Proactive investorsLogo Proactive Investors UK Website

Search field
Additional information
Additional Information
Market: TSX, NYSE
Sector: General Mining
Epic: TSX:FRG
News: Latest news
Web Site: Fronteer Development Corp
Other Articles: 01-10-200922-07-200916-07-2009

RSS - Subscribe to the News Today on Proactive UK ▼

Monday March 15, 11:21Diamondcorp: a big cash injection and a lot of work to do

70% of the new money was raised from current shareholders, reflecting a hefty amount of faith in the management to deliver.

FULL ARTICLE ►

RSS - Subscribe to the News Today on Proactive AU ▼

Monday March 15, 08:34Robust Resources shares spike on record 82.5M gold-silver zone

The outstanding result came from hole LWD 062 which intersected gold and silver mineralisation over a drilled width of 82.5 metres. It is the widest intersection encountered by Robust in sixteen months of drilling to date.

FULL ARTICLE ►

RSS - Subscribe to the News Today on Proactive CN ▼

Monday March 15, 09:01China's growth boosting commodity prices

The latest economic figures from China have put pressure on the dollar and boosted a number of high-yielding currencies, including the Australian dollar and the South African rand.

FULL ARTICLE ►
Fronteer Development Corp

Fronteer Development Corp

Fronteer has interests in several major gold and copper-gold projects throughout Nevada, USA and northwest Turkey. The Company's key projects include a 100% interest in the Northumberland Gold deposits in Nevada; a 51% interest in Long Canyon, a  gold discovery in Eastern Great Basin, and Sandman, a property in which Newmont Mining has the option to acquire up to a 60% interest by advancing the project to a production decision by 2011.

In Turkey, as part of a joint venture with Teck Cominco, Fronteer has a 40% interest in a new mineral district that includes two gold deposits and a third copper-gold porphyry deposit.

Thursday, October 01, 2009

Fronteer Development & AuEx Ventures Extend Drilled Gold Mineralization at Long Canyon, Nevada

company news image

Dual listed Fronteer Development Group (TSX & NYSE: FRG) announced new gold drilling intercepts at the Long Canyon project in Elko County, Nevada, a joint venture with Canadian AuEx Ventures Inc (TSX: XAU) . The new drill results extend drilled gold mineralization by an additional 500m, and the results include average  grades of 0.089 ounces per US ton over 99.5 feet.

Fronteer is operator and holds 51% of in Long Canyon, while AuEx own the remaining 49%. The Long Canyon gold deposit consists of a series of multiple, parallel, north- to northeast-directed zones aggregating 800 to 1,000 feet in width with a current strike length of approximately 1.36 miles (2.2 km).

This most recent, 2009 drilling campaign took the form of step out drilling towards the southwest. Three new holes have returned near-surface oxide gold intercepts, demonstrating that the deposit is evolving and growing, Fronteer said.

The drilling highlights show that the closest of the step-out holes had the highest average grades at 3.06 grams per ton over 30.3 metres, including a higher grade concentration of 10.20 grams per ton over 5.6 metres in LC329C which was a 50-metre step-out hole.

The other two holes had average grades of 1.0 gram per ton over 12.2 metres and 1.65 grams per ton over 6.9 metres in the 400m step out LC311C hole and the 500m step-out intercepted an average of 2.57 grams per ton over 3.6 metres in LC303C.

According to the drilling update the Long Canyon gold deposit continues to grow within the 12,000 acre property. All mineralization encountered to date in the 2009 drilling program continues to be oxidized, shallow and open to extension.

The balance of this year's work-program will be focused on step-out drilling beyond the limits of the current resource area, as well as testing the mineralization potential at depth underlying the currently defined resource. Four drill rigs are currently turning on the property.

In addition to continuing exploration drilling, other activity underway includes further metallurgical evaluation based on large diameter ("PQ") core recovered earlier this year and preparation of a NI 43-101 compliant Preliminary Economic Assessment (PEA) which should be completed before year end.

An updated resource estimate for Long Canyon is planned for completion in the 1st quarter 2010 incorporating data from the 2009 drilling campaign.

AddThis Feed Button
Register here to be notified of future Fronteer Development Corp articles.

Other Fronteer Development Corp articles


Other Fronteer Development Corp news

More news ►

Investors interested in Fronteer Development Corp recently viewed


No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.