Frontline Gold Provides an Update on the 2011 Exploration Program on the Poly Project in the Stewart Gold Camp, NW BC
25.10.2011 | Marketwired
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.TORONTO, ONTARIO
TORONTO, ONTARIO -- (Marketwire - Oct. 25, 2011) - Frontline Gold Corporation (TSX VENTURE: FGC) ("Frontline" or the "Company") is pleased to provide an update on the 2011 exploration program on the Poly Property in the Stewart Gold Camp of NW British Columbia. The program has included the collection of about 1300 MMI soils, rock, stream sediments, conventional soil and check samples from seven segments of the property (Poly Upper, Lower, Classic, Central, Central North, Swimming Pool, Lord Nelson Tenures). Four diamond drill holes completed this year comprising about 1175 m: one on the Poly Upper Grid (X-Zone) and three on VTEM anomalies, (see attached map) delineated by Geotech in 2010 on the Classic and Central Zones. About 440 core samples from the first two holes are currently being analyzed by Activation Laboratories Ltd. in Stewart.
As interpreted by MMI Consultant Dr. Mark Fedikow, the integrated 2011 and historic MMI survey results from the Poly Property have:
- substantially expanded the polymetallic target on the Lower Poly Grid; (see attached map)
- provided evidence of the anomaly's extension to the west on the Central Grid;
- located a high contrast Au-Ag anomaly in the northern area of the Lower Poly Grid; and,
- located significant new MMI base metal and precious metal responses on the Swimming Pool Grid and the Lord Nelson Tenures, which are under option from Teuton Resources Corp.
According to Dr. Fedikow, the MMI work has defined a major base and precious metal anomaly on the Poly Property. The main commodity element response on the Poly property is a 750 m long by 350 m wide multi-sample, multi-element base metal "central anomaly". This anomaly consists of four components: (1) a linear zone of strongly elevated Ag, Pb, Zn and Cd; (2) flanking anomalies in Cu, Au, Ni and Mo; (3) an encompassing As-Sb-Tl anomaly that seems to overprint (1) and (2); and (4) an interpreted lithology with elevated Ce, Eu, Tb (light, intermediate and heavy REE), Ba and Th.
Based on the available results, which continue to suggest potential for VMS type precious and base metal mineralization, Frontline will continue its option agreement with Teuton Resources on the Lord Nelson Tenures. Once all of the 2011 analytical data, including drill results, have been received, a 2012 follow-up drill program will be formulated.
About Frontline's Poly/Stewart Project
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 NW British Columbia. This is an evolving gold camp that hosts one of the world's richest Kuroko-type VMS precious metal deposits as well as one of the world's largest undeveloped Cu-Au porphyry deposits, KSM/Snowfield/Brucejack, with over 94 million oz of Au, 607 million oz of Ag and 14 billion 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 deposits as well as with Teuton/Sabina's tenures that host the Del Norte VMS trend. As far as the Stewart project is concerned, its western tenures are contiguous with the KSM (Seabridge Resources) and Snowfield/Brucejack (now Pretivm Resources) properties.
On June 30, 2011, Frontline announced the commencement of a C$1.0 MM exploration program at both the Poly and Stewart projects for 2011. The 2011 Poly exploration program is being supervised by Geofine Exploration Consultants Ltd. under the direction of David Molloy, P.Geo. and has been fully funded.
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 Niaouleni gold project in the heart of Mali South in West Africa's prolific gold belt and the Menderes gold project in the Izmir province of Western Turkey. Ongoing Canadian exploration includes the Poly (gold), the Stewart (gold-copper polymetallic) and the Red Lake (gold) 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 for the Poly Project 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 the map, 2011 Cu MMI results - Lower Poly Grid, please visit the following link:
http://media3.marketwire.com/docs/2011CuMMIresults.pdf;
Neither TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact Information
Frontline Gold Corp.
Walter Henry
President & CEO
(416) 362-9100
(416) 362-9300 (FAX)
info@frontlinegold.com
www.frontlinegold.com
TORONTO, ONTARIO -- (Marketwire - Oct. 25, 2011) - Frontline Gold Corporation (TSX VENTURE: FGC) ("Frontline" or the "Company") is pleased to provide an update on the 2011 exploration program on the Poly Property in the Stewart Gold Camp of NW British Columbia. The program has included the collection of about 1300 MMI soils, rock, stream sediments, conventional soil and check samples from seven segments of the property (Poly Upper, Lower, Classic, Central, Central North, Swimming Pool, Lord Nelson Tenures). Four diamond drill holes completed this year comprising about 1175 m: one on the Poly Upper Grid (X-Zone) and three on VTEM anomalies, (see attached map) delineated by Geotech in 2010 on the Classic and Central Zones. About 440 core samples from the first two holes are currently being analyzed by Activation Laboratories Ltd. in Stewart.
As interpreted by MMI Consultant Dr. Mark Fedikow, the integrated 2011 and historic MMI survey results from the Poly Property have:
- substantially expanded the polymetallic target on the Lower Poly Grid; (see attached map)
- provided evidence of the anomaly's extension to the west on the Central Grid;
- located a high contrast Au-Ag anomaly in the northern area of the Lower Poly Grid; and,
- located significant new MMI base metal and precious metal responses on the Swimming Pool Grid and the Lord Nelson Tenures, which are under option from Teuton Resources Corp.
According to Dr. Fedikow, the MMI work has defined a major base and precious metal anomaly on the Poly Property. The main commodity element response on the Poly property is a 750 m long by 350 m wide multi-sample, multi-element base metal "central anomaly". This anomaly consists of four components: (1) a linear zone of strongly elevated Ag, Pb, Zn and Cd; (2) flanking anomalies in Cu, Au, Ni and Mo; (3) an encompassing As-Sb-Tl anomaly that seems to overprint (1) and (2); and (4) an interpreted lithology with elevated Ce, Eu, Tb (light, intermediate and heavy REE), Ba and Th.
Based on the available results, which continue to suggest potential for VMS type precious and base metal mineralization, Frontline will continue its option agreement with Teuton Resources on the Lord Nelson Tenures. Once all of the 2011 analytical data, including drill results, have been received, a 2012 follow-up drill program will be formulated.
About Frontline's Poly/Stewart Project
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 NW British Columbia. This is an evolving gold camp that hosts one of the world's richest Kuroko-type VMS precious metal deposits as well as one of the world's largest undeveloped Cu-Au porphyry deposits, KSM/Snowfield/Brucejack, with over 94 million oz of Au, 607 million oz of Ag and 14 billion 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 deposits as well as with Teuton/Sabina's tenures that host the Del Norte VMS trend. As far as the Stewart project is concerned, its western tenures are contiguous with the KSM (Seabridge Resources) and Snowfield/Brucejack (now Pretivm Resources) properties.
On June 30, 2011, Frontline announced the commencement of a C$1.0 MM exploration program at both the Poly and Stewart projects for 2011. The 2011 Poly exploration program is being supervised by Geofine Exploration Consultants Ltd. under the direction of David Molloy, P.Geo. and has been fully funded.
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 Niaouleni gold project in the heart of Mali South in West Africa's prolific gold belt and the Menderes gold project in the Izmir province of Western Turkey. Ongoing Canadian exploration includes the Poly (gold), the Stewart (gold-copper polymetallic) and the Red Lake (gold) 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 for the Poly Project 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 the map, 2011 Cu MMI results - Lower Poly Grid, please visit the following link:
http://media3.marketwire.com/docs/2011CuMMIresults.pdf;
Neither TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact Information
Frontline Gold Corp.
Walter Henry
President & CEO
(416) 362-9100
(416) 362-9300 (FAX)
info@frontlinegold.com
www.frontlinegold.com