Frontline Gold Corporation
TSX VENTURE : FGC

Frontline Gold Corporation

March 03, 2011 09:17 ET

Frontline Announces $500,000 Exploration Program at Efemcukuru

HALIFAX, NOVA SCOTIA--(Marketwire - March 3, 2011) - Frontline Gold Corp. ("Frontline") (TSX VENTURE:FGC) is pleased to announce commencement of a $500,000 exploration program at its 90%-owned Efemçukuru Gold Project located in Izmir Province, Turkey.

Frontline's Efemçukuru Gold Permits

Frontline, through its 90% owned Turkish subsidiary, holds 6,194 hectares (62 km²) located at Efemçukuru, Turkey as illustrated in the attached map.

To view the map, please visit the folowing link: http://media3.marketwire.com/docs/fgc303map.pdf

Frontline has a strategic alliance in Turkey with Aegean Gold Madencilik Ltd. Şti ("Aegean"), a Turkish corporation, for the acquisition and exploration of mineral exploration properties in Turkey whereby Aegean Gold assisted with the sourcing of new permits. Aegean owns the remaining 10% of Frontline's Turkish subsidiary.

Frontline's Efemçukuru Permits are contiguous to Eldorado Gold Corporation's ("Eldorado") project of the same name that consists of 2,262 hectares (22 km²), which currently hosts significant high-grade gold reserves and resources as listed below:

Proven +Probable Reserves 1,506,000 ounces Au 9.10 g/t
Measured + Indicated Resources 1,700,000 ounces Au 9.55 g/t
Inferred Resources 352,000 ounces Au 6.43 g/t
[Source: Eldorado Gold Corp. Technical Report dated August 1, 2007, available on www.sedar.com

Recent drilling by Eldorado on its Kokarpinar vein system, which strikes south-easterly towards Frontline's Efemçukuru property, has delivered impressive results. Eldorado's drill hole KV 355 is located approx. 500 metres along the vein system interpreted strike from the boundary of Frontline's property.

Background Geology & Mineralization of Eldorado's Nearby Efemçukuru Underground Gold Mine

In News Release dated June 17, 2010, Eldorado Gold reported the following information: "The Kokarpinar vein is parallel to and lies approximately 400 meters east of the Kestane Beleni vein, which contains a Proven and Probable Reserve of 1,506,000 ounces of gold. Six drillholes completed in late 2009 and an additional six drilled in the first part of 2010 have tested the previously undrilled central portion of the vein over a strike length of 600 meters. All drillholes intersected the vein at or near projected depths. The vein is dominated by coloform and crustiform banded rhodonite, quartz, and sulfide, texturally and mineralogically similar to the high-grade Kestane Beleni vein. Four of the holes have returned potentially economic grades and thicknesses. We are encouraged by the continuity of the vein and the presence of local high gold grades, and consider the significant untested portions of the vein to be highly prospective. Exploration drilling will continue along strike and down dip."

Eldorado's Kokarpinar vein significant drill-hole intersections from 2009/10 drill program:
Hole ID   From (m)   To (m)   Interval (m)   Avg grade Au (g/t)   Ag (g/t)   Pb (%)   ZN (%)
KV-344   230.10   232.55   2.45   1.90   11.5   0.1   0.3
KV-346
And
  257.00
258.88
  260.70
259.60
  3.70
0.72
  11.08
39.10
  7.7
18.4
  0.3
0.3
  0.6
0.5
KV-348
And
  293.10
299.25
  294.10
300.85
  1.00
1.40
  2.88
5.79
  4.1
56.6
  0.1
1.7
  0.1
4.2
KV-349   287.24   288.24   1.00   7.23   5.8   1.1   0.6
KV-352
And
  121.35
178.80
  122.64
179.25
  1.29
0.45
  1.16
0.75
  25.1
70.0
  3.4
8.3
  3.5
3.0
KV-355
And
  246.60
303.20
  247.22
306.30
  0.62
3.10
  18.80
12.02
  22.2
10.4
  0.5
bd
  0.7
bd
KV-357
and
and
  298.10
315.80
324.80
  301.67
317.80
325.91
  3.57
2.00
1.11
  .02
.07
.05
  6.5
22.7
22.1
  1.1
2.8
1.9
  0.9
5.3
3.9
"bd" denoted below detection. Assayed intervals represent approximate true widths.
[Source: Eldorado Gold Corp. News Release dated June 17, 2010, available on www.sedar.com]

"Gold and base metal mineralization in the Efemçukuru deposit is hosted in three north to northwest-trending epithermal veins, which crosscut hornfels, phyllites, and rhyolite dikes. The main vein, which is the focal point of this study, is the Kestane Beleni Vein. A second sub-parallel structure known as the Kokarpinar Vein outcrops approximately 450 m northeast of the Kestane Beleni Vein and the Mezarlik Tepe Vein is located approximately 500 m west of the Kestane Beleni Vein. The Mezarlik Tepe Vein has been treated as an extension of the Kestane Beleni Vein in previous studies, but is separated here for discussion purposes.

The Kestane Beleni vein is characterized by multi-stage breccias containing abundant wall rock and vein fragments, and to a lesser extent, layered vein textures. The vein was emplaced along an active fault system, and the abundant breccias are a result of fault induced hydro-fracturing within a dilational segment of the controlling fault. The vein has a sigmoidal form in plain view, the geometry of which supports oblique dextral and normal movement on the controlling fault system. Most vein intersections contain fault zones along one or both vein contacts, or internal to the vein itself. The position of these faults is difficult to predict, and they do not correlate easily between adjacent drill holes. They likely form an anastamosing network formed during post-mineral reactivation of the controlling fault.

The Kestane Beleni Vein has an approximate strike length of 1,100 m."

[Source: Eldorado Gold Corp. Technical Report dated August 1, 2007, available on www.sedar.com]  

Commentary About Significance of Eldorado's Nearby Efemçukuru Project

Frontline's President & CEO, Walter Henry, commented that "The potential of the Efemçukuru area of Western Turkey has been well-proven by Eldorado Gold." Henry further stated, "The recent exploration results from Eldorado Gold's Kokarpinar Vein have dramatically altered the landscape for Frontline, which added a sense of urgency to beginning exploration on this new ground."

Accordingly, Frontline has begun its $500,000 exploration program consisting of geological mapping, rock and soil sampling, trenching, and geophysics with subsequent drilling.

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 Efemcukuru, Odemis, Ordu and Kure properties. Ongoing Canadian exploration includes the Red Lake (gold) and Stewart (gold-copper-polymetallic) projects.

The Qualified Person under National Instrument (NI 43-101) Standards of Disclosure for Mineral Projects for this News Release is Greg Isenor, P. Geo., VP Exploration & Director of Frontline Gold Corp., who has reviewed and approved its contents.

For further information, please visit the Company's website at www.frontlinegold.com to view the most recent corporate presentation.

Walter Henry, President & CEO

FRONTLINE GOLD CORP.

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.

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