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Drilling along northern extension intersects 44.2 metres of 10.14 g/t gold at Long Canyon, Nevada
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August 18, 2010
Drilling along northern extension intersects 44.2 metres of 10.14 g/t gold
at Long Canyon, Nevada
10-27
Fronteer Gold (FRG: TSX/NYSE-Amex) provides an update on exploration and
development activities at its Long Canyon gold project, including the
reporting of significant intervals of high-grade oxide gold intersected
northeast and southwest of the current resource area.
Long Canyon, Sandman and Northumberland gold projects comprise Fronteer
Golds development platform in Nevada.
Long Canyons 2010 program is
multidisciplinary and focused on resource definition and expansion, as well
as metallurgical, engineering, and environmental work necessary to advance
the project toward production in the near-term.
EXPLORATION UPDATE
Drilling in 2010 is largely focused in the northern half of the deposit.
Five drill rigs are currently operating on the property and more than 40,000
metres of the years originally planned 45,000 metres have been drilled to
date (an additional 15,000 metres of drilling is forecasted through
November).
Drill result highlights from the northern part of the deposit include:
* 10.14 grams per tonne gold (0.296 ounces per ton) over 44.2 metres,
including 15.39 g/t (0.449 oz/ton) over 24.7 metres in LC529C;
* 6.51 g/t (0.190 oz/ton) over 41.8 metres, including 20.00 g/t (0.584
oz/ton) over 11.0 metres in LC515C;
* 8.48 g/t (0.248 oz/ton) over 20.3 metres in LC537C*;
* 5.75 g/t (0.168 oz/ton) over 29.0 metres, including 13.54 g/t (0.395
oz/ton) over 9.1 metres in LC518.
* 4.72 g/t (0.138 oz/ton) over 24.4 metres, including 14.32 g/t (0.418
oz/ton) over 2.7 metres in LC506C.
*Hole abandoned in mineralization due to poor ground conditions.
Assays from
successful re-drill pending.
In addition, new results indicate the deposits growth potential to the
southwest.
Drilling 300 metres to the southwest of the resource area along
trend returned several shallow intercepts, including:
* 3.10 g/t (0.091 oz/ton) over 9.1 metres and 1.66 g/t (0.049 oz/ton)
over 16.8 metres in LC560.
The deposit is now 2.7-km long and remains open for expansion.
For a map
highlighting recent drilling, please click:
http://www.fronteergold.com/sites/files/fronteer_admin/LongCanyonDrillMap102
7.pdf
Five out of nine planned monitoring wells have also been installed at the
project, with the remaining four to be completed by the end of August.
Four, 15-ton surface bulk samples and one three-ton large-diametre core
sample have also been collected for large-column metallurgical testing.
Run-of-mine, heap-leach conditions will be simulated.
Drill highlights
Hole ID
From
To
Intercept Length
Au
Au
(metres)
(metres)
(metres)
(g/t)
oz/ton
LC368C
18.2
45.4
27.2
4.29
0.125
LC484C
148.7
180.7
32.0
3.24
0.095
LC485C
212.4
215.5
3.1
1.71
0.050
and
241.7
247.5
5.8
2.53
0.074
LC491C
138.1
141.1
3.1
1.80
0.052
and
147.2
167.9
20.7
5.18
0.151
including
157.9
164.0
6.1
12.64
0.369
LC493C
125.3
153.9
28.7
3.65
0.107
including
137.8
142.6
4.9
9.28
0.271
LC498C
110.3
117.7
7.3
1.50
0.044
and
136.2
146.3
10.1
3.53
0.103
including
139.3
141.9
2.6
10.94
0.319
LC502
57.9
62.5
4.6
1.13
0.033
LC506C
102.7
127.1
24.4
4.72
0.138
including
107.0
109.7
2.7
14.32
0.418
LC515
85.0
126.8
41.8
6.51
0.190
including
101.8
112.8
11.0
20.00
0.584
and
135.0
137.0
2.0
2.49
0.073
LC518
163.1
192.0
29.0
5.75
0.168
including
175.3
184.4
9.1
13.54
0.395
LC519C
109.4
114.9
5.5
2.28
0.067
LC521CB
130.1
140.8
10.7
2.74
0.080
LC523
9.1
12.2
3.1
4.56
0.133
LC524C
197.2
201.6
4.4
1.75
0.051
LC525
239.3
280.4
41.2
2.17
0.063
including
257.6
265.2
7.6
5.52
0.161
LC526C
91.6
114.3
22.7
2.79
0.081
LC529C
159.4
203.6
44.2
10.14
0.296
including
174.7
199.3
24.7
15.39
0.449
LC537C
112.2
132.4
20.3
8.48
0.248
LC538
269.7
271.3
1.5
1.28
0.037
LC539C
266.2
269.1
2.9
1.38
0.040
and
282.9
295.4
12.5
6.27
0.183
including
286.1
288.3
2.3
14.82
0.433
LC558
27.4
38.1
10.7
2.87
0.084
LC560
9.1
18.3
9.1
3.10
0.091
and
74.7
91.4
16.8
1.66
0.049
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, including
non-reportable intercepts, please click:
http://www.fronteergold.com/sites/files/fronteer_admin/LongCanyonDrillResult
s1027.pdf
Fronteer Gold is majority owner (51%) and operator of Long Canyon in joint
venture with AuEx Ventures (49%).
Moira Smith, P.
Geo., Nevada Chief Geologist for Fronteer Gold, is the
companys designated Qualified Person for this news release and has reviewed
and validated that the information contained in the release accurate.
Drill
composites were calculated using a cut-off of 0.30 g/t.
Drill intersections
are reported as drilled thicknesses.
True widths of the mineralized
intervals are interpreted to be between 30-100% of the reported lengths.
Reverse circulation cuttings were sampled on 5.0 feet (1.52 metre) intervals
and core was sampled at geologically selected 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 5.0 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 and continual monitoring of numerous standards and
blanks into the sample stream, and the collection of duplicate samples at
random intervals within each batch.
Selected holes are also analyzed for a
72-element geochemical suite by ICP-MS.
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.
For further information on Fronteer Gold visit www.fronteergold.com
or contact:
Mark ODea, President & CEO
John Dorward, VP, Business Development
Glen Edwards, Director, Communications
Phone 604-632-4677 or Toll Free 1-877-632-4677
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 Golds Annual Information form and
Fronteer Golds 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.
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