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Frontline Gold Corp
Symbol FGC
Shares Issued 125,753,673
Close 2014-04-22 C$ 0.005
Market Cap C$ 628,768
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Frontline Gold to option Crowshore property in Ontario

2014-04-24 12:43 ET - News Release

Mr. Walter Henry reports

FRONTLINE OPTIONS CROWSHORE PROPERTY PATENTS AND CLAIMS ALONG PC GOLD'S CORE MINE TREND

Frontline Gold Corp. has, subject to regulatory approval, negotiated an option to purchase up to a 100-per-cent interest in the Crowshore property. The property comprises eight property patents covering 129 hectares and includes a 100-per-cent interest in two claims covering 320 hectares along the northeast extension of PC Gold Inc.'s Core mine trend near Pickle Lake, Ont.

PC Gold's Core mine trend is host to the Pickle Crow gold mine, which consists of multiple past-producing zones mined via the No. 1, No. 3 and Albany shafts. The Pickle Crow gold mine operated from 1935 until 1966, when it closed as a result of low gold prices. The Pickle Crow gold mine produced 1.47 million ounces of gold at a grade of 0.47 ounce per tonne and 168,757 ounces of silver at a grade of 0.055 ounce per tonne. PC Gold's Pickle Crow gold mine was a 1.26-million-ounce National Instrument 43-101-compliant inferred mineral resource (10.15 million tonnes averaging 3.9 grams per tonne gold). The higher-grade underground component of this initial resource is 1.1 million ounces averaging 5.4 grams per tonne gold, including a high-grade vein component of 600,000 ounces averaging 9.3 grams per tonne gold (source: PC Gold investor presentation of March, 2014).

To exercise its option and acquire up to a 100-per-cent interest in the property patents and a 100-per-cent interest in the claims, Frontline must issue a total of two million shares of the corporation over four years, pay the optionor a total of $61,200 (of which $60,000 is due in year 4 of the option agreement) and grant the optionor a 2-per-cent net smelter returns royalty. Frontline may repurchase one-half of the royalty for $1-million.

Frontline's president and chief executive officer, Walter Henry, said: "The claims and patents are an excellent addition, given the proximity to a known historical gold mining area and to PC Gold's Pickle Crow gold mine, which contain a compliant inferred mineral resource estimate of 1.26 million ounces average (3.9 grams per tonne). The low acquisition cost of the land package, combined with no property expenditure requirements, allows us to grow our strategic positions in these challenging markets. The Crowshore property is interesting given that its gold occurrences have not been revisited in any detail since Crowshore Patricia suspended operations back in 1947."

Historical exploration of the Crowshore patents indicates four gold-bearing zones. Drilling in 1938 traced the A zone for about 122 metres and yielded gold assays as high as 0.74 ounce per ton. The B zone was tested over a length of approximately 1,067 metres and returned values as high as 0.32 ounce per ton over 0.65 metre. Channel sampling of the C zone in 1944 indicated the presence of a possible 46-metre-long ore shoot with a mean width of 0.16 metre with an average gold content of 0.3 ounce per ton. Drilling of the D zone in 1989 between the Albany shaft and the Crowshore shaft identified a series of narrow anastomosing quartz veins yielding up to 5.6 grams of gold per tonne over 1.89 metres and, on the 38-metre level, 58.83 metres of strike length averaging 8.57 grams of gold per tonne across an average width of 0.67 metre.

In October, 1945, Crowshore Patricia sunk a three-compartment shaft and had advanced it to a vertical depth of 175 metres by the following year. Crosscuts to the three zones were completed by the spring of 1947 with a total of 521 metres of crosscutting being performed. The Crowshore shaft is located 1,000 metres northeast of PC Gold's Albany shaft along the mine trend. A historical non-NI 43-101-compliant resource estimate of the Albany by Highland Crow Resources in 1985 lists 90,639 tons grading 0.32 ounce of gold per ton. This is a historical resource not compliant with NI 43-101. The corporation has not reviewed the methods of calculating this resource.

On the eastern boundary of Frontline's Crowshore property, Manicouagan Minerals Inc. holds the Pickle Lake East gold project. Manicouagan announced, in the second quarter of 2010, that it had carried out a helicopter-supported diamond drill program that consisted of six holes (PLE-10-01 to PLE-10-06) totalling 1,214 metres on the Pickle Lake East property. The drill holes were designed to test selected induced polarization resistivity anomalies identified from a survey carried out by Manicouagan late in 2009 on the portion of the property, where the Pickle Crow/Central Patricia gold mine trend crosses onto the Pickle Lake East property. The drill program was successful in identifying what is interpreted to be the gold-bearing structure that hosts the Pickle Crow and Albany mines, located several kilometres to the southwest. Diamond drill holes PLE-10-01 and PLE-10-02 encountered broad zones of alteration including two 10-metre-to-20-metre-wide zones of intense plus or minus green mica alteration containing anomalous (over 100 parts per billion gold).

A summary of the significant assay results from the drill program, which was included in the press release dated Aug. 24, 2010, is summarized in the attached table.

                   PICKLE LAKE EAST 
         SUMMARY OF SIGNIFICANT INTERSECTIONS

Hole        From (m)    To (m)   Length (m)    Au (g/t)
 
PLE-10-01      41.0      45.0          4.0        0.53   
And            56.5      58.0          1.5        0.76   
And           256.7     269.0         12.3        0.45   
And           303.8     305.0          1.2        2.88   
PLE-10-02      32.8      35.0          2.2        0.45   
PLE-10-03      22.1      22.8          0.7        0.95   
And           179.0     182.0          3.0        0.84                                                         

The technical information herein was reviewed prepared by Greg Isenor, PGeo, who acts as Frontline's qualified person as defined by NI 43-101.

We seek Safe Harbor.

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