Fronteer Gold Continues to Intersect High-Grade Gold at Northumberland With 19.8 Metres of 7.07 g/t Gold
August 09 2010 - 7:00AM
Marketwired
Fronteer Gold (TSX: FRG)(NYSE Amex: FRG) announces today that core
drilling continues to define a second high-grade gold-silver zone
at its 100% owned Northumberland project in Nevada.
The 2010 drill program is focused on the western half of the
deposit where previous wide-spaced drilling and new geologic
modeling indicate the presence of multiple areas where high-grade
gold and silver occur over thick intervals. Two new holes have
returned high-grade gold and silver over intervals comparable to
those recently reported in hole FNU35 (See Aug. 3, 2010 press
release). Together, these three holes expand an important target
area and enhance our understanding of the distribution of
high-grade mineralization throughout the deposit.
Drill highlights from the two new holes, starting at a depth of
approximately 240 metres, include:
-- 7.07 grams per tonne gold (0.206 ounces per ton) and 29.47 g/t silver
(0.859 oz/ton) over 19.81 metres, including 10.61 g/t gold (0.309
oz/ton) and 23.47 g/t silver (0.684 oz/ton) over 3.81 metres, in FNU36.
-- 6.70 g/t gold (0.195 oz/ton) and 38.86 g/t silver (1.133 oz/ton) over
20.42 metres, including 13.40 g/t gold (0.391 oz/ton) and 70.80 g/t
silver (2.065 oz/ton) over 1.52 metres, in FNU37.
(Composites for broad intervals are created at 3.0 g/t gold cut
off, with "including" intervals created at 10 g/t cutoff. Several
values below the 3.0 gram/tonne cutoff may be included as part of
the mineralized zone.)
Assays from additional holes testing this high-grade target area
are pending.
For a map, please click:
http://www.fronteergold.com/sites/files/fronteer_admin/NorthumberlandMap1025.pdf.
Construction of a 280-metre long decline to access high-grade
mineralization within the deposit is scheduled to begin in Q3-2010
with completion targeted for Q1-2011. The decline will provide the
most cost-effective method for evaluating controls on high-grade
mineralization, as well as conducting underground
exploration/definition drilling and bulk sampling.
James Ashton P.E. is designated as a Qualified Person for the
Northumberland drill results, with the ability and authority to
verify the authenticity of, and validity of these data. Drill
composites were calculated using a cut-off of 3.0 g/t. Drill
intersections are reported as drilled thicknesses. Drill samples
were assayed by ALS Chemex (ISO9001:2000) in Reno, Nevada for gold
by Fire Assay of a 30 gram (1 assay ton) charge with an AA finish,
or if over 10.0 g/t were re-assayed and completed with a
gravimetric finish. For these samples, the gravimetric data were
utilized in calculating gold intersections. QA/QC included the
insertion of numerous standards and blanks into the sample stream,
and the insertion of duplicate samples at random intervals within
each batch. Selected holes are also analyzed for a 51-element
geochemical suite by ICP-MS/-AES.
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. 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 timing 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 10-25
Contacts: Fronteer Gold Inc. Mark O'Dea President & CEO
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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