Fronteer Report Bonanza Grade Gold of 583 g/t
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Topic: Uranium Mining Stocks — July 26th, 2007
Fronteer Development Group Inc has reported that they have identified a new zone at their Kirazli project about 1km west of their original resource.
This new zone boasts a magnificent 583 g/t of gold, that’s 17 ounces per ton!
Although this is just a surface sample, it is nonetheless a good sign and hopefully this news will boost the stock price of FRG.
Also in these samples were 2 outcrop samples which returned silver grades of 10.71 ounces per ton (367 grams per tonne) and 6.74 ounces per ton (231 grams per tonne) associated with 6.47 grams per tonne gold and 5.53 grams per tonne gold respectively.
As we write, FRG seems to be making a turnaround now trading at around $11.50, where today it had previously been down to near $11.00
Fronteer Development Group Inc trades as FRG on AMEX and FRG on the TSX.
Fronteer Development Group Inc: News of high grades!
Fronteer Development Group: Moved to Gold-Prices.biz
Fronteer Development: Finds High Grade Uranium
Fronteer Development Group: Up 7.96% today!
Fronteer: A quick update
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Doesn’t look like it helped too much, its back down around $11.20 or so. Overall, today is basically a train wreck in the uranium stocks.
Comment by Ryan — July 26, 2007 @ 7:03 pm
What’s this got to do with uranium?
Comment by Pat — July 27, 2007 @ 8:52 am
In a word nothing. FRG started life with us before the uranium assets were spun off in to Aurora Energy Resources of which FRG owns almost half. We could have transferred FRG to our gold site (www.gold-prices.biz) but decided to leave it on this site.
Comment by Uranium Stocks — July 27, 2007 @ 9:14 am