• Freitag, 15 November 2024
  • 06:30 Uhr Frankfurt
  • 05:30 Uhr London
  • 00:30 Uhr New York
  • 00:30 Uhr Toronto
  • 21:30 Uhr Vancouver
  • 16:30 Uhr Sydney

Frontline Gold Provides an Update on the 2011 Exploration Programs at the Poly and Stewart Projects in the Stewart Gold Camp, NW BC

12.01.2012  |  Marketwire
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

TORONTO, ONTARIO -- (Marketwire - Jan. 12, 2012) - Frontline Gold Corporation (TSX VENTURE: FGC) ("Frontline" or the "Company") is pleased to provide an update on the 2011 exploration programs on the Poly and Stewart Properties in the Stewart Gold Camp of NW BC.


POLY PROJECT:

Field work on Poly was completed in October 2011 and included the analysis of approximately 1,570 soils by MMI (Mobile Metal Ions) and SGH (Soil Gas Hydrocarbons), rock, stream sediments, conventional soils and check samples from 8 segments of the property ( Upper, Lower, Classic, Central, Central North, Swimming Pool, Lord Nelson Ridge, Lord Nelson Valley). Four drill holes totaling approximately 1,170 m were completed and 846 core and check samples were analyzed. The exploration target is an Eskay Creek type, precious metal volcanogenic massive sulfide (VMS) deposit in close proximity to infrastructure.

As reported in the July 24, 2011 press release and as interpreted by Dr. Mark Fedikow, the results of MMI sampling on the Lower Grid (LPG) and Central Grid (CG) define a major base and precious metal anomaly on the Poly Property (See attached Google Earth Map "Map"). The MMI anomaly on the LPG has a strike length of about 1 km in proximity to the Stewart Hwy 37A and power line. The apparent western extension of the anomaly on the CG suggests a potential strike length of over 2 km. The anomaly now includes a gold response over a 250 by 100 m area in the northwestern area of the LPG.

The 2011 drill program included the first drill test of two, 2010 VTEM airborne anomalies as possible precious and base metal feeder zones to the postulated VMS deposit signatured by the MMI anomalies. Hole DDHP11-02 tested the Classic VTEM anomaly and was collared about 230 m south of the MMI anomaly on the LPG (see Map). Favorable structural fabric and intense alteration with ubiquitous sulfides were intersected over most of the 370 m core length. The hole returned many anomalous gold values up to 369 ppb Au over 1.67 m (46.63 - 48.3 m) and 191 ppb Au over a 4.82 m core length (74.68 - 79.50 m); numerous anomalous Cu values e.g., 0.1% Cu over 3.59 m core length (92.06 - 95.65 m); and, some anomalous Zn values e.g., 0.1% Zn over a 8.03 m core length (307.2 to 315.23 m).

As described by Dr. Fedikow, the character and style of the alteration and mineralization in DDHP11-02 is typical and characteristic of a footwall plumbing system or a feeder zone developed in what is likely the footwall to a large volcanogenic massive sulfide-type deposit. The feeder zone could thus be an important source for the VMS mineralization postulated to be associated with the MMI anomaly on the LPG.

The Central VTEM anomaly was apparently explained by graphitic mudstones intersected in DDHP11-04 (see Map). However, undercut hole DDHP11-03 intersected the target Hazelton Group rocks with weakly anomalous gold values from a number of alteration zones over core lengths of up to 18.7 m.

DDHP11-01 was spotted on the Upper Grid to follow-up historic intersects of up to 3.1 g Au/t, 26.8 g Ag/t, 0.05% Cu, 0.17% Pb and 0.96% Zn over 4.9 m including 5.2 g Au/t, 49.2 g Ag/t, 0.09% Cu, 0.31% Pb and 1.8% Zn over 2.6 m. The hole intersected metal values ranging up to 477 ppb Au and 9.3 g Ag over 0.73 m; and, 259 ppb Au, 4.0 g Ag and 0.25% Zn over 0.9 m. DDHP11-01A, planned to test the zones at a depth, was negated by the onerous 2011 fall weather.

The MMI anomalies on the LPG and CG shown in Map currently constitute the principal exploration target on the Poly Property. In view of the substantial size of the target and the deep, conductive overburden conditions, the SGH procedure is being carried out by Actlabs on 155 of the 2011 MMI samples to delineate 2012 drill hole parameters and priorities.

Compilation of 2011 results from the Swimming Pool Grid (SPG) and the Lord Nelson Tenures (LNT, under option from Teuton Resources), is also under way in order to prioritize a number of apparent 2012 drill targets.


STEWART PROJECT:

Frontline's gold-copper porphyry project, the Stewart Property, straddles Hwy 37 approximately 10 km south of Bell 2 and is contiguous with Pretivm Resources' major landholding that includes the Snowfield porphyry deposit. The Stewart Project was subject to limited field work in 2011 due to the regional weather event. The currently proposed drill targets will be further prioritized based on the results pending from the 2011 surveys; and, from petrographic studies and whole rock analysis that are also being carried out on a number of historic drill core samples. The exploration target is a KSM type gold-copper porphyry deposit located in close proximity to Hwy 37 and the NW Transmission line that will be constructed through the Property.


About Frontline's Poly/Stewart Project

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 NW British Columbia. This is an evolving gold camp that hosts one of the world's richest Kuroko-type VMS precious metal deposits as well as one of the world's largest undeveloped Cu-Au porphyry deposits, KSM/Snowfield/Brucejack, with over 94 million oz of Au, 607 million oz of Ag and 14 billion 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 deposits as well as with Teuton/Sabina's tenures that host the Del Norte VMS trend. As far as the Stewart project is concerned, its western tenures are contiguous with the KSM (Seabridge Resources) and Snowfield/Brucejack (now Pretivm Resources) 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 Niaouleni gold project in the heart of Mali South in West Africa's prolific gold belt and the Menderes gold project in the Izmir province of Western Turkey. Ongoing Canadian exploration includes the Poly (gold), the Stewart (gold-copper polymetallic) and the Red Lake (gold) 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 for the Poly Project 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.



To view the map associated with this press release, please visit the following link:
http://media3.marketwire.com/docs/poly.pdf.

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 Corporation
Walter Henry
(416) 362-9100
(416) 362-9300 (FAX)
info@frontlinegold.com
www.frontlinegold.com
Bewerten 
A A A
PDF Versenden Drucken

Für den Inhalt des Beitrages ist allein der Autor verantwortlich bzw. die aufgeführte Quelle. Bild- oder Filmrechte liegen beim Autor/Quelle bzw. bei der vom ihm benannten Quelle. Bei Übersetzungen können Fehler nicht ausgeschlossen werden. Der vertretene Standpunkt eines Autors spiegelt generell nicht die Meinung des Webseiten-Betreibers wieder. Mittels der Veröffentlichung will dieser lediglich ein pluralistisches Meinungsbild darstellen. Direkte oder indirekte Aussagen in einem Beitrag stellen keinerlei Aufforderung zum Kauf-/Verkauf von Wertpapieren dar. Wir wehren uns gegen jede Form von Hass, Diskriminierung und Verletzung der Menschenwürde. Beachten Sie bitte auch unsere AGB/Disclaimer!



Mineninfo
Frontline Gold Corp.
Bergbau
A1CUWX
CA35922K1066
Copyright © Minenportal.de 2006-2024 | MinenPortal.de ist eine Marke von GoldSeiten.de und Mitglied der GoldSeiten Mediengruppe
Alle Angaben ohne Gewähr! Es wird keinerlei Haftung für die Richtigkeit der Angaben und der Kurse übernommen!
Informationen zur Zeitverzögerung der Kursdaten und Börsenbedingungen. Kursdaten: Data Supplied by BSB-Software.