Fronteer Gold Inc.: Second High-Grade Zone at Northumberland Returns 7.10 g/t Gold Over 37.4 Metres
03 August 2010 - 9:00PM
Marketwired
Fronteer Gold (TSX: FRG)(NYSE Amex: FRG) announces today that
drilling has returned some of the highest grade gold intervals ever
intersected at its 100% owned Northumberland project in Nevada.
Drill hole FNU035, the first hole of the 2010 program, returned
two separate high grade intervals as follows, starting at a depth
of approximately 225 metres:
-- Upper zone: 7.10 grams per tonne gold (0.207 ounces per ton) and 24.67
g/t silver (0.719 oz/ton) over 37.49 metres, including 14.31 g/t gold
(0.417 oz/ton) over 2.87 metres.
-- Lower zone: 10.62 g/t gold (0.310 oz/ton) and 12.23 g/t silver (0.357
oz/ton) over 13.11 metres, including 13.91 g/t gold (0.406 oz/ton) over
5.49 metres.
(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 g/t cutoff may be included as part of the
mineralized zone.)
Hole FNU035 is located 25 metres southwest of an historic
high-grade hole (NN-5), and helps underpin the shape of a second
growing high-grade domain at Northumberland.
"Fronteer Gold is very encouraged by these results as it builds
our confidence in the geometry of high-grade domains in parts of
the deposit that have had relatively limited drilling," says
Fronteer Gold President and CEO Mark O'Dea.
Northumberland's current $750,000 drill program, which commenced
in June, consists of a minimum of nine core holes totaling 2,500
metres focused on testing multiple high-grade targets. Assays from
additional holes are pending.
Northumberland is a Carlin-style deposit that has significant
potential for high-grade mineralization. In particular, the western
half of the deposit, despite several high-grade intersections, has
not seen significant exploration drilling.
DEVELOPMENT
Fronteer Gold is preparing a Request For Proposal to be
distributed to select mining contractors for the construction of a
280-metre long decline to access high-grade mineralization within
the deposit. Construction is scheduled to begin in Q3-2010 with
completion targeted for Q1-2011. The decline will provide the most
cost-effective platform 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. Reverse
circulation cuttings were sampled on 5.0 feet (1.52 metre)
intervals. 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 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 10-24
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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