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Frontline Gold Acquisition of Gold Property Route 109 in Quebec

Mining News - Published on Tue, 22 Sep 2020

Image Source: Frontline Gold Property Route 109
Frontline Gold Corporation announced that it has acquired a 100% interest in the Route 109 Property which consists of 100 mining claims in the Province of Quebec covering 5,588 hectares. Aptly named, the Route 109 Property straddles Highway 109 which leads to the mining camp of Matagami providing excellent access and infrastructure. The Property lies in the same volcanic-sedimentary rock package as the Casa Beradi Deposit 75km to the west. The same belt also hosts the Douay Gold Project owned by Maple Gold Mines, The Vezza Gold Project currently operated by Nottaway Resources and the N2 Gold Project under Wallbridge Mining. These three gold projects lie in close proximity to the property. Numerous gold occurrences and drill hole intersections are located just north of the property boundary along linear east-west magnetic signatures. The Route 109 property has the same magnetic signatures, similar rocks, yet has received little drilling. The above information provides an indication of the exploration potential of the Route 109 Property and may not be representative of expected results.

The Route 109 Property is situated within the Abitibi Subprovince which is prolifically known for its metal endowment. It has been estimated the Abitibi Subprovince has produced over 200 million ounces of gold and 400,000,000 million tonnes of base metal ore.

To exercise its option and to acquire a 100% interest in the Quebec claims, Frontline must pay the Optionor a total of $123,000 (of which a total of $95,000 is due in years 2-4 of the option agreement), with $14,000 due on signing and $14,000 due on the first anniversary, and grant the Optionor a 1.5% net smelter returns royalty. Frontline may repurchase zero point five percent (0.5%) of the royalty for $500,000.

Frontline's President and CEO, Mr. Walter Henry, said, "The low acquisition cost of a very large land package combined with the fact that there is no minimal property expenditure requirements on the property affords us the flexibility to evaluate the gold mineralization exploration potential of the Douay-Vezza Gold belt and whether to grow further our position in this area of Quebec."

Route 109 Project Highlights

The Route 109 Property lies within a sequence of mafic volcanic and metasediment rocks. Iron formation and Timaskaming-type conglomerates have also been noted which are key to mineralization in the belt. Gold mineralization in the Douay-Vezza Gold belt are strongly associated with magnetic trends and signatures

The Route 109 Property has seen little historical drilling in a similar geological environment where significant intersections were encountered along the northern boundary. Numerous gold +/- silver occurrences and drill intersections are very proximally located to the Route 109 Property.

The QP has not completed sufficient work to verify the historic information on the properties comprising the Route 109 Property, particularly regarding historical exploration, neighbouring companies, and government geological work.

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Posted By : Yogender Pancholi on Tue, 22 Sep 2020
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