Papua New Guinea
Frontier Resources Ltd is a very active, Australian Stock Exchange listed (FNT) junior mineral exploration company, that is focused on exploring for and developing mineral deposits in the highly mineralised Pacific 'Rim of Fire' in Papua New Guinea and the highly prospective Dolcoath Granite and Mt Read Volcanics of Tasmania, Australia.
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The entire tenement portfolio offers excellent mineral deposit potential, with primary targets being World Class copper-gold-molybdenum porphyry, high grade gold/silver epithermal, gold– base metal skarn, tungsten skarn and polymetallic VMS (zinc-lead-silver-gold) deposits.
- The Company has a 100% interest in 4 Exploration Licences (approx. 1,140 km²) and 3 Exploration Licence Applications (approx. 2,212km²) in PNG. 3 ELs and 2ELAs are subject to Joint Ventures with Ok Tedi Mining Ltd.
- Frontier also has 2 Exploration Licences + 1 Retention Licence (123 km²), plus 3 EL Applications and 1 ERA in Tasmania.
- The projects all have high-grade exploration results in rock, trenches and/or drill hole and are in the same or similar geological terranes as existing World Class and/or major mines.
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The 100% owned Mt Andewa EL in PNG has excellent gold and copper mineralisation potential.
- Frontier recently completed a very large (~21 km2), grid-based geophysical, geochemical and geological exploration program that demonstrated a major mineralised system with compelling new drilling targets in multiple prospect areas.
- The 3D Induced Polarisation (3D-IP) survey defined three enormous chargeability anomalies covering a total area of SEVEN km2, that could be directly associated with gold and copper mineralisation. Defined conductivity anomalies likely reflect SEMI-MASSIVE SULPHIDES and resistivity anomalies may relate to gold mineralsiation.
- Previous Frontier gold in trench assay results at Mt Andewa - Komsen Prospect included 5.0m of 18.5 g/t, 3.7m of 12.6 g/t, 3m of 14.26g/t and 21.6m of 4.41 g/t gold and drill results include 7.9m of 10.0 g/t gold, 10.8m of 7.0 g/t gold and 3m of 11.0 g/t gold.
- The Company's historic drilling has shown the Komsen structure is consistently gold mineralised and it remains open in all directions (to >320m depth below surface).
- A major drilling program is planned for April 2011.
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Frontier's Directors have more than 150 years combined experience in PNG and Australia to serve the interests of the Company and its shareholders.
- The Chairman /MD has explored consistently in PNG for 26 years.
- Frontier operates with a general policy of 'DRILLING' our quality projects using our purpose built and self manufactured, cost effective, environmentally friendly, man-portable diamond core rig. Additional custom built diamond drilling rigs are being constructed in preparation for the extensive 2011 drilling campaigns.
- The Company is an innovative and socially responsible ASX listed junior mineral explorer whose shares also trade on the Frankfurt, Berlin and Munich Stock Exchanges.
- Please refer to the ASX Releases section of the website for 'up to date' and historic information relating to Frontier's highly prospective tenement portfolio and the Company and/or feel free to contact us.
Newcrest JV
Frontier undertook a major three dimensional Induced Polarisation (3D-IP) geophysical program over a 21 sq km grid at the Andewa gold and copper Project on the island of New Britain in Papua New Guinea Andewa in 2010 and collected in excess of 5,000 soil and rock samples.
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Ok Tedi JV
Highly Prospective Tenements and Frontier's exploration success in PNG culminated in an excellent strategic alliance - Joint venture with world class copper producer Ok Tedi Mining Ltd (OTML).
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