Proactive investorsLogo Proactive Investors UK Website

Search field

1 year chart

digital-look imported chart image

1 day chart

digital-look imported chart image
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 ▼

Thursday September 02, 11:00Baobab Resources identifies distinct ore domain at Tete’s South Zone

Baobab MD Ben James said the latest drilling results from the Tete project's South Zone characterise a distinct, higher mass recovery, ore domain.

FULL ARTICLE ►

RSS - Subscribe to the News Today on Proactive AU ▼

Thursday September 02, 08:15Indonesia edges closer toward uranium mining and nuclear power

After nearly five decades of national debate on the issue, Indonesia's central government may finally be ready to develop a national nuclear policy, which may lead to domestic uranium mining.

FULL ARTICLE ►

RSS - Subscribe to the News Today on Proactive CN ▼

Wednesday September 01, 01:25Green Dragon Gas reports significant growth as China’s thirst for energy continues

China's thirst for energy resources has continued with an increased focus on domestic supplies of gas, Green Dragon Gas chairman Randeep Grewal said today. In the company's interim results, [...]

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.

Monday, December 21, 2009

Fronteer and AuEx continue to hit near surface gold mineralisation with infill drilling at Long Canyon

company news image

Fronteer Development Group (TSX&NYSE Amex: FRG) and AuEx Ventures (TSX: XAU) have announced new results from infill drilling at their Long Canyon gold deposit in Nevada, which included grades of up to 16.99 g/t (grammes per tonne) of gold, continuing to intersect near-surface oxide gold mineralisation.


The highlights of the drilling results from 22 infill holes included intersections of 20.7m (metres) grading 8.59 g/t gold, 10m at 16.99 g/t gold, 8.8m at 6.94 g/t gold, 5.9m at 7.60 g/t gold, 4.6m at 3.49 g/t gold, 11.7m at 2.33 g/t gold and 19.2m at 1.54 g/t gold.


The activities undertaken at Long Canyon over the course of the year included the completion of over 100,000 ft of core and reverse circulation drilling, significant metallurgical testwork to confirm the amenability of the deposit to conventional recovery techniques, geotechnical investigations for safe pit designs and the collection of data necessary for further permitting.


Over 40 core holes were drilled at Long Canyon during 2009 to provide subsurface samples of gold mineralization for metallurgical evaluation. Numerous column leach tests have been conducted from surface samples recovered in late 2008 and more tests are planned using this core to confirm the favourable metallurgical response indicated from that work.


The preliminary economic assessment announced earlier this month confirmed that Long Canyon possessed what the companies called “favourable project economics.” This assessment was performed using a gold price of US$800 per ounce, estimated initial capital costs of US$66 million, operating costs based on similar projects and metallurgical recoveries based on the ongoing Long Canyon metallurgical program.


The results of the assessment indicated a 6 year mine life producing an average of 93,000 oz/year at a cash cost of US$351/oz. The project generates a pre-tax IRR of 64%, a project payback of 1.3 years and a pre-tax NPV (net present value) of US$145 million. The resource used for this assessment did not include any drill results from 2009. An updated NI43-101 resurce estimate is planned to be completed in Q1 2010.


AuEx holds a 49% interest in the Long Canyon venture with Fronteer Development operates and owns the remaining 51%.

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.