Frontline Gold Corp.: New Gold Discovery and Resumption of Diamond Drilling at Niaouleni, Mali
19.05.2011 | Marketwire
HALIFAX, NOVA SCOTIA -- (Marketwire - May 19, 2011) - Frontline Gold Corp. (TSX VENTURE: FGC) ("Frontline" or the "Company") is pleased to report that reverse circulation ("RC") drilling has identified a new gold structure and that an initial 1,000 metre diamond drilling program has resumed on its 100%-owned Niaouleni Gold Project in Mali, West Africa.RC Drill Program
The RC drill program, designed to test soil and termite gold geochemical anomalies associated with structures trending 020°, was comprised of 121 holes on 11 RC lines for a total of 11,938 metres. These 020 structures are the main mineralization control at African Gold Group Inc.'s Kobada gold deposit located approximately 5 kilometers north of the Niaouleni property. A supplementary 2,000 metres of RC drilling has been drilled on the property to test for the presence of east-west and northwest cross-cutting structures bringing the total of holes to 147 for 13,922 metres. The depth of the holes was usually 100 metres except when ground conditions impeded to reach that depth.
To date, assay results for Lines 1 to 8 have been received and partial results for Lines 9 and 10. A second gold structure, named R2 zone, was identified in Lines 5 and 7 (see map). This zone, located about 1.5 kilometres west of the main gold zones, appears to strike parallel to the main gold zones. In Line 7, disseminated gold values were found over a width of 50 metres. The significant assays are summarized in the table below. All assay results are available on Frontline's website at www.frontlinegold.com.
Line Hole # From (m) To (m) Width (m) Grade
Au (g/t)
5 N-11-RC-47 96.0 97.0 1.0 0.82
N-11-RC-48 8.0 9.0 1.0 0.65
15.0 16.0 1.0 0.72
84.0 86.0 2.0 0.64
N-11-RC-51 23.0 24.0 1.0 0.65
85.0 86.0 1.0 1.21
N-11-RC-52 75.0 76.0 1.0 0.52
7 N-11-RC-67 32.0 34.0 2.0 0.57
37.0 39.0 2.0 0.55
N-11-RC-69 46.0 47.0 1.0 0.80
77.0 78.0 1.0 0.65
N-11-RC-71 26.0 27.0 1.0 0.50
41.0 42.0 1.0 0.50
74.0 75.0 1.0 0.52
87.0 88.0 1.0 0.63
N-11-RC-72 89.0 93.0 4.0 0.72
On the R1 gold structure discovered in Lines 3 and 4 (see Frontline's press release dated April 7, 2011), a 500 metre supplementary program was conducted to verify the extension of the gold mineralization. Assays are pending and will be released when available. The R1 and R2 gold structures share some similarities, particularly the widespread nature of the gold mineralization. In Line 4, the width of the gold structure is up to 250 metres.
Diamond Drilling Program
A 1,000 metre follow-up diamond drilling program started May 8, 2011. The first part of the program is to follow-up on prior drilling on the South Niaouleni gold mineralized structure where 1.06 g/t Au over 5.5 metres and 2.16 g/t Au over 6.5 metres were intersected in holes N-11-DD-23 and 24 respectively. Drilling will determine the lateral and depth extension of the gold mineralized structure. The second part of the program is to verify the newly discovered gold zones from the RC drilling program, particularly on the R1 and R2 gold structures.
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 25 samples, and uses four standards with grades varying from 0.10 g/t Au to 0.62 g/t Au. A duplicate assay is also made for every 50th sample.
Frontline Gold Corp. (TSX VENTURE:FGC) 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 Mali South in West Mali in Africa's prolific gold belt. In addition, Frontline is currently developing its gold projects in the Izmir province of Western Turkey, which consist of the Menderes, 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 43-101- Standards of Disclosure for Mineral Projects ("NI 43-101") for this News Release is Gilles Laverdiere, consulting Professional Geologist and member of the Quebec Geologist Association, who has reviewed and approved its contents. For further information on Frontline's Niaouleni Gold Project, please refer to the NI 43-101 compliant technical report entitled "Technical Report on the Exploration Assets of Frontline Gold Corporation (Formerly Chrysos Capital Corporation) in Mali" dated August 29, 2010 and available on SEDAR at www.sedar.com.
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
FRONTLINE GOLD CORP.
To view the Niaouleni Project Map, please visit the following link:
http://media3.marketwire.com/docs/Niaouleni_Property.PDF
Neither TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact Information
Frontline Gold Corp.
Walter Henry
President & CEO
(416) 414-5825
(902) 832-2223 (FAX)
info@frontlinegold.com
www.frontlinegold.com