Frontline Gold Corporation
TSX VENTURE : FGC

Frontline Gold Corporation

December 02, 2010 08:54 ET

Frontline Gold Niaouleni Diamond Drilling Update

HALIFAX, NOVA SCOTIA--(Marketwire - Dec. 2, 2010) - Walter Henry, President and CEO of Frontline Gold Corporation ("Frontline") (TSX VENTURE:FGC) announces that diamond drilling is progressing according to schedule at Frontline's 100% owned Niaouleni Gold Project in Mali. 

The current phase of the drilling program is expected to total approximately 2,800 metres to the end of December 2010, at an estimated cost of C$800,000. To date, a total of 425 metres in four holes has been completed.

The program recommended by ACA Howe International Limited in their August 2010 NI 43-101 geological report on the Niaouleni Gold Project called for up to 5,000 metres of diamond drilling and up to 18,000 metres of RAB drilling, to follow-up on drill targets identified by the prior RAB drill program, including confirmation and verification of historical significant drill results.

"Our drill program is running on schedule and on budget" commented Frontline President and CEO Walter Henry. "We are also greatly encouraged by the significant drill results released over the past two weeks by African Gold Group ("AGG") from their Kobada Project. Three of AGG's holes are particularly pertinent for Niaouleni, as their drill program appears to extend the Kobada Deposit mineralization southward towards Niaouleni which is contiguous to the Kobada Property and along strike from the Kobaba Deposit: Hole RPA10-003 was reported at 44m @ 2.11 g/t Au, including 3m @ 19.30 g/t Au (hole ended in mineralization); RPA10-005 was reported at 37m @ 1.47 g/t Au, including 5m @ 7.48 g/t Au (hole ended in mineralization); and RPA10-006 was reported at 26m @ 1.09 g/t Au, (hole ended in mineralization). AGG's recent drilling now appears to be within four kilometres of our northern boundary; similarly, our drill program will include targets in our northern region."

With its 94 km² Niaouleni Gold Project in West Mali, expanding land position at Efemçukuru 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.

Frontline has an experienced management group, a solid exploration team and a promising portfolio of gold exploration projects offering investors exposure to a promising suite of gold exploration properties.

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