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Frontline Gold Confirms 4 Gold Structures at Niaouleni and Intersects 21.56 g/t Au Over 3 Meters Press Release Source: Frontline Gold Corporation On Tuesday February 22, 2011, 9:35 am EST HALIFAX, NOVA SCOTIA--(Marketwire - Feb. 22, 2011) - Frontline Gold Corp. (the "Company") (TSX VENTURE:FGC - News) is pleased to report that it has received all assay results from the Phase I diamond drill program on its 100%-owned Niaouleni Gold Project in Mali, West Africa. Diamond Drilling Assay Results The diamond drill program was comprised of 25 diamond drill holes totaling 3,287 metres. In addition to confirming previous historic drilling results and testing at depth Frontline's prior RAB results, the primary objective of the Phase I diamond drill program was verification of four known gold zones on the Niaouleni property, as follows: 1. Zone I located on the Lebre Plateau area has now been identified within a 100m x 80m area; 2. Zone II located on the Lebre Plateau, Niaouleni South and Kankou Moussa gold mineralized areas has been followed for a strike length of 1,400m with a width of 95m; 3. Zone III located on the Kankou Moussa area is identifiable on a 220m x 120m area; 4. Zone IV located in the Gouingouindougou active artisanal mining area approx. 4km south of the Kankou Moussa zone covering an area of 400m by 150m. Notes: Zones I - III form a 020 degrees trending gold corridor having a width in excess of 600m and a strike length of 1,400m within a North-South deformation zone. All zones are open in all directions. The following table lists the drill-hole intersections for each zone: ------------------------------------------------------------------------- WIDTH GRADE ZONE HOLE # AREA FROM (m) TO (m) (m) g/t Au ------------------------------------------------------------------------- I N-10-DD-013 Lebre Plateau 40.0 43.1 3.1 0.89 ------------------------------------------------------------------------- N-10-DD-014 Lebre Plateau 47.0 51.0 4.0 1.11 ------------------------------------------------------------------------- 122.0 125.0 3.0 1.27 ------------------------------------------------------------------------- II N-10-DD-002 Niaouleni South 30.5 36.5 6.0 10.20 ------------------------------------------------------------------------- 41.5 52.0 10.5 4.48 ------------------------------------------------------------------------- N-10-DD-003 Niaouleni South 82.0 84.0 2.0 7.94 ------------------------------------------------------------------------- Niaouleni South 56.5 57.5 1.0 4.11 ------------------------------------------------------------------------- 59.5 62.5 3.0 1.03 ------------------------------------------------------------------------- N-10-DD-011 Niaouleni South 12.6 15.6 3.0 21.56 ------------------------------------------------------------------------- N-10-DD-023 Niaouleni South 46.0 49.0 3.0 2.68 ------------------------------------------------------------------------- 82.0 83.0 1.0 19.6 ------------------------------------------------------------------------- 100.0 102.0 2.0 2.07 ------------------------------------------------------------------------- 139.0 144.5 5.5 1.60 ------------------------------------------------------------------------- N-10-DD-024 Niaouleni South 95.0 101.5 6.5 2.16 ------------------------------------------------------------------------- III N-10-DD-005 Kankou Moussa 67.0 69.0 2.0 0.43 ------------------------------------------------------------------------- IV N-10-DD-006 Gouingouindougou 0.50 4.7 4.2 1.11 ------------------------------------------------------------------------- 11.5 14.5 3.0 2.68 ------------------------------------------------------------------------- 94.0 95.0 1.0 2.29 ------------------------------------------------------------------------- 119.0 120.0 1.0 1.96 ------------------------------------------------------------------------- Based on the preliminary interpretation of the drill sections, the width of the gold mineralized intersections are believed to be close to the true width, except for hole N-10-DD-002 which may have encountered a down dipping mineralized zone. (See attached map) To view the map associated with this press release, please visit the following link: http://media3.marketwire.com/docs/fgcFig1222.pdf. Based on the results of the diamond drill program, Frontline's consulting geologists have developed a mineralization model that is similar to other gold deposits in the Birimian greenstone belt in Mali and other parts of West Africa such as Iamgold's Sadiola Mine. At Niaouleni, the gold mineralization appears to be associated with subsidiary fractures trending at 020 degrees within the regional North-South deformation zone that has affected most of the Birimian province. A similar model is reported to have been used for exploration at African Gold Group Inc.'s Kobada gold deposit located approximately 5 kilometers north of the Niaouleni property and on the same North-South mineralized trend. Assaying and QC/QA All field samples are delivered to the ALS Global Assay Lab in Bamako. The samples are assayed by the AU-AA26 method, consisting of a fire assay on a 50 g sample with an atomic absorption finish with a range of 0.01 to 100 ppm. Frontline has implemented a QC/QA program, which inserts alternately gold standards and blanks every 20 samples, and uses four standards with grades varying from 0.10 g/t Au to 3.52 g/t Au. Phase II - RC Drilling Initiated Frontline has initiated a RC drill program of up to 10,000 metres to test additional soil and termite gold geochemical anomalies associated with 020 degrees structures, and will continue to follow-up on drill targets identified by Phase I, including the gold intersections found in the 2010 RAB drilling and the 2010-2011 diamond drilling program results. Phase II program of 8,000 metres encompassing 7 RC fence lines will explore untested 020 degrees structures with coincident soil or termite gold anomalies. The remainder of the Phase II program will test known gold zones and other gold showings on the property. A total of 3,700 meters has been drilled to date, and results will be released as they become available. Frontline Gold Corp. (TSX VENTURE:FGC - News) is a Canadian junior mineral exploration company with an experienced discovery team and a proven record of accomplishment. The Company's flagship Niaouleni property lies in the heart of West Mali in Africa's prolific gold belt. Frontline is also advancing its gold projects in the Izmir province of Western Turkey, which consist of the Efemcukuru, Odemis, Ordu and Kure properties. Ongoing Canadian exploration includes the Red Lake (gold) and Stewart (gold-copper-polymetallic) projects. For further information, please visit the Company's website at www.frontlinegold.com to view the most recent corporate presentation and updated Niaouleni project photos. The Qualified Person under National Instrument (NI 43-101) Standards of Disclosure for Mineral Projects for this News Release is Gilles Laverdiere, consulting Professional Geologist and member of the Quebec Geologist Association, who has reviewed and approved its contents. 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 |
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| aus der Diskussion: | Frontline Gold ein reinrassiger Goldexplorer |
| Autor (Datum des Eintrages): | VodkaLemon (22.02.11 22:31:51) |
| Beitrag: | 10 von 24 (ID:41088004) |
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