Fronteer (TSX: FRG)(NYSE Amex: FRG) announces that additional assay
results from the Halilaga project in northwestern Turkey continue
to demonstrate significant widths of gold-copper mineralization
including near surface supergene enrichment.
Halilaga provides Fronteer with excellent exposure to an
exciting copper-gold project in an emerging mineral district with
excellent infrastructure.
Teck Resources Limited's Turkish subsidiary, ("TMST"),
Fronteer's 60% joint venture partner and project operator, provided
additional results from its recently completed winter drill
program, which focused on Halilaga's Central Zone. Mineralization
at this zone has only been defined by approximately two dozen holes
and remains open in almost all directions including at depth.
To date, copper-gold mineralization has been outlined over a
strike length of 1,200 metres and a width of 400 metres, with
thicknesses ranging up to 400 metres. An important component of
this deposit is the occurrence of a higher-grade enrichment zone
starting at, or near surface, and which locally reaches up to 40
metres in thickness.
Drill highlights from new assays include:
- 0.34 grams per tonne gold and 0.30% copper over 308.1 metres,
including 0.67 g/t gold and 0.51% copper over 11.0 metres, in
HD-45;
- 0.32 g/t gold and 0.31% copper over 285.5 metres, including
0.86 g/t gold and 0.56% copper over 13.5 metres, in HD-49; and
- 0.40 g/t gold and 0.25% copper over 141 metres, including 0.65
g/t gold and 0.46% copper over 19.4 metres, in HD-42D.
A $2.7 million drill program, funded 60%/40% by TMST and
Fronteer, is planned for 2010 with a focus on expanding the
footprint of the Central Zone. The program will include 10,000
metres of core drilling, with 8,500 metres of drilling planned for
the Central Zone, and the remainder planned for porphyry targets
outside this main zone. Drilling is expected to commence in June.
Fronteer also anticipates completing the first resource estimate
for the project by year-end.
DRILL HIGHLIGHTS
---------------------------------------------------------------------------
From To Intercept Au Cu
Hole ID (metres) (metres) (metres) (g/t) (%)
---------------------------------------------------------------------------
HD-42D 260.00 401.00 141.00 0.40 0.25
---------------------------------------------------------------------------
Including 306.60 350.00 43.40 0.55 0.36
---------------------------------------------------------------------------
Including 324.60 344.00 19.40 0.65 0.46
---------------------------------------------------------------------------
And 414.50 450.50 36.00 0.19 0.15
---------------------------------------------------------------------------
And 566.45 614.00 47.55 0.15 0.18
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HD-45 103.20 411.30 308.10 0.34 0.30
---------------------------------------------------------------------------
Including 204.60 334.50 129.90 0.45 0.35
---------------------------------------------------------------------------
Including 323.50 334.50 11.00 0.67 0.51
---------------------------------------------------------------------------
HD-46 13.00 154.00 141.00 0.23 0.27
---------------------------------------------------------------------------
Including 18.10 33.40 15.30 0.19 0.71
---------------------------------------------------------------------------
And 278.30 292.50 14.20 0.22 0.26
---------------------------------------------------------------------------
HD-49 14.60 300.10 285.50 0.32 0.31
---------------------------------------------------------------------------
Including 75.90 182.80 106.90 0.46 0.41
---------------------------------------------------------------------------
Including 110.00 123.50 13.50 0.86 0.56
---------------------------------------------------------------------------
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. Hole HD-42D was a re-drill of HD-42 which terminated
prematurely at 393.5m due to poor ground conditions.
For a PDF of comprehensive drill results at Halilaga's Central
Zone, please click:
http://www.fronteergroup.com/sites/files/fronteer_admin/HalilagaDrillResults1014.pdf
For a map highlighting recent drilling at the Central Zone,
please click:
http://www.fronteergroup.com/sites/files/fronteer_admin/HalilagaMap1014.pdf
Metallurgical work at Halilaga has also returned excellent
initial results (see April 5, 2010 press release).
Halilaga is an excellent example of internal growth
opportunities outside of our Nevada platform. Nevada, one of the
world's best gold mining jurisdictions, is at the very heart of
Fronteer's operations. Our gold development pipeline in Nevada
includes our Long Canyon, Sandman and Northumberland projects. All
three gold deposits have high-grade gold starting at- or
near-surface, are open-pit mineable and have high-quality
production attributes. We aim to build regional production by
advancing these key gold projects sequentially over the near-term
using existing cash resources.
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 10-14
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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