Dec 1 2010
Fronteer Gold (TSX:FRG)(NYSE Amex:FRG) reports that ongoing drilling continues to return wide intervals of high-grade oxide gold at its wholly owned Long Canyon deposit, located in northeastern Nevada.
New results, largely focused to the northeast of the current resource area, include:
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13.77 grams per tonne gold over 21.3 metres, including 23.72 g/t over 10.4 metres in LC633C;
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5.77 g/t over 34.7 metres, including 34.3 g/t over 2.4 meters; and 5.23 g/t over 13.3 metres in LC631C;
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4.18 g/t over 59.1 metres in LC598C;
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5.81 g/t over 30.2 metres in LC600C;
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4.54 g/t over 28.3 metres in LC646C;
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3.29 g/t over 43.4 metres in LC629C.
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 generally range between 50-100% of the reported lengths.
Drilling in the southern part of the deposit has also returned wide intervals of oxide gold mineralization, including 1.06 g/t gold over 21.3 metres (LC619), highlighting additional areas of deposit growth.
The Long Canyon gold deposit is open in all directions and remains oxidized. Aggressive step-out drilling to the northeast is now underway. Six drill rigs are operating on the property and approximately 70,000 metres have been drilled to date in 2010. Drilling will extend through winter, with an additional 10,000 metres planned for December through to March 2011.
2011 GOALS
Fronteer Gold is well-funded to advance Long Canyon on a 100% basis as we move the project through development. Long Canyon's comprehensive work program is focused on resource definition and expansion, as well as the metallurgical, engineering, and environmental work necessary to move the project to feasibility stage. Significant water and private-surface rights for mine development have already been secured. A planned $25 million work program for 2011 includes the near-term goals of:
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completing an updated resource and updated Preliminary Economic Assessment in early 2011;
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undertaking 75,000 metres of exploration and development drilling;
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initiating permitting;
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completing an additional resource update near year-end 2011; and,
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commencing feasibility stage.
Source: Fronteer Gold