Fronteer Gold Intersects 33 Metres of 5.96 g/t Gold and Begins Decline Work at Northumberland
September 08 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
and that site preparation for the decline portal has commenced at
its wholly owned Northumberland project in Nevada.
Holes NUG05 and FNU38 are located 75 metres north and 105 metres
south-west, respectively, of previously reported FNU035 (see August
3, 2010, press release). Both new holes returned high-grade gold
and silver values. Mineralization now extends for an average strike
length of 260 metres within the currently outlined second
high-grade zone.
The 2010 drill program is focused on the western half of the
shallow portion of the deposit where previous wide-spaced drilling
and new geologic modeling indicate high-grade gold and silver
occurring over thick intervals. Collectively, these two new holes
expand an important target area and enhance the understanding of
the distribution of high-grade mineralization throughout the
deposit.
Drill highlights from the two new holes, starting at a depth of
approximately 220 metres, include:
-- 5.96 grams per tonne gold (0.174 ounces per ton) and 11.73 g/t silver
(0.342 oz/ton) over 33.53 metres, including 13.20 g/t gold (0.385
oz/ton) and 9.95 g/t silver (0.290 oz/ton) over 1.52 metres in NUG05.
-- 4.44 g/t gold (0.129 oz/ton) and 12.85 g/t silver (0.375 oz/ton) over
8.63 metres, and 5.09 g/t gold (0.148 oz/ton) and 11.25 g/t silver
(0.328 oz/ton) over 13.53 metres, in FNU38.
("NUG" references geotechnical hole. 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.
DEVELOPMENT PROGRAM
Site preparation has begun for a 280-metre long decline to
access high-grade mineralization within the deposit, with
completion targeted for Q1-2011. The decline will:
-- Provide the most cost-effective method for future exploration/definition
drilling and the best opportunity to assess controls on high-grade
mineralization.
-- Offer the ability to take bulk samples for metallurgical testing, and
pilot testing at third-party processing facilities.
-- Be constructed and sized to easily transition from exploration to
production.
"In addition to Northumberland's open-pit potential, targeting a
high-grade underground operation with off-site processing is an
option that may offer reduced capital requirements and provide
supplemental mill feed to existing facilities," says Troy Fierro,
Fronteer Gold Chief Operating Officer.
For a photo of portal site preparation and graphic illustrating
decline and underground drilling plans, please click:
http://www.fronteergold.com/sites/files/fronteer_admin/NorthumberlandDecline1031.pdf.
The ongoing 2010 development program has been expanded to
include a seven-hole diamond-drill program in the shallow
oxide/transitional area to obtain additional core for metallurgical
testing. In addition, detailed core logging, structural and
alteration analysis, and pit mapping is currently in progress to
update the geological model and controls on mineralization in the
deposit areas.
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 10-31
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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