Fronteer Gold Inc.: Drilling Begins at TV Tower Gold Project in Turkey
02 Septembre 2010 - 1:00PM
Marketwired
Fronteer Gold (TSX: FRG)(NYSE Amex: FRG) announces today that Teck
Resources Limited's Turkish subsidiary, ("TMST"), our 60% joint
venture partner and project operator, has commenced a 5,000 metre
drill program on the TV Tower Gold Project in Northwestern Turkey.
TV Tower is located within the Biga Peninsula, approximately 15
kilometres northwest of Fronteer Gold and TMST's Halilaga
copper-gold porphyry deposit.
TV Tower is a large property covering 65 km2 and is accessible
by road. Fronteer Gold believes there is strong potential for
multiple gold deposits nested within what appears to be a large,
highly altered volcanic centre.
Since 2008, TMST has completed detailed geological mapping;
extensive soil and rock geochemical sampling; and, ground-based
magnetic and IP/Resistivity surveys. Seven targets have been
identified for detailed follow-up. Many of these target areas have
wide-spread epithermal alteration with supporting geophysical and
geochemical signatures typical of those seen at other
high-sulphidation gold and porphyry copper-gold deposits in the
region.
Highlights from rock-saw channel sampling from four different
target areas include:
-- 1.1 grams per tonne gold over 113 metres
-- 0.7 g/t gold over 63 metres
-- 0.3 g/t gold over 26.5 metres
-- 0.4 g/t gold over 20 metres with individual grab samples as high as 50.0
g/t gold
(Note: The reported composites are weighted average grades based
on the length of individual rock saw channel samples collected from
available outcrops. The minimum and maximum channel lengths are 1.5
and 5.0 metres respectively. The depth and width of the channels
are approximately 2 and 4 cm respectively).
A CDN$1.3 million program, funded 60%/40% by TMST and Fronteer
Gold, is planned for 2010 with a focus on initiating Phase 1
drilling on two high-sulphidation gold targets. The program will
include an additional 30 line kilometres of IP/Resistivity surveys,
and 5,000 metres of drilling with two diamond-core rigs.
Rock samples and analytical data for TV Tower are collected
under the supervision of TMST using industry standard QA-QC
protocols. Ian Cunningham-Dunlop P. Eng, Vice President Exploration
for Fronteer Gold, who is the QP responsible for compiling the data
contained in this release, has not verified all the data; however,
the grades reported here agree well with the company's past results
on the project and correspondence with TMST has given him no reason
to doubt their authenticity.
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.
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 10-30
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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