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Frontier Resources Ltd.
Summary
| Project: | Bulago | |
|---|---|---|
| Deposit: | Swit Kai | |
| Location: | Papua New Guinea | |
| Commodities: | Gold-Silver-Copper-Zinc-Arsenic-Lead | |
| Date: | 7/7/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 7-7-2017: Frontier Resources Ltd. announces an Exploration/Drilling Update report for its Swit Kai deposit at the Bulago project. Drilling results incl. 0.37m @ 8.69g/t Au, 1.0g/t Ag, 193ppm Zn, 4110ppm As from 19.7m. Frontier Resources Limited (Frontier) | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Peter A. McNeil (Internal) | |
| ABSTRACT: | Frontier Resources Limited (Frontier) announces assay results for diamond core drill holes FDH002, FDH003, and GCZ001 /GCZ002 at EL 1595 -Bulago, Papua New Guinea. Managing Director Peter McNeil stated: “Frontier’s 2017 drilling program at Bulago had initial success with intercepts of 0.6m of 50.7 g/t, plus a proximal 1.1m of 79.18 g/t (Announced to ASX 10th April) with hole FDH001, demonstrating the Swit Kai structure is locally strongly gold mineralised. Swit Kai holes FDH002 and 003 were drilled at different inclinations from the same drill pad as FDH001 and both also intersected the gold mineralised structure, returning up to 8 g/t gold, but not bonanza gold grades. Holes GCZ001 (abandoned) and 002 (redrill) targeted porphyry copper-gold in the NNE trending/ NW dipping anomalous gold in soil zone crossing the Bulago Valley, at its junction with the WNW trending Bulago River structure + gold in soil trend. The hole intersected 6 major zones and >10 smaller zones of hydrothermal brecciation/ veining in diorites and mudstones over its 303m length. Every sample was above the detection limit for gold, however, none of the zones contained potentially economic gold or copper mineralisation. The best copper intercept in GCZ002 was 2.4m grading 0.16% copper (+ 0.16g/t gold at the top of hole), the best gold intercept was 3m grading 0.36 g/t and the entire hole averaged 0.06 g/t gold + 308 ppm copper + 9 ppm molybdenite. About half of the hole was ‘moderately’ molybdenite mineralised, with a peak of 35ppm. Geological information relating to the holes was announced on 10th April (FDH) + 30th May (GCZ). Assay information is tabulated below.” | |
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