TSXV:FGC.H - Post by User
Comment by
inseon May 17, 2021 2:43pm
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Post# 33215303
RE:Gold Is Going Nuts
RE:Gold Is Going Nuts With all the positive things happening at Frontline Gold with regard to their many highly prospective properties (Crooked Pine, Route 109, NE Bachelor, Copperlode, Menderes, among others), FGC should be trading higher than 0.03-0.035. Significantly higher.
Nice to see today's announcement of follow up IP work being done at Route 109, after the sucessful completion of a high resolution heli-borne magnetic survey on the property announced at the start of the year.
“The quality of the high-resolution magnetic survey compared to what was previously available on the Property provides an exciting base of understanding in an area of very low outcrop exposure. Geophysics has been historically an important tool along the Casa Beradi belt for discovery and we look forward to receiving the data compilation and the recommendations from Laurentia Exploration that will direct our fieldwork and drilling program in 2021,” said Walter Henry President and CEO of Frontline.”
Route 109 Project
Route 109 Property consists of 100 mining claims in the Province of Quebec covering 5,588 hectares. It is contiguous to the recently announced 50-50 joint venture between Maple Gold's Douay Project and Agnico Eagle's Joutel Project that has been a consolidated into a joint property package. The Property is located along the Casa Beradi belt which hosts the Douay Gold deposit and Eagle-Telbel Zn-Cu deposits (Maple Gold Mines/Agnico Eagle joint venture), the Vezza Gold deposit (Nottaway Resources) and the N2 Gold Project (Wallbridge Mining) (Figure 3).
The Route 109 Property has seen little historical drilling in a geological environment where significant intersections have been encountered in historical drilling. These include DH 92-CA-A-05 which intersected 0.608 g/t Au over 10.8m, DH 92-CA-A-15 which intersected 102.4 g/t Ag over 2.45m and DH 96-Ca-A-20 which intersected 1.13 g/t Au over 45m which includes 10.95 g/t Au over 4m. The above drill intersections occur along the northern boundary. The above information provides an indication of the exploration potential of the Route 109 Property and may not be representative of expected results.
Figure 3. Route 109 and Agnico Eagle-Maple Gold high resolution heli-borne magnetic survey coverage)
I can't help but connect the dots in terms of Route 109's immediate proximity to the Maple Gold / Agnico Eagle JV Douay Gold Project. I have to believe that Route 109 is of real interest to Maple Gold / Agnico Eagle, and I'm excited about the potential positive implications for our share price.
And let's not forget about the recently announced drill program at Menderes. With some good drill results, FGC could move over 0.10 in a hurry on this alone.
FGC is a real wild card.
GLTA