Fronteer Gold Inc.: Drilling Returns 16.4 g/t Gold Over 21.2 Metres at Long Canyon, Nevada
June 09 2010 - 7:00AM
Marketwired
Fronteer Gold (TSX: FRG)(NYSE Amex: FRG) announces that drilling
has extended gold mineralization 100 metres to the northeast and
intersected a new mineralized zone at Long Canyon, one of the
company's key development projects in Nevada. The results are the
first from the current $19.8 million development and exploration
program at Long Canyon, where five drill rigs are currently turning
on the property.
New drilling in the vicinity of last year's most northerly
step-out holes has returned the following broad intervals of
high-grade oxide gold:
-- 16.4 grams per tonne gold (0.479 ounces per ton) over 21.2 metres,
including 39.2 g/t (1.146 oz/ton) over 5.8 metres in LC435C.
-- 6.47 g/t (0.189 oz/ton) over 22.3 metres, including 15.39 g/t (0.449
oz/ton) over 4.9 metres in LC450C.
-- 3.79 g/t (0.111 oz/ton) over 46.6 metres in LC453C.
Of note, LC453C extends mineralization 100 metres to the
northeast, attesting to the strength and persistence of this gold
system.
Drilling has also identified a new, parallel gold zone in the
northeastern part of the deposit, which returned:
-- 2.67 g/t (0.078 oz/ton) over 53.4 metres in LC446.
-- 6.39 g/t (0.187 oz/ton) over 47.3 metres, including 24.84 g/t (0.725
oz/ton) over 7.6 metres in LC451.
For a map highlighting recent drilling, please click:
http://www.fronteergold.com/sites/files/fronteer_admin/LongCanyonDrillMap1019.pdf.
Drill highlights
----------------------------------------------------------------------------
Intercept
From To length Au Au
Hole ID (metres) (metres) (metres) (g/t) (oz/ton)
----------------------------------------------------------------------------
LC419C 197.6 203 5.5 7.3 0.212
----------------------------------------------------------------------------
LC420 149.4 152.4 3 2.4 0.069
----------------------------------------------------------------------------
LC426 216.5 221.0 4.6 1.1 0.031
----------------------------------------------------------------------------
LC429 108.2 131.1 22.9 1.6 0.047
----------------------------------------------------------------------------
LC432C 101.2 116.5 15.2 2.3 0.067
----------------------------------------------------------------------------
including 107.9 111.9 4.0 5.6 0.163
----------------------------------------------------------------------------
LC434 129.6 154.0 24.4 1.8 0.054
----------------------------------------------------------------------------
LC435C 194.5 205.8 11.3 2.2 0.064
----------------------------------------------------------------------------
215.9 237.0 21.2 16.4 0.479
----------------------------------------------------------------------------
including 228.0 233.8 5.8 39.2 1.146
----------------------------------------------------------------------------
LC436 254.6 265.2 10.7 2.1 0.061
----------------------------------------------------------------------------
LC440 248.5 259.1 10.7 4.8 0.141
----------------------------------------------------------------------------
including 250.0 253.0 3.0 12.8 0.374
----------------------------------------------------------------------------
LC445C 128.4 132.9 4.6 1.3 0.037
----------------------------------------------------------------------------
135.4 138.6 3.2 1.0 0.029
----------------------------------------------------------------------------
141.2 161.9 20.7 4.5 0.13
----------------------------------------------------------------------------
including 157.3 160.4 3.0 11.9 0.347
----------------------------------------------------------------------------
250.3 261.0 10.7 1.3 0.037
----------------------------------------------------------------------------
LC446 120.4 173.8 53.4 2.7 0.078
----------------------------------------------------------------------------
including 144.8 154.0 9.1 5.9 0.173
----------------------------------------------------------------------------
LC450C 111.0 133.2 22.3 6.5 0.189
----------------------------------------------------------------------------
including 111.7 116.6 4.9 15.4 0.449
----------------------------------------------------------------------------
LC451 213.4 260.7 47.3 6.4 0.187
----------------------------------------------------------------------------
including 221.0 230.2 9.1 7.3 0.213
----------------------------------------------------------------------------
243.9 251.5 7.6 24.8 0.725
----------------------------------------------------------------------------
LC453C 215.9 262.5 46.6 3.8 0.111
----------------------------------------------------------------------------
Primary drill composites were calculated using a cut-off of 0.30
g/t, with variably higher cut-offs for the sub-intervals. Drill
intersections are reported as drilled thicknesses. True widths of
the mineralized intervals are interpreted to be between 30-100% of
the reported lengths. Less than 1 g/t are not reported in this
press-release table. "C" indicates a core hole. For a PDF of
comprehensive drill results, including non-reportable intercepts,
please click:
http://www.fronteergold.com/sites/files/fronteer_admin/LongCanyonDrillResults1019.pdf.
Fronteer Gold is majority 51% owner and operator of Long Canyon
and is responsible for its share of the project funding. The
development and exploration program will comprise at least 45,000
metres of drilling, with an emphasis on resource definition and
resource expansion, primarily in the northern half of the deposit.
Fronteer Gold also plans to complete in 2010 the required
metallurgical, engineering, and environmental work necessary to
move Long Canyon to pre-feasibility stage.
Fronteer Gold recently reported an updated resource estimate for
Long Canyon, based on 2009 drilling (See May 19, 2010 press
release). Using a 0.30 g/t gold cutoff, the new resource estimate
shows an 81% increase in M&I ounces and a 17% increase in
Inferred ounces compared to the 2009 resource. The substantial
increase in M&I ounces is attributable to the 2009
work-program's focus on infill core drilling as Fronteer seeks to
transition Long Canyon from exploration to development stage.
Moira Smith, P. Geo., Nevada Chief Geologist for Fronteer Gold,
is the company's designated Qualified Person for this news release
and has reviewed and validated that the information contained in
the release accurate.
ABOUT FRONTEER GOLD
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. Fronteer Gold
aims to build regional production by advancing these projects
sequentially over the near-term using existing cash resources -
funding the company's growth with low-risk of dilution.
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 Gold 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 Gold's Annual
Information form and Fronteer Gold's latest Form 40-F on file with
the United States Securities and Exchange Commission in Washington,
D.C. Although Fronteer Gold 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 Gold 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 10-19
Contacts: Fronteer Gold Inc. Mark O'Dea President & CEO
604-632-4677 or Toll Free 1-877-632-4677 Fronteer Gold Inc. Troy
Fierro COO 604-632-4677 or Toll Free 1-877-632-4677 Fronteer Gold
Inc. Sean Tetzlaff CFO 604-632-4677 or Toll Free 1-877-632-4677
Fronteer Gold Inc. John Dorward VP, Business Development
604-632-4677 or Toll Free 1-877-632-4677 Fronteer Gold Inc. Glen
Edwards Communications 604-632-4677 or Toll Free 1-877-632-4677
info@fronteergold.com www.fronteergold.com
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