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Frontline Gold Corporation announces that the Jubilee Zinc Project continues to deliver encouraging diamond drill results.
* Jubilee delivers more encouraging drill results
* Significant drill intersections include Zn/Pb of
4.8% over 10.6 metres;
2.4% over 16 metres and
2.2% over 22.2 metres
"We are pleased to announce that our 50% owned Jubilee Zinc has again delivered very encouraging drill results" said Gregory Isenor, President and CEO of Frontline. "This limited diamond drill program was a requirement of our Qualifying Transaction and we are very pleased that we were able to complete the program so quickly following approval of the Qualifying Transaction and with such good results."
A 2010 Phase I diamond drill program of 6 holes totalling 1,371 metres has been completed on the Jubilee Zinc Project with drill intersections including Zn/Pb of 4.8% over 10.6 metres; 2.4% over 16 metres and 2.2% over 22.2 metres.
Now that the 2010 Phase I drill program is complete, Frontline will operate the project under a 50/50 Joint Venture Agreement with Merrex Gold Inc. which owns the other 50% interest. Jubilee has a CIM Standards and NI 43-101 compliant resource estimate of 3.1 million tonnes grading 4.71% Zinc equivalent, including 2.1 million tonnes grading 5.6 % Zinc equivalent and 1.9 million tonnes grading 5.79% Zinc equivalent (November 5, 2007 Mercator Geological Services Limited).
The principal assets of Frontline are a 100% ownership of the Niaouleni Gold Project in Mali and its 50% interest in the Jubilee Zinc Project and ancillary zinc properties, the Cape Breton Regional Zinc Claims and the Eastville Permits, all in Nova Scotia.