- Frontier Resources Limited has identified significant gold targets within its wholly-owned EL2531 Tolukuma tenement located at the Tolukuma Gold mine in Port Moresby, Papua New Guinea
- Tolukuma is known to contain high-grade narrow epithermal veins eg Saki, Kimono and Soju-Sindove
- Next steps for Frontier include acquiring data to plan further exploration, additional trenching and a drilling program
Frontier Resources Limited has identified significant gold targets from a trench, soil and stream sampling at its 100 per cent owned Exploration Licence 2531 Tolukuma tenement.
Frontier’s EL 2531 covers 441.72 square kilometres and is located 70 kilometres north of Port Moresby, Papua New Guinea. EL 2531 surrounds but excludes the Tolukuma gold Mining Lease ML 104. However, Frontier’s tenement proves highly prospective for gold deposits.
The Saki epithermal gold-silver deposit is located two kilometres east of the Tolukuma ML 104 and has been drilled with 47 diamond core holes completed at a total of 5398 metres. Frontier is currently trying to acquire the drill hole database to determine a JORC-code compliant resource estimate as well as geophysical data to plan the next stage of exploration.
The Soju-Sindove prospect area, located four kilometres East North-East of the Tolukuma mine hosts numerous epithermal quartz veins. However, grade and continuity of the veins in the area need to be established through additional drilling.
The Kimono prospect is located on the eastern boundary of the ML 104 within Frontier’s tenement. Best mineralisation has been discovered to occur at the intersection of the Kimono Vein and cross-structures. The Company will analyse geophysical data and additional trenching to further investigate the structure along the strike.