Source: Frontier Resources
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  • Frontier Resources (FNT) receives results from the first two batches of samples taken from the Taula prospect, which is opposite the Tolukuma gold mine in Papua New Guinea
  • Results include one metre at 11.15 grams per tonne (g/t) gold and 15.45g/t silver
  • These initial results confirm the gold and silver mineralisation at surface along at least a 750 metres strike length
  • The remaining 119 trench samples, 38 rock chip samples and 50 soil samples are expected later this month
  • On the market this morning, Frontier is up 4.76 per cent and trading at 2.2 cents per share

Frontier Resources (FNT) has received results from the first two batches of samples taken from the Taula prospect, which is opposite the Tolukuma gold mine in Papua New Guinea.

During a recent exploration program, 17 hand trenches were dug at Taula, with a total of 248 channel samples taken, along with 56 rock samples and 50 soil samples.

Results have now been received from the first 129 samples taken from nine trenches and include one metre at 11.15 grams per tonne (g/t) gold and 15.45g/t silver within a broader mineralised zone of eight metres at 2.83g/t gold and 3.12g/t silver.

These initial results confirm the gold and silver mineralisation at surface along at least a 750 metres strike length. The Taula vein was initially discovered by Newmont prior to the commencement of the Tolukuma mine.

The Taula Vein has been mapped for over 750 metres sub‐parallel to the mineralised
Tolukuma veins.

The remaining 119 trench samples, 38 rock chip samples and 50 soil samples are currently being processed by ALS Laboratories and results are expected in January.

On the market this morning, Frontier was up 4.76 per cent and is trading at 2.2 cents per share at 11:11 am AEDT.

FNT by the numbers
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