(TheNewswire)
Toronto, Ontario – TheNewswire - October 6, 2022 – Frontline GoldCorporation (TSXV:FGC) (“Frontline” or the“Company”) is pleased to announce that following the completion of its 2022 fieldprogram, it has staked an additional 134 claimunits at its Epworth Property (the ‘Property),Nunavut. The 2022 exploration program was designed to follow up on the discovery of a new 1.1 km trend of high-grade Cu-Zn-Pb-Ag mineralization andstrongly anomalous Au & Co mineralization (see Figure 1) during the 2021 field season ( see property location map at www.frontlinegold.com/epworth ). The new claims cover the southern strike extension of theMetallic Trend.
The Epworth Project is located 85km south of thevillage of Kugluktuk (Coppermine), containing three main previouslyknown areas of high-grade polymetallic mineralization from 1-25m wideoccurring for more than 15km along strike (Payback South, PaybackNorth and Metallic Showings, Figure 2). Historical surface grabsamples have reported spectacular high-grade mineralizationincluding:
- 61.2% Cu & 5600 gpt Ag (Payback Showings)
- 19.22% Zn with 810gpt Ag , 3% Cu & 1.86 gpt Au (Metallic Showing)
The newly discovered trend was identified whileinvestigating the historical Metallic Showing (formerly named ‘DeadShowing’) in the northern part of the property, consisting ofdolomite with sulphide-rich quartz-carbonate veining in outcrop.Mineralized angular float boulders, subcrop and outcrop were found toextend much further to the south than previously identified, along awell-defined north-northwest-south-southeast-trending corridor.
Samples along the Metallic Trend returned stronglyanomalous to high-grade Cu-Zn-Pb as well as consistently anomalous Au,locally high-grade Ag and anomalous Co with values up to:
- 37.8%Cu (with 184 ppb Au , 2970 ppm Zn , 449 ppm Pb & 45 ppmAg ).
- 3.01 gptAu (with 7860 ppm Cu ).
- 19.3%Zn , 10%Pb & 1130 ppm Ag (with 1.85 gpt Au & 3.01% Cu ).
- 1700 ppmCo (with 201 ppb Au , 6090 ppm Cu , 8.93% Zn , 1.78%Pb & 154 ppm Ag ).
The recently completed exploration program consisted ofprospecting and rock and soil sampling across and along strike of theMetallic Trend, and at a few regional targets on claims staked inFebruary 2022. Lake sediment sampling was also conducted on the lakebeside which the exploration team was camped. A total of 58 rock, 66soil and 12 lake sediment samples were collected during the currentprogram. Assays will be reported as they become available.
Figure 1: 2021 sampling locations of the high-gradepolymetallic mineralization at the Epworth Project.
Figure 2: Historical sampling locations of thehigh-grade polymetallic mineralization at the Epworth Project.
Figure 3: Map showing new claims at the EpworthProject.
The Property
The Epworth Project is part of abroad platform-type clastic-carbonate sequence belonging to the earlyProterozoic Coronation Supergroup that extends from the north shore ofTakijuq Lake to the Coronation Gulf for over 130km. Polymetallic sulphide mineralization occurs as disseminations inthe matrix of coarse clastic quartzites or as concordant zones ofcherty replacements and veins within permeable dolomite (Rees andPetrie, 1995). The stratigraphy, diagenetic evolution and rift-relatedtectonic setting of the Coronation Supergroup compare favourably tothe African Copperbelt where large (>100mt) high-grade (3-4% Cu)sediment-hosted stratiform Cu-Co-Ag deposits are frequent, and tostratabound Mississippi Valley Type (MVT) sediment-hosted Pb-Zndeposits worldwide. The gold-rich nature of the system furtherincreases the economic potential of this area.
The Epworth Project was explored by Noranda Mining andExploration and Rhonda Mining Corporation in the mid-1990’s. Surfacesampling and one drill hole in the Payback South showing confirmed thehigh-grade nature of the polymetallic stratiform mineralization. Twoholes were drilled at the Payback North showing where hole 95-1intersected 8.3m of 0.303%Cu at shallow depths with subordinatesphalerite-galena mineralization. Noranda concluded that the 1995drilling may have intersected the leading edge of a mineralizingsystem, however never returned for follow-up drilling.
Frontline can acquire an 80% interest in the 440 miningcell-units from the vendor with the issuance of 1 million commonshares of FGC over 3-years and total exploration expenditures of $2million over 4-years. The vendor retains a 2% NSR with a 1% buybackfor $1 million.
Commentary
Frontline’s President and CEO, Mr. Walter Henry,said, “Frontline is veryexcited with the high-grade polymetallic results returned from thefirst phase of prospecting carried out by Emerald Geological Services.The Property is hosted within a recognized large aerialsediment-hosted stratiform copper belt that has seen little systematicexploration over the last 25 years utilizing modern day explorationmodels. We look forward to receiving the results from this secondphase of exploration to further advance this exciting property inpreparation for an initial diamond drill program.”
Dr. Daniel Rubiolo, P. Geo, an independentqualified person as defined in NationalInstrument 43-101, has reviewed and approved the technical contents ofthis news release on behalf of the Company. The QP and the Company hasnot completed sufficient work to verify the historic information onthe property comprising the Epworth Project, particularly regardinghistorical exploration, neighbouring companies, and governmentgeological work. Grab samples are selectedsamples and not necessarily representative of the mineralizationhosted on the property.
About Frontline GoldCorporation
Frontline is a Canadian junior mineral explorationcompany. The Company's core properties include the Crooked Pine GoldProject (Ontario), Copperlode Project (Ontario), the Flint Lake andKakagi Lake Gold Project (Ontario), and the Route 109 Gold Project andthe NE Bachelor Lake Gold Project which are both in the Abitibi Regionof Quebec, and the Menderes gold project in the Izmir province ofWestern Turkey. Other Canadian exploration properties include othergold property groups in Ontario and include the Whitehorse IslandMining Patents.
Frontline continues to actively seek projects, andadditional investor/partner(s) in order to continue to build upon itsproperties and net smelter return royalties.
Further information about the Company is available onthe Company’s website, www.frontlinegold.com , or oursocial media sites listed below:
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This news release containsforward-looking statements, which address future events andconditions, which are subject to various risks and uncertainties. TheCompany’s actual results, programs and financial position coulddiffer materially from those anticipated in such forward-lookingstatements as a result of numerous factors, some of which may bebeyond the Company’s control. These factors include: theavailability of funds; the timing and content of work programs;results of exploration activities and development of mineralproperties, the interpretation of drilling results and othergeological data, the uncertainties of resource and reserveestimations, receipt and security of mineral property titles; projectcost overruns or unanticipated costs and expenses, fluctuations inmetal prices; currency fluctuations; and general market and industryconditions.
Forward-looking statements are based on the expectations and opinionsof the Company’s management on the date the statements are made. The assumptions used in the preparation of such statements, althoughconsidered reasonable at the time of preparation, may prove to beimprecise and, as such, undue reliance should not be placed onforward-looking statements.
“Walter Henry” Walter Henry, President & CEO FRONTLINE GOLD CORP. | Contact: Walter Henry Phone: (416) 861-9090 Email: info@frontlinegold.com Website: www.frontlinegold.com Frontline Gold Corp. (TSX-V: FGC) 372 Bay Street, Suite 301 Toronto, Ontario M5H 2W9 |
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