Frontline Announces Drill Contract for Menderes Gold Project, Located in SW Region of Turkey
For Immediate Release
Toronto, Ontario – (May 6, 2021) – Frontline Gold Corporation (TSX-V:FGC) (“Frontline” or the “Company”) announces that it has re-initiated exploration work at its Menderes Gold Project (“Menderes” or the “Property”) in Turkey. The Company has signed a drilling contract with AHSA Müh.Müt.İnş.Mad.San. ve Tic.Ltd.Şti. for a diamond drilling program for up to 1,000 metres. Mobilization of the drill rig and crew is expected to start in mid May with drilling commencing in early June 2021.
Menderes Gold Property Highlights
Frontline, through it’s 100% owned Turkish subsidiary, holds the Menderes Gold Project, a 6,194 ha (62 km2) contiguous land package located near the village of Efemcukuru, located only 20 km from the provincial capital of Izmir, Western Turkey. The permits that make up the Menderes Gold Project were acquired for their excellent potential to host intermediate sulphidation epithermal gold-bearing vein systems similar to those found within Eldorado Gold's Efemcukuru gold mine. Production forecast for 2021 at the Efemcukuru gold mine is 110,000 ounces of gold at a grade of 6.6 gpt Au (https://www.eldoradogold.com) (Figure 1).
Figure 1. Efemcukuru gold mine vein system of Eldorado Gold adjacent to Frontline Gold Menderes property, Turkey.
Drilling Objectives
The current exploration focus at Menderes will concentrate on the southeastern strike extension of the Kokarpinar vein system with current inferred resources of 2.3Mt grading 6.64 gpt Au for 491,000 ounces of gold (43-101 Technical Report, Eldorado Gold, 2019). Drilling by Eldorado Gold has been testing for the Kokarpinar extension within 20-100m of Frontlines property boundary.
The inaugural diamond drilling program consisting of 1,000 metres is based on a compilation and integration of all exploration data to date and will test Priority 1 epithermal gold targets. These include:
The extension of the upper epithermal Kokarpinar gold-bearing vein of Eldorado Gold’s Efemcukuru Gold Mine Complex adjacent to Frontline's permit boundary on the west, with drill targets P13, P14 and P15 (Figure 2). The P13 target is approximately 20 metres from the Frontline-Eldorado mutual boundary
Drill targets, P13, P14, and P15 will also test an IP anomaly which was described as "very strong" by JVX Ltd. who performed the IP survey and interpretation in 2011. The IP anomaly covers an area 400 m wide by 300 m long located in the northern part of the grid. The IP anomaly is associated with a moderate resistivity 'low', is coincident with anomalous soil samples ranging from 5 to 179ppm, surface grab samples from trace to 2.83 gpt Au and historical underground workings.
The Devedüzü vein system at depth, a newly discovered epithermal vein system (approximately 1 km in strike length), with drill targets P10 and P11 (Figure 1 and 2), is along strike of the lower vein of the Kokarpinar vein system. Sampling of the Devedüzü vein system by Frontline has returned a 0.269 gpt Au value from a surface grab sample. The grab sample represents one of the highest values for a surface sample taken in the vicinity of this vein system.
Figure 2. Schematic cross-section of drill targets along strike of the Kokarpinar vein system.
Commentary
"We are extremely excited to have re-initiated the work exploration program at Menderes. The Menderes Property is a new drill target asset of Frontline. The positive results of the prior soil and geochemical sampling, and the identification of two IP anomalies associated with gold mineralization only 1.2 km east of a producing mine, the advisability of an expanded soil and geochemical sampling program, combined with the operating success of Eldorado’s Efemcukuru gold mine, the excitement over initial diamond drilling program on the Menderes Project is easily understood." said Frontline’s President and CEO Walter Henry.
Mike Kilbourne, P. Geo, an independent qualified person as defined in National Instrument 43-101, has reviewed, and approved the technical contents of this news release on behalf of the Company.
The QP has not completed sufficient work to verify the historic information on the properties comprising the Menderes, particularly regarding historical exploration, neighbouring companies, and government geological work. The information provides an indication of the exploration potential of the Property but may not be representative of expected results. Grab samples are selective in nature and are not necessarily indicative of the mineralization on the Property.
About Frontline Gold Corporation
Frontline is a Canadian junior mineral exploration company. The Company's properties include the optioned gold projects in Red Lake area of Ontario, Crooked Pine Gold Project (Ontario), Paint Lake Road Gold Project (Ontario) Cameron Lake Gold Project (Ontario), the Route 109 Gold Project and the Portage River Gold Project both in the Abitibi Region of Quebec, the Confederation Lake Project which is approx. 60 kms east of the Red Area and the Menderes gold project in the Izmir province of Western Turkey. Other Canadian exploration properties include other gold property groups in Ontario, the Whitehorse Island Mining Patents (Red Lake) including NSR’s within the Pickle Lake Mining Camp.
Frontline continues to actively seek projects, and additional investor/partner(s) in order to continue to build upon its properties and net smelter return royalties.
Further information about the Company is available on the Company’s website, www.frontlinegold.com , or our social media sites listed below:
Facebook: https://www.facebook.com/Frontline Gold Corp./
Twitter: https://twitter.com/frontlinegold
Linkedin: https://www.linkedin.com/company/frontline-gold-corp-fgc-
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”
Walter Henry, President & CEO
FRONTLINE GOLD CORP.
Contact: Walter Henry
Phone: (416) 861-9090
Email: info@frontlinegold.com
Website: www.frontlinegold.com
Frontline Gold Corp. (TSX-V: FGC)
372 Bay Street, Suite 301
Toronto, Ontario M5H 2W9
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