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Fronteer Intersects 12.23 g/t Gold Over 39.4 Metres on First Hole of Current Drill Program at Kirazli Property
Thursday December 2, 2:26 pm ET
VANCOUVER, British Columbia--(BUSINESS WIRE)--Dec. 2, 2004--Fronteer (OTCBB:FTDGF - News; TSX:FRG - News; FWB:FRR) is pleased to announce that is has intersected significant oxide gold mineralization in its first drill hole on the Kirazli Project in western Turkey.
Diamond Drill Hole KD-01 intersected a high grade zone of 44.01 g/t gold over 9.1 metres followed by an additional zone of 2.69 g/t gold over 30.3 metres, for a total intercept of 12.23 g/t gold over 39.4 metres. Using a cut-off of 0.5 g/t gold, the hole contains an overall intercept of 4.54 g/t gold over 115.7 metres. The drill hole bottomed in gold mineralization at a depth of 223 metres. All high grade assays are uncut.
KD-01 was a confirmation hole designed to test the width and grade of a previously intersected high grade zone on the property. Fronteer's diamond drill results are comparable to historic reverse circulation intervals.
Kirazli Hole KD-01
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Hole ID From (m) To (m) Interval (m) Gold (g/t)
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KD-01 43.30 159.00 115.7 4.54
inc. 43.30 82.70 39.4 12.23
inc. 43.30 52.40 9.1 44.01
inc. 52.4 82.70 30.3 2.69
KD-01 214.30 223.00 8.7 1.55
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KD-01 is Fronteer's first hole of a 3,000 metre diamond drill campaign on the Kirazli property, which will continue through 2005 (see Fronteer's website for further details, including detailed assay results).
KD-01 was drilled at -60 degrees and the geometry of the hosting structures are interpreted to have a sub-vertical component. At present there is insufficient data available to determine the true width of the gold intervals.
The Kirazli Property is under option to Fronteer from Teck Cominco Arama ve Madencilik Sanayi Ticaret A.S.'s ("Teck Cominco").
Fronteer is a Discovery-Stage exploration company with active exploration programs focused on gold in Western Turkey and on gold and uranium-copper deposits in Canada.
Assay results have been prepared under the guidance of Dr Rick Valenta P.Geo, who is designated as a Qualified Person with the ability and authority to verify the authenticity of and validity of this data. All samples were analyzed by ALS Chemex, North Vancouver, BC, using ICP-AES and fire assay.
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