FGC Frontline Gold Corporation

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

Frontline Gold Corporation (TSX VENTURE:FGC) ("Frontline" or the "Company") is
pleased to announce the completion of the Phase 1, 2012 follow-up surveys on the
Poly Property (Figure 1), which straddles the Stewart Hwy 37A, about 34 km
northeast of Stewart, BC.


The Cottonwood (CWG), Northwest Gold (NWG) and Swimming Pool (SPG) Grids were
expanded and additional Mobile Metal Ion (MMI) soil sampling carried out to
follow up positive 2011 geological/geochemical results. The CWG hosts the
strongest Au/Cu MMI anomaly on the Poly Property; the NWG, the strongest Au MMI
anomaly; and, the SPG, an apparent Red Mountain deposit type (gold
mineralization closely associated with an intrusion; Figure 2). Three drill
holes were also spotted in preparation for a 2013 test of other 2011 MMI/Soil
Gas Hydrocarbon (SGH) soil anomalies and favourable geology on the Lower Poly
Grid.


The main exploration target is Eskay Creek type precious metal volcanogenic
massive sulphide (VMS) mineralization. The 2011 drill pad on the Classic Grid
remains in place for follow-up drilling after a VMS feeder zone with a Au-Cu
signature was intersected in drill hole P11-02 that tested a 2010 VTEM anomaly
recommended by Geotech Ltd.


The favourable VMS horizon, the X-LNX Zone, is postulated to extend from the X
Zone on the north side of the Poly Tenures over a strike length of about 7 km to
Nelson Creek on the south side of the Lord Nelson Tenures (LNT; Figure 1). The
interpretation of the extent of the VMS target and favourable geological
environment was further substantiated in 2012 with the discovery of rhyolite
stratigraphy, a key ingredient for the discovery of VMS, in proximity to the LNX
Zone on the Ridge Grid. An untested Aerotem airborne EM anomaly with a strike
length of over 2 km is associated with the LNX Zone on the LNT.


Well mineralized boulders with Cu staining were found near the LNX Zone and the
structural contact of pyroclastic and felsic rocks and overlying sediments.
Assay results from the approximately 300 rock, MMI soil, talus rock and soil and
stream sediment samples are expected to be available in November.


Frontline's CEO, Walter Henry, comments, "We are very pleased it appears that
the favourable VMS horizon, located at the Poly Project, now appears to have a 7
km strike length that extends onto the LNT. There, the horizon is signatured by
an untested airborne EM anomaly and is associated with recently discovered
mineralized boulders and favourable felsic stratigraphy (rhyolite) that is often
associated with VMS deposits. The significance of the Company's 2012 program
should become apparent when the samples are analyzed later this year."


Frontline plans to continue the LNT Option via the reduced 2012 program
expenditure as agreed to by Teuton and by making the $35,000, 2012 option
payment. Geofund, the principal owners of the Poly Tenures, has provided interim
funding in the amount of approximately $200,000 for the Frontline BC projects in
2012, the aggregate amount of the funding to be repaid on or before November 30,
2012.


The 2012 Poly program was carried out by Geofine Exploration Consultants Ltd.
The work was supervised by David Molloy, P. Geo., who has reviewed this release
and is the Qualified Person in compliance with National Instrument 43-101.
Geofine has recommended a Phase 2, 2012 fall follow-up program to continue to
delineate the priority targets and establish set-ups for a 2013 drill program.


About Frontline's Poly/Stewart Projects

Frontline holds an option to earn and acquire up to a 100% in both the Poly and
Stewart Projects. The Poly and Stewart Projects are based in the Stewart Gold
Camp in northwestern British Columbia. This is an evolving gold camp that hosted
one of the world's richest Kuroko-type VMS precious metal deposits, Eskay Creek,
as well as one of the world's largest undeveloped Cu-Au porphyry deposit,
KSM/Snowfield, with over 90Moz of Au, 444Moz of Ag and 20B lbs Cu in resources.
The Poly Project is contiguous with Mountain Boy Minerals and Great Bear
Resources mineral tenures that host the BA Ag-Pb-Zn VMS deposit as well as with
Teuton/Sabina's tenures that host the Del Norte VMS trend.


Frontline's gold-copper porphyry project, the Stewart Property, straddles
Highway 37 approximately 10 kilometres south of Bell 2 and its western tenures
are contiguous with the KSM (Seabridge Resources) and Snowfield/Brucejack (now
Pretium Resources) properties.


About Frontline Gold Corporation

Frontline is a Canadian junior mineral exploration company with an experienced
discovery team and a proven record of accomplishment. The Company's flagship
properties include the Menderes gold project in the Izmir province of Western
Turkey and the Niaouleni gold project in southern Mali in the heart of West
Africa's prolific gold belt. Ongoing Canadian exploration includes the Poly
(gold VMS) and the Stewart (gold-copper porphyry) projects.


For further information, please visit the Company's website at
www.frontlinegold.com to view the most recent corporate presentation.


The Qualified Person under National Instrument 43-101-Standards of Disclosure
for Mineral Projects ("NI 43-101") for this News Release is David Molloy, P.
Geo., consultant to the Company, who has reviewed and is responsible for the
technical information presented in this news release.


This news release contains forward-looking statements, which address future
events and conditions, which are subject to various risks and uncertainties. The
Company's actual results, programs and financial position could differ
materially from those anticipated in such forward-looking statements as a result
of numerous factors, some of which may be beyond the Company's control. These
factors include: the availability of funds; the timing and content of work
programs; results of exploration activities and development of mineral
properties, the interpretation of drilling results and other geological data,
the uncertainties of resource and reserve estimations, receipt and security of
mineral property titles; project cost overruns or unanticipated costs and
expenses, fluctuations in metal prices; currency fluctuations; and general
market and industry conditions.


Forward-looking statements are based on the expectations and opinions of the
Company's management on the date the statements are made. The assumptions used
in the preparation of such statements, although considered reasonable at the
time of preparation, may prove to be imprecise and, as such, undue reliance
should not be placed on forward-looking statements.


Walter Henry, President & CEO

FRONTLINE GOLD CORP.

To view Figure 1 and Figure 2, please visit the following link:
http://media3.marketwire.com/docs/frontline_gold_fig01_02_oct2.pdf

Grafico Azioni Frontline Gold (TSXV:FGC)
Storico
Da Mag 2024 a Giu 2024

Grafico Azioni Frontline Gold (TSXV:FGC)
Storico
Da Giu 2023 a Giu 2024