Frontline Gold Corporation
TSX VENTURE : FGC

Frontline Gold Corporation

November 29, 2010 09:57 ET

Frontline Gold Reports 2010 Results from Poly Project, Stewart Gold Camp, NW British Columbia

HALIFAX, NOVA SCOTIA--(Marketwire - Nov. 29, 2010) - Walter Henry, President and CEO of Frontline Gold Corporation ("Frontline") (TSX VENTURE:FGC) announces that the 2010 results from the Poly Project continue to delineate the precious and base metal VMS environment on the Property.

The Mobile Metal Ion (MMI-M) soil survey has expanded the historic, zoned Au-Ag-Cu-Pb-Zn anomaly to the west and the northwest, where it remains open for further extension. The results have been interpreted by Dr. Mark Fedikow (2010) as follows:

The important multi-element MMI anomalies are interpreted as reflecting the geochemical signature of depositional products originating from an active hydrothermal system in which a protracted depositional history of fluid flow and mineralizing processes produced a significant mineralized zone. The bedrock-hosted mineralized zone is interpreted to be significant based on the magnitude and the intensity of the anomaly-forming elements and their MMI-ME responses. The easternmost base metal anomaly appears to be well-constrained by the 2006-2010 surveys and attains maximum dimensions of approximately 400 m in a northwest orientation with widths of up to 100-150 m. The westernmost base metal anomaly has not been truncated by sampling and extends to the northwest along a northwest-trending long axis. It currently has a length of about 200 m and a width of about 150 m. From the disposition of the two distinctive base metal anomalies, the potential exists for stacked lenses of base metal massive sulphide-type mineralization. Alternatively, the two base metal geochemical anomalies are related by way of deformation and folding or they could be a single mineralized zone dissected by a more or less north-trending fault.

The 2010 Geotech VTEM survey has identified a number of bedrock EM responses to the west of the MMI-M geochemical anomalies referenced above. They include a classic, isolated VMS type target with strong magnetic association, and the Central Zone of conductors, which consists of at least 4 EM targets with magnetic response. The EM anomalies provide important focus for the location of the source areas of the postulated sulfide mineralization reflected by the MMI-M anomalies.

Helicopter reconnaissance carried out late in the field season discovered a large gossan zone, the SP Zone, exposed by a receding glacier. Such oxidized zones are often associated with the most important mineralization in the Camp. Although the SP Zone could not be sampled in 2010, historic sampling on a small gossan zone (the Breccia Zone) on the edge of the Poly Property, about 2.5 km SW of the SP Zone, returned values up to 6.78 g Au/t and 2.2% Zn over 14.5 m, and 12 g Au/t over 9.4 m. Great Bear Resources Ltd. (Sept. 30, 2010 Press Release), in its exploration efforts on and in the vicinity of the BA VMS deposit, located about 5 km west of Poly, reported a new massive sulfide discovery on its ground (values up to 51.6 g Ag/t, 5% Pb and 2.4% Zn in mineralized scree) apparently about 3.5 km SW of the SP Zone, near the SW corner of the Poly Property.

The Poly Property is located about 35 km east of Stewart and the precious metal VMS exploration targets are bisected by the Stewart Highway 37A and the Stewart Powerline. Historic interest was first generated in the project when 49 sulfidized rock and float samples collected from and in the vicinity of the X Zone horizon averaged 13.1 g Au/t, 607.6 g Ag/t, 0.28% Cu, 0.24% Pb and 0.52% Zn. Historic drilling on the X Zone returned up to 3.1 g Au/t, 26.8 g Ag/t, .05% Cu, 0.17% Pb and 0.96% Zn over 4.9 m including 5.2 g Au/t, 49.2 g Ag/t, 0.09% Cu, 0.31% Pb and 1.8% Zn over 2.6 m. The X Zone, located in the NE area of the Property, was traced south into the Strohn Valley, which led to the discovery and pursuit of the principal targets referenced above.

The Property comprises about 3281 hectares and Frontline Gold has the option of earning an initial 100% interest by making share, option and exploration expenditures. The 2010 exploration program was supervised by Geofine Exploration Consultants Ltd. under the direction of David Molloy, P.Geo. A 2011 follow-up program including diamond drilling is currently being formulated.

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