Fronteer Development Group Inc.
Fronteer Development Group Inc.: Deeper Drilling at Dixie Returns 11 g/t Gold Ov
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Fronteer Development Group Inc.: Deeper Drilling at Dixie Returns 11 g/t Gold
Over 8.2 Metres-Including 15.1 g/t Over 5.1 Metres
Tuesday April 21
VANCOUVER, BRITISH COLUMBIA–(CCNMatthews – Apr 20, 2004) – Fronteer Development
Group Inc. (FRG – Toronto Stock Exchange, FRR – Frankfurt Stock Exchange) is
pleased to report that hole DL-04-06 has intersected a wider, higher grade down
plunge extension of the 88-4 zone that returned 11 g/t gold over 8.2 metres
including 15.1 g/t gold over 5.1 metres at a vertical depth of 321 metres. The
drill holes completed to date continue to confirm the continuity of a newly
defined high grade gold shoot that is open down plunge and continues to improve
with higher grades and greater widths at depth.
Results from holes DL-04-05 and DL-04-06 are as follows:
– Hole DL-04-06 returned 10.9 g/t gold over 8.2 metres over including 15.1 g/t
gold over 5.1 metres and 27.7 g/t gold over 2.3 metres. This zone was
intersected at a vertical depth of 321 metres and represents the highest 20
grams x metres intersection to date on the property.
– Hole DL-04-05 returned 7.4 g/t gold over 2.1 metres including 11.2 g/t gold
over 1.1 metres. This zone was intersected at a vertical depth of 236 metres.
Currently, a gold shoot characterized by a greater than 20 grams x metres cutoff
is defined by 15 drill holes with an average distance between holes of 50.8
metres (on long section). The shoot has an average strike length of
approximately 110 metres, an average width of 4.9 metres and is defined from
near surface down to 350 vertical metres. It remains open at depth. Within this
shoot, eight holes have intersected high grade gold mineralization, seven of
which have been drilled by Fronteer over the past 7 months, and one was drilled
by Teck Corporation in 1989. Drilling highlights within this shoot are shown in
the table below.
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Drill Hole Width (metres) Gold (g/t) Gold (oz/ton)
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DL-04-01 2.0 11.1 0.32
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DL-04-02 1.0 10.3 0.30
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DL-04-04 4.0 11.0 0.32
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including 2.1 18.5 0.54
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DL-04-05 2.0 7.4 0.22
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including 1.1 11.2 0.33
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DL-04-06 8.2 10.9 0.32
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including 5.1 15.1 0.44
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including 2.3 27.7 0.81
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DL-03-06 4.3 5.8 0.17
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including 0.9 12.0 0.35
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DL-03-08 4.0 12.5 0.37
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including 1.5 24.7 0.72
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DL-89-09 2.8 15.6 0.46
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The work to date by Fronteer is increasing the overall gold grade of the 88-4
zone. “I believe we are on the verge of a new gold discovery at Dixie Lake and
have tagged into a large system that is just beginning to unfold at depth.” says
Mark O’Dea, Fronteer President and CEO. “Experience has demonstrated that gold
shoots rarely occur in isolation in this type of system. The exploration team
has every expectation that multiple gold shoots will begin to take shape with
ongoing drilling.”
A comprehensive (Phase III) exploration program is currently being planned for
the third quarter of 2004. This program will involve 5,000 metres of deep
drilling, and property scale MMI designed to target the down plunge continuation
of this new gold zone as well as new gold zones on the property.
Alberta Star is earning a 50% interest in the Dixie Lake Project by spending
$2.0 million exploration, paying $135,000 in cash, and issuing 150,000 shares to
Fronteer by September 1 2006.
Fronteer owns and operates five active exploration projects in Canada focused on
the discovery of gold and uranium-copper-gold-silver (Olympic Dam-style)
deposits. Fronteer is also in the process of concluding binding option
agreements with Teck Cominco Arama ve Madencilik Sanayi Ticaret A.S.’s (“Teck
Cominco”) to acquire a 100% interest in five of its epithermal gold properties
located in Western Turkey.
Assay results have been prepared under the guidance of Dr Mark O’Dea P.Geo, who
is designated as a Qualified Person with the ability and authority to verify the
authenticity of and validity of this data. All core samples were analyzed by
ALS Chemex, North Vancouver, BC, and Thunder Bay, Ontario, using ICP-AES and
fire assay.
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Contact:
Fronteer Development Group Inc.
Mark O’Dea
President & CEO
Phone: (604) 632-4677
Email: modea@fronteergroup.com
Website: http://www.fronteergroup.com
end of message, (c)DGAP 21.04.2004
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WKN: 533050; ISIN: CA35903Q1063; Index:
Listed:
211609 Apr 04
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