Fronteer Gold Inc.: Drilling Along Northern Extension of Deposit Intersects 64 Metres of 5.27 g/t Gold at Long Canyon, Nevada
July 20 2010 - 10:00AM
Marketwired
Fronteer Gold (TSX: FRG)(NYSE Amex: FRG) announces that drilling to
the northeast of the current resource area at Long Canyon continues
to return broad intervals of high-grade oxide gold. The Nevada gold
deposit is now 2.7-km long and remains open for expansion.
Highlights of wide intervals from new drilling include:
-- 5.27 grams per tonne gold (0.154 ounces per ton) over 64.0 metres,
including 16.19 g/t (0.473 oz/ton) over 5.5 metres in LC444C;
-- 8.87 g/t (0.259 oz/ton) over 19.8 metres, including 18.17 g/t
(0.531oz/ton) over 4.9 metres in LC462C;
-- 5.99 g/t (0.175 oz/ton) over 27.0 metres, including 10.86 g/t (0.317
oz/ton) over 5.9 metres in LC459C;
-- 2.49 g/t (0.073 oz/ton) over 35.1 metres, including 6.97 g/t (0.204
oz/ton) over 7.6 metres in LC480;
-- 5.98 g/t (0.175 oz/ton) over 25.3 metres, including 21.20 g/t (0.619
oz/ton) over 1.7 metres in LC443C.
Long Canyon's work-program is focused on resource definition and
resource expansion, primarily in the northern half of the deposit.
Five drill rigs are currently operating on the property and more
than 30,000 metres of the year's planned 45,000 metres have been
drilled to date, with the majority of holes pending release.
Fronteer Gold also plans to complete in 2010 the required
metallurgical, engineering, and environmental work necessary to
move Long Canyon to pre-feasibility stage.
For a map highlighting recent drilling, please click:
http://www.fronteergold.com/sites/files/fronteer_admin/LongCanyonDrillMap1023.pdf
DRILL HIGHLIGHTS
----------------------------------------------------------------------
Intercept
Hole ID From To Length Au Au
----------------------------------------------------------------------
(metres) (metres) (metres) (g/t) (oz/t)
----------------------------------------------------------------------
LC443C 119.2 144.5 25.3 5.98 0.175
----------------------------------------------------------------------
incl 137.6 139.3 1.7 21.20 0.619
----------------------------------------------------------------------
LC444C 188.1 252.1 64.0 5.27 0.154
----------------------------------------------------------------------
incl 236.5 242.0 5.5 16.19 0.473
----------------------------------------------------------------------
LC459C 99.4 126.3 27.0 5.99 0.175
----------------------------------------------------------------------
including 107.1 113.1 5.9 10.86 0.317
----------------------------------------------------------------------
LC462C 139.3 159.1 19.8 8.87 0.259
----------------------------------------------------------------------
including 152.7 157.6 4.9 18.17 0.531
----------------------------------------------------------------------
LC466C 133.2 150.0 16.8 1.84 0.054
----------------------------------------------------------------------
LC476C 136.2 157.0 20.7 5.21 0.152
----------------------------------------------------------------------
including 145.4 153.6 8.2 10.01 0.292
----------------------------------------------------------------------
LC477C 171.6 184.1 12.5 8.46 0.247
----------------------------------------------------------------------
LC478C 128.6 150.9 22.3 5.14 0.150
----------------------------------------------------------------------
including 133.2 134.7 1.5 22.00 0.642
----------------------------------------------------------------------
LC480 137.2 172.2 35.1 2.49 0.073
----------------------------------------------------------------------
including 155.4 163.1 7.6 6.97 0.204
----------------------------------------------------------------------
and 266.7 310.9 44.2 1.20 0.035
----------------------------------------------------------------------
LC488C 157.6 160.6 3.0 1.01 0.029
----------------------------------------------------------------------
LC492 103.6 105.2 1.5 1.54 0.045
----------------------------------------------------------------------
LC495C 107.6 112.2 4.6 4.15 0.121
----------------------------------------------------------------------
and 116.1 121.5 5.3 7.11 0.208
----------------------------------------------------------------------
LC500C 113.1 127.4 14.3 5.14 0.150
----------------------------------------------------------------------
LC505C 106.2 112.0 5.8 1.79 0.052
----------------------------------------------------------------------
LC516 265.2 306.3 41.1 2.78 0.081
----------------------------------------------------------------------
including 286.5 292.6 6.1 10.61 0.310
----------------------------------------------------------------------
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/LongCanyonDrillResults1023.pdf
DEVELOPMENT UPDATE
Four, 15-ton surface bulk samples and one three-ton
large-diametre core sample were collected for large-column
metallurgical testing. Run-of-mine, heap-leach conditions will be
simulated. Work is also expected to begin this month on the
installation of seven additional ground water monitoring wells.
Engineering, mine design studies and permitting work continue.
Fronteer Gold is majority owner (51%) and operator of Long
Canyon in joint venture with AuEx Ventures (49%).
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. 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 10-23
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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