Wide Intervals of High-Grade Gold at Long Canyon

VANCOUVER, BC - Fronteer Development Group Inc. reported that ongoing drilling continues to intersect wide intervals of high-grade, oxide gold mineralization at Long Canyon, Nevada.
Drill results continue to both expand and further define this growing deposit, demonstrating encouraging consistency and continuity of grade. New drill results include:
- 3.16 grams per tonne gold (0.092 oz/ton) over 59.5 metres (195 feet), including 7.08 g/t (0.207 oz/ton) over 4.6 metres (15 feet), in hole LC132.
- 6.99 g/t (0.204 oz/ton) over 13.7 metres (45 feet), including 10.26 g/t (0.299 oz/ton) over 7.6 metres (25 feet), in LC134.
- 5.19 g/t (0.152 oz/ton) over 19.8 metres (65 feet), including 13.9 g/t (0.406 oz/ton) over 4.6 metres (15 feet), in LC103C.
- 2.85 g/t (0.083 oz/ton) over 27.4 metres (90 feet), including 6.23 g/t (0.182 oz/ton) over 1.5 metres (5 feet), in LC123.
Gold mineralization at Long Canyon has now been intersected over a strike length of one mile and across multiple zones, with a geochemical footprint of at least 1,000 feet in width. The deposit remains open in all directions. A 1,500 feet gold soil anomaly to the southwest of the currently drilled mineralized zone has yet to be tested.
With drilling consistently intersecting near-surface, high-grade oxide gold mineralization, Long Canyon is developing into a high-quality gold deposit.
Fronteer is majority owner (51%) and manager of Long Canyon through a participating joint venture with AuEx Ventures Inc. (49%). Fronteer has proposed an initial joint venture project budget for Long Canyon of approximately US$3.9 million, which will see activities through to March 2009. Fronteer and AuEx will share funding obligations of this budget 51% / 49%, with each interest subject to straight-line dilution for non-participation.