In addition, the Company is pleased to announce the following:
1) that previously announced tailings tonnage at Kambertepe which were thought to be approximately 6,000 tonnes has now been estimated to be in the range of 15,000 – 20,000 tonnes of tailings based on a larger surface area and an increase in the depth of the tailings. The following average reported grades per tonnes of tailings: 2.1% Au, Ag 21 g/t , 1.9% Zn, 0.5% Titanium and 50% 50% Fe, as noted from the Firat University report on the Kambertepe project dated March 15th , 2016;
2) the Company is in advanced discussions regarding the acquisition of 2-3 new tailings areas all within the Elazig region of Turkey. The timing on the completion of these new tailings is expected to be within the next 45 days; and
3) the excavating and transportation of the Kambertepe tailings to the processing facility continues.
Keban Tailings Assays
The following is a summary of the assayed results for gold, silver, lead, and zinc. Note that out of the 14 assayed samples, 7 assays show Zn %/t over 5 %/t, including 3 assays with Zn levels over 10%/t with the highest Zn value being 14.1%/t. In addition to the gold assays, there were significant silver and lead assays noted. (See attachment – Map – Keban Tailings – Tailings for location of the assay samples taken).
Note: Not included in the above table is the combined copper assay grade of .13%/t.
Based on the reported ALS assays in above table the 14 assays averaged Au 1.29 g/t, Ag 76.4 g/t, Pb 1.93%/t and Zn 6.35%/t.
Keban Assay Sampling at Depth
Frontline completed the taking of 14 assay samples, with average depth of each sample taken being 4 feet, spread over the Keban tailings project (see the attached map for sample locations and https://www.facebook.com/photo.php?fbid=241979209524170&set=pcb.241979966190761&t ype=3&theater for pictures of the sampling work done at Keban). The rationale for the sampling program at depth was to verify the Company's position that given the age of the tailings at depth (since the 1940's) and the potential seepage of the tailings at surface due to rain water and snow, that the tailings grade will be higher at depth.
In summary the assay samples at depth, above combined with over 50 surface assays previously reported by the Company, the combined assays have averagedAu 1.74 g/t, Ag 91 g/t, Pb 2.60%/t and Zn 1.86%/t. The combined tailings grade from surface to a 4-foot depth compares very favourably to the independent comprehensive report, completed by Dr. Sasmaz, Phd, Geologist, Firat University, dated June 2015, where 40 assay samples were collected at Keban and assays completed, by Bureau Vertias Mineral Laboratories in Vancouver, Canada on behalf of the Firat University in Elazig. According to the Bureau Vertias assayed analysis, the Firat University report of June 2015 noted that all the assays averaged Au 1.78 g/t, Ag 96 g/t, Pb 2.94%/t and Zn 0.63%/t.
Commentary
Mr. Walter Henry, President and CEO of Frontline commented, "I am pleased with the assay results of the sampling program at Keban which was primary designed to test the tailings grade at the 4-foot depth. The emergence of the high Zn values at depth has significantly added to the in-situ commodity value of the Keban tailings. Based on the above assay results combined with the previously reported surface assays the overall tailings grade has been improved at depth.
The Company is in advanced negotiations to add two to three new tailings projects all within the Elazig region to its portfolio of tailings. The Company's current tailings projects combined with the potential to add two to three new tailings areas is rapidly transforming the Company into a tailings processor with the ability to generate positive cash flow for years to come. Lastly, I am happy with the continued level of progress we have made at advancing the Kambertepe tailings project during April and May of 2016."
Keban Tailings Project
Located approximately 45 km northwest from the city of Elazig, via paved highway, which is fully permitted, which includes the exclusive rights to process a minimum 114,000 tonnes of mineralized milled tailings stored in two areas within the defined tailings boundaries. Current tailings tonnage is now estimated to be approximately 150,000 tonnes.
Kambertepe Tailings Project
Includes the exclusive rights to process approximately up to 6,000 tonnes of mineralized tailings, with the following average reported grades per tonne of tailings: 2.1% Copper, 21 g/t Silver, 1.9% Zinc, 0.5% Titanium and over 50% Iron, as noted from a Firat University report on the project dated March 15th, 2016. As discussed above current tailings tonnage is now estimated to be in the range of 15,000 to 20,000 tonnes.
Frontline did not complete the work required to verify the historical mining estimates noted above and is not treating these historical estimates as being compliant with current standards under NI 43-101 and as such these historical estimates 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 continues to actively seek additional investor/partner(s) 1) to continue to expedite the full tailings and contained metal recovery at both the Keban and Kambertepe tailings projects; 2) to jointly fund the new tailings projects that the Company has been in discussions to acquire and 3) to fund development on all its properties in the Red Lake and Rivery River areas. 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.
About Frontline Gold Corporation
Frontline is a Canadian junior mineral exploration company with an experienced discovery team and a proven record of accomplishment. The Company's principal properties include the Menderes gold project in the Izmir province of Western Turkey, the Flint Lake and Sandhill Lake gold projects which are adjacent to Chalice Gold's Cameron Lake Gold Deposit in Ontario and the Niaouleni gold project in southern Mali in the heart of West Africa's prolific gold belt. Other Canadian exploration properties include its Red Lake (gold) property groups that include the Whitehorse Island Mining Patents.
Further information about the Company is available on the Company's website, www.frontlinegold.com, or our social media sites listed below:
This news release contains forward-looking statements, which address future events and conditions, which are subject to various risks and uncertainties. The Company's actual results, programs and financial position could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, some of which may be beyond the Company's control. These factors include: the availability of funds; the timing and content of work programs; results of exploration activities and development of mineral properties, the interpretation of drilling results and other geological data, the uncertainties of resource and reserve estimations, receipt and security of mineral property titles; project cost overruns or unanticipated costs and expenses, fluctuations in metal prices; currency fluctuations; and general market and industry conditions.
Forward-looking statements are based on the expectations and opinions of the Company's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.
"Walter Henry" Walter Henry, President & CEO FRONTLINE GOLD CORP.
Frontline Gold Corp. (FGC.V) 1 Toronto Street, Suite 201 Toronto, Ontario M5C 2V6
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