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Message: Drilling Returns 5.32 Grams Per Tonne Gold Over 25 Metres at Long Canyon Project
| January 26, 2009 | |
| Fronteer Development Group Inc.: Drilling Returns 5.32 Grams Per Tonne Gold Over 25.4 Metres at Long Canyon Project, Nevada | |
|
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 26, 2009) - Fronteer Development Group Inc. ("Fronteer" or the "Company") (TSX:FRG)(NYSE Alternext US:FRG) is pleased to announce that new drill results continue to intersect wide intervals of near-surface, high-grade, oxide gold mineralization at its 51%-owned and operated Long Canyon project in Nevada. Long Canyon is emerging as a high-quality gold deposit. Mineralization has been intersected over a 1.7 kilometre (1.1 mile) long strike length and across multiple zones that are collectively up to 400 metres in width. Mineralization remains open in all directions - including at depth. Drill results continue to demonstrate encouraging consistency and continuity of grade. Highlights from the newly defined Shadow Zone include: - 5.32 grams per tonne gold (0.155 ounces per ton) over 25.4 metres, including 15.29 g/t (0.446 oz/ton) over 7.6 metres, in LC160C; and - 4.04 g/t (0.118 oz/ton) over 9.1 metres, including 7.49 g/t over 1.5 metres in LC176. Drill highlights from the Northeast Zone include: - 9.15 g/t (0.267 oz/ton) over 14.7 metres, including 17.78 g/t (0.519 oz/ton) over 4.6 metres, in LC161C; and - 4.02 g/t (0.117 oz/ton) over 16.8 metres, including 40.53 g/t (1.183 oz/ton) over 0.5 metres, in LC139C. A project-first, independent National Instrument 43-101 resource estimate is planned for Q1 2009. Approximately 24,700 metres in 164 holes were drilled in 2008, with assays from approximately 25 holes still pending. To date, approximately 220 holes (30,000 metres) have tested the deposit. For a map highlighting recent drilling, please click: http://www.fronteergroup.com/sites/f... LONG CANYON DRILL RESULTS
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Intercept
From To Length Au Au
Hole ID (metres) (metres) (metres) (oz/ton) (gpt)
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LC139C 69.2 86.0 16.8 0.117 4.02
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including 73.6 74.1 0.5 1.183 40.53
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81.4 82.9 1.5 0.376 12.87
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LC142C 87.5 93.3 5.8 0.080 2.74
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including 92.1 93.3 1.2 0.176 6.02
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LC146C 54.0 57.0 3.0 0.033 1.12
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LC157C 35.2 41.6 6.4 0.036 1.23
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LC159 138.7 144.8 6.1 0.033 1.13
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196.6 199.6 3.0 0.033 1.12
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LC160C 23.2 48.6 25.4 0.155 5.32
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including 24.7 32.3 7.6 0.446 15.29
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206 242.7 36.7 0.06 2.05
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including 208.7 211.3 2.6 0.225 7.70
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230.5 231.8 1.3 0.158 5.40
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237.2 238.4 1.2 0.158 5.42
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LC161C 1.5 16.2 14.7 0.267 9.15
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including 7.0 11.6 4.6 0.519 17.78
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LC162 120.4 137.2 16.8 0.100 3.42
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122 123.5 1.5 0.211 7.24
including ------------------------------------------
201.2 221 19.8 0.033 1.14
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LC163C 20.1 21.3 1.2 0.253 8.67
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LC164C 140.8 146.9 6.1 0.049 1.69
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LC165C 22.1 26.8 4.7 0.037 1.26
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LC166C 12.8 15.8 3.0 0.030 1.04
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LC175 86.9 94.5 7.6 0.057 1.96
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LC176 53.4 62.5 9.1 0.118 4.04
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including 56.4 57.9 1.5 0.219 7.49
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59.5 61 1.5 0.204 6.98
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(i) True widths of the mineralized intervals are interpreted
to be between 70-100% of the reported lengths. Results less
than 1 g/t not reported in this table. Holes LC143C, LC148C,
LC153C, LC155C, LC168-171C and LC174C had no reportable intercepts.
Drill hole ID numbers ending with a "C" indicate core holes with
all others being reverse circulation holes.
http://www.fronteergroup.com/sites/f... Fronteer is majority owner (51%) and manager of Long Canyon through a joint venture with AuEx Ventures Inc. (49%). Long Canyon, Sandman and Northumberland are Fronteer's leading gold properties in Nevada. Long Canyon, located 6.5 km (4 miles) south of the I-80 Freeway corridor in northeastern Nevada, is part of Fronteer's emerging 400,000-acre Eastern Great Basin portfolio. For more information on Long Canyon and Fronteer's other Nevada projects, visit: www.fronteergroup.com/?q=content/nevada Robert Felder, M.Sc. and Certified Professional Geologist, as recognized by the American Institute of Professional Geologists, is designated as a Qualified Person for these Long Canyon drill results, with the ability and authority to verify the authenticity of, and validity of, this data. Drill composites were calculated using a cut-off of 0.30 g/t. Drill intersections are reported as drilled thicknesses. 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, or American Assay Laboratories (ISO9002:2002) in Sparks, Nevada, for gold by Fire Assay of a 30 gram (1 assay ton) charge with an AA finish, or if over 10.0 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 Fronteer is an exploration and development company with a track record of making big discoveries. Fronteer has an extensive portfolio of advanced stage gold projects in Nevada, a 40% interest in three gold and copper-gold projects in western Turkey, and a 42.2% interest in Aurora Energy Resources (TSX:AXU), a leading Canadian uranium company. Fronteer has approximately C$79 million in cash that is fully liquid and held with a large Canadian commercial bank. For further information on Fronteer visit www.fronteergroup.com. |
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