Frontline Gold Corporation
TSX VENTURE : FGC

Frontline Gold Corporation

October 18, 2010 09:56 ET

Frontline Announces NI 43-101 For Its Niaouleni Gold Project

HALIFAX, NOVA SCOTIA--(Marketwire - Oct. 18, 2010) - Walter Henry, President and CEO of Frontline Gold Corporation ("Frontline")(TSX VENTURE:FGC) announces a NI 43-101 geological report on Frontline's Niaouleni Gold Project has been received from independent consultants ACA Howe International Limited ("ACA Howe").

The ACA Howe Report

Frontline has received the impendent report dated August 29, 2010 (the "Report") from ACA Howe. "Howe concludes that extensive zones of gold mineralisation have been outlined to date, at Lebre Plateau, Niaouleni South, Kankou Moussa and Goingoindougou..." and that "Frontline's work to date has successfully identified various areas of gold anomaly remote from the artisanal operations that indicate that the property has considerably more potential than hitherto recognised. A systematic programme of follow-up surveys and RAB and diamond drilling, is required to advance the project to modern resource status."

ACA Howe notes that "There is significant alluvial gold potential on the property and this could form a readily exploitable asset that could provide an early cash flow" but nevertheless concludes that "...Frontline's initial and principal target should remain the hard rock potential of the property."

ACA Howe has recommended a C$2,397,200 two-phase exploration program designed to delineate the mineralisation trends in the known mineralised areas and to advance those areas to initial resource delineation. Areas remote from the known mineralisation will also be tested.

The first phase, including 10,605 metres of RAB drilling and 10 line-kilometres of geophysical surveys (IP and magnetometer), is estimated at C$604,750; the second phase, contingent on Phase 1 results and including 7,000 metres of RAB drilling, 20 line-kilometres of geophysical surveys and 5,000 metres of diamond drilling, is estimated at C$1,792,450.

With its Niaouleni Gold Project in West Mali, the expanding land position at Efemcukuru in Turkey, the Poly and Stewart gold properties in British Columbia, and the Red Lake gold prospects in Ontario, Frontline is re-positioning itself as a pure-gold exploration company.

The complete ACA Howe Report will be filed on SEDAR.

Frontline has an experienced management group, a solid exploration team and a promising portfolio of gold exploration projects offering investors an excellent opportunity.

Please visit our website at www.frontlinegold.com for the most recent presentation.

On Behalf of the Board

Walter Henry, CFA, ICD.D., President & CEO

This press release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Frontline Gold Corporation
    1550 Bedford Highway, Suite 802, Sun Tower
    Bedford, NS B4A 1E6
    (902) 832-5555
    (902) 832-2223 (FAX)
    info@frontlinegold.com