Fronteer Discovers New Gold-Silver-Copper Zone, Also Intersects 5.23 g/t Gold Over 25.5 Metres at the Agi Dagi Project, Turkey.VANCOUVER, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography -- Fronteer Development Group Inc ("Fronteer") (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :FRG)(AMEX AMEX See: American Stock Exchange :FRG) has discovered a new zone of gold-silver-copper mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. at the Agi Dagi project ("Agi Dagi") in western Turkey. Drill hole AD-163, located 130 metres to the west of previous drilling in the Deli Zone, intersected 3.07 g/t gold, 13.8 g/t silver and 0.5% copper over 19.3 metres. This drill hole opens up the western flank of the Deli Zone for expansion to the north, west, and south, and demonstrates the untapped sulfide potential of the project, which until now had not been tested. Hole AD-163 also returned two other distinct intervals of economically significant gold, silver and copper mineralization including: - 2.37 g/t gold, 20.0 g/t silver, and 0.7% copper over 8.4 metres, and - 3.77 g/t gold, 16.8 g/t silver, and 1.2% copper over 2.5 metres For a complete description of the results from AD-163 please refer to the table at the end of this release. In other important news, Fronteer has intersected additional gold-silver mineralization in drill hole AD-164, located 45 metres to the southwest of AD-126 which returned 3.75 g/t gold over 57.3 metres, and returned the following intersection: - Hole AD-164 intersected 2.34 g/t gold over 66 metres including 5.23 g/t gold over 25.5 metres This hole also returned 19.0 g/t silver over 48 metres coincident co·in·ci·dent adj. 1. Occupying the same area in space or happening at the same time: a series of coincident events. See Synonyms at contemporary. 2. with the gold and bottomed in mineralization grading 0.8 g/t gold at a depth of 108 metres. Please see the table below for more details. Other new assay results from ongoing metallurgical and infill drilling within the Deli Zone have also yielded notable gold grades. Specifically: - Hole AD-154 intersected 1.25 g/t gold over 54.8 metres - Hole AD-156 intersected 0.55 g/t gold over 47.8 metres - Hole AD-157 intersected 0.84 g/t gold over 5.2 metres - Hole AD-159 intersected 0.73 g/t gold over 16.5 metres Exploration on Agi Dagi in 2005 has been very successful in both expanding the size of the Deli Zone and identifying emerging resource areas open for expansion. Geological models for the Baba and Deli resource areas at Agi Dagi are currently being constructed as a basis for 43-101 compliant resource estimates to be completed in January, 2006. The Agi Dagi gold project is expected to be amenable to open-pit mining Open-pit mining, also known as opencast mining, refers to a method of extracting rock or minerals from the earth by their removal from an open pit or borrow. methods. The orientation of mineralized min·er·al·ize v. min·er·al·ized, min·er·al·iz·ing, min·er·al·iz·es v.tr. 1. To convert to a mineral substance; petrify. 2. To transform a metal into a mineral by oxidation. 3. zones is sub-horizontal and stated widths are approximately 90% of true widths. Agi Dagi is one of two advanced-stage gold properties currently being developed by Fronteer. The second property, Kirazli, is also being advanced to the resource definition stage, with a report scheduled to be completed for early 2006. Fronteer also has a controlling 57% interest in an outstanding uranium district in Labrador, Canada. Results from a recently completed CAD $5.0 million, 9,400 metre drill program, are being released as they are received. Finally, the Company will be drilling two new gold projects in Jalisco State, Mexico in early 2006, which have been recently optioned from Teck Cominco Teck-Cominco TSX | TCK.B[1], NYSE: TCK) is a Canadian mining company. It was formed from the amalgamation of Teck and Cominco in 2001. Cominco started in 1906 as The Consolidated Mining and Smelting Company of Canada, formed by the amalgamation of several . Please see the table below for details results from Hole AD-163: ---------------------------------------------------------------- Hole ID From (m) To (m) Interval (m) Au g/t Ag g/t Cu% ---------------------------------------------------------------- AD-163 127.7 147.0 19.3 3.07 13.8 0.5 inc 128.6 132.3 3.7 6.07 35.7 1.7 and 164.0 172.4 8.4 2.37 20.0 0.7 inc 165.7 170.6 4.9 3.29 27.4 1.2 and 183.3 185.8 2.5 3.77 16.8 1.2 ---------------------------------------------------------------- ---------------------------------------------------------- Hole ID From (m) To (m) Interval (m) Au g/t Ag g/t ---------------------------------------------------------- AD-164 42.0 108.0 66.0 2.34 13.8 inc 60.0 108.0 48.0 3.02 19.0 inc 63.0 88.5 25.5 5.23 27.9 inc 69.0 79.5 10.5 9.83 54.2 inc 69.0 81.0 12.0 8.93 53.0 inc 75.0 78.0 3.0 7.05 97.6 ---------------------------------------------------------- Assay results have been prepared under the guidance of Mr. Ian Cunningham-Dunlop P.Eng, 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 Als (äls), Ger. Alsen, island, 121 sq mi (313 sq km), Sønderjylland co., S Denmark, in the Lille Bælt, separated from the mainland by the narrow Alensund. Chemex, North Vancouver North Vancouver, city (1991 pop. 38,436), SW British Columbia, Canada, on Burrard Inlet of the Strait of Georgia, opposite Vancouver, of which it is a suburb. Shipbuilding, woodworking, and the shipping of grain, lumber, and ore are the chief industries. , BC, using ICP-AES ICP-AES Inductively Coupled Plasma Atomic Emission Spectroscopy ICP-AES Inductively Coupled Plasma Atomic Emission Spectrophotometry and fire assay. Except for the statements of historical fact contained herein, certain information presented constitutes "forward-looking statements" within the meaning of the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Such forward-looking statements, including but not limited to, those with respect to potential expansion of mineralization, future plans for resource estimation and exploration and potential mining method involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievement of Fronteer to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, risks related to international operations Internal Operations (I.O., IO or I/O) is a fictional American Intelligence Agency in Wildstorm comics. It was originally called International Operations. I.O. first appeared in WildC.A.T.S. volume 1 #1 (August, 1992) and was created by Brandon Choi and Jim Lee. , the actual results of current exploration activities, conclusions of economic evaluations, uncertainty in the estimation of ore reserves and mineral resources Noun 1. mineral resources - natural resources in the form of minerals natural resource, natural resources - resources (actual and potential) supplied by nature , changes in project parameters as plans continue to be refined, future prices of gold, silver and copper, economic and political stability in Turkey, environmental risks and hazards, increased infrastructure and/or operating costs operating costs npl → gastos mpl operacionales , labor and employment matters, and government regulation as well as those factors discussed in the section entitled "Risk Factors" in Fronteer's Annual Information form and Fronteer's latest Form 20-F on file with the United States Securities and Exchange Commission in Washington, D.C. Although Fronteer has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Fronteer disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Accordingly, readers should not place undue reliance on forward-looking statements. Fronteer Development Group Inc. (TSX:FRG) (AMEX:FRG) |
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