Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Gold explorer Frontier Resources (FNT) has completed soil analysis at its Saki gold project, with indications of a 20 per cent increase in the prospect’s footprint
  • The current sampling program was designed to locate splay veins coming off the main system at Saki
  • Frontier found traces of anomalous gold, arsenic, antimony and barium in north-west trending zones
  • Historical sampling of a similar nature led to the original discovery of the main vein system, which was then confirmed via trenching and drilling
  • The newly interpreted splay veins will be further investigated with drilling and trenching to confirm their existence under the anomalous soil
  • Frontier will then generate a mineral resource estimate with a view to providing mill feed for the recommissioning of the nearby Tolukuma mine
  • Frontier Resources traded grey today, closing at 0.8 cents per share

Gold explorer Frontier Resources (FNT) has completed the analysis of soil samples from its Saki gold project, with indications of a 20 per cent increase to the prospect’s footprint.

Gold veins

The current sampling program was designed to locate splay veins coming off the main system at Saki, which had been interpreted by previous owner Petromin from historical soil geochemical data.

Frontier found traces of anomalous gold, arsenic, antimony and barium in north-west trending zones, which may broadly support the possibility of mineralised splay veins.

At least ten zones of anomalous mineralisation indicate a potential expansion to the historical vein system of around seven hectares, or 20 per cent of the total footprint.

Frontier collected 142 ridge spur samples across three lines which also included parts of the main system. The program returned similar results across the known system and the new anomalous zones.

Historical sampling of a similar nature led to the original discovery of the main vein system, which was then confirmed via trenching and drilling.

Next steps

The newly interpreted splay veins will be further investigated with drilling and trenching to — hopefully — confirm their existence under the anomalous soil.

Frontier also completed seven kilometres of reconnaissance mapping and collected 117 chip‐channel trench samples as part of the recent exploration. Those results will be available pending interpretation of the geology.

The company will now fast track further drill locations with a view to generating a mineral resource estimate for the site.

These resources will be developed to provide mill feed for the nearby Tolukuma gold mine once it recommences operations.

Frontier Resources traded grey today, closing at 0.8 cents per share.

FNT by the numbers
More From The Market Herald

" Jade Gas (ASX:JGH) expands Mongolian drilling program

Jade Gas (ASX:JGH) expands the drilling program at the Tavantolgoi XXXIII Coal Bed Methane gas project…

" Nova Minerals (ASX:NVA) strikes further “exceptional” high-grade gold at RPM North, Alaska

Nova Minerals (ASX:NVA) has unveiled further "exceptional" bonanza-grade gold results from drilling at the RPM North…

" Hot Chili (ASX:HCH) strikes highest-grade drilling result to date from Valentina

Hot Chili (ASX:HCH) records its highest-grade result to date from its Valentina copper deposit, east of…
The Market Herald Video

" PolarX (ASX:PXX) starts sampling outcropping vein system at Humboldt, Nevada

PolarX (ASX:PXX) begins follow up soil sampling of an outcropping vein system at its Humboldt Range…