Fronteer Gold: Drilling Delivers More High-Grade to Long Canyon Deposit, Including 13.7 g/t Gold Over 21.3 Metres
30 Novembro 2010 - 10:00AM
Marketwired
Fronteer Gold (TSX: FRG)(NYSE Amex: FRG) reports that ongoing
drilling continues to return wide intervals of high-grade oxide
gold at its wholly owned Long Canyon deposit, located in
northeastern Nevada.
New results, largely focused to the northeast of the current
resource area, include:
-- 13.77 grams per tonne gold over 21.3 metres, including 23.72 g/t over
10.4 metres in LC633C;
-- 5.77 g/t over 34.7 metres, including 34.3 g/t over 2.4 meters; and 5.23
g/t over 13.3 metres in LC631C;
-- 4.18 g/t over 59.1 metres in LC598C;
-- 5.81 g/t over 30.2 metres in LC600C;
-- 4.54 g/t over 28.3 metres in LC646C;
-- 3.29 g/t over 43.4 metres in LC629C.
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 generally range between 50-100% of the
reported lengths. Intervals 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 from 2010, including new and
non-reportable intercepts, please click:
http://www.fronteergold.com/sites/files/fronteer_admin/LongCanyonDrillResults1040.pdf.
Drilling in the southern part of the deposit has also returned
wide intervals of oxide gold mineralization, including 1.06 g/t
gold over 21.3 metres (LC619), highlighting additional areas of
deposit growth.
The Long Canyon gold deposit is open in all directions and
remains oxidized. Aggressive step-out drilling to the northeast is
now underway. Six drill rigs are operating on the property and
approximately 70,000 metres have been drilled to date in 2010.
Drilling will extend through winter, with an additional 10,000
metres planned for December through to March 2011.
For a map highlighting recent drilling, please click:
http://www.fronteergold.com/sites/files/fronteer_admin/LongCanyonDrillMap1040.pdf.
2011 GOALS
Fronteer Gold is well-funded to advance Long Canyon on a 100%
basis as we move the project through development. Long Canyon's
comprehensive work program is focused on resource definition and
expansion, as well as the metallurgical, engineering, and
environmental work necessary to move the project to feasibility
stage. Significant water and private-surface rights for mine
development have already been secured. A planned $25 million work
program for 2011 includes the near-term goals of:
-- completing an updated resource and updated Preliminary Economic
Assessment in early 2011;
-- undertaking 75,000 metres of exploration and development drilling;
-- initiating permitting;
-- completing an additional resource update near year-end 2011; and,
-- commencing feasibility stage.
ABOUT FRONTEER GOLD
We intend to become a significant gold producer. Our future
potential production platform includes our Long Canyon, Sandman and
Northumberland projects - all located in Nevada. We also have a 40%
interest in Halilaga, an emerging copper-gold porphyry deposit in
northwestern Turkey, and 100% ownership of Aurora Energy Resources
Inc, developer of one of the world's largest uranium deposits,
based in Labrador, Canada. 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, 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, 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 10-40
Contacts: Fronteer Gold Inc. Mark O'Dea President & CEO
604-632-4677 or Toll Free 1-877-632-4677 Fronteer Gold Inc. Patrick
Reid Senior Director, Institutional Marketing 604-632-4677 or Toll
Free 1-877-632-4677 info@fronteergold.com www.fronteergold.com
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