Fronteer Development Group Inc.
Ongoing Drilling at Dixie Intersects 11 g/t Gold Over 4.0 Metres
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Fronteer Development Group Inc.: Ongoing Drilling at Dixie Intersects 11 g/t
Gold Over 4.0 Metres
Monday April 5
VANCOUVER, BRITISH COLUMBIA–(CCNMatthews – Apr 5, 2004) – Fronteer Development
Group Inc. (FRG – Toronto Stock Exchange, FRR – Frankfurt Stock Exchange) is
pleased to report that the fourth drill hole of an ongoing drill program has
been completed, and intersected 11 g/t gold over 4.0 metres at a vertical depth
of 198 metres. Screen metallic and check assays are pending. The four drill
holes completed to date continue to confirm the continuity of a newly defined
high grade gold shoot that remains open at depth. Results from holes DL-04-03
and DL-04-04 are as follows:
DRILLING RESULTS
– Hole DL-04-04 returned 11 g/t gold over 4.0 metres including 18.5 g/t gold
over 2.1 metres. This zone was intersected at a vertical depth of 198 metres.
– Hole DL-04-03, which deviated approximately 30 metres to the west of its
intended target, intersected the margin of the high grade gold shoot and
returned 2.6 g/t gold over 5.0 metres. The zone was intersected at a vertical
depth of 144 metres.
This new gold zone, which continues to expand and improve with depth, is
currently defined by the following drill intercepts.
Drill Hole Width (metres) Gold (g/t)
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DL-04-04 4.0 11.0
including 2.1 18.5
DL-04-01 2.0 11.1
DL-04-02 1.0 10.3
DL-03-08 4.0 12.5
including 1.5 24.7
DL-89-09 2.8 15.6
DL-03-06 4.3 5.8
including 0.9 12.0
DL-03-05 21.0 1.8
including 1.2 5.3
Since November 2003, Fronteer has drilled 14 holes on the Dixie Lake Property,
all of which have intersected gold mineralization and successfully defined a new
high grade shoot.
“Based on our drilling results to date, we have every expectation that this high
grade gold shoot will both continue and improve with depth,” according to
Fronteer President and CEO Dr Mark O’Dea. “Currently, this individual shoot has
a strike length of approximately 75 metres, a width of up to 20 metres and has
over 200 metres of vertical continuity.”
The balance of the Phase II drill program will continue to target the down
plunge continuation of this new gold zone. A resource calculation will be
completed in the near future to estimate the tonnage and grade of this emerging
gold system.
Fronteer has five active exploration programs in Canada focused on gold and
uranium-copper-gold-silver (Olympic Dam style) deposits. Fronteer is also
currently completing due diligence on Teck Cominco’s advanced stage gold
portfolio in western Turkey, and is continuing its aggressive acquisition
strategy on an international scale.
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: www.fronteergroup.com
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Source: Fronteer Development Group Inc.
end of message, (c)DGAP 05.04.2004
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WKN: 533050; ISIN: CA35903Q1063; Index:
Listed:
052223 Apr 04
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