Frontline Gold Corporation Announces Exploration Update Relates to Red Lake Area Properties
May 29 14
Frontline Gold Corporation announced an exploration update as it relates to it Red Lake Area properties. The corporation's Red Lake area gold properties comprise of five claim groups totaling 166 individual claim units located approximately 80 kilometres eastnortheast of the town of Red Lake, Ontario. The properties are known as: Shabumeni (71 units), Shabumeni River (16 claims), Skinner (40 units), Women River (30 units), and Confederation Lake (9 units). The Red Lake properties cover a geological environment similar to that of the prolific Red Lake gold belt. The Skinner property is adjacent to Sabina Gold and Silver Corp.'s Golden Sidewalk Property which hosts the pastproducing Bathurst Mine. The Shabumeni River property is adjacent to Gold Canyon Resources Inc.'s Springpole Gold Project. The Corporation is currently awaiting approval of its application to have the claim due dates extended for its Shabumeni, Shabumeni River and Women River properties. The Corporation is optimistic that approval will be received in due course. A 2011 exploration program completed and announced by the Corporation, highlighted: In September, 2010, on Skinner Property, the Company carried out a prospecting and sampling program that returned grab samples of up to 19.7 g/t Au, 13.6 g/t Au and 6.8 g/t Au. To follow up on these grab samples an exploration program comprised of line cutting, detailed ground magnetics, prospecting, overburden stripping and sampling was commenced in May 2011 and completed in late July 2011. The program was focused on trying to identify rock types, alteration and structural settings associated with gold mineralization. The stripping was completed in five areas and a total of 25 grab and 20 channel samples have been sent to the laboratory for assay. Grab samples of the mineralization confirmed the previous sampling results with assays of 14.6 g/t Au, 14.4 g/t Au, 22.8 g/t Au, 2.8 g/t Au and 1.8 g/t Au. Channel samples of out crops thought to be on strike returned 0.02 and 0.03 g/t Au over 1.0 metres. After detailed geological mapping of the trenches it was determined that assay values are directly related to the arsenopyrite content. The areas of the grab samples were of < 1% arsenopyrite whereas the grab samples are had a minimum of 3% arsenopyrite. The area of the Skinner property has poor outcrop exposure and a soil sampling or soil gas hydrocarbon program is recommended to help define the arsenic trends that are associated to the gold mineralization. 2011: The highlight of the exploration program was the reexamination of a showing on the Shabumeni/East Swain claim group, comprised of a 12 metre wide shear zone expressed on a 1.5 metre face that crosses strike. A series of 18 grab samples were taken as grabs across the strike sampling all rock types. The grab samples assayed (from south to north) 0.56 g/t Au, 0.70 g/t Au, 1.26 g/t Au, 2.00 g/t Au, 1.24, 0.53 g/t Au, 0.92 g/t Au, 0.94 g/t Au, 0.64 g/t Au, 1.05 g/t Au, 0.14 g/t Au, 2.02 g/t Au, 1.70 g/t Au, 0.85 g/t Au, 0.51 g/t Au, 1.67 g/t Au, 0.05 g/t Au and 0.11 g/t Au. The zone is comprised of a moderately to strongly sheared metavolcanics with sugary quartz stringers, minor carbonate and up to 5% disseminated pyrite. The eastern portion of the Shabumeni claim group was the principal focus of this year's prospecting and sampling program. The program was comprised of evaluating three historically defined gold showing. The two known showings were the North and South showings with base metal mineralization noted in the South showing. The sampling of the North showing returned assay values of 18.4 g/t Au and 8.3 g/t Au from grab samples. Channel samples returned values of up to 0.323 g/t Au. The geological mapping has defined the mineralization as being strongly mineralized quartz pods. The South showing is comprised of similar paddy mineralization associated with strong copper mineralization. Grab samples of the South showing included assays ranging from 0.04 g/t Au with 0.02 % Cu and 1.106 g/t Au with 3.0% Cu. There is a marked relationship of increased gold values with increased copper mineralization. Channels sampling of the South showing was impeded by the topography and poddy nature of the mineralization. Sampling across the shear structure returned approximately 0.1 g/t Au and 0.3% Cu over 3.0 m and an individual sample of 0.388 g/t Au and 2.2% Cu over 1.0 m. The Corporation is currently evaluating an exploration program for its Red Lake Area properties to be conducted later in 2014. It is also currently evaluating acquisition and staking opportunities throughout the Red Lake area.
Frontline Gold Corporation Auditor Raises 'Going Concern' Doubt
Apr 30 14
Frontline Gold Corporation filed its Annual on Apr 30, 2014 for the period ending Dec 31, 2013. In this report its auditor, Morgan & Company, gave an unqualified opinion expressing doubt that the company can continue as a going concern.
Frontline Gold Mulls Alternatives
Mar 31 14
Frontline Gold Corporation (TSXV:FGC) continues its process of identifying, examining and consideration of a range of strategic alternatives available to Frontline Gold with a view to enhance shareholder value. Strategic alternatives may include, but are not limited to, enhancing its current land positions through strategic share-based deal acquisitions, a sale of all or a material portion of the assets of Frontline, either in one transaction or in a series of transactions, the outright sale of Frontline Gold, or a merger or other business combination transaction involving Frontline and a third party.