(TheNewswire)
Highlights
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Work by Bold Ventures Inc. on their adjacent propertyto the north of the Paint Lake Road Joint Venture Property (PLR JV)indicates prospective targets related to the extension of anomaliesinto the PLR JV property
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Recently interpreted Northwest trending magnetic lowanomaly combined with the PLR JV property database has more accuratelypositioned the location of prospective gold targets for ground followup work.
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A proposed prospecting and mapping campaign is plannedto explore these areas in the summer of 2023.
TheNewswire - May 24, 2023 - Frontline Gold Corp. (TSX-V:FGC) (“ Frontline ” or the “ Company ”) is pleased to announce that recentpublished work by Bold Ventures Inc. (See Bold press release datedApril 18, 2023) on their property adjacent to the Paint Lake RoadJoint Venture (PLR JV) property has been incorporated with past workfiled in the Ontario Government Assessment Database and has identifieda strong northwest-southeast trending structure which crosses the PLRJV property. The structure is typified on the Bold Property AirborneMagnetic Survey as an easily recognized magnetic low which appears todisplace known EM anomalies and stratigraphy. Frontline Staff used theresults from this survey to project features of interest onto the PLRJV ground. These include not only the magnetic break described abovebut also strong airborne VTEM anomalies. Further examination of pastgeophysical work identified the same magnetic low crossing ground tothe southeast of the PLR JV property.
The Paint Lake Road Joint Venture press release datedNovember 22, 2022 described ground VLF EM anomalies which appear toalign with a number of these VTEM anomalies.
In discussing VTEM anomalies within the magnetic lowfeature Bold consulting Geophysicist Scott Hogg states “ The weak magnetic lineaments that boundthe (VTEM) conductor to the SW and NE are evident in the profilepresentation. This is the only anomaly identified that presents a weaklinear conductor, in a magnetic low bounded by parallel weaklymagnetic linears; a combination considered favorable for goldassociation .”
The interpreted results are shown in Map 1.
Map 1: Aeromagnetic results of Bold Ventures VTEMSurvey with interpretation by Mr. Scott Hogg (Bold Website 2023). Notemagnetic low feature (Shear zone?) trending NW-SE across the survey
The magnetic break on the PLR JV property to be associated withdisplaced Magnetic highs and
with topographic features which align with thestructure. It appears that the shear zone has over 1 kilometer ofstrike length on the PLR JV Property. The strike of the shear zoneappears to align with the location of the Mishi Pit of Wesdomeapproximately 5 km to the southeast.
The location of the projected magnetic feature and theextension of VTEM ad magnetic anomalies is shown on Map 2.
Map 2: Location of projected shear zone on PLR JVProperty. Note the location of a magnetic feature in the southwesternpart of the property which appears to be the extension of a magnetichigh onto the PLR JV property.
A program of prospecting, sampling, ground geophysicsand geological mapping followed up by drilling as indicated has beenprepared for the 2023 summer season and is set to begin as soon aslogistics can be arranged.
About the Paint Lake Road JV
The project is a 50/50 Joint Venture with Frontline Gold Corporation (TSX-V:FGC) and Advance unitedHoldings Inc. subsidiary Talisker Gold is the operator.
The PLR JV property is located in the Wawa areaapproximately 5 kilometers from the Mishi Open Pit of Wesdome Mining. The property is a 50/50 joint Venture between AUHI and FrontlineGold Corp. The property comprises 65 claims (1460 Ha) situated alongthe Northeasterly trending Pukaskwa/ Iron Lake Shear Zone. Theclaims are reported to be underlain by granitic rocks but the presenceof airborne magnetic anomalies and the cross-cutting shear zonesuggest complications. More information on the geology and targetson the PLR JV property can be found in the Press Release dated11-22-2023.
“We are pleased to report new targets on the PLR JVproperty as a result of these regional interpretations. Often theseregional structures can act as a control on gold mineralization andprovide additional support for our drill target generation” statesMr. Jim Atkinson, P.Geo. and CEO of Advance United.
About Advance United Holdings
Advance United brings an entirely different approach tothe mining industry. We don’t mine. Rather, we’ve acquired aportfolio of undervalued gold properties and are increasing theirvalue through the application of modern technology. We have a growingpipeline of similar properties that we are looking to acquire. And nowwe’ve launched the Au Marketplace. A first of its kind digitalplatform that connects owners of mineral commodities and deposits withdevelopers and producers. We are involved exclusively in theacquisition and advancement of past projects – with no intent tobring them back into production or to mine them ourselves. Ourexpertise is in identifying and acquiring undervalued properties withsignificant historical work, which were uneconomic at the time, but webelieve have economic value at today’s prices. We fund thedevelopment of re-working historic data and applying modern technologyto underwrite new qualified reports, document quantifiable resourcesand reserves to current standards, thereby recognizing the currentvalue. Our purpose is to bring immediate and long-term value to ourpartners and shareholders while seeking to eliminate exploration risk,so that we can all advance united in the shortest possible time frame.For additional information about us, our projects, or to find out howyou can list your project in the Au Marketplace, visit www.advanceunited.ca .
About Frontline Gold Corporation
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, and additionalinvestor/partner(s) in order to continue to build upon its propertiesand net smelter return royalties
Further information about the Company is available onthe Company’s website, www.frontlinegold.com , or oursocial media sites here:
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Contact Information Walter Henry, President & CEOEmail: whenry@frontlinegold.com Tel: (416) 414-5825
Qualified Person
James Atkinson M.Sc., P. Geo., a Qualified Person(“QP”) as such term is defined by National Instrument 43-101 –Standards of Disclosure for Mineral Projects, has reviewed andapproved the geological information reported in this news release. TheQualified Person has not completed sufficient work to verify allhistoric information on the Property, particularly with regards tohistorical sampling, drill results, and technical work provided byNoranda and others. The Qualified Person assumes that sampling andanalytical results were completed to industry standard practices. Theinformation provides an indication of the exploration potential of theProperty but may not be representative of expected results.Forward-Looking Information and Cautionary Statements This newsrelease may contain “forward-looking information” within themeaning of applicable securities laws relating to the trading of theCompany’s securities and the focus of theCompany’s business. Any such forward-looking statements may beidentified by words such as “expects”, “anticipates”,“intends”, “contemplates”, “believes”, “projects”,“plans” and similar expressions. Forward-looking statements inthis news release include statements regarding the Company’s abilityto increase the value of its current and future mineral explorationproperties and, in connection therewith, any long-term shareholdervalue, the Company’s ability to mitigate or eliminate explorationrisk, and the Company’s intention to develop a portfolio of historicgold properties. Readers are cautioned not to place undue reliance onforward-looking statements. These statements should not be read asguarantees of future performance or results. Such statements involveknown and unknown risks, uncertainties, and other factors that maycause actual results, performance, or achievements to be materiallydifferent from those implied by such statements. Although suchstatements are based on management’s reasonable assumptions, therecan be no assurance that the Company will continue its business asdescribed above. Readers are encouraged to refer to the Company’sannual and quarterly management’s discussion and analysis and otherperiodic filings made by the Company with the Canadian securitiesregulatory authorities under the Company’s profile on SEDAR atwww.sedar.com. The Company assumes no responsibility to update orrevise forwardlooking information to reflect new events orcircumstances or actual results unless required by applicablelaw
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