Frontline Gold submits application for operating license on the Menderes project; plans to complete further soil sampling
TORONTO, ONTARIO–(Marketwire – June 5, 2012) –
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Frontline Gold Corporation (TSX VENTURE:FGC) (“Frontline” or the “Company”) is pleased to announce that it has submitted the necessary application for the operating licenses with the MIGEM (Turkish Republic Ministry of Energy and Natural Resources) for its Menderes Gold Project (“Menderes”). The license application covers three of the four permits that comprise the Company’s Menderes project (see attached Map A). The operating licenses are expected to be issued by the end of the Q2 2012. The license application, which was based on a detailed description of the Menderes project and the work completed on the project since Q1 2011 was submitted to the Turkish Mining Bureau. This license will allow Frontline to hold the permits for a further 10 years and continue its exploration at Menderes. Several high priority drill targets exist on the Menderes project and the Company is currently permitted to drill 20 holes at the property.
The Company is also pleased to announce that it has initiated further surface soil sampling work at Menderes on its Camtepe permit. The soil geochemical sample survey program is being conducted over an area of approximately 414 hectares covered by the permit (see Map B).
The soil and geochemical sampling program will consist of 1,089 soils samples with each sample spaced 40m horizontally and 100m vertically between samples. To date over 250 soil samples and 25 rock samples have been collected. In addition, a number of new silicified zones and epithermal vein systems have been discovered. The zones and vein systems are NW-SE trending, similar to what was previously identified at the Menderes project. Prospecting and mapping is ongoing and a soil anomaly contour map will be completed when all assays results have been received, which is expected by Q3 2012.
The Menderes project remains a very high priority for the Company. The Company continues to assess advanced project opportunities and permits to add to its Turkish gold portfolio.
Menderes is located in Izmir province, western Turkey, and the property, located only 20 km from the provincial capital of Izmir, consists of 62 km2 in a high potential epithermal gold environment. The exploration focus of Menderes is the eastern strike extension of Eldorado Gold Corporation’s Efemcukuru gold mine, which began operation in mid-2011.
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 flagship properties include the Menderes gold project in the Izmir province of Western Turkey and the Niaouleni gold project in the heart of Mali South in West Africa’s prolific gold belt and. Ongoing Canadian exploration includes the Poly (gold VMS) and the Stewart (gold-copper porphyry) projects.
For further information, please visit the Company’s website at www.frontlinegold.com to view the most recent corporate presentation.
The Qualified Person under National Instrument 43-101-Standards of Disclosure for Mineral Projects (“NI 43-101”) for this News Release is Gregory P. Isenor, P. Geo., consultant to the Company, who has reviewed and is responsible for the technical information presented in this news release.
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.
Walter Henry, President & CEO
FRONTLINE GOLD CORP.
To view the maps associated with this press release, please visit the following links:
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