November 07, 2006
New High Grade Discovery In The Yukon Returns 99 Grams Per Tonne Gold And 0.57% U3O8
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Fronteer is pleased to report the discovery of a large new drill ready, high grade gold-uranium-copper zone in the Wernecke Mountains of north central Yukon. This new target area, called Thunder Mountain, is extremely unique in that it has yielded some of the highest grade gold results ever found with uranium in north central Yukon.
Thunder Mountain is one of four drill-ready target areas that have emerged from Fronteer's recent three month exploration program on its 400 square kilometer land package, where attention has been focused on the discovery of "Olympic Dam-style" copper-gold-uranium deposits.
Results from new target areas will be released sequentially as assay results are received and compiled.
THUNDER MOUNTAIN GOLD-URANIUM-COPPER PROPERTY
Thunder Mountain is a new discovery in which bonanza grade gold-uranium-copper mineralization occurs over an interpreted source area measuring at least 550 metres by 400 metres. Surface sampling highlights are as follows:
99.2 grams per tonne gold (2.9 oz/ton), 0.57% U3O8 and 5.1 grams per tonne silver taken from locally derived subcrop less than ten metres from its interpreted source.
95.0 grams per tonne gold (2.8 oz/ton), 0.68% U3O8 and 6.7 grams per tonne silver, taken from a subcropping locally derived boulder.
20 grams per tonne gold (0.6 oz/ton), 0.17% U3O8 and 2.8 grams per tonne silver taken from two subcropping boulders located several metres away from the high grade gold samples above.
12.65% copper, 12.6 grams per tonne silver and 0.27 grams per tonne gold, from a boulder sample in a creek downstream from the interpreted source area.
6.88% copper, 13.0 grams per tonne silver and 1.1 grams per tonne gold taken from a boulder sample adjacent to its interpreted source.
