Frontline Gold Announces Significant Drill Ready Base-Precious Metal VMS Target Delineated on the Poly Tenures, Poly Property, Stewart Gold Camp
TORONTO, ONTARIO -- (Marketwire - March 13, 2013) - Frontline Gold Corporation (TSX VENTURE:FGC) ("Frontline" or the "Company") is pleased to announce the results of the 2012 surveys on the Poly Tenures ("PT").
The 2012 geological and geochemical surveys on the PT of the Poly Property included fill-in and expansion MMI soil sampling on the NW Gold Zone on the Lower Poly Grid ("LPG"); on the Cottonwood Grid ("CWG"); and, on the Swimming Pool Grid ("SPG").
Based on his integration and interpretation of the 2006-2012 MMI data, Dr. Mark Fedikow, P.Geo., P.Eng. of Mount Morgan Resources Ltd. indicates that a significant, drill ready base and precious metal MMI soil anomaly indicative of VMS-type mineralization has been delineated on the LPG in the vicinity of the Stewart Power Line and Hwy 37A:
- The very large and high-contrast multi-element and multi-sample base and precious metal MMI anomaly progressively defined by 2006-2011 surveys on the LPG has been expanded by 2012 surveys. The main commodity element response is an 850 m long by 350 m wide multi-sample, multi-element base metal "central anomaly". This robust anomaly consists of four components: (1) a linear zone of strongly elevated Ag, Pb, Zn, Cd and lesser Cu; (2) flanking anomalies of Au and Mo; (3) an encompassing As-Sb-Tl anomaly that overprints (1) and (2); and (4) an interpreted host lithology to the central Ag, Pb, Zn and Cd anomaly that has a very strong Ce, Eu, Tb (light, intermediate and heavy REE with values of >100 times background), Ba and Th.
- This anomaly is interpreted to be open to the northwest and possibly truncated to the east although a possible porphyry style of MMI signature occurs in the east and consists of W-Cu-Mo responses. The high-contrast Au-Ag anomaly associated with the NW Gold Zone was strengthened and expanded by the 2012 work and this anomaly is open to the north. The MMI soil anomaly on the northern CWG is interpreted to be the northwestern extension of the LPG multi-element anomaly owing to its similarity in anomaly forming elements and morphology of responses.
- The SPG is marked by a very high-contrast Au Response Ratio of 102 times background. The trend of the Au anomaly and the correspondence with base metal responses (Pb, Zn, Cu) indicates that the anomaly remains open to the northwest towards the CWG. Elevated Ag responses are concentrated in the southeast survey area. Some correspondence is noted between Au and Ag, particularly for the highest response ratios for both elements.
The PT offers priority drill targets in 2013 for VMS-type mineralization. For example, follow-up drill holes are recommended on the Feeder Zone associated with a classic VTEM airborne anomaly. The Feeder Zone is a possible source of the postulated VMS mineralization on the LPG, where three drill holes have been spotted in the field to test the central MMI anomaly. Untested historic IP anomalies offer immediate focus for the drill evaluation of the NW Gold Zone.
A 2013 follow-up drill program totalling at least 1500 m is recommended. The work would be carried out in conjunction with the 2013 drill program proposed on the Lord Nelson Tenures, which are contiguous with and located southeast of the PT (see the Company's new release dated March 7, 2013).
The 2012 program on the PT of the Poly Property was carried out by Geofine Exploration Consultants Ltd. The work was supervised by David Molloy, P.Geo., who has reviewed this release and is the Qualified Person in compliance with National Instrument 43-101.
About Frontline's Poly/Stewart Projects
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 northwestern British Columbia. This is an evolving gold camp that hosted one of the world's richest Kuroko-type VMS precious metal deposits, Eskay Creek, as well as one of the world's largest undeveloped Cu-Au porphyry deposit, KSM/Snowfield, with over 90Moz of Au, 444Moz of Ag and 20B 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 deposit as well as with Teuton/Sabina's tenures that host the Del Norte VMS trend.
Frontline's gold-copper porphyry project, the Stewart Property, straddles Highway 37 approximately 10 kilometres south of Bell 2 and its western tenures are contiguous with the KSM (Seabridge Gold Inc.) and Snowfield/Brucejack (now Pretium Resources Inc.) properties.
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 Menderes gold project in the Izmir province of Western Turkey and the Niaouleni gold project in southern Mali in the heart of West Africa's prolific gold belt. Ongoing Canadian exploration includes the Poly (gold VMS) and the Stewart (gold-copper porphyry) 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 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.
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
Frontline Gold Corp.
Walter Henry
(416) 362-9100
(416) 362-9300 (FAX)
info@frontlinegold.com
www.frontlinegold.com