Frontline Gold Corporation Renames Turkish Gold Project
28.03.2011 | Marketwire
HALIFAX, NOVA SCOTIA -- (Marketwire - March 28, 2011) - Frontline Gold Corporation ("Frontline" or the "Company") (TSX VENTURE: FGC) is pleased to announce that its 90% owned project in Izmir Province, Turkey has been renamed the Menderes Gold Project (formerly the Efemçukuru Gold Project).Frontline has a strategic alliance in Turkey with Aegean Gold Madencilik Ltd. Şti., a Turkish corporation, for the acquisition and exploration of mineral exploration properties in Turkey. Aegean Gold assisted with the sourcing and acquisition of these new permits and owns the remaining 10% of Frontline's Turkish subsidiary.
An initial $500,000 exploration program consisting of geological mapping, rock and soil sampling, trenching, and geophysics is planned for the Menderes Gold Project with drilling to follow as warranted.
Frontline Gold Corp. (TSX VENTURE:FGC) is a Canadian junior mineral exploration company with an experienced discovery team and a proven record of accomplishment. The Company's flagship Niaouleni gold project lies in the heart of Mali South in West Africa's prolific gold belt. Frontline is currently developing its gold projects in the Izmir province of Western Turkey, which consist of the Menderes, Odemis, Ordu and Kure properties. Ongoing Canadian exploration includes the Red Lake (gold) and Stewart (gold-copper-polymetallic) projects.
For further information, please visit the Company's website at www.frontlinegold.com to view the most recent corporate presentation.
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.
Suite 802 - 1550 Bedford Highway
Bedford, NS B4A 1E6
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) 414-5825
(902) 832-2223 (FAX)
info@frontlinegold.com
www.frontlinegold.com