Fronteer Gold Inc.
OTC Bulletin Board : FTDGF

Fronteer Gold Inc.

May 12, 2005 12:34 ET

Fronteer Expands Gold Potential at Agi Dagi- Intersects 12.37 G/T Gold Over 8.40 Metres

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 12, 2005) - Fronteer (TSX:FRG) (OTCBB:FTDGF) (FWB:FRR) announced today that the current drill program has intersected a new zone of high grade gold mineralization at the Agi Dagi gold project in western Turkey. The first set of 2005 assays from the Deli gold zone returned 4.36 g/t gold over 39.0 metres including 12.37 g/t gold over 8.4 metres in hole AD-118.

Other recent results from the Deli zone are:

- 1.08 g/t gold over 50.7 metres including 2.23 g/t gold over 15.0 metres in hole AD-114, and

- 1.19 g/t gold over 46.4 metres including 2.45 g/t gold over 19.5 metres in hole AD-116.

Please see the table below for detailed results. For a map of the drill hole locations, please use the following URL:

Agi Dagi Drill Holes - Deli Gold Zone
Hole ID From (m) To (m) Interval (m) Au (g/t)
AD-114 34.7 85.4 50.7 1.08
inc. 60.6 75.6 15.0 2.23
AD-114 183.3 193.7 10.4 1.35
inc. 183.3 188.1 4.8 2.09

AD-116 52.2 98.6 46.4 1.19
inc. 77.0 96.5 19.5 2.45
inc. 82.7 89.4 6.7 4.06
AD-116 110.8 130.8 20.0 0.32
AD-116 158.6 181.4 22.8 0.49
inc. 163.9 171.7 7.80 0.83

AD-118 60.0 99.0 39.0 4.36
inc 80.0 88.4 8.4 12.37

The gold interval in AD-118 may represent a high grade feeder zone for the largely tabular and horizontal gold mineralization found throughout the Deli Zone. Fronteer will be planning additional step out drilling in the vicinity of AD-118 to determine the size, extent, and orientation of this high grade structure. The location of hole AD-118, on the western edge of the Deli zone, leaves significant room for the expansion of the zone for several hundred metres to the west and southwest.

This set of holes is the first of eight designed to test the Deli gold zone which Fronteer discovered in 2004. The holes were drilled on 50 metre spaced centres and are oriented at -60 degrees to the southeast. The main gold zone intersected in holes AD-114 and AD-116 is interpreted to be dipping shallowly to the west, with true widths estimated to be 90% of intersected widths.

An ongoing 8,000 metre drill program will also focus on expanding the Deli gold zone, as well as testing target areas on the southern half of the property. Fronteer anticipates completing the current program by September 2005 with the goal of advancing the Agi Dagi project to the resource definition stage by year end.

The Agi Dagi Property is one of two large gold properties in western Turkey that are under option to Fronteer from Teck Cominco Arama ve Madencilik Sanayi Ticaret A.S. The other property is called Kirazli, which is currently being advanced through a 6,000 metre drilling program.

The Company also has four exploration crews working in Chiapas, Mexico advancing twelve, 100% Fronteer owned gold projects.

In addition, Fronteer has an outstanding uranium portfolio in Labrador, with both historical resources and a series of untested near surface bulk tonnage targets. An exploration program is scheduled to commence in Labrador in June.

Assay results have been prepared under the guidance of Mr. Ian Cunningham-Dunlop P.Geo, who is designated as a Qualified Person with the ability and authority to verify the authenticity of and validity of this data. All samples were analyzed by ALS Chemex, North Vancouver, BC, using ICP-AES and fire assay.

This News Release includes certain "forward looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve that involve various degrees of risk. The following are important factors that could cause Fronteer's actual results to differ materially from those expressed or implied by such forward looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital.

Contact Information

  • Fronteer Development Group Inc.
    Mark O'Dea
    President & CEO
    (604) 632-4677
    Fronteer Development Group Inc.
    Rick Valenta
    VP Exploration & COO
    (604) 632-4677
    Fronteer Development Group Inc.
    Dan McIntyre
    Corporate Communications
    (604) 632-4677