The Tasmanian tenement portfolio has been markedly enhanced through targeted exploration property acquisitions. Diamond drilling commenced in January 2011 at the Elliott Bay Project, targeting high-value precious and base metal massive sulphide deposits.
- The 'Moina' project area (Narrawa, Stormont & Cethana tenements) in central northern Tasmania were extensively soil sampled over a 4km2 area in late 2010, encompassing and including the Narrawa Deposit.
- The highly mineralised Dolcoath Granite has a spine like shape extending east- west that is responsible for a number of major skarn and vein styles of gold, tungsten, tin, lead, zinc, silver and fluorine mineralisation.
- There are at least 55 historic workings (shafts, adits and small open pits) within this targeted area testifying to its highly prospective and mineralised status. The primary commodity mined in the district was tungsten in at least 23 workings, tin in 9 workings and gold in 7 workings (many are unspecified).
- Previous Frontier tungsten drill intersections included 1m grading 1.98% WO3 near the NW end of the Narrawa Deposit, within a broad low grade geochemical halo that averaged 14m of 0.20% WO3 (from 21m).
- The modest Narrawa Indicated and Inferred Resource contains 14,125 ounces of gold, plus 131,300 ounces of silver, 2,765 tonnes of lead and 2,335 tonnes of zinc (using a 0.5g/t gold cut-off grade). The mineralisation is contained within 209,330 tonnes of rock grading 2.10 g/t gold, 19.5 g/t silver, 1.32% lead and 1.12% zinc.
- The on-surface Stormont Deposit contains an Inferred Resource of 14,250 ounces gold, within 112,500 tonnes of mineralised rock grading 3.94 g/t gold at a 1.0g/t gold cut-off grade.
- A diamond drilling program is planned for the Moina Project in Q2, 2011 targeting tungsten, gold and base metal targets which have been defined by the soil sampling assays. It is also planned to increase the size of the Stormont resource and upgrade it from Inferred to Indicated.
