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Fronteer Development Group Inc announces resource estimate for Long Canyon project in north-eastern Nevada

Mon. March 16, 2009; Posted: 09:04 AM
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Mar 16, 2009 (M2 EQUITYBITES via COMTEX) -- FRG | Quote | Chart | News | PowerRating -- Fronteer Development Group Inc (Toronto:FRG.TO) (AMEX:FRG), an exploration and development company, declared on 13 March a project-first resource estimate for the Long Canyon project with respect to the emerging, high-grade, oxide gold deposit located in north-eastern Nevada.

According to the company, the Classified Mineral Resource estimate is quoted at a cut-off grade of 0.30 grams per tonne gold and consists of an indicated resource of 363,000 ounces at an average grade of 2.35 g/t gold (4,808,000 tonnes) and an inferred resource of 459,000 ounces at an average grade of 1.63 g/t gold (8,780,000 tonnes). A The resource estimate is based largely on drilling from the 2008 field season, during which time 164 holes (24,700 metres) were completed at Long Canyon. The resource is 100% comprised of oxide gold and is characterised by wide intervals of at- or near-surface, high-grade, gold mineralisation and remains open in all directions, including to depth.

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For full details on Fronteer Development Group Inc (FRG) click here. Fronteer Development Group Inc (FRG) has Short Term PowerRatings of 4. Details on Fronteer Development Group Inc (FRG) Short Term PowerRatings is available at This Link.

    


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