Fronteer samples Ontario properties

Fronteer Development Group (YFV-V) has completed an initial exploration program on their Sandy Point and Shanty Bay properties about 100 km northeast of northwestern Ontario’s Red Lake gold camp.

Twenty-two rock samples and 145 soil samples collected from the 4.3-sq.-km Sandy Point. Grab sampling returned between 1.7 and 13.8 grams gold per tonne. Significant results from chip sampling include 1.7 metres grading 12.6 grams gold and 1 metre of 2.6 gram gold. The property is underlain by late Archean mafic volcanic strata and intercalated magnetite iron formation.

Gold mineralization is localized along silicified and pyritized east-west striking axial zones of tightly folded iron formation. Soil geochemistry suggests that gold mineralization extends for at least 70 metres to the southwest of the showing. Further infill soil sampling, and detailed ground geophysics is planned in anticipation of drilling.

Select chip sampling results from the 3.8-sq.-km Shanty Bay property include 1.75 metres running 3.4 grams gold, 1.2 metres of 11.43 grams and 0.5 metre of 7.34 grams. Grab sampling returned up to 9.95 grams gold. Fronteer plans additional detailed ground geophysical and soil sampling surveys aimed at defining drill targets.

Under an option agreement Talus Ventures (TVV-V) must spend $100,000 on the two properties by August 2002.

Nearby, Fronteer and Glenhaven Ventures (GHM-V) recently wrapped up an exploration program on the Birch Lake project. Rock samples from three copper-gold showings on the 13.3-sq.-km Swain East property returned up to 18.6 grams gold per tonne and 3.9% copper. Grab samples from the Mink Lake property yielded up to 35.6 grams gold, with gold values typically between 1 and 5 grams gold. Mapping on the Grace Lake property failed to turn up the source of a coincident magnetic and conductivity anomaly on which the property is centred. Preliminary exploration on two other properties failed to return significant results.

Under the terms of an option deal, Glenhaven must spend $250,000 on the properties by April of 2003. Glenhaven must also pay Fronteer $10,000 in cash and issue 100,000 shares.

Further exploration is planned ahead of a drill program.