Fronteer Gold Inc.: Drilling Hits 2.35 Ounces/Ton Gold and 33.18 Ounces/Ton Silver Over 9.6 Feet at Sandman, Nevada
June 21 2010 - 7:00AM
Marketwired
Fronteer Gold (TSX: FRG)(NYSE Amex: FRG) reports additional
intersections of near-surface, high-grade oxide gold at Sandman,
demonstrating the Nevada deposit's strong open-pit development
potential.
Newmont USA Limited, as project operator, recently completed a
19-hole drill program at Silica Ridge, one of four gold deposits
that comprise our Sandman project. All of the holes reported below
intersected gold and silver mineralization within 10 metres of
surface. Highlighted intercepts from these holes include:
-- 80.58 grams per tonne gold (2.35 ounces per ton) and 1,137.55 g/t silver
(33.18 oz/ton) over 2.93 metres in hole NSM-164,
-- 66.98 g/t gold (1.95 oz/ton) and 49.82 g/t silver (1.45 oz/ton) over
1.10 metres in NSM-161;
-- 8.12 g/t gold (0.24 oz/ton) and 17.52 g/t silver (0.51 oz/ton) over 1.55
metres in NSM-45;
High-grade gold and silver is a consistent component of
mineralization at Sandman, reinforcing the high-quality nature of
this epithermal system. For a comprehensive table of new and
previously reported drill results, please click:
http://www.fronteergold.com/sites/files/fronteer_admin/SandmanDrillResults1020.pdf
Newmont continues to meet earn-in obligations and can elect to
make a positive production decision by June 2011 to earn a 51%
interest in Sandman, which is located within trucking distance to
Newmont's Twin Creeks facilities.
Sandman, Northumberland and Long Canyon comprise Fronteer Gold's
future production platform based in Nevada. All three gold deposits
have high-grade gold starting at or near surface, and have
encouraging production attributes.
Drill samples and analytical data for the Sandman project are
being collected under the supervision of Newmont, using industry
standard QA-QC protocols. Fronteer Gold's James Ashton P.E., who is
the QP responsible for compiling the data contained in this
release, has not verified all the data; however, the grades and
widths reported here are consistent with Fronteer Gold's past
results on the project. Correspondence with the operator and review
of portions of the data, has given him no reason to doubt the
results authenticity. The true width of the mineralized zones is
estimated by Fronteer Gold to be approximately 90% of those stated.
Primary composite intervals stated in this release were calculated
using a cut-off of 0.3 g/t Au, 0.5 g/t Au and 2.0 g/t Au for the
higher grade internal intervals. No gold values below the 0.30 g/t
Au cut-off were included as internal dilution. The lower 0.3 g/t
cut off is used to conform with the 43-101 compliant resources
previously calculated on the Sandman Project. For further details
on Sandman, please view the technical report prepared by Mine
Development Associates ("MDA"), as of May 31, 2007, on SEDAR at
http://www.sedar.com.
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. For further
information on Fronteer Gold visit www.fronteergold.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. 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 10-20
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 Director, Communications 604-632-4677 or Toll Free
1-877-632-4677 info@fronteergold.com www.fronteergold.com
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