Frontier Resources Limited (ASX:FNT) has obtained promising results from the first of two batches of assay results from samples taken during the recently completed exploration programme at the Taula prospect, which occurs adjacent to the Tolukuma gold mine in Papua New Guinea.
A total of 17 hand trenches were dug during the Taula programme (TT001 to TT016) with at total 248 channel samples taken along with 56 rock samples and 50 soil samples.
Results from the first 129 samples taken from nine trenches include:
• 1m @ 11.15g/t Au + 15.45g/t Ag within a broader mineralised zone of 8m @ 2.83g/t Au + 3.12g/t Ag within trench TT09 consisting of shearing, brecciation and quartz veins.
• 1m @ 2.08g/t Au and 167g/t Ag from trench TT11 where two zone of silicified crackle breccia and quartz sulphide veins were mapped. Results from the first 18 rock samples received include:
• 7.05g/t Au, 2.28g/t Au, 2.06g/t Au, 1.85g/t Au + 184g/t Ag, 0.59g/t Au.
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 adjacent Tolukuma mine.
Historical drilling at Taula totals 1,315.75 metres in 18 diamond holes. The drilling intersected five depth levels of mineralised veining with grades including: o 3.0m @ 16.19g/t Au from 23m downhole depth in hole SSD003. o 5.3m @ 7.19g/t Au from 37.6m downhole depth in hole SSD008. o 1.7m @ 12.55g/t Au from 31.1m downhole depth in hole SSD010. o 5.3m @ 8.47g/t Au from 66m downhole depth in hole SSD011.
The Taula vein occurs as a 1m to 8m wide structure, comprising sheeted 20cm to 1.0m wide pinch and swell, massive and sheared‐brecciated quartz‐sulphide‐manganese‐limonite veins, which trends NNW to NW and dips steeply to the SW. Brecciated quartz fragments occur in between the sheeted parallel veins such as noted in Trench TT009.
Additional Results Pending
1. A large 600m x 600m 3D‐IP chargeability geophysical anomaly 500m to the NE of the Taula structure is coincident with anomalous silver, antimony and mercury values from historical soil samples. This indicates the epithermal system at Taula may be grading into a base metal rich zone at
deeper levels. Assay result from 50 soil samples taken over this area by Frontier have been submitted to ALS laboratories in Brisbane with assay results expected January.
2. The final batch of 119 trench and 38 rock samples are currently being processed by ALS laboratories. Results will be used to help confirm the continuity of mineralisation along the Taula vein to assist in determining drill hole locations with an aim to extend known mineralisation at depth.
3. Drill hole sites are also being planned at the Kimono and Saki prospects. Historical drilling, trench and mapping results from the Saki prospects are being finalised by an independent resource geologist to determine maiden JORC resource to allow for further drillhole planning.
For further information please visit: https:// www.frontierresources.net.au