(TheNewswire)
Toronto, Ontario – TheNewswire - June 10, 2021 – Frontline Gold Corporation (TSXV:FGC) (OTC:FLDPF) (“Frontline” or the “Company”) announcesthat a drill has been mobilized and the drilling program will commence at its Menderes Gold Project (“Menderes” orthe “Property”) in Turkey, on June 14 th , as previouslyannounced on May 11, 2021.
The drilling program at Menderes will concentrate onthe southeastern strike extension of the Kokarpinar vein system withcurrent inferred resources of 2.3Mt grading 6.64 gpt Au for 491,000ounces of gold (43-101 Technical Report, Eldorado Gold, 2019). Drilling by Eldorado Gold has been testing for the Kokarpinarextension within 20-100m of Frontlines property boundary.
The program will initially consist of a 1,000 metresand it will test a few Priority 1 epithermal gold targets including adrill hole that will test for the extension ofthe upper epithermal Kokarpinar gold-bearing vein of Eldorado Gold’sEfemcukuru Gold Mine Complex adjacent to Frontline's permit boundaryto the west . The P13 target is approximately 20 metres from theFrontline-Eldorado mutual boundary.
Menderes Gold PropertyHighlights
Frontline, through it’s 100% owned Turkishsubsidiary, holds the Menderes Gold Project, a 6,194 ha (62 km2)contiguous land package located near the village ofEfemcukuru, located only 20 km from theprovincial capital of Izmir , Western Turkey. Thepermits that make up the Menderes Gold Project were acquired for theirexcellent potential to host intermediate sulphidation epithermalgold-bearing vein systems similar to those found within EldoradoGold's Efemcukuru gold mine. Production forecastfor 2021 at the Efemcukuru gold mine is 110,000 ounces of gold at agrade of 6.6 gpt Au ( https://www.eldoradogold.com ) (Figure 1).
Figure1 . Efemcukuru gold mine veinsystem of Eldorado Gold adjacent to Frontline Gold Menderes property,Turkey.
Commentary
Frontline's President and CEO, Walter Henry,stated: "I am very excited to announce thecommencement of drilling at the Menderes Project, and to be doing itas scheduled despite the challenges faced by the industry and Turkeypertaining to Covid. This is a very exciting time for the Company andits shareholders, as we look forward to building on the drillingprogram and advancing the Menderes Project."
Mike Kilbourne, P. Geo, an independent qualified personas defined in National Instrument 43-101, has reviewed, and approvedthe technical contents of this news release on behalf of theCompany.
The QP has not completed sufficient work to verify thehistoric information on the properties comprising the Menderes,particularly regarding historical exploration, neighbouring companies,and government geological work. The information provides an indicationof the exploration potential of the Property but may not berepresentative of expected results. Grab samples are selective innature and are not necessarily indicative of the mineralization on theProperty.
About Frontline GoldCorporation
Frontline is a Canadian junior mineral explorationcompany. The Company's properties include the Crooked Pine GoldProject (Ontario), Paint Lake Road Gold Project (Ontario) Cameron LakeGold Project (Ontario), the Route 109 Gold Project, the NE BachelorLake Gold Project and the Portage River Gold Project all in theAbitibi Region of Quebec, the Copperlode Project located approximately60 kms east of the Red Lake Area and the Menderes gold project in theIzmir province of Western Turkey. Other Canadian explorationproperties include other gold property groups in Ontario and includethe Whitehorse Island Mining Patents.
Frontline continues to actively seek projects, andadditional investor/partner(s) 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 our social 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. The Company’s actual results, programs and financial positioncould differ 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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