Fronteer Development Releases Resource Estimate For Long Canyon, 363,000 Oz. Indicated

Fronteer Development Group Inc.'s resource estimate for its Long Canyon project, in Nevada, came in at 363,000 oz indicated and 459,000 ounces inferred. This measure uses a 0.25 g/t cutoff. Using a 1.0 g/t cutoff gives a figure of 322,000 indicated and 369,000 inferred. The resources are at or near surface. The news release itemizes these results. This project is a joint venture with Auex Ventures, which has sent out its own take on these findings.

Fronteer closed yesterday at $2.86 for a gain of 13 cents. The bid-ask at the time of this posting is $3.08 - $3.08, indicating a significantly higher open. AuEx's, on the other hand, doesn't: current bid-ask is $2.40 - $2.45. Auex closed yesterday at $2.45 with a gain of 25 cents, though.

Fronteer's Google Finance web page is here; AuEx's is here.

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