Drilling Extends Strike Of High-Grade Gold At Long Canyon

VANCOUVER, BC - Fronteer Development Group Inc. reported that drilling has extended oxide gold mineralization at Long Canyon, further defining Nevada's newest gold trend. Additional diamond holes from Long Canyon's 2007 Phase 2 drill program have intersected significant gold grades and extended high-grade mineralization to the northeast.
"Long Canyon represents an outstanding platform for growth through discovery and is a key exploration focus among our portfolio of Nevada gold projects for 2008," says Fronteer President and CEO Dr. Mark O'Dea.
Highlights from two holes include: ¥ 0.09 ounces per ton gold (3.14 grams per tonne) over 107 feet (32.6m) in hole LC066C; ¥ 0.12 ounces per ton gold (4.11 grams per tonne) over 90 feet (27.4 m) in hole LC067C. These two holes were drilled approximately 80 metres to the northeast of hole LC063C, which intersected 0.88 ounces per ton gold (30.10 grams per tonne) over a true thickness of 23 feet (7.0 metres), within a broader zone that returned 0.39 ounces per ton gold (13.40 grams per tonne) over a true thickness of 75 feet (22.9 metres).  A third hole, LC065C, returned 0.02 ounces per ton gold (0.72 grams per tonne) over 5 feet (1.5 metres).
Fronteer's 2008 exploration program will both extend and further define Long Canyon's high-grade mineralization, with the goal of producing the project's first resource estimate by year-end. Long Canyon's aggressive US$3M exploration program will include 16,000 metres of drilling, as well as additional geophysical surveys and district-scale exploration. Drilling will test the northeast, southwest and depth extensions of the Main Zone, the West Zone, and additional targets within the project's 6,500-hectare area.
Long Canyon shows near-surface mineralization similar to famous Carlin-style gold deposits. Gold mineralization is strongly oxidized, and occurs in stratabound zones and fault and collapse breccias, hosted in a sequence of lower Paleozoic shelf carbonates.
Long Canyon is under option from AuEx Ventures Inc. ("AuEx") (CDNX:XAU.V - News). Under the terms of the option, Fronteer is the operator and may earn a majority interest (51%) by investing $5 million over a five-year period. Fronteer may earn an additional 14% by advancing Long Canyon through feasibility.
The company's address is Suite 1650, 1055 West Hastings, Vancouver, BC V6E 2E9, 604.632.4677, fax: 604.632.4678, email: [email protected].