Fronteer Gold Inc.
TSX : FRG
NYSE Amex : FRG

Fronteer Gold Inc.

August 18, 2010 07:00 ET

Fronteer Gold Inc.: Drilling Along Northern Extension Intersects 44.2 Metres of 10.14 g/t Gold at Long Canyon, Nevada

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 18, 2010) - Fronteer Gold Inc. (TSX:FRG)(NYSE Amex:FRG) provides an update on exploration and development activities at its Long Canyon gold project, including the reporting of significant intervals of high-grade oxide gold intersected northeast and southwest of the current resource area.

Long Canyon, Sandman and Northumberland gold projects comprise Fronteer Gold's development platform in Nevada. Long Canyon's 2010 program is multidisciplinary and focused on resource definition and expansion, as well as metallurgical, engineering, and environmental work necessary to advance the project toward production in the near-term.

EXPLORATION UPDATE

Drilling in 2010 is largely focused in the northern half of the deposit. Five drill rigs are currently operating on the property and more than 40,000 metres of the year's originally planned 45,000 metres have been drilled to date (an additional 15,000 metres of drilling is forecasted through November).

Drill result highlights from the northern part of the deposit include:

  • 10.14 grams per tonne gold (0.296 ounces per ton) over 44.2 metres, including 15.39 g/t (0.449 oz/ton) over 24.7 metres in LC529C;
  • 6.51 g/t (0.190 oz/ton) over 41.8 metres, including 20.00 g/t (0.584 oz/ton) over 11.0 metres in LC515C;
  • 8.48 g/t (0.248 oz/ton) over 20.3 metres in LC537C*;
  • 5.75 g/t (0.168 oz/ton) over 29.0 metres, including 13.54 g/t (0.395 oz/ton) over 9.1 metres in LC518.
  • 4.72 g/t (0.138 oz/ton) over 24.4 metres, including 14.32 g/t (0.418 oz/ton) over 2.7 metres in LC506C.

*Hole abandoned in mineralization due to poor ground conditions. Assays from successful re-drill pending.

In addition, new results indicate the deposit's growth potential to the southwest. Drilling 300 metres to the southwest of the resource area along trend returned several shallow intercepts, including:

  • 3.10 g/t (0.091 oz/ton) over 9.1 metres and 1.66 g/t (0.049 oz/ton) over 16.8 metres in LC560.

The deposit is now 2.7-km long and remains open for expansion. For a map highlighting recent drilling, please click: http://www.fronteergold.com/sites/files/fronteer_admin/LongCanyonDrillMap1027.pdf.

Five out of nine planned monitoring wells have also been installed at the project, with the remaining four to be completed by the end of August.

Four, 15-ton surface bulk samples and one three-ton large-diametre core sample have also been collected for large-column metallurgical testing. Run-of-mine, heap-leach conditions will be simulated.

Drill highlights

Hole ID From To Intercept Length Au Au
  (metres) (metres) (metres) (g/t) oz/ton
LC368C 18.2 45.4 27.2 4.29 0.125
LC484C 148.7 180.7 32.0 3.24 0.095
LC485C 212.4 215.5 3.1 1.71 0.050
and 241.7 247.5 5.8 2.53 0.074
LC491C 138.1 141.1 3.1 1.80 0.052
and 147.2 167.9 20.7 5.18 0.151
including 157.9 164.0 6.1 12.64 0.369
LC493C 125.3 153.9 28.7 3.65 0.107
including 137.8 142.6 4.9 9.28 0.271
LC498C 110.3 117.7 7.3 1.50 0.044
and 136.2 146.3 10.1 3.53 0.103
including 139.3 141.9 2.6 10.94 0.319
LC502 57.9 62.5 4.6 1.13 0.033
LC506C 102.7 127.1 24.4 4.72 0.138
including 107.0 109.7 2.7 14.32 0.418
LC515 85.0 126.8 41.8 6.51 0.190
including 101.8 112.8 11.0 20.00 0.584
and 135.0 137.0 2.0 2.49 0.073
LC518 163.1 192.0 29.0 5.75 0.168
including 175.3 184.4 9.1 13.54 0.395
LC519C 109.4 114.9 5.5 2.28 0.067
LC521CB 130.1 140.8 10.7 2.74 0.080
LC523 9.1 12.2 3.1 4.56 0.133
LC524C 197.2 201.6 4.4 1.75 0.051
LC525 239.3 280.4 41.2 2.17 0.063
including 257.6 265.2 7.6 5.52 0.161
LC526C 91.6 114.3 22.7 2.79 0.081
LC529C 159.4 203.6 44.2 10.14 0.296
including 174.7 199.3 24.7 15.39 0.449
LC537C 112.2 132.4 20.3 8.48 0.248
LC538 269.7 271.3 1.5 1.28 0.037
LC539C 266.2 269.1 2.9 1.38 0.040
and 282.9 295.4 12.5 6.27 0.183
including 286.1 288.3 2.3 14.82 0.433
LC558 27.4 38.1 10.7 2.87 0.084
LC560 9.1 18.3 9.1 3.10 0.091
and 74.7 91.4 16.8 1.66 0.049

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 are interpreted to be between 30-100% of the reported lengths. Intervals less than 1 g/t are not reported in this press-release table. "C" indicates a core hole. For a PDF of comprehensive drill results, including non-reportable intercepts, please click: http://www.fronteergold.com/sites/files/fronteer_admin/LongCanyonDrillResults1027.pdf

Fronteer Gold is majority owner (51%) and operator of Long Canyon in joint venture with AuEx Ventures (49%).

Moira Smith, P. Geo., Nevada Chief Geologist for Fronteer Gold, is the company's designated Qualified Person for this news release and has reviewed and validated that the information contained in the release accurate. Drill composites were calculated using a cut-off of 0.30 g/t. Drill intersections are reported as drilled thicknesses. True widths of the mineralized intervals are interpreted to be between 30-100% of the reported lengths. Reverse circulation cuttings were sampled on 5.0 feet (1.52 metre) intervals and core was sampled at geologically selected intervals. Drill samples were assayed by ALS Chemex (ISO9001:2000) in Reno, Nevada for gold by Fire Assay of a 30 gram (1 assay ton) charge with an AA finish, or if over 5.0 g/t were re-assayed and completed with a gravimetric finish. For these samples, the gravimetric data were utilized in calculating gold intersections. QA/QC included the insertion and continual monitoring of numerous standards and blanks into the sample stream, and the collection of duplicate samples at random intervals within each batch. Selected holes are also analyzed for a 72-element geochemical suite by ICP-MS.

ABOUT FRONTEER GOLD

We intend to become a significant gold producer. Our solid financial position and strong operational team give us the ability to advance our key gold projects through to production. Our future potential production platform includes our Long Canyon, Sandman and Northumberland projects – all located in Nevada, one of the friendliest gold-mining jurisdictions in the world. For further information on Fronteer Gold visit www.fronteergold.com.

Except for the statements of historical fact contained herein, certain information presented constitutes "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking statements, including but not limited to, those with respect to potential expansion of mineralization, potential size of mineralized zone, and size of exploration program involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievement of Fronteer Gold to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, risks related to international operations and joint ventures , the actual results of current exploration activities, conclusions of economic evaluations, uncertainty in the estimation of ore reserves and mineral resources, changes in project parameters as plans continue to be refined, future prices of gold and silver, environmental risks and hazards, increased infrastructure and/or operating costs, labor and employment matters, and government regulation and permitting requirements as well as those factors discussed in the section entitled "Risk Factors" in Fronteer Gold's Annual Information form and Fronteer Gold's latest Form 40-F on file with the United States Securities and Exchange Commission in Washington, D.C. Although Fronteer Gold has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Fronteer Gold disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Accordingly, readers should not place undue reliance on forward-looking statements.

NEWS RELEASE 10-27

Contact Information

  • Fronteer Gold Inc.
    Mark O'Dea
    President & CEO
    604-632-4677 or Toll Free 1-877-632-4677
    or
    Fronteer Gold Inc.
    John Dorward
    VP, Business Development
    604-632-4677 or Toll Free 1-877-632-4677
    or
    Fronteer Gold Inc.
    Glen Edwards
    Director, Communications
    604-632-4677 or Toll Free 1-877-632-4677
    www.fronteergold.com