- 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.