Fronteer fast-tracks Nevada Gold Project w/ Newmont
Fronteer is in a joint venture with Newmont Mining Corporation. They’re after gold in Nevada:
Fronteer Development Group Inc…. has finalized an option and joint-venture agreement with its senior Nevada partner, Newmont Mining Corporation to advance the Company’s … Nevada Gold project”
From the CEO:
“This deal is important to Fronteer because it maximizes Sandman’s near-term production potential by leveraging Newmont’s proven experience, expertise and nearby infrastructure,” says Fronteer President and CEO Dr. Mark O’Dea. “The agreement also frees up both our human resources and financial capital to focus on advancing our other high-priority Nevada gold projects.”
Gold Investing News researchers discovered Fronteer’s Sandman project described at Fronteer web site. The news report is at Yahoo. the Fronteer website includes more detail including this on the Sandman gold project:
“Infrastructure surrounding Fronteer’s Sandman project is excellent. The property is close to Newmont’s Twin Creeks mine, eliminating the need for a stand-alone milling facility and other significant capital expenditures if the project were to proceed to production…Sandman’s deposits, partially defined by drilling, are geologically tied together by the King River Rift and are close to Sleeper, Jumbo, Blue Mountain and Winnemucca Mountain properties..The project’s deposits are near-surface, open-pit mineable and contain significant heap-leachable free gold. Numerous geochemical and geophysical anomalies present attractive exploration targets. Recent drilling has further strengthened the economic significance of its Sandman project, including intervals of 3.37 grams per tonne gold over 15.24 metres.”
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Wed, Jun 18, 2008
Post by Melissa Pistilli, Gold Senior Reporter