Total
0
Shares
Field workers at Tolukuma Project. Source: Frontier Resources
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Frontier Resources (FNT) receives pleasing results from trench and rock sampling at the Saki prospect in Papua New Guinea
  • Trench samples have returned grades of up to 9.13 grams of gold per tonne (g/t) gold and rock samples have yielded multiple high grades including up to 9.93g/t and 11.75g/t gold
  • These results demonstrate the continuity of gold mineralisation along three Saki veins
  • Frontier expects to receive all results from the remaining 253 trench and 34 rock samples before the end of September
  • Company shares are trading in the grey at 1.8 cents at 11:40 am AEST

Frontier Resources (FNT) has received results from a recently completed trench and rock sampling program at the Saki prospect in Papua New Guinea.

The Saki prospect forms part of the Tolukuma Project which covers over 441 square kilometres and is 70 kilometres north of the national capital of Port Moresby.

Today’s results account for the first eight trench samples and first 33 rock samples and have demonstrated the continuity of gold mineralisation between historical trench results along the Saki I, II and III veins.

Best results from trench samples include 10 metres at 2.56 grams of gold per tonne (g/t), one metre at 9.13g/t gold, eight metres at 2.22g/t gold including two metres at 6.28g/t gold, and four metres at 4.53g/t gold including one metre at 8.02g/t gold.

Based on these assays, gold mineralisation extends for over 300 metres between Degom and Mandi Creeks.

Best rock sample results from the Saki I and II veins include grades of up to 8.39g/t, 9.93g/t and 29.1g/t gold. The Saki III also yielded high grades which include 6.96g/t, 9.55g/t and 11.75g/t gold.

The remaining 253 trench and 34 rock samples are currently being processed at a lab in Townsville. Frontier expects to receive all results before the end of September.

Company shares were trading in the grey at 1.8 cents at 11:40 am AEST.

FNT by the numbers
More From The Market Herald

" Galileo Mining (ASX:GAL) receives initial assays from Norseman

Galileo Mining (GAL) has received the first assays from aircore drilling at its Norseman project in Western Australia.
Kingwest Resources (ASX:KWR) - CEO, Ed Turner

" Kingswest Resources (ASX:KWR) considers JV with FMR investments

Kingswest Resources (KWR) may enter into a joint venture (JV) partnership with FMR Investments where KWR will own 40 per cent and FMR
Liontown Resources (ASX:LTR) - Managing Director and CEO, Tony Ottaviano

" Liontown Resources (ASX:LTR) launches $490m capital raise for Kathleen Valley

Liontown Resources (LTR) has launched a fully-underwritten institutional placement to raise approximately $450 million.

" Calidus Resources (ASX:CAI) drill tests greenfields gold targets

Calidus Resources (CAI) will commence drill testing priority greenfields gold targets at its Warrawoona and Blue Spec deposits.