Frontline Gold Corp.: Resignation of Director
Toronto, May 5, 2017 - Walter Henry, President and CEO of Frontline Gold Corp. (TSX-V:FGC) ("Frontline" or the "Company") announces that Greg Isenor, P.Geo has resigned as a V.P. Exploration, Qualified Personal and Director of Frontline. The Board of Directors, together with current management, is in the process of a review to consider the expansion of the Board of Directors and the current management team of Frontline. Details of an additional Director(s) and an expansion of the management team will be announced as and when decisions are made. I, on behalf of the Board, wishes to extend a heartfelt thank-you to Greg Isenor, who has tendered his resignation from Frontline's Board of Directors. As a member of the Board and the former Founder and CEO and President of Frontline, Greg's diligence and knowledge of west Africa and the junior exploration sector contributed to the Company's portfolio growth and development. I and the Board sincerely wish Greg all the best in his current and future endeavors in West Africa.
Frontline is a Canadian junior mineral exploration company. The Company's principal Ontario properties include the following:
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-Red Lake Gold exploration properties consisting of 16 claims, totaling 6,400 acres on 160 claim units adjoining Pure Gold's Madsen Mine to the east and the south. This land package combined with the Company's Chukuni and White Horse Island Projects, provides the Company with one of the largest exploration land packages within the Red Lake District totaling just 9,600 acres.
-The Chukuni propertywhich consists of seven contiguous claims, totaling 2,960 acres on 74 claim units in proximity to Goldcorp's Red Lake Gold Mine, and the proximity to Goldcorp's #3 Mine shaft.
-Whitehorse Island property comprised of two contiguous claims, totalling 35.55 hectares hosts the Whitehorse Island gold shaft and are situated between the Goldcorp / Premier Gold Rahill-Bonanza Gold Property and Premier Gold's Hasaga Gold Property.
-Cameron Lake Property Group consists of a 100% interest in seven (7) gold properties in the Rainy River area of Ontario ("Rainy River Properties") which are strategically located adjacent to First Mining Finance's Cameron Gold Project ("Cameron Gold Project") in the Rainy River area.
-Zealand Properties consist of a total of 72 claim units covering 1,152 hectares. All of the claims are located on or near the project boundaries to Treasury Metals' ("Treasury Metals") Goliath Gold Project.
-Confederation Lake Project the Property hroperty hosts a number of historical Cu-Zn bearing massive sulphide and stringer sulphide mineralized zones, hosted in strongly altered felsic volcanic pyroclastic rocks.
-Birch-Uchi Greenstone Belt exploration property, which is adjacent to Sabina Gold and Silver's Golden Sidewalk property, hosts the past-producing Bathurst Mine;
-Production Royalty and Net Smelter Royalty on a portion of First Mining Finance's Pickle Crow Gold Project which was acquired from PC Gold Inc.
In addition to the Ontario Exploration portfolio discussed above, the Company's international principal properties include the following:
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i.Keban Tailings Project- Located approximately 45 km northwest from the city of Elazig, via paved highway, which is fully permitted and includes the exclusive rights to process a minimum 114,000 tonnes of mineralized milled tailings stored in two areas within the defined tailings boundaries.
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ii.Kambertepe Tailings Project- Includes the exclusive rights to process approximately up to 6,000 tonnes of mineralized tailings, with the following average reported grades per tonne of tailings: 2.1% Copper, 21 g/t Silver, 1.9% Zinc, 0.5% Titanium and over 50% Iron, based on assays completed by Bureau Veritas, Vancouver, Canada, as noted from a Firat University report on the project dated March 15th, 2016.
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iii.Menderes Gold Project, a 6,194 ha (62 km?) contiguous land package located near the village of Efemcukuru, in Izmir Province, Western Turkey. The permits that make up the Menderes Gold Project were acquired for their excellent potential to host low to medium sulphidation, gold-mineralized epithermal vein systems. The Menderes Gold Project is contiguous to the eastern and southern property boundaries of Eldorado Gold's Efencukuru Mine (sourcewww.eldoradogold.com).
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iv.Niaouleni Gold Project, in southern Mali in the heart of West Africa's prolific gold belt. Active gold exploration projects in the immediate vicinity of Niaouleni include African Gold Group Inc.'s Kobada Gold Project (www.africangoldgroup.com).
Further information about the Company is available on the Company's website, www.frontlinegold.com , or our social media sites listed below:
Facebook: https://www.facebook.com/Frontline Gold Corp./
Twitter: https://twitter.com/frontlinegold
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.
Contact:
Walter Henry
Telephone: (416) 362-9100
Fax: (416) 362-9300
Email: info@frontlinegold.com
Website: www.frontlinegold.com
Frontline Gold Corp. (TSX-V: FGC)
1 Toronto Street, Suite 201
Toronto, Ontario M5C 2V6
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