- Frontier Resources (FNT) has received results from initial trench sampling at the Kimono gold prospect in Papua New Guinea
- Results have shown there are two mineralised vein splays located up to 370 metres away from historical mineralisation and associated with the Kimono vein system
- Frontier is pleased with the gold grades, which returned peak values of 15.5 grams per tonne gold
- More samples are being analysed at a lab in Brisbane and results are expected in the next few weeks
- Frontier ended the day trading 8.33 per cent higher for 1.3 cents
Frontier Resources (FNT) has received results from initial trench sampling at the Kimono gold prospect in Papua New Guinea.
These results have uncovered two mineralised vein splays associated with the Kimono vein system and up to 370 metres away from historical mineralisation. This shows there’s significant potential to discover additional gold resources along the eastern boundary of the mining lease
The first batch of samples include 61 trench and rock samples, which were
collected during the initial phases of the fieldwork program to expand on historical gold mineralisation along the Kimono vein system
Best results include four metres at 4.49g/t gold including one metre at 15.5g/t gold, 0.55g/t gold, 1.15g/t gold, 0.2 metres at 0.39g/t gold and 1.42g/t gold.
Additionally, the company found further anomalous gold occurs 300 metres further downstream in Holsiga Creek to the west of the Tassy vein. Results include three metres at 2.31g/t gold within a broader zone of 10 metres at 0.95g/t gold in strongly oxidised quartz and quartz‐limonite vein.
A total of 178 trench, 26 rock chip, 42 rock float and 102 soil samples are currently
being processed by ALS Laboratories in Brisbane. Results are expected over the coming weeks.
Frontier ended the day trading 8.33 per cent higher for 1.3 cents.