(TheNewswire)
Toronto, Ontario – TheNewswire - January 24, 2023 –Frontline Gold Corporation (TSXV:FGC) (“Frontline” or the“Company”) is pleased to announce that rocksampling results have been received from the 2022 field program on its Epworth Property(‘the Property’), Nunavut ( see property location map at www.frontlinegold.com/epworth ). Fifty-seven rock samples werecollected, mainly along the Metallic Trend outlined in 2021 and itsstrike extension to the north and south. The Metallic Trend consistsof locally high-grade Cu-Zn-Pb-Ag mineralization and stronglyanomalous Au & Co mineralization over a strike length of 1.15 km(see Project Background below). Some sampling was also carried out atthe historical Puppet and DD North Showings (see Figure 1 Epworth Property Historic Grab SampleHighlights and Figure 2 Epworth Property 2021-2022 Grab Sample Highlights).
Additional sampling along the Metallic Trend in 2022yielded results of up to:
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8.59% Cu 884 ppb Au (with 0.18% Zn , 0.1% Co , 876 ppm As 692 ppm V ), from dolomite with red cherty fragments and stringers ofpossible chalcocite, chalcopyrite and pyrite and several % malachitestaining. These were the highest Cu, Au V grades of the 2022program.
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27.4% Zn (with 5.37% Pb , 0.22%Cu , 218ppm Co , 66 ppm Ag , 404 ppm Cd 5.64 ppm Ge ) at thesouth end of the Metallic Trend from large dolomite felsenmeer. Thiswas the highest Zn grade of both the 2021 and 2022 programs. Theprevious highest grade was 19.2% Zn at the north end of the MetallicTrend. Cd, Ge and V are common accessory elements in sediment-hostedZn-Pb-(Cu) deposits.
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16.7% Pb 71.4 ppm Ag (with 8.26% Zn ), also at the south end of the Metallic Trend, from a sampledescribed as white dolomite with minor contorted red chert bands and10% galena from frost heave. Possible dissolution collapse breccia wasnoted here. This was the highest Pb value obtained along the MetallicTrend from both the 2021 and 2022 programs.
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1420 ppm Co 7190 ppm As (with 1.31% Cu , 532 ppmPb , 296ppm Zn 63 ppb Au ) from an additional sample at the Metallic Showing,described as white-grey dolomite with malachite and azurite staining,pyrite, galena and sphalerite.
Sampling up to 175 m north of the north end of theMetallic Trend yielded Cu-in-rock anomalies up to 0.15%. Sampling up to1.5 km south of the south end of the Metallic Trend yielded anomaliesin rock up to 0.61%Cu , 0.75% Zn , 0.46% Pb and 201 ppm Co . Anomalous Zn-Pb-Cu mineralization is now confirmed along a2.8km strike length (‘Extended Metallic Trend’), (see Figure 2 Epworth Property2021-2022 Grab Sample Highlights).
The Metallic Trend follows the contact zone betweenUpper Odjick Formation shales and Lower Rocknest Formation dolomites,often forming a valley which can be up to 100 meters wide.Mineralization occurs within grey (reduced) Rocknest dolomite flankedby red (oxidized) dolomite. Redox boundaries are thought to be acrucial control on mineralization, along with major faults andcollapse breccias. Data collected during the 2022 program suggest thatthere are at least two parallel reduced, mineralized horizons alongthe Trend. Multi-station geochemical anomalies appear to support this(see Nov 3, 2022 newsrelease ). Where exposed on surface, themineralized horizons are up to 12 meters wideand host sulphide-rich quartz-carbonate veins up to 0.4 meters wide.Alternatively, these ‘parallel horizons’ may be explained byrepetition of a single horizon by folding or structural duplication bythrust faulting. Larger-scale folding and / or thrusting likelyexplains the parallel trends that exist to the west and east of theMetallic Trend (e.g. the Payback Trend, Puppet Showing, DD Showing andDD North Showing, see Project Background below and Figure 1 EpworthProperty Historic Grab Sample Highlights).Future diamond drilling programs should help establish the geometriesof these zones and their vertical extent.
Sampling at the historical Puppet and DD North Showingsin 2022 yielded values up to 2.72% Zn , 0.62% Cu , 1.24% Pb , and 386 ppmCo .
Project Background:
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 1 ). Historical surface grab sampleshave reported spectacular high-grade mineralization including:
- 61.2% Cu & 5600 gpt Ag (Payback Showings)
- 19.22% Zn with 810gpt Ag , 3% Cu & 1.86 gpt Au (Metallic Showing)
The Metallic trend was identified in 2021 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 (felsenmeer, frost boilrings) and outcrop were found to extend much further to the south thanpreviously identified, along a well-definednorth-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 , 356 ppmCo & 45 ppm Ag ).
- 3.01 gptAu (with 7860 ppm Cu & 579 ppm Co ).
- 19.3%Zn , 10%Pb & 1130 ppm Ag (with 1.85 gpt Au , 3.01% Cu & 1010 ppmCo ).
- 1700 ppmCo (with 201 ppb Au , 6090 ppm Cu , 8.93% Zn , 1.78%Pb & 154 ppm Ag ).
Figure 1 : Epworth Property HistoricGrab Sample Highlights
Figure 2 : Epworth Property 2021-2022Grab Sample Highlights
Property Geology:
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 new high-grade Zn, Pb and Cu results returned fromthe 2022 program, confirming the robust nature of the system andpotentially more than doubling the length of the overall mineralizedtrend. 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 planning an initial diamond drillingprogram to test the rock and soil anomalies obtained on surface in the2021 and 2022 field programs. We also look forward to presenting the property at booth 428 at VRIC(Cambridge House) in Vancouver from Jan 29 th to Jan 30 th .”
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 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) 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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