Re: News Release - Thursday, April 19, 2012
Title: Frontline Gold highlights planned 2012 Exploration Programs at its Poly and Stewart Projects in the Stewart Gold Camp, NW BC
Toronto, Ontario - (Marketwire April 19, 2012) - Frontline Gold Corporation (TSX-V:FGC) ("Frontline" or the "Company") is pleased to provide highlights for its 2012 exploration programs on the Poly and Stewart Properties in the Stewart Gold Camp of NW BC.
Stewart Project:
Based on the results of the 2011 exploration program on the Stewart Property, Geofine Exploration Consultants Ltd. (GFX) has recommended a 1500 m drill program on the Deltaic Grid to follow-up historic drill hole DDHDC07-03 (0.189 g Au/t, 0.074% Cu over 138.67 m, incl. 0.468 g Au/t and 0.11% Cu over 17.14 m and incl. 0.140 g Au/t and 0.17% Cu over 17.08 m); and, DDHDC96-02 (0.248 g Au/t, 0.094% Cu over 80.1 m, incl. 1.23 g Au/t, 0.16% Cu over 6.8 m; and, 0.262 g Au/t, 0.16% Cu over 24.4 m), see attached figure Stewart Project - 2012 A Zone Au-Cu Porphyry Drill Targets. The 2012 petrographic and whole rock study by Activation Laboratories Ltd. (Actlabs) indicates that the alteration assemblage in DDHDC07-03 (albite/orthoclase-sericite-muscovite-illite-pyrite-chalcopyrite) is proximal to the potassic core of the calc-alkalic porphyry system associated with the Delta Intrusion. The alteration assemblage from a second hole DDHDC07-04, located about 400 m to the southwest, is mainly characterized by sericite-muscovite-quartz-carbonate-pyrite-sphalerite-galena and is considered indicative of a more distal environment.
The proposed follow-up drill program on the A Zone would constitute a deep test of the system under and to the east of hole DDHDC07-03, as facilitated by the topography on the west side of Bear Valley; and, along strike and to the west of DDHDC07-03 where high mobile metal ion (MMI) soil gold-copper values are associated with increasing molybdenum and titanium values. The A Zone is associated with the North Fault and has been traced along strike by IP and soil geochemistry for about 800 m to the west. Weak VTEM anomalies and the results of the 2011 geochemical program suggest the target extends 2 km to the west, towards Hwy 37. Five additional priority follow-up target areas on the Property are signatured by magnetic and weak VTEM anomalies.
The proposed program at Stewart would be approximately $750,000 and would commence in early July as field conditions allow.
The Stewart Property is located in the Deltaic Creek area of NW BC has been expanded by staking to total about 297 square km. The western area of the project straddles Hwy 37 along which the Northwest Transmission Line is currently being constructed in proximity to the principal exploration target on the Property. The 2012 program has received all regulatory permits.
Poly Project:
GFX has also recommended a 1500 m drill program on the Poly Property to follow-up priority SGH (Soil Gas Hydrocarbons) gold and copper drill targets. The SGH analysis of the 2011 MMI samples identified a high priority drill target for gold on the Poly Grid; and, high priority gold and copper drill targets on the Cottonwood Grid within the MMI anomalies.
The SGH drill targets were delineated within the large, zoned VMS type MMI soil anamaly that extends across the lower Poly Grid and farther west to the Cottonwood Grid. The drill targets are confirmative of the importance of the MMI anomaly and are located in close proximity to infrastructure afforded by Stewart Hwy 37A and the Stewart Power Line.
The target mineralization on the Cottonwood and Poly grids may be associated with the VMS feeder zone located about 450 m to the south on the Classic Grid. The 2010 classic VTEM anomaly was tested by DDHP11-02 that intersected favourable hydrothermal alteration hosting numerous anomalous gold and copper values. Follow-up hole DDHP12-01 is proposed to test the target at a greater depth, such that both holes can be utilized for down-hole geophysics to vector towards the main concentrations of sulfides.
Whole rock analysis and petrographic studies are currently being completed on DDHP11-02 core to attempt to confirm the hole's position in the VMS system relative to the postulated sulfide depositional basin on the Lower Poly Grid. SGH analysis of additional MMI samples from the Lower Poly Grid is planned to generate additional 2012 high priority drill targets.
The proposed program at Poly would be initiated in July and would total approximately $750,000, with at least $200,000 of this program required to be spent on the Lord Nelson Tenures.
Frontline's gold-copper porphyry project, the Stewart Property, straddles Hwy 37 approximately 10 km south of Bell 2 and is contiguous with Pretivm Resources' major landholding that includes the Snowfield porphyry deposit. The Stewart Project was subject to limited field work in 2011 due to the regional weather event. The currently proposed drill targets will be further prioritized based on the results pending from the 2011 surveys; and, from petrographic studies and whole rock analysis that are also being carried out on a number of historic drill core samples. The exploration target is a KSM type gold-copper porphyry deposit located in close proximity to Hwy 37 and the NW Transmission line that will be constructed through the Property.
Both the Stewart and Poly 2012 exploration programs have received all regulatory permits. All programs are subject to financing.
About Frontline's Poly/Stewart Project
Frontline holds an option to earn and acquire up to a 100% in both the Poly and Stewart projects. The Poly and Stewart projects are based in the Stewart Gold Camp in NW British Columbia. This is an evolving gold camp that hosts one of the world's richest Kuroko-type VMS precious metal deposits as well as one of the world's largest undeveloped Cu-Au porphyry deposits, KSM/Snowfield/Brucejack, with over 94 million oz of Au, 607 million oz of Ag and 14 billion lbs 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 deposits as well as with Teuton/Sabina's tenures that host the Del Norte VMS trend. As far as the Stewart project is concerned, its western tenures are contiguous with the KSM (Seabridge Resources) and Snowfield/Brucejack (now Pretivm Resources) 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 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 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.
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�Walter Henry�
Walter Henry, President & CEO
FRONTLINE GOLD CORP. |
Contact: Walter Henry
Telephone: (416) 362-9100
Fax: (416) 362-9300
Email: info@frontlinegold.com
Website: www.frontlinegold.com
Frontline Gold Corp. (TSX-V: FGC)
67 Yonge Street, Suite 1102Toronto, Ontario M5E 1J8 |
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Copyright � 2012 FRONTLINE GOLD CORP. (FGC) All rights reserved. For more information visit our website at http://www.frontlinegold.com/ or send email to info@frontlinegold.com ..
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