TORONTO, ONTARIO--(Marketwire - March 7, 2013) -
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.
Frontline Gold Corporation (TSX VENTURE:FGC) ("Frontline" or the "Company") is pleased to announce the discovery of an auriferous environment on the Ridge Bowl Grid (RBG), located on the Lord Nelson Tenures (LNT), Poly Property. Below are the details:
- The 2012 exploration program was carried out to follow-up on positive results from the 2011 geological and geochemical surveys on the LNT Creek and Ridge Grids. With the 2012 discovery of stacked rhyolite stratigraphy in the footwall rocks of the LNX zone on the RBG (see October 2, 2012 news release), the 2012 surveys have substantially enhanced the exploration rationale for the potential of VMS precious metal type mineralization. The LNX zone is associated with an AeroTEM airborne anomaly that has a greater than 2 km strike length on the LNT and remains untested by diamond drilling.
- The 2012 surveys also outline an auriferous geological environment over a 500m strike length on the RBG with an anomalous multi-element signature (MES: Au-Ag-As-Sb +/- Cd, Cu, Pb, Zn, Mo) in stream sediment, soil and rock samples in the vicinity of the LNX Zone. For example, Au, Cu and As values in stream sediment samples range up to 138 ppb, 223 ppm and 280 ppm, respectively; in soil samples, up to 361 ppb, 347 ppm and 246 ppm, respectively; and, in rock, talus and boulder samples, up to 6.55 g/t, 5100 ppm and greater than 2000 ppm, respectively.
- The quality assurance process has indicated some variation in the higher Au values for example, 6.55 g/t and 3.86 g/t in sample 428316; 952 ppb and 803 ppb in sample 428326; and, 258 ppb, 527 ppb and 1090 ppb in sample 428369. Such variation suggests a free Au or Au-sulfide nugget effect.
- It is concluded that the LNX zone on the RBG is a priority drill target. The favourable environment also includes the strongly anomalous MES in soil and rock samples on the 2011 Ridge Grid, 300m to the east; and, in stream, soil and rock samples on the 2011 Creek Grid about 2 km to the south. The X-LNX Zone VMS target on the Poly Property is large, extending over a 7 km strike length from the X Zone on the Upper Poly Grid through the RGB to the LNT Creek Grid.
A 2013 follow-up drill program totaling 1200 m is recommended to test the LNX zone. The work would be carried out in conjunction with a similar program on the Lower Poly Grid, where a large VMS depositional environment associated with the X zone is postulated to exist near Hwy. 37A, about 40 km east of the Port of Stewart, BC.
The 2012 Poly program was carried out by Geofine Exploration Consultants Ltd. The work was supervised by David Molloy, P. Geo., who has reviewed this release and is the Qualified Person in compliance with National Instrument 43-101.
About Frontline's Poly/Stewart Projects
Frontline holds an option to earn and acquire up to a 100% interest in both the Poly and Stewart Projects. The Poly and Stewart Projects are based in the Stewart Gold Camp in northwestern British Columbia. This is an evolving gold camp that hosted one of the world's richest Kuroko-type VMS precious metal deposits, Eskay Creek, as well as one of the world's largest undeveloped Cu-Au porphyry deposit, KSM/Snowfield, with over 90Moz of Au, 444Moz of Ag and 20B lbs of 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 deposit as well as with Teuton/Sabina's tenures that host the Del Norte VMS trend.
Frontline's gold-copper porphyry project, the Stewart Property, straddles Highway 37 approximately 10 kilometres south of Bell 2 and its western tenures are contiguous with the KSM (Seabridge Gold Inc.) and Snowfield/Brucejack (now Pretium Resources Inc.) 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 Menderes gold project in the Izmir province of Western Turkey and the Niaouleni gold project in southern Mali in the heart of West Africa's prolific gold belt. Ongoing Canadian exploration includes the Poly (gold VMS) and the Stewart (gold-copper porphyry) 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 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.
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.