Fronteer Gold said that ongoing drilling to the northeast of the current resource area at its wholly owned Long Canyon gold project in Nevada continues to intersect wide intervals of high-grade gold.

The company recently completed the acquisition of AuEx Ventures, thereby consolidating 100% ownership of its Long Canyon project.

Fronteer Gold president and CEO Mark O’Dea said that the Long Canyon deposit is the type of foundational asset upon which major mining companies have historically been built.

"Long Canyon is viewed a ‘company-maker’ for Fronteer Gold, with its combination of high grades, simple metallurgy, resource upside and favourable jurisdiction. We are well funded to advance Long Canyon on a 100% basis as we push forward on our development timeline," O’Dea said.

Six drill rigs are currently operating as part of the year’s ongoing 70,000m program.

The new drilling, concentrated to the northeast of the current resource area, further defines a thick, high-grade zone with broad lateral continuity along a recently recognized east-northeast trend, the company said.