Fronteer Gold (FRG) (FRG.to): Time for ten

Want a stock to play the move in spot gold this morning? Look no further:

FRG is out with more great drilling numbers today, more extension to Long Canyon (check the map), more reason to own. And of course, if you look very very carefully at that chart above you may be able to spot a trend.

FRG closed at U$9.42 last night. It'll be higher than that very soon and if we don't see 10 today, it's only a matter of time before we do. DYODD.

AuEx Ventures (XAU.to) and Fronteer Gold (FRG) (FRG.to), the Long Canyon buddies

Here's the year-to-date chart of AuEx Ventures (XAU.to) (dark blue line) versus Fronteer Gold (FRG) (FRG.to) (yellow line) in 2010 to date. If you thought that the ongoing success at the very promising Long Canyon gold project in Nevada would offer up better price leverage to the smaller XAU than FRG.....well, you'd have been wrong.

PS: Thanks to a timely headsup from the wonderful Gary Biiwii back in 2009, this author owns FRG. It's also been a recommended buy at The IKN Weekly since week one and we're now over 200% up on that position. We owned and reco'd XAU.to as well, but sold the position late May for a more modest but still pleasing 35% win. just sayin'.

AuEx Ventures (XAU.to): Dear Chartyperson (part two)

Following on from the question about Fortuna Silver (FVI.v) yesterday, here we go with today's query to the technical analysts and their strange vocabulary.

Below is the three month chart for AuEx Ventures (XAU.to). Is this also an example of what you call a breakout, dudes?

What I know is that it's a new all time high price for the stock. Presumably that's bullish :-)

Fronteer (FRG), AuEx Ventures (XAU.to) and Long Canyon

News out from both companies about their JV asset, Long Canyon in Nevada.

The FRG version is on this link

The XAU.to version is on this link

Here's how the FRG PR kicks off (and after reading the first para, any minehead will want to click through and read the whole thing).

VANCOUVER, BRITISH COLUMBIA--(Marketwire - 09/17/09) - Fronteer Development Group Inc. (TSX:FRG - News)(AMEX:FRG - News) announces today that new drilling along Long Canyon's intensely altered West Zone has extended high-grade oxide gold mineralization an additional 200 metres along strike.

The West Zone is one of five parallel elongate gold zones that make up the evolving Long Canyon deposit. Examination of drill core from the West Zone suggests that alteration intensity is increasing westward, and additional drilling may lead to identification of a feeder zone or zones toward the west. Highlights from important new step-out holes from the West Zone include:

- 7.39 grams per tonne gold (0.216 ounces per ton) over 12.7 metres, including 28.70 g/t (0.838 oz/ton) over 2.7 metres in LC285C;

- 12.52 g/t (0.366 oz/ton) over 12.5 metres, including 40.10 g/t (1.171 oz/ton) over 3.6 metres in LC291C; and

- 2.50 g/t gold (0.73 oz/ton) over 23.0 metres, including 9.62 g/t (0.281 oz/ton) over 3.0 metres in LC292C.

The IKN Weekly subscribers know how much I like both stocks; quality mgmt, quality assets, serious juniors. And by way of a reminder, Nevada is where Newmont (NEM) is looking to gather resource ounces in the future. Yeah, that's the same Newmont that has just raised U$2Bn for expansion and M&A reasons.