Thursday
Jul262007
Fronteer Report Bonanza Grade Gold of 583 g/t
Thursday, July 26, 2007 at 02:01PM
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.
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.
Reader Comments (3)
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.
What's this got to do with uranium?
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.