http://www.frontlinegold.com
Börsenwert: 12,4 Mio. CAD
Cash: ca. 5 Mio. CAD (inkl. Einnahmen aus abgeschlossenem Private Placement)
Investments: 5 Mio. Aktien von Merrex Gold (TSX: MXI) aktueller Wert 3 Mio. CAD
Rund 50% aller Aktien in festen Händen v. Management und Institutionellen
Vor kurzem 3,7 Mio. CAD durch eine Privatplatzierung eingenommen
Hauptprojekt "Niaouleni" in Mali
Derzeit Bohrphase über rund 2.800 Meter. Per 02. Dezember bereits 4 Bohrlöcher bzw. 425 Meter abgeschlossen. Ergebnisse noch ausstehend.
The Niaoulini Project lies in the south western region of Mali in Africa's Gold belt. Mali is the third largest gold producing nation in Africa with a long history of gold exploration and production. Access from Bamako, the capital of Mali, is a 200 kilometre drive. The Niaoulini area is one of the oldest artisanal workings in Mali, dating back to the fourteenth century. Frontline currently has exploration permits for 94 square kilometres of outlying areas across these workings.
Within the general geographic area, there are approximately 12 operating mines surrounding Niaoulini which makes the economics of a mine very viable. Niaoulini sits between the 6.4Moz Lero mine and the 5.9Moz Morila mine. Soil sampling has revealed a number of significant gold anomalies close to artisanal workings as well as in areas with limited or no workings.
This property has had extensive exploration programs conducted over the past 20 years including mapping, pitting, trenching, geophysical surveys as well as some limited drilling (approximately 5,000 metres). Four principal areas of alluvial and hard rock mineralization were found. The ground is underlain by rocks of the Birimian Group, which is divided into the Mako Series volcanic and pyroclastic sedimentary rocks. The area underlain in Niaoulini is Diale met-sediments. The main focus of early work will be on a 12 kilometre long gold anomaly stretching from north to south, just below the AGG 500,000oz gold discovery.
Immediate plans for Frontline include completion of a NI43-101 report by compiling past data on the property from previous work programs. In the short term, Frontline also plans to continuing with soil/termite mound sampling, mapping and geochemical work. RAB drilling targets will be selected for drilling in early 2010. We are also looking for consolidation opportunities with other juniors in the area.
http://www.frontlinegold.com/s/Niaouleni.asp
Goldprojekt in der Türkei
Frontline acquired the Turkish property package from Merrex Gold Inc. Early in 2008, Merrex entered into a strategic alliance with partner Aegean Gold Madencilik Ltd., a Turkish corporation, for the acquisition and exploration of mineral properties in Turkey. The purpose of the alliance is to function primarily as an "incubator" for projects in western Turkey, undertaking initial exploration activities, with a view to finding joint venture partners for all Turkish exploration permits.
To date, eight exploration permits in four regions have been secured: Efençukuru (two permits of 2244 hectares), Odemis (two permits totalling 2850 hectares), Ordu (one permit of 1559 hectares) and Kure (three permits totalling 3954 hectares).
Of particular significance is the Efençukuru permit, which is contiguous to the south of Eldorado Gold's 30 square kilometre Efençukuru Project which has a reported proven and probable reserve of 3,875,000 tonnes grading 10.04 grams per tonne gold totalling 1,221,000 ounces of contained gold and has reported drill intersections as high as 41.54 g/t gold over 35.3 metres and 218.6 g/t gold over 5.6 metres.
Initial work will consist of geological research, data compilation, prospecting, sampling, trenching and pitting, mapping, assaying and report preparation, and will include an initial evaluation of all concessions. The primary objective will be to identify those concessions with superior prospects and identify future drill targets.
http://www.frontlinegold.com/s/Turkey.asp#maps
Stewart und Poly Projekt, Stewart Gold Camp, Northwestern British Columbia
Auf beiden Gebieten sollen in 2011 Arbeiten stattfinden.
The Stewart Gold Camp in north western British Columbia is an emerging, world class mining district that offers discovery opportunities for major gold-copper and precious metal polymetallic deposits and is attracting significant exploration investment. The Hazelton stratigraphy hosts a variety of prominent historic deposits, including Granduc (Besshi-type VMS), Premier Silbak (epigenetic, intrusive related), and Eskay Creek (Kuroko-type precious metal VMS). Recently attention has focused on immense gold-copper porphyry deposits such as Snowfield/Kerr-Sulphurets-Mitchell and on new VMS environments in proximity to the Stewart Highway corridor (Todd Creek, Decade, BA, Poly, and Surprise).
Strategic infrastructure such as the fall 2010 construction of the Northwest Transmission Line and the ice free Port of Stewart will facilitate the cost-effective and efficient development of 11 possible mining projects and the on-going shipment of concentrates to global markets. A near-term investment of $15 billion and the creation of 11,000 new jobs are anticipated. The participation of First Nation communities in exploration and mining development ensures sharing of the economic benefits by all stakeholders. The evolution of the Stewart Gold Camp is enhanced by environmental change; as ice fields and glaciers retreat, significant new exploration targets are recognized and important discoveries are made each year. The immediate economic implications are well illustrated by Seabridge's 2010 discovery of the Iron Cap deposit immediately adjacent to the Mitchell Zone.
http://www.frontlinegold.com/s/PolyStewart.asp
Red Lake Projekte, Ontario
Frontline's Red Lake properties comprise seven claims groups totalling 230 individual claims located approximately 80 kilometres east-northeast of the town of Red Lake, Ontario. The properties are known as: Shabumeni (118 claims), East Swain (16 claims), Shabumeni River (16 claims), Skinner (32 claims), Women River (30 claims), Premier Lake (9 claims) and Confederation Lake (9 claims). The Red Lake Properties cover a geological environment similar to that of the prolific Red Lake gold belt.
Previous exploration by Jilbey Gold in 2003 comprised airborne magnetic and electromagnetic surveys followed up by ground magnetics, soil and rock sampling, and mobile metal ion (MMI) soil geochemistry.
Recent work completed by Merrex Gold Inc. has yielded grab samples grading up to 30, 24, and 22 g/t Gold.
http://www.frontlinegold.com/s/RedLake.asp