InvestorsHub Logo
Followers 437
Posts 18579
Boards Moderated 0
Alias Born 09/10/2000

Re: None

Monday, 01/25/2010 9:40:56 AM

Monday, January 25, 2010 9:40:56 AM

Post# of 198
Sandman delivers more high-grade gold to Fronteer's Nevada platform with 90.28 g/t gold over 3.47 metres

10-05

Fronteer (FRG - TSX/NYSE Amex) announces today that results provided by Newmont USA Limited ("Newmont") continue to highlight the high-grade nature of near-surface gold mineralization at Sandman, one of three high quality Nevada gold projects in Fronteer’s future production platform.


Work by Newmont at Sandman has focused primarily on two near-surface gold deposits - Southeast Pediment and Silica Ridge. Recent drilling at these two growing deposits has returned more bonanza-grade gold intercepts with highlights as follows:

Silica Ridge:

90.28 grams per tonne gold (2.633 ounces per ton) and 126.54 g/t silver (3.691 oz/ton) over 3.47 metres in NSM-142;
86.91 g/t gold (2.535 oz/ton) over 1.19 metres and 13.15 g/t gold (0.384 oz/ton) over 7.16 metres in NSM-141;
20.03 g/t gold (0.584 oz/ton) over 2.99 metres in NSM-126;
22.37 g/t gold (0.652 oz/ton) over 3.47 metres in NSM-123.
Southeast Pediment:

52.45 g/t gold (1.53 oz/ton) over 1.01 metres, in NSM-147;
9.23 g/t gold (0.269 oz/ton) over 1.22 metres in NSM-146.
"Sandman has some of the highest grade gold intercepts of any project in our portfolio and has strong production attributes. These results are consistent with those drilled throughout 2009 and highlight the productive nature of this epithermal system," says Troy Fierro, Fronteer Chief Operating Officer.



For a comprehensive table of new and previously reported drill results, please click: http://www.fronteergroup.com/sites/files/fronteer_admin/SandmanDrillResults1005.pdf Results are pending from additional holes from Newmont’s 2009 work-program.



Newmont has met its annual earn-in obligations and has continued to advance the project, completing more than 12,000 metres of drilling since 2008. To meet its initial 51% earn-in obligations under the agreement with Fronteer, Newmont will need to spend an additional ~US$6 million in ongoing drilling and development work, and make a positive production decision by June 2011. As part of this year’s program, Newmont is preparing an expanded Plan of Operations for 2010, which will include exploration drilling to test up to eight new targets, ongoing development drilling and additional geotechnical and metallurgical work.



Sandman is within trucking distance to Newmont's Twin Creeks mine, potentially eliminating the need for a stand-alone milling facility and other significant capital expenditures if the project were to proceed to production.



Sandman, Long Canyon and Northumberland comprise Fronteer’s future production platform based in Nevada. All three gold deposits have high-grade oxide gold starting at- or near-surface, are potentially open-pit mineable and have strong production attributes. Fronteer aims to build regional production by advancing its Nevada gold projects sequentially over the near-term, and funding the company’s growth with low-risk of dilution. In the near-term, Fronteer anticipates ongoing deposit growth to add significant gold ounces to its ledger and pending results from a variety of development activities to clearly define the economic strength of the company’s projects.



Drill samples and analytical data for the Sandman project are being collected under the supervision of Newmont, Fronteer’s joint venture partner and project operator, using industry standard QA-QC protocols. Fronteer's James Ashton P.E., who is the QP responsible for compiling the data contained in this release, has not verified all the data; however, the grades and widths reported here agree well with the Company’s past results on the project and correspondence with the operator and review of portions of the data has given him no reason to doubt their authenticity. The true width of the mineralized zones is estimated by Fronteer to be approximately 90% of those stated. Primary composite intervals stated in this release were calculated using a cut-off of 0.3 g/t Au, 0.5 g/t Au and 2.0 g/t Au for the higher grade internal intervals. No gold values below the 0.30 g/t Au cut-off were included as internal dilution. The lower 0.3 g/t cut off is used to conform with the 43-101 compliant resources previously calculated on the Sandman Project. For further details on Sandman, please view the technical report prepared by Mine Development Associates ("MDA"), as of May 31, 2007, on SEDAR at http://www.sedar.com/.



ABOUT FRONTEER

We intend to become a significant gold producer. Our solid financial position and strengthened operational team give us the ability to advance our key gold projects through to production. Our future potential production platform includes our Long Canyon, Sandman and Northumberland projects – all located in Nevada, one of the friendliest gold-mining jurisdictions in the world. For further information on Fronteer visit www.fronteergroup.com or contact:



Mark O'Dea, Ph.D, P.Geo, President and CEO, Fronteer Development Group
Troy Fierro, COO, Fronteer Development Group
Richard Moritz, Director, Investor Relations
Glen Edwards, Director, Communications
Phone 604-632-4677 or Toll Free 1-877-632-4677
info@fronteergroup.com