Fronteer Gold Inc FRG:CA reported drill results from its Sandman Gold Project in Nevada. Assay highlights include 1.54 g/t gold over 37.5 metres (including 8.83 g/t over 2 metres), 1.27 g/t over 27.1 metres (including 3.11 g/t over 6.83 metres) and 7.75 g/t over 3.96 metres.
Fronteer’s joint venture partner, Newmont Mining Corporation, has the option of advancing the gold project to a production decision by 2011. As part of the agreement, Fronteer can elect to have Newmont arrange financing for its 40% of development costs.
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by Ted Niles