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Message: Nevada property extends strike

Nevada property extends strike

posted on Jul 29, 2008 07:41AM
Fronteer Hits More High-Grade Gold at Nevada Property

July 29, 2008: 09:10 AM EST


Fronteer Development Group Inc. ("Fronteer" or the "Company") (TSX: FRG)(AMEX: FRG) is pleased to announce that recent drilling has extended the length and width of gold mineralization at Long Canyon, further enhancing this property.

Results from 18 reverse-circulation (RC) holes include grades as high as 17.63 grams per tonne gold (0.515 ounces per ton) over 4.6 m (15 feet), as intersected in hole LC87. The results are the first from Long Canyon's 2008 work program, which commenced in May.

Other highlights include:

- 10.21 g/t (0.298 oz/ton) over 9.1 m (30 feet), within a broader zone returning 3.31 g/t (0.097 oz/ton) over 36.6 m (120 feet) in hole LC86;

- 12.59 g/t (0.368 oz/ton) over 4.6 m (15 feet), within a broader zone returning 4.59 g/t (0.134 oz/ton) over 38.1 m (125 feet) in hole LC85; and,

- 14.13 g/t (0.413 oz/ton) over 3.0 m (10 feet), within a broader zone returning 4.53 g/t (0.132 oz/ton) over 10.7 m (35 feet) in hole LC84.

Drilling has also intersected a new area of gold mineralization located 200 metres northwest of the main zone. Highlights include:

- 2.28 g/t (0.067 oz/ton) over 24.4 m (80 feet) in LC73; and,

- 1.18 g/t (0.034 oz/ton) over 3.0 m (10 feet) in LC79.

Results from an additional 23 holes drilled to date will be reported as completed assays are received.

LONG CANYON DRILL RESULTS
--------------------------------------------------------------------------
                         Inter-                               Inter-
                          cept            Au                   cept
                        Length     Au    (oz/                Length     Au
Hole ID     From   To    (feet)  (ppb)   ton)  From     To  (metres)  (g/t)
--------------------------------------------------------------------------
LC068        205  215       10    346  0.010   62.5   65.5      3.0   0.35
--------------------------------------------------------------------------
             255  265       10    936  0.027   77.7   80.8      3.0   0.94
--------------------------------------------------------------------------
LC069              No reportable intercepts
--------------------------------------------------------------------------
LC070        230  245       15    562  0.016   70.1   74.7      4.6   0.56
--------------------------------------------------------------------------
             250  340       90   1633  0.048   76.2  103.7     27.4   1.63
--------------------------------------------------------------------------
 including   300  310       10   7165  0.209   91.5   94.5      3.0   7.17
--------------------------------------------------------------------------
             445  455       10    424  0.012  135.7  138.7      3.0   0.42
--------------------------------------------------------------------------
             490  510       20    382  0.011  149.4  155.5      6.1   0.38
--------------------------------------------------------------------------
LC071         85  115       30    753  0.022   25.9   35.1      9.1   0.75
--------------------------------------------------------------------------
             135  165       30    986  0.029   41.2   50.3      9.1   0.99
--------------------------------------------------------------------------
LC073        305  315       10    383  0.011   93.0   96.0      3.0   0.38
--------------------------------------------------------------------------
             345  355       10    350  0.010  105.2  108.2      3.0   0.35
--------------------------------------------------------------------------
             370  450       80   2280  0.067  112.8  137.2     24.4   2.28
--------------------------------------------------------------------------
 including   375  380        5   6744  0.197  114.3  115.9      1.5   6.74
--------------------------------------------------------------------------
             395  400        5   9468  0.276  120.4  122.0      1.5   9.47
--------------------------------------------------------------------------
             460  470       10    388  0.011  140.2  143.3      3.0   0.39
--------------------------------------------------------------------------
             520  530       10    439  0.013  158.5  161.6      3.0   0.44
--------------------------------------------------------------------------
LC075        360  375       15    734  0.021  109.8  114.3      4.6   0.73
--------------------------------------------------------------------------
LC077              No reportable intercepts
--------------------------------------------------------------------------
LC078              No reportable intercepts
--------------------------------------------------------------------------
LC079        650  660       10   1178  0.034  198.2  201.2      3.0   1.18
--------------------------------------------------------------------------
LC081        260  325       65   2271  0.066   79.3   99.1     19.8   2.27
--------------------------------------------------------------------------
 including   280  295       15   6190  0.181   85.4   89.9      4.6   6.19
--------------------------------------------------------------------------
             345  385       40   4294  0.125  105.2  117.4     12.2   4.29
--------------------------------------------------------------------------
 including   365  375       10  12945  0.378  111.3  114.3      3.0  12.95
--------------------------------------------------------------------------
LC082        335  350       15    650  0.019  102.1  106.7      4.6   0.65
--------------------------------------------------------------------------
LC084        330  365       35   4526  0.132  100.6  111.3     10.7   4.53
--------------------------------------------------------------------------
 including   340  350       10  14130  0.413  103.7  106.7      3.0  14.13
--------------------------------------------------------------------------
LC085        250  375      125   4594  0.134   76.2  114.3     38.1   4.59
--------------------------------------------------------------------------
 including   265  280       15  12592  0.368   80.8   85.4      4.6  12.59
--------------------------------------------------------------------------
             310  330       20   7902  0.231   94.5  100.6      6.1   7.90
--------------------------------------------------------------------------
             340  350       10   9210  0.269  103.7  106.7      3.0   9.21
--------------------------------------------------------------------------
             395  405       10   1102  0.032  120.4  123.5      3.0   1.10
--------------------------------------------------------------------------
             420  430       10   2046  0.060  128.0  131.1      3.0   2.05
--------------------------------------------------------------------------
             485  495       10   1947  0.057  147.9  150.9      3.0   1.95
--------------------------------------------------------------------------
LC086        370  490      120   3309  0.097  112.8  149.4     36.6   3.31
--------------------------------------------------------------------------
 including   390  420       30  10208  0.298  118.9  128.0      9.1  10.21
--------------------------------------------------------------------------
 including   400  415       15  14043  0.410  122.0  126.5      4.6  14.04
--------------------------------------------------------------------------
LC087        360  390       30   9378  0.274  109.8  118.9      9.1   9.38
--------------------------------------------------------------------------
 including   365  380       15  17633  0.515  111.3  115.9      4.6  17.63
--------------------------------------------------------------------------
LC088        250  260       10    576  0.017   76.2   79.3      3.0   0.58
--------------------------------------------------------------------------
LC090        465  475       10    706  0.021  141.8  144.8      3.0   0.71
--------------------------------------------------------------------------
             505  520       15    425  0.012  154.0  158.5      4.6   0.43
--------------------------------------------------------------------------
LC091        305  335       30   1530  0.045   93.0  102.1      9.1   1.53
--------------------------------------------------------------------------

(i) The true widths of the mineralized zones have not been rigorously determined, but are thought at this time to be 70-100% of true thicknesses. The geometry of mineralization at Long Canyon is complex, and true widths may not be completely understood until delineation drilling is completed. For a comprehensive table listing previous drill results, please use the following link: http://www.fronteergroup.com/sites/f...

For a map showing the location of drill holes, please use the following link: www.fronteergroup.com/sites/fronteer...

Fronteer's initial $3.2-million program to advance Long Canyon includes plans for 11,500-metres (37,700 feet) of drilling to extend the deposit along strike to the northeast, southwest, and down dip, with the goal of producing a project-first NI 43-101 resource estimate upon conclusion of the program. Fronteer has completed 4,100 metres (13,700) of drilling to date.

Gold mineralization at Long Canyon is strongly oxidized and begins at surface. Mineralization is typical of Carlin-style deposits and occurs in stratabound zones with both fault and collapse breccias, hosted within a sequence of lower Paleozoic carbonates.

Long Canyon, Northumberland and Sandman are currently Fronteer's leading properties among its large, relatively untapped portfolio of gold projects in Nevada.

Fronteer has submitted a Plan of Operations to the Elko District Office of the U.S. Bureau of Land Management (BLM) to expand the drilling effort in the southwest portion of the Long Canyon project area.

Long Canyon is under option from AuEx Ventures Inc. ("AuEx") (TSX: XAU). Under the terms of the option, Fronteer is the operator and may earn a majority interest (51%) by investing $5 million over a five-year period. Fronteer may earn an additional 14% by advancing Long Canyon through feasibility. Fronteer is expected to meet its initial earn-in obligations this year.

Robert Felder, M.Sc. and Certified Professional Geologist, is designated as a Qualified Person for these Long Canyon drill results, with the ability and authority to verify the authenticity of, and validity of, this data. Drill composites calculated using a cut-off of 0.30 g/tonne. Drill intersections are reported as drilled thicknesses. Reverse circulation cuttings were samples on 5.0 ft. (1.52m) intervals and assayed by American Assay Laboratories (ISO9002:2002) for gold by Fire Assay of a 30 gram (1 assay ton) charge with an AA finish, or if over 10.0 grams per tonne Au was re-assayed and completed with a gravimetric finish. Selected holes are also analyzed for a 72-element geochemical suite by ICP-MS.

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