Fronteer enhances projects in Turkey and Labrador

Vancouver — With results from the 2005 field season in hand, Fronteer Development Group (FRG-T, FRG-X) has enhanced the potential of the Michelin uranium deposit in Labrador, discovered a new gold-silver-copper zone at the Agi Dagi project in Turkey, and cut more high-grade gold-silver mineralization at the Kirazli project, also in Turkey.

In early December, the company reported the discovery of a new mineralized zone at Agi Dagi, 130 metres west of previous drilling in the Deli zone. The discovery hole intersected 0.5% copper, 3.07 grams gold and 13.8 grams silver per tonne over 19.3 metres, and opened up the western flank of the zone for expansion in several directions.

The same hole returned two other distinct intervals: 2.37 grams gold, 20 grams silver and 0.7% copper over 8.4 metres; and 3.77 grams gold, 16.8 grams silver and 1.2% copper over 2.5 metres.

Additional mineralization was intersected 45 metres southwest of a previous hole that returned 3.75 grams gold over 57.3 metres. The recently drilled hole hit 2.34 grams gold over 66 metres, including 5.23 grams gold over 25.5 metres.

In early 2006, Fronteer expects to release National Instrument 43-101-compliant resource estimates for the Baba and Deli areas at Agi Dagi. These targets are potentially amenable to open-pit mining.

Agi Dagi is one of two advanced projects being explored by Fronteer in western Turkey. The company will soon release a resource estimate for the Kirazli project, another potentially open-pit target.

The company reported a new discovery at Kirazli, based on a recent hole that intersected 5.68 grams gold over 42.7 metres, including 17.28 grams gold over 12.5 metres. The same hole, KD-46, also returned a separate and overlying interval of broad mineralization, including 0.47 gram gold over 103.5 metres and 45.3 grams silver over 27.2 metres. Hole KD-46 was drilled about 40 metres northwest of a previous hole that hit 5.33 grams gold over 55.6 metres.

Two other holes on the western margin of the known resource area returned encouraging grades, including: 0.87 gram gold over 25.5 metres, including 1.29 grams gold over 11.8 metres; and 1.03 grams gold over 1.8 metres.

An infill metallurgical hole in the centre of the resource area returned 3.18 grams gold over 79.3 metres, including 10.11 grams gold over 21.6 metres, and 80.23 grams silver over 5.2 metres.

The company says these results have expanded the footprint of the Kirazli resource area, which now measures about 1,000 by 100 metres. The zone is still open to the north and south, and at depth.

Closer to home, Fronteer holds a 57% controlling interest in ground covering portions of Labrador’s Central Mineral Belt, including the historic Michelin uranium deposit, partially delineated in the 1970s. Initial drilling on the Jacques Lake and Otter Lake targets, both located about 25 km east of the Michelin uranium deposit, has intersected a number of significant uranium-mineralized intervals.

Several widely spaced drill holes at Jacques Lake tested about one-tenth of the 4-km long target, cutting near-surface uranium in four of the holes. Hole JL-05-05 returned a 9.2-metre interval grading 0.1% U3O8, including 2.1 metres of 0.2% U3O8. In further holes, four other 3-to-5 metre intervals delivered similar grades.

Fronteer notes the results are similar to those initially found at Michelin in the 1960s, where the first seven drill holes averaged 0.11% U3O8 over 3.9 metres at depths of 20-70 metres.

Drilling on the Otter Lake targets returned the company’s hottest result of 2005 with hole OL-05-04 intersecting 0.5 metre of 1% U3O8 at shallow depths, plus an additional 1-metre interval of 0.14% U3O8. Three other holes returned an average grade of 0.11% U3O8 over 0.5-1 metre.

In mid-December, Fronteer reported that the final two holes of its 2005 exploration program at Michelin had tested the deposit to 700 vertical metres, while drilling to date had demonstrated 900 metres of downdip continuity.

The hole that tested the deposit at depth returned two intervals: 0.1% U3O8 over 8.15 metres; and 0.32% U3O8 over 0.5 metre. The hole on the western margin returned 0.11% U3O8 over 21.65 metres, including 0.21% U3O8 over 7.15 metres and 0.24% U3O8 over 4.1 metres.

At least 10,000 metres of drilling are planned for Michelin this year, including infill drilling of the newly expanded area, and drilling for extensions at depth.

In mid-2005, Fronteer and Altius Minerals (als-v) restructured a 50-50 alliance covering the central Labrador project area and created Aurora Energy, a private company now held 57% by Fronteer (operator) and 43% by Altius.

The company also plans to drill two new gold projects in Mexico’s Jalisco state in 2006.

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