Another News Release...Frontline to conduct exploration at Chukuni, Cameron 2017-02-15 20:39 ET - News Release
Mr. Walter Henry reports
FRONTLINE'S SUMMARY AND UPDATE OF ITS ONTARIO EXPLORATION PORTFOLIO AND NSR
Frontline Gold Corp. has provided a summary and update on its Ontario exploration and net smelter royalty portfolio. The current Ontario Exploration Portfolio exploration properties in internationally known gold mining districts (see attached Ontario Property Map) consist of:
Red Lake Gold exploration properties consisting of 16 claims, totaling 6,400 acres on 160 claim units adjoining Pure Gold's Madsen Mine to the east and the south. This land package combined with the Company's Chukuni and White Horse Island Projects, provides the Company with one of the largest exploration land packages within the Red lake District totaling just 9,600 acres.
The Chukuni property which consists of seven contiguous claims, totaling 2,960 acres on 74 claim units. The Chukuni property is attractive given i) the proximity to Goldcorp's Red Lake Gold Mine, and the proximity to Goldcorp's #3 Mine shaft, located approximately 3.5 kms north of the Chukuni property boundary; ii) the strategic location of the group in the Red Lake Gold District and the property being directly contiguous to Goldcorp's Red Lake Property both on northern and eastern property boundaries of the Chukuni property and iii) that the known gold occurrences have not been revisited in any detail located within the property claim group.
Frontline is planning to undertake an exploration program at the property area to get a better understanding of the geology and to follow-up on the known gold occurrences. The program is scheduled for early summer of 2017.
Whitehorse Island property comprised of two contiguous claims, totalling 35.55 hectares hosts the Whitehorse Island gold shaft and are situated between the Goldcorp / Premier Gold Rahill-Bonanza Gold Property and Premier Gold's Hasaga Gold Property
The Whitehorse Property has seen considerable past exploration. The Property has been explored and drilled quite extensively around the historic Orlac deposit, discovered by Orlac Red Lake Mines Ltd in 1946-47, with excellent gold assays including Hole #NBZ-88-10 drilled by Pure Gold Resources in 1988, which graded 4.53 g/T over 26m with a 5.5m interval grading 13.65 g/T, 3.3m grading 22.22 g/T and 2m grading 34.94 g/T.
Cameron Lake Property Group consists of a 100% interest in seven (7) gold properties in the Rainy River area of Ontario ("Rainy River Properties") which are strategically located adjacent to First Mining Finance's Cameron Gold Project ("Cameron Gold Project") in the Rainy River area. Frontline's properties comprise 7 individual property groups covered by 21 mining claims
The Cameron Gold Project is located in the mineralized Kakagi Lake Greenstone Belt of the Archean-aged Superior Province located in the Kenora township in southwestern Ontario. In December, 2015, Chalice filed a Technical Report (the "Report") entitled "Technical Report on the Cameron Gold Deposit, Ontario, Canada". The Report included a resource estimate for the Cameron Gold project which, at a cut-off grade of 0.50 g/t gold, is estimated to have Measured and Indicated Resources of 7,824,000 tonnes grading 2.26 g/t gold (569,000 Au ounces) and Inferred Resources of 14,464,000 tonnes grading 1.92 g/t gold (894,000 Au ounces) (source: First Mining Finance website).
The two key properties of focus within this property group are the following:
- Flint Lake - The Project claims are located along the Pipestone Cameron Fault with the group adjacent to Chalice Gold's Cameron Gold property that hosts its Dogpaw and Dubenski deposits. Frontline's specific rationale in acquiring this land package has to do with its mandate to strategical add undervalued gold exploration properties where the cost to maintain the properties is minimal. As noted in the table below, this claim package has a combined C$417,631 in banked assessment credits; after the current maturity dates of land claims 2019/2020, the combined $11,200 in annual required work on the group would be covered for the next 30 plus years by the banked assessment credits.
- Sandhill Lake Gold Project - 3 claims, (400 hectares) located in the Brooks Lake Area and adjacent to Cameron Gold Project where Chalice did its 2015 Cameron Rock Chip and Soil Programs . As noted in the referenced press release, a new mineralised zone was defined along a major northwest-trending mafic-intermediate volcanic contact along the Pipestone fault with no historical mineralisation having been documented from this area. Highlights of results of rock chip sampling at Pipestone prospect were 3 samples assaying: 2.19 g/t Au, 1.62 g/t Au and 1.37 g/t Au.
Frontline is planning to undertake a $20,000 exploration program at this project area to get a better understanding the geology, map any vein outcrop and to undertake a rock chip and soil program to follow up on the results announced by Chalice Gold on December 7, 2015. This program is scheduled for May 2017.
Zealand Properties consist of a total of 72 claim units covering 1,152 hectares. All of the claims are located on or near the project boundaries to Treasury Metals' ("Treasury Metals") Goliath Gold Project. The Treasury Metals Goliath Gold Project is located in the Abitibi greenstone belt of Ontario and Quebec which is one of the world's main sources of gold.
Key claims of focus within these properties are:
- i) five claims, totaling 464 hectares on 29 claim units located on or near the western property boundary to Treasury Metals' Goliath Gold Project; and
- ii) three claims, totaling 112 hectares on 7 claims units which have previously been identified to host the Northern Queen Occurrence and Gold Shaft and the Northern Queen Gold Mine. The distance been the location of the Northern Queen Occurrence and Shaft and the location of the Northern Queen Mine is approx. 400 metres.
Northern Queen Gold Occurrence and Shaft - Grab samples taken in October 1984 from the felsic dikes, altered mafic metavolcanics, sulphide-rich material, and quartz veins all assayed trace amounts of gold with minor Cu and Zn values. Highest recorded - 0.02, 0.04, 0.08, 0.22 oz. per ton Au.
The Northern Queen Gold Mine - AMIS site - Based on following Northern Queen Gold Mine references in the "REPORT OF THE BUREAU OF MINES VOLUME VII FIRST PART 1898":"The vein is traceable for several hundred yards and it is said for miles. Shots have been put in at several points a seven by nine shaft has been sunk to a depth of 40 or 50 feet.;
Frontline is planning to undertake a $20,000 exploration program at the Northern Queen Gold Mine and Northern Queen Gold Occurrence area to get a better understanding of the geology, map any vein outcrop and to take some assays to ultimately confirm the above noted findings. The program is scheduled for May 2017.
Confederation Lake Project
the Property hosts a number of historical Cu-Zn bearing massive sulphide and stringer sulphide mineralized zones, hosted in strongly altered felsic volcanic pyroclastic rocks. The mineralization and associated alteration are typical of Archean Cu-Zn VMS deposits similar to the Mattab-type VMS deposits occurring in the Sturgeon Lake Mining Camp.
Frontline is in advanced discussions with two groups looking to joint venture this Project.
Birch-Uchi Greenstone Belt exploration property, which is adjacent to Sabina Gold and Silver's Golden Sidewalk property, hosts the past-producing Bathurst Mine;
Production Royalty and Net Smelter Royalty on a portion of First Mining Finance's Pickle Crow Gold Project which was acquired from PC Gold Inc.
Commentary
Frontline's President and CEO, Mr. Walter Henry, said, "The Ontario Portfolio of exploration properties that the Company has currently accumulated provides the Company with numerous early stage exploration projects to advance, all strategically located within internationally known gold mining districts."
Frontline continues to actively seek additional investor/partner(s) 1) to jointly fund exploration an development on all its Ontario Properties. To contact Frontline, please call Walter Henry at 416-414-5825 or visit the Company's website.
Frontline did not complete the work required to verify the historical mining estimates noted above and is not treating these historical estimates as being compliant with current standards under NI 43-101 and as such these historical estimates should not be relied upon. Caution should be used when evaluating these resources as they were calculated prior to NI 43-101 existing and a qualified person has not done work to classify the historical estimate as a current mineral resource.
About Frontline Gold Corporation
Frontline is a Canadian junior mineral exploration company. In addition to the Ontario Exploration portfolio discussed above, the Company's international principal properties include the following:
Keban Tailings Project
Menderes Gold Project
Niaouleni Gold Project
The technical information herein was reviewed by Mr. Greg Isenor, P. Geo., who acts as Frontline's Qualified Person as defined by National Instrument 43-101.