Fronteer aims to double gold resource base

Fronteer Development Group Inc. announces a global exploration program that aims to double the Company’s gold resource base over the next two years.

Among its extensive pipeline of gold projects in Nevada and northwestern Turkey, Fronteer currently has a full or partial interest in five growing gold deposits with NI 43-101 resource estimates. Fronteer’s current attributable global estimate comprises:

- A measured and indicated resource of 3.72 million ounces gold equivalent; and

- An inferred resource of 1.15 million ounces gold equivalent.

Fronteer aims to add significant gold ounces to its resource base and Company value by expanding existing deposits with NI 43-101 compliant resources ounces, completing project-first resource estimates and finishing preliminary economic assessments.

We believe there is an opportunity for Fronteer to become the next high-quality, mid-tier company in the gold sector, says Fronteer President and CEO Dr. Mark O’Dea.

Over the next two years, we aim to add another five-million gold-equivalent ounces to our resource base and advance key projects toward development. Several of our most exciting projects are currently unquantified in terms of their size and intrinsic value and are anticipated to play an important role in Fronteer’s near-term growth, he said.