Frontline Gold Corp (TSX-V:FGC)
Shares Issued 141,463,361
Last Close 1/25/2021 $0.03
Tuesday January 26 2021 - News Release
Mr. Walter Henry reports
FRONTLINE ENGAGES ORIX GEOSCIENCE INC. TO CONDUCT DATA COMPILATION AND RECOMMEND A DRILL PROGRAM FOR THE COPPERLODE PROJECT, ONTARIO
Frontline Gold Corp. has initiated a contract with Orix Geoscience Inc. to complete a comprehensive review of all existing government and past exploration data for the company's Copperlode property. Copperlode is strategically located 65 km east of Red Lake and contained within the Confederation Greenstone Belt which hosts the former South Bay Cu-Zn mine and several VMS-style occurrences and deposits ( see Figure 1 below ). Trillium Gold recently acquired a large land package contiguous to Frontline's Copperlode Property.
Orix will undertake and provide to the Company, a compilation of the approximately 82 drillholes that have been drilled on the Copperlode property.
This compilation will allow for the interpretation of assay data in a longitudinal section to provide preliminary drillhole target recommendations for the Company as it prepares for an inaugural drilling program at Copperlode in the spring of 2021.
Copperlode Project
Summary:
- Property consists of 22 claim cells and 7 boundary cells totaling 479 hectares.
- The Property is strategically located 65 km east of Red Lake and 45 km northeast of Ear Falls, Ontario. The South Bay mine road and logging roads provide excellent access.
- The claims are contained within the Confederation Greenstone Belt which hosts the former South Bay Cu-Zn mine (1.6Mt grading 2.3% Cu and 14.7% Zn) and several VMS-style occurrences and deposits (Figure 2).
- The Cycle III volcanic sequence of the Confederation Greenstone belt underlies the property and is the only volcanic cycle to host significant Cu-Zn deposits. Litho-geochemical sampling of altered volcanics indicates widespread Na-depletion and Mg-enrichment typical of VMS footwall hydrothermal alteration.
- The Copperlode Property contains 6 parallel en-echelon VMS horizons which have undergone very limited drilling. Of note is the Copperlode 'E' Zone with tonnage estimates of 300,000 tonnes grading 0.60% Cu, 4.36% Zn and 0.40 g/t Ag.
Cautionary Statement : The above tonnage estimates on the Copperlode 'E' Zone are historical in nature and non-compliant and have been taken from Ontario Ministry of Energy, Northern Development and Mines (MNDM) and Ontario Geological Survey (OGS) online database (Assessment Work Reports) AFRI 52K15NW0019.
The Company has not verified the information regarding sampling, analytical methods, and test data underlying the information.
The Company believes that the information is relevant to an appraisal of the merits of the property and forms a reliable basis upon which to develop future exploration programs. The Company will need to conduct further exploration which will include drill testing and sampling to verify historical data, and there is no guarantee that the results obtained will reflect the historical results. The mineralization reported on the adjacent properties may not be indicative of the mineralization on the Property.
Commentary
" The Company is pleased to be partnered with Orix with its sophisticated group of geoscientists that have had tremendous success in the field over the years. I very much look forward to their input of the historic drill holes previously done on the Property and their preliminary drillhole target recommendations on Copperlode for what we feel is a Property with several VMS-Style deposits that will be drill ready." said Walter Henry, CEO and President of Frontline.
Qualified Person
Mike Kilbourne, P. Geo, an independent qualified person as defined in National Instrument 43-101, has reviewed, and approved the technical contents of this news release on behalf of the Company. The QP has not completed sufficient work to verify the historic information on the properties comprising the Copperlode Property, particularly regarding historical exploration, neighbouring companies, and government geological work.
About Frontline Gold Corporation
Frontline is a Canadian junior mineral exploration company. The Company's properties include the optioned gold projects in Red Lake area of Ontario, Crooked Pine Gold Project (Ontario), Paint Lake Road Gold Project (Ontario) Cameron Lake Gold Project (Ontario), the Route 109 Gold Project and the Portage River Gold Project both in the Abitibi Region of Quebec, the Confederation Lake Project which is approx. 60 kms east of the Red Area and the Menderes gold project in the Izmir province of Western Turkey. Other Canadian exploration properties include other gold property groups in Ontario, the Whitehorse Island Mining Patents (Red Lake) including NSR's within the Pickle Lake Mining Camp.
Frontline continues to actively seek projects, and additional investor/partner(s) in order to continue to build upon its properties and net smelter return royalties.
We seek Safe Harbor.