Fronteer Hits More Gold 'Off-Trend'
VANCOUVER, BC - Fronteer Development Group Inc. reported that initial drilling at its Kilgore Basin ("KB") project in Nevada has intersected encouraging oxide gold mineralization, expanding the prospectivity of the Company's emerging 400,000-acre Eastern Great Basin ("EGB") portfolio.
Fronteer's EGB portfolio covers a vast and near contiguous region in northeastern Nevada and northwestern Utah. Previous to Fronteer's acquisition, the EGB land package received little exploration attention owing to its distance from Nevada's established gold trends and its largely privately-held ownership status. In addition to KB, Fronteer's EGB portfolio includes Long Canyon.
KB has not been explored for more than 20 years. Historical work includes approximately 40 holes outlining a zone of gold mineralization, the limits of which are still unknown. New results from three reverse circulation holes both confirm historical mineralization and indicate gold within the EGB occurs in a variety of geological settings beyond areas previously tested by drilling.
Highlights from Fronteer's Phase I program include:
• 0.70 grams per tonne gold (0.020 ounce per ton) over 16.7 metres (55 feet) in confirmation hole FKB004.
• 0.70 g/t (0.021 oz/t) over 3.1 metres (10 feet) in FKB005, drilled 4.5 kilometres (2.8 miles) south of the historical KB target, intersecting a strong zone of silicification and brecciation.
• 0.5 g/t (0.015 oz/t) over 13.7 metres (45 feet) in confirmation hole FKB003.
Assays are pending from two diamond-drill core holes further testing historical drilling. Silver and base metal values are pending for FKB005.
Fronteer has completed RC drilling, core drilling, geological mapping, surface rock-chip sampling, grid soil samples and acquired additional property within the project area in 2008.