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Fronteer Gold Emerging Copper-Gold Porphyry Returns 646.50 Metres of Continuous Copper-Gold Mineralization
Fronteer Gold Emerging Copper-Gold Porphyry Returns 646.50 Metres of Continuous Copper-Gold Miner...
About this update from Forge Resources Corp.
[{"type":"text","content":"\nFronteer Gold Emerging Copper-Gold Porphyry Returns 646.50 Metres of Continuous Copper-Gold Mineralization\n\n\n Aug. 25, 2010 (Newsfile Corp.) -- Vancouver, British Columbia--(August 25, 2010) - Fronteer Gold (TSX:FRG) (FRG: TSX/NYSE-Amex) announces that a new drill hole has returned the longest interval of continuous copper-gold mineralization ever intersected at the early-stage Halilaga porphyry project in northwestern Turkey. Assay highlights from HD-54, drilled within Halilaga’s Central Zone, are as follows: 0.26 g/t gold and 0.33% copper over 646.50 metres starting from surface and including: 0.65 g/t gold and 0.89% copper over 106.80 metres, including 0.63 g/t gold and 1.50% copper over 33.0 metres; and, a deeper zone averaging 0.23 g/t gold and 0.24% copper over 143.70 metres. Based on the success of this significant hole, the drill plan has been modified and an additional rig has been added to the program, for a total of four rigs. “Halilaga’s Central Zone and the surrounding prospective district have seen relatively minimal exploration. This drill hole demonstrates the continuation of the deposit to the north, well beyond what was previously thought to be the edge of the system,” says Fronteer Gold President and CEO Mark O’Dea. “Halilaga provides Fronteer Gold with excellent upside exposure to an exciting new deposit. Porphyry copper-gold deposits are an increasingly important part of global gold (OOTC:GGOC) production because of their size, long mine life and strong cash-flow potential.” The Halilaga project is accessible by road; situated in favourable terrain; and surrounded by excellent infrastructure. HD-54 cored mineralized porphyry for its entire length, including two zones of moderate- to higher grade copper-gold mineralization. The hole cored the main zone of copper-gold porphyry mineralization and supergene enrichment before passing through a prominent east-west near-vertical fault and then intersecting a postulated down-dropped block of porphyry mineralization under younger volcanic cover on the northern portion of the property. Teck Resources Limited’s Turkish subsidiary, (“TMST”) is Fronteer Gold’s 60% joint venture partner and project operator. There are currently three core rigs and one RC rig operating as part of a $2.7 milli...