical Services Ltd., of Kamloops, B.C., for
flotation tests and follow up mineralogy by TMST. Initial tests
determined that mineralized samples from the two holes responded
consistently well to flotation and produced a high-grade
concentrate.
Copper and gold were effectively recovered using a simple,
open-circuit flotation flow-sheet. A final concentrate grade of
35-40% copper with 85-90% overall copper recovery was achievable
using three stages of cleaning. Gold grades in the final
concentrate were approximately 25 grams per tonne with overall gold
recovery in the range of 65-70%. Variability testing showed a
consistent metallurgical response with depth. No special reagents
were required to treat the samples.
These test results are preliminary and not optimized. It is
expected that further optimization of test conditions will result
in improvements in copper and gold recoveries at the same
concentrate grades. It is recommended that additional drill hole
samples from Halilaga be tested using the flow sheet developed in
this program to verify they have a similar metallurgical response
to the samples from the initial two holes.
As a growing and potentially large-scale asset, Halilaga
provides Fronteer with significant optionality as the company
continues its focus on building low-cost gold production in Nevada.
Our gold development pipeline in Nevada includes the 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. We
aim to build regional production by advancing these projects over
the near-term using existing cash resources. We anticipate further
deposit growth, which may add significant gold ounces to our ledger
and pending results from a variety of development activities to
clearly define the economic strength of our projects.
Steve Cole, P.Eng, Director of Engineering, Aurora, a subsidiary
of Fronteer, is the Qualified Professional who has reviewed and
approved the metallurgical content in this release as reflecting
the data provided by TMST. For additional information on Halilaga,
including a complete property description, please see our AIF,
dated March 29, 2010, or 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, as filed on
SEDAR.
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, size and timing of exploration
and development program, planned drill locations and, budget
amounts 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 10-13
Contacts: Fronteer Mark O'Dea President & CEO 604-632-4677
or Toll Free 1-877-632-4677 Fronteer Troy Fierro COO 604-632-4677
or Toll Free 1-877-632-4677 Fronteer John Dorward VP, Business
Development 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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