Frontline Gold Corporation
TSX VENTURE : FGC

Frontline Gold Corporation

November 07, 2011 11:41 ET

Frontline Receives Drill Permit for its Menderes Gold Project, Izmir Province, Turkey

TORONTO, ONTARIO--(Marketwire - Nov. 7, 2011) -

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Frontline Gold Corporation (TSX VENTURE:FGC) ("Frontline" or the "Company") has received its drill permit for up to 2,500 metres of diamond drilling at its Menderes Gold Project ("Menderes") in Izmir province, western Turkey. Highlights include:

  1. Several drill targets identified and permitted;
  2. Up to 2,500 metres DD to begin early-December 2011;
  3. Part of a high potential epithermal gold environment; and
  4. Many untested gold-epithermal targets that can be drilled.

The Menderes property, located only 20 km from the provincial capital of Izmir, consists of 62 km2 in a high potential epithermal gold environment. The current exploration focus of Menderes is the eastern strike extension of Eldorado Gold Corporation's Efemcukuru gold mine which began operation in mid 2011.

The diamond drilling program of up to 2,500 metres is based on a compilation and integration of all exploration data to date. Drill holes will test simultaneously:

  1. The extension of Kokarpinar vein of Eldorado Gold which is a known epithermal vein system associated with a producing mine and is adjacent to Frontline's permit boundary on the west, with drill targets P4, P5 and P8 (see Figure); and
  2. A newly-discovered epithermal vein system (approximately 1 km in strike length), with drill target P6 (see Figure), extending in NW-SE direction, which is compatible with the main structural trends in the area.

Included within the current drill program are drill targets, P1, P2, P3 and P4 (see Figure below) that will test an IP anomaly which is described as "very strong", covers an area 400 m wide by 300 m long and is located in the northern part of the grid. The IP anomaly is associated with a moderate resistivity 'low' and is open to the east and west. Two sources of the anomaly have been interpreted. The IP anomaly correlates with anomalous geochemical Au values, and an old mine tunnel (adit) driven into the southern anomaly.

JVX Ltd., in its independent review of the IP/Resistivity survey, recommended a drilling program consisting of seven drill holes totaling 2,350 metres, as previously discussed in Frontline's news release date August 23, 2011.

Frontline is evaluating a number of drill contract proposals with an expectation that drilling will start in early December 2011 upon closing of the current financing.

Frontline Gold Corp.'s President and CEO Walter Henry comments "We are extremely pleased to receive the drilling permit for continued exploration on the Menderes Project. The positive results of the prior soil and geochemical sampling, and the identification of two IP anomalies associated with gold mineralization only 1.2 km east of a producing mine, the advisability of an expanded soil and geochemical sampling program, (see news release October 18, 2011), and the planned diamond drilling program on the Menderes Project is easily understood."

Summary of 2011 Exploration work completed at Menderes Gold Project

Soil Geochemistry

The soil and geochemical sampling has been completed over a 4 km2 area, with 1,069 soil samples and 68 rock chip samples collected since March 2011. Analysis of the results of the soil samples is complete and a soils geochemistry map of gold anomalous areas has been prepared. The highest anomalous soil sample is 0.179 ppm Au; the highest anomalous rock sample is 2.83 g/t Au. In addition, two new silicified zones were discovered; the first is 1 km in length, the other is in 500 m length (see attached map Frontline Gold -- Menderes Project). Both zones are NW-SE trending.

Three distinct structural zones located in the northeast, central and southwest regions of the Menderes property are interpreted from the soils geochemistry. Additionally, soil geochemistry plots of soil samples anomalous for manganese and silver further supports the identified target structures, and the three structural zones also appear to overlap the geological structures mapped previously (new release May 26, 2011).

To date, two ancient workings were uncovered within the newly discovered silicified trends, prospecting and mapping is ongoing. Additional ancient workings were also discovered in producing veins, adjacent to Menderes, during exploration and drilling programs by the Turkish Geological Survey and the current operator of the producing veins. Mapping has outlined epithermal vein systems and the ancient workings are on the trend of these mapped veins. Assays of rock and soil samples yielded some significant anomalous Ag, As, Cd and Mn values. One soil sample had 15.6 g/t Ag, with very low Pb and Zn sample values, suggesting that the working area is located in an uneroded upper part of the standard epithermal model. The elevation difference (approximately 500 metres) between currently producing veins and the recently discovered silicified structures in the Company's Menderes Project suggests that higher Au hosted portions of the vein may be found at depths up to 350 metres below surface. The precious metal ore zone has a restricted vertical interval, ranging from 100 metres and 350 metres below the surface.

IP/Resistivity Geophysical Program

As highlighted in Frontline's August 23, 2011 news release, Frontline completed an IP/Resistivity geophysical program consisting of four north-south lines at 200 m spacing totaling 12 line-kilometres. In addition JVX Ltd. ("JVX"), who was retained to review the dated from the IP/Resistivity survey, identified two IP anomalies which were located by the survey, one of which is on strike 1.2 km east of the producing gold mine.

An IP anomaly located on the northern part of the grid, is described as "very strong" and covers an area 400 m wide by 300 m long. The IP anomaly is associated with a moderate resistivity low and is open to the east and west. Two sources of the anomaly have been interpreted. The IP anomaly correlates with anomalous geochemical Au values, while an old mine tunnel (adit) driven into the southern anomaly.

There is also a southern anomaly located in the middle of the grid is medium in strength and is associated with a weak resistivity high on its southern flank. This anomaly correlates with anomalous soil geochemical Au values and a 2.83 g/t Au grab sample was taken from an outcrop within the anomaly, as previously mapped in Frontline's news release dated June 29, 2011. In addition an old mine tunnel (adit) is located on the northern flank of the IP anomaly.

About Frontline's Menderes Gold Project

Frontline, through its 90% owned Turkish subsidiary, holds the Menderes Gold Project, a 6,194 ha (62 km²) contiguous land package located near the village of Efemçukuru, in Izmir Province, Western Turkey. The permits that make up the Menderes Gold Project were acquired for their excellent potential to host low to medium sulphidation, gold-mineralized epithermal vein systems similar to those found in other properties in the area.

About Frontline Gold Corporation

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 properties include the Niaouleni gold project in the heart of Mali South in West Africa's prolific gold belt and the Menderes gold project in the Izmir province of Western Turkey. Ongoing Canadian exploration includes the Poly (gold), the Stewart (gold-copper polymetallic) the Red Lake (gold) projects.

For further information, please visit the Company's website at www.frontlinegold.com to view the most recent corporate presentation and updated news on the Company's Menderes project.

The Qualified Person under National Instrument 43-101- Standards of Disclosure for Mineral Projects ("NI 43-101") is Gregory P. Isenor, P. Geo., 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.

To view the figure associated with this press release, please visit the following link: http://media3.marketwire.com/docs/FGC_Figure.pdf.

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