Fronteer Intersects 12.30 g/t Gold Over 50.4 Metres at Long Canyon Gold Project, Nevada
15 Novembre 2010 - 1:00PM
Marketwired
Fronteer Gold (TSX: FRG)(NYSE Amex: FRG) reports that ongoing
drilling has returned the best intercept to date at its wholly
owned Long Canyon gold deposit in Nevada. Mineralization at Long
Canyon continues to be 100% oxidized and remains open in all
directions.
New results, largely concentrated to the northeast of the
current resource area, include:
-- 12.30 grams per tonne gold (0.359 ounces per ton) over 50.4 metres,
including 20.91 g/t gold (0.611 oz/ton) over 23.5 metres in LC577C;
-- 6.31 g/t gold (0.184 oz/ton) over 49.2 metres, including 17.21 g/t gold
(0.503 oz/ton) over 5.6 metres in LC568C;
-- 7.31 g/t gold (0.214 oz/ton) over 32.9 metres, including 22.84 g/t gold
(0.667 oz/ton) over 3.8 metres in LC591C;
-- 7.21 g/t gold (0.211 oz/ton) over 28.5 metres in LC588C;
-- 4.40 g/t gold (0.128 oz/ton) over 26.2 metres, including 10.08 g/t gold
(0.294 oz/ton) over 3.2 metres in LC574;
-- 4.86 g/t gold (0.142 oz/ton) over 23.5 metres, including 14.01 g/t gold
(0.409 oz/ton) over 3.5 metres in LC565C.
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. 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/LongCanyonDrillResults1039.pdf
For a map highlighting recent drilling, please click:
http://www.fronteergold.com/sites/files/fronteer_admin/LongCanyonDrillMap1039.pdf
THE NEAR-TERM PROGRAM
Fronteer Gold is well-funded to advance Long Canyon on a 100%
basis as we move the project toward production. Six drill rigs are
operating on the property as part of an ongoing 70,000-metre
program. Drilling is now scheduled to extend through winter, with
an additional 10,000 metres of drilling planned for December though
to March 2011. A $20-$25 million development/exploration program is
estimated for 2011, including near-term goals of:
-- completing an updated resource and 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 financial
strength and solid operational team give us the ability to advance
our key gold projects 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. Additionally,
we have 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 10-39
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 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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