Toronto, Ontario--(Newsfile Corp. - September 18, 2014) - Frontline Gold
Corporation (TSXV: FGC) ("Frontline" or the "Company") has learned from media
reports of an accident at an artisanal gold mine within its Niaouleni permit in
Western Mali. Frontline understands that the accident involved a collapse of
artisanal workings and a loss of life of 16 artisanal miners. The location of
the accident is understood to be approximately 500m south of the Niaouleni
permit's northern property boundary as highlighted within the shaded circled
area in the attached map.
Frontline's interest is an exploration permit only at this
stage. The Niaouleni permit covers an area of approximately 94 sq. kms.
Frontline does not have control or direction over persons living on or entering
the permit lands and was unaware of the movement of artisanal miners onto its
permit.
Frontline regrets the loss of life and continues to support and
cooperate with the ban on the dangerous practice of artisanal mining imposed by
authorities in Mali, which prohibits any gold mining activity during the winter
months in Mali from May to October of each year.
Frontline hopes that the results of further exploration will
justify construction of a safe mine with meaningful employment prospects for the
local community.
Frontline's Niaouleni Gold Project
Lies in the heart of West Mali in Africa's prolific gold belt,
and is easily accessible by paved highway approximately 150km southwest of the
capital city, Bamako. The Niaouleni area is one of the oldest artisanal workings
in Mali, dating back to the fourteenth century.
Frontline's exploration permit is situated on a 12km long gold
anomaly & structure.
Over the past 20 years, Niaouleni has had extensive historical
exploration programs, which consisted of mapping, pitting, trenching,
geophysical surveys & approximately 5,000m of limited drilling. Soil
sampling has revealed a number of significant gold anomalies close to artisanal
workings, and in areas with limited or no workings.
Exploration to date completed by the Company has included the
following:
- 13,922 metres of reverse circulation ("RC") drilling and 31 diamond
drilling holes totaling approximately 4,200m (full assay results provided in
Frontline's News releases dated February 22, 2011 and October 12, 2011);
- A new gold discovery, a 400m long strike interval carrying gold in the
bedrock. The structure is still open to the west, Hole N-11-RC-122 shows a
gold intersection of 1.95 g/t Au over 4.0 m. Other notable assays of 1.04 g/t
Au over 2m, 0.71 g/t Au over 4m, 1.66 g/t Au over 1m and 0.59 g/t Au over 3m
were intersected (full assay results provided in FGC news release dated April
7, 2011 and October 12, 2011);
- Six principal areas of alluvial and hard rock mineralization have been
identified. Rocks of the Birimian Group, divided into the Mako Series volcanic
and pyroclastic sedimentary rocks, underlie the ground. The area underlain in
Niaouleni is Diale met-sediments.
Active gold exploration projects in the immediate vicinity of
Niaouleni include African Gold Group Inc.'s Kobada Project and Golden Rim
Resources Ltd.'s Faraba Property.
About Frontline Gold Corporation
Frontline is a Canadian junior mineral exploration
company with an experienced discovery team and a proven record of
accomplishment. The Company's principal properties include the Menderes gold
project in the Izmir province of Western Turkey, the Poly and Stewart
(gold-copper polymetallic) projects in the Stewart region of British Columbia
and the Niaouleni gold project in southern Mali in the heart of West Africa's
prolific gold belt. Other Canadian exploration properties include its Red Lake
(gold) claims.
For further information, please visit the Company's website at
www.frontlinegold.com to view the most recent corporate presentation.
This news release contains forward-looking statements, which
address future events and conditions, which are subject to various risks and
uncertainties. The Company's actual results, programs and financial position
could differ materially from those anticipated in such forward-looking
statements as a result of numerous factors, some of which may be beyond the
Company's control. These factors include: the availability of funds; the timing
and content of work programs; results of exploration activities and development
of mineral properties, the interpretation of drilling results and other
geological data, the uncertainties of resource and reserve estimations, receipt
and security of mineral property titles; project cost overruns or unanticipated
costs and expenses, fluctuations in metal prices; currency fluctuations; and
general market and industry conditions.
Forward-looking statements are based on the expectations and
opinions of the Company's management on the date the statements are made. The
assumptions used in the preparation of such statements, although considered
reasonable at the time of preparation, may prove to be imprecise and, as such,
undue reliance should not be placed on forward-looking statements.
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Contact: |
Walter Henry |
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Telephone: |
(416) 362-9100 |
"Walter Henry" |
Fax: |
(416) 362-9300 |
Walter Henry, President & CEO |
Email: |
info@frontlinegold.com |
FRONTLINE GOLD CORP. |
Website: |
www.frontlinegold.com |
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Frontline Gold Corp. (TSX-V:
FGC) |
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1 Toronto Street, Suite 201 |
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Toronto, Ontario M5C 2V6 |
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Frontline's Niaouleni Gold Permit
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