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Frontier Resources (ASX:FNT) completes sampling and mapping at Kimono

Mining
ASX:FNT
23 October 2020 17:03 (AEST)

Frontier Resources (FNT) has completed a sampling and mapping program at the Kimono gold prospect in Papua New Guinea.

All up, 219 rock and trench samples — 114 trench, 55 rock chip, and 50 rock float — as well as 89 soil samples, which were collected from Kimono and Kimono South.

Final geological reporting is underway before samples get sent to ALS Laboratories in Brisbane.

Results for the first 61 samples — 27 trench, 26 rock chip and 8 rock float — are due in October.

The remainder of the samples are due to be sent to the laboratory for analysis shortly with results expected in early November.

The aim of this sampling and mapping program was to identify additional gold vein extensions and drill targets.

The Kimono system of gold veins extends for over 4 kilometres with Frontier’s recent work outlining the new ‘Tasi Vein’.

The Tasi Vein measures up to 2.7 metres in width and covers a strike length of 151 metres, steeply dipping to the south-southwest.

From Tasi, one rock chip and four trench samples are awaiting assay results, while 15 trench samples have been sent to the laboratory for analysis.

Frontier has ended the day 11.1 per cent in the red with shares trading for 1.6 cents each in an $8.803 million market cap.

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