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Frontline Gold Corp
Symbol FGC
Shares Issued 125,753,673
Close 2014-07-16 C$ 0.01
Market Cap C$ 1,257,537
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Frontline to add two claims to Crowshore for shares, NSR

2014-07-18 11:38 ET - News Release

Mr. Walter Henry reports

FRONTLINE ACQUIRES ADDITIONAL CLAIMS ADJACENT TO ITS CROWSHORE PROPERTY ALONG PC GOLD'S CORE MINE TREND

Frontline Gold Corp. has, subject to regulatory approval, negotiated to purchase a 100-per-cent interest in two claims that are contiguous to the corporation's newly acquired Crowshore property (see news release dated April 24, 2014). The Crowshore property now comprises eight property patents covering 129 hectares, and includes a 100-per-cent interest in four claims, covering 480 hectares along the northeast extension of PC Gold Inc.'s Core mine trend near Pickle Lake, Ont.

Frontline's president and chief executive officer, Walter Henry, said: "The two claims are an excellent addition to our Crowshore property given the proximity to a known historical gold mining area, and to PC Gold's Pickle Crow gold mine which contains a compliant inferred mineral resource estimate at 1.26 million ounces averaging 3.9 grams per tonne gold." PC Gold recently announced drill results in its press release (July 16, 2014) that highlighted new high-grade intercepts in its No. 22 and No. 23 veins.

No. 23 vein highlights:

  • 878.69 grams per tonne gold over 0.9 metre (25.63 ounces per ton over three feet) in hole PC-14-283 from 65.89 to 66.79 metres;
  • 10.6 grams per tonne gold over 5.55 metres (0.31 ounce per ton over 18.2 feet) in hole PC-14-283 from 71.45 to 77 metres, including 83.48 grams per tonne gold over 0.55 metre (2.43 ounces per ton over 1.8 feet);
  • An intersection of 12.72 grams per tonne gold over 4.03 metres (0.37 ounce per ton over 13.2 feet) in hole PC-14-284 from 66.2 to 70.23 metres, including 85.36 grams per tonne gold over 0.5 metre (2.49 ounces per ton over 1.6 feet);
  • An intersection of 28.51 grams per tonne gold over 2.63 metres (0.83 ounce per ton over 8.6 feet) in hole PC-14-284 from 73.42 to 76.05 metres, including 68.95 grams per tonne gold over 1.06 metres (2.01 ounces per ton over 3.5 feet);
  • 68.71 grams per tonne gold over 0.5 metre (two ounces per ton over 1.6 feet) in hole PC-14-291 from 100.22 to 100.72 metres in the No. 22 vein;
  • 16.1 grams per tonne gold over 0.55 metre (0.47 ounce per ton over 1.8 feet) in hole PC-14-293 from 140.88 to 141.43 metres in the No. 23 vein;
  • Abundant visible gold observed.

"The low acquisition cost of the Crowshore land package combined with minimal property expenditure requirements allow 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," added Mr. Henry.

To acquire a 100-per-cent interest in the two claims, Frontline must issue a total of 401,000 shares of the corporation and grant the optionor a 2-per-cent net smelter return royalty. Frontline may repurchase one-half of the royalty for $1-million.

Crowshore eastern boundary

The two acquired claims on the eastern boundary of Frontline's Crowshore property were jointly held 51 per cent by Murchison Minerals Ltd. (formerly named Manicouagan Minerals Inc.) and 49 per cent by White Metal Resources Corp., and was formerly known as the Pickle Lake East gold project. Manicouagan announced back 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 which 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- to 20-metre-wide zones of intense carbonate-sericite plus or minus green mica alteration containing anomalies (greater than 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

PC Gold's Pickle Crow gold mine

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 ton and 168,757 ounces of silver at a grade of 0.055 ounce per ton. PC Gold's Pickle Crow gold mine had 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 (PC Gold investor presentation, March, 2014).

Crowshore property

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 per tonne gold over 1.89 metres, and on the 38-metre level, 58.83 metres of strike length averaging 8.57 grams per tonne gold 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 listed 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.

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

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