Frontline Gold Secures Mining Claims Between Goldcorp and Premier Gold Properties

Frontline Gold (TSX:FGC) has acquired a 100 percent interest in the Whitehorse island property. Whitehorse is located between the Rahill-Bonanza gold property, owned by Goldcorp (TSX:G) and Premier Gold (TSX:PG) and the Hasaga property, owned by Premier.
As quoted in the press release:

The Noramco estimate constitutes a ‘historical resource’ with respect to NI 43-101. The resource was calculated after compiling and reviewing historic data for the property and is based on primarily the 1987-88 Noramco Mining Corporation drill program, consisting of 48 holes totaling 6,637 metres, with additional data from the subsequent, 1988-89 program with 34 holes drilled totaling 4,785 metres. There had been considerable earlier drilling including from 1946 to 1965, by Orlac Red Lake Mines Ltd., & from 1948 to 1965, by Cable Mines & Oils Ltd, and that data comprises the historic resource referred to as (Cable Mines & Oils Ltd, 1948) as compiled by Noramco.
Frontline has not completed the work required to verify these historical estimates and is not treating these historical estimates as being compliant with current standards under NI 43-101 and as such these historical estimate should not be relied upon. Caution should be used when evaluating these resources as they were calculated prior to NI 43-101 existing and a qualified person has not done work to classify the historical estimate as a current mineral resource.
Frontline is actively searching for a joint venture partner(s) in order to explore the Corporation’s mineral properties in the Red Lake. To contact Frontline, please call Walter Henry at 416-414-5825 or visit the company’s website.
The technical information herein was reviewed by Mr. Greg Isenor, P. Geo., who acts as Frontline’s Qualified Person as defined by National Instrument 43-101.

Frontline president and CEO, Walter Henry, said:

The Whitehorse Island mine patents are an excellent addition given the strategic position of the patents between Goldcorp/Premier’s Rahill-Bonanza joint venture project which is adjacent to Goldcorp’s Red Lake Gold Mine and Premier’s Hasaga property. The low acquisition cost of the land package combined with no annual property expenditure requirements allows Frontline to continue to grow its portfolio of strategic land packages in the Red Lake Gold District. The Whitehorse Island patents are a key addition given 1) the proximity to Goldcorp’s Red Lake Gold Mine, 2) the strategic location of the patents between the Rahill-Bonanza and Hasaga gold properties and 3) given that the patent group is host to the Whitehorse Island gold shaft (see attached map).

Click here for the full press release.