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Frontline Gold Corp V.FGC.H

Alternate Symbol(s):  FLDPF

Frontline Gold Corporation is a Canada-based junior mineral exploration company. The Company's properties include the optioned gold projects in the Red Lake area of Ontario, Cameron Lake Gold Project (Ontario), the Portage River Gold Project in the Abitibi Region of Quebec, the Confederation Lake Project which is approximately 60 kms east of the Red Area and the Menderes gold project in the Izmir province of Western Turkey. The Company’s other Canadian exploration properties include other gold property groups in Ontario and include the Whitehorse Island Mining Patents. In addition, the Company has a large NSR package on about four separate gold property groups in Red Lake, which are presently under option for Pacton Gold. The Cameron Lake/Flint Lake Property is located in the Rainy River area, Ontario. The Copperlode Property lies within the Confederation Lake Greenstone Belt 40 to 60 kilometers southeast of Red Lake, Ontario.


TSXV:FGC.H - Post by User

Bullboard Posts
Post by goldmembon Sep 08, 2016 12:46pm
153 Views
Post# 25218420

Great Opportunity

Great Opportunity

I talked to Walter Henry for clarification on the current outlook of the company. He currently isn’t taking any salary and the long term debt is being written off near the end of the year. They have a $450,000 unsecured loan for the tailings project and with it being unsecured should the debt somehow not be repaid they wont have any rights to any of their properties. They have started crushing and trucking the tailings, so this will start generating some nice cash flow going forward. They plan on Drilling Menderes project which is directly beside Eldorado’s Efemcukuru project which this year is projected to process 450k tonnes grading 7.5 GPT. Eldorado drilled 5m from the boundary and hit significant grading gold in this area. This property has also had many LOI to JV.

He also explained the Mali project has two majors looking into a Joint venture.

Many more positives about this company,

Goldmemb

Bullboard Posts