Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
TORONTO, ONTARIO–(Marketwire – Sept. 22, 2011) – Frontline Gold Corporation (TSX VENTURE:FGC) (“Frontline” or the “Company”) is pleased to announce the commencement of the 2011 diamond drill program on the Poly Project in the Stewart Gold Camp NW BC. Frontline has initiated testing of a number of gold and gold-poly metallic targets on the Poly Property. The 1200 – 1500 m drill program will be undertaken by Black Hawk Drilling of Smithers, BC.
The program will follow-up historic on gold and base metal intersections in the X Zone; and test a number of 2010 VTEM geophysical anomalies (Classic, Central) as recommended by Geotech Ltd. The VTEM anomalies are hosted by favourably altered Hazelton Group pyroclastic rocks and have flanking magnetic association with felsic intrusions. The VTEM anomalies are considered priority drill targets since they are also proximal to the substantial, 2011 expansion of the historic VMS type, MMI-M anomaly on the Lower Poly Grid.
The 2011 exploration program is being supervised by Geofine Exploration Consultants Ltd. under the direction of David Molloy, P.Geo. Stewart Hwy 37A bisects the Property and the program is staged out of the Town of Stewart.
About Frontline’s Poly/Stewart Project
Frontline holds an option to earn and acquire up to a 100% in both the Poly and Stewart projects. The Poly and Stewart projects are based in the Stewart Gold Camp in NW British Columbia. This is an evolving gold camp that hosts one of the world’s richest Kuroko-type VMS precious metal deposits as well as one of the world’s largest undeveloped Cu-Au porphyry deposits, KSM/Snowfield/Brucejack, with over 94Moz of Au, 607Moz of Ag and 14B lbs Cu in resources. The Poly Project is contiguous with Mountain Boy Minerals and Great Bear Resources mineral tenures that host the BA Ag-Pb-Zn VMS deposits as well as with Teuton/Sabina’s tenures that host the Del Norte VMS trend. As far as the Stewart project is concerned, its western tenures are contiguous with the KSM (Seabridge Resources) and Snowfield/Brucejack (now Pretivm Resources) properties.
On June 30, 2011, Frontline announced the commencement of a C$1.0 MM exploration program at both the Poly and Stewart projects for 2011.
About Frontline Gold Corporation
Frontline is a Canadian junior mineral exploration company with an experienced discovery team and a proven record of accomplishment. The Company’s flagship properties include the Niaouleni gold project in the heart of Mali South in West Africa’s prolific gold belt and the Menderes gold project in the Izmir province of Western Turkey. Ongoing Canadian exploration includes the Poly (gold), the Stewart (gold-copper polymetallic) and the Red Lake (gold) projects.
For further information, please visit the Company’s website at www.frontlinegold.com to view the most recent corporate presentation.
The Qualified Person under National Instrument 43-101-Standards of Disclosure for Mineral Projects (“NI 43-101”) for this News Release is David Molloy, P. Geo., consultants to the Company, who has reviewed and is responsible for the technical information presented for the Poly Project in this news release.
