Frontier Resources (ASX: FNT) is a junior mineral exploration company which aims to discover, delineate and develop gold, copper and base metal deposits in Papua New Guinea (PNG) and Australia.
The company is focused on the highly mineralised pacific "rim of fire" where it has a 100% interest in four Exploration Licences (1,140 square kilometres) and three Exploration Licence Applications (2,212 square kilometres) in PNG.
Frontier Resources (ASX: FNT) has announced encouraging gold assay results from the initial hand trenching component of the exploration program that was recently completed at the Kru and Wasi Prospects in EL 1597, in the Sundaun Province of Papua New Guinea.
Gold mineralisation at the Kru Prospect, which has never been drilled, consists of mesothermal base metal sulphide-gold veins over an area of approximately 2,500m by greater than 100m, that is peripheral to the Wasi porphyry copper occurrence.
Frontier re-located, joined together, deepened, extended and channel chip sampled the historically excavated hand trenches in the Siaporufe Zone.
Assay Highlights include: 22m of 2.71 g/t, plus 36m of 1.15 g/t, plus 4m of 3.23 g/t Gold. Within 384.3m of 0.67 g/t Gold in Outcrop Trench at the Kru Prospect.
One long trench has been analysed to date and it wraps around the SE terminating end of a ridgeline. The gold assay results demonstrate excellent overall continuity to the gold mineralisation over an area of greater than 200m x greater than 125m.
The mineralisation is open in all directions, but notably to the NW. Additional trenching has been undertaken in this region along strike and vertically’ up dip’ or higher on the ridgeline.
The weighted average of the entire trench analysed is 384.3m grading 0.67 g/t gold, including major sections of 140.3m grading 0.81 g/t gold and 224m grading 0.64 g/t gold, separated by a 20m interval containing less than 0.1 g/t gold.
Peak assay grades from the Kru trench sampling include 2m of 8.84 g/t gold plus 44 g/t silver and 4m of 0.47% copper in separate samples, with the high copper occurring at the highest currently known point in the mineralised system.
Frontier Resources said the vertical interval (RL) between gold mineralisation noted in different parts of this trench and system is estimated to currently be approximately 80m vertically.
This highlights the substantial minimum vertical component to the gold mineralisation that is already known.
The company said the 22m zone of higher grade gold mineralisation appears to represent an approximate true width, as the trench trends E-ENE and the mineralisation appears to trend NW-SE.
Hematite alteration was observed in linear trends along ridgelines, possibly indicating supergene copper enrichment at depth.
Kru is located about 80km to the north of Bulago, where very high-grade gold channel samples were recently announced and about 600km NW of the Kokoda Track.