Field work at Frontier Resources' (ASX: FNT) tungsten, gold and base metals project areas in Tasmania has been completed, advancing the Narrawa and Stormont Deposits towards development.
The work has enhanced the company's tendered acquisition strategy and will consolidate its tenement portfolio in the region.
The completion of an extensive soil sampling program at the Cethana-Narrawa Project encompassed the Narrawa Deposit and its soil grid.
The existing 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 company awaits ministerial approval for its successful 'tender' to Mineral Resources Tasmania for the Stormont Gold Deposit (ERA 834).
Stormont contains an inferred resource of 14,250 ounces gold at 3.95g/t gold and has potential to grow the resource.
Frontier's custom diamond drilling rig and equipment has been mobilised to the Elliott Bay Project.
A 1,200 metre drilling program is planned for mid-January, 2011 targeting high-value precious and base metal massive sulphide deposits.
Exploration license applications were submitted to the north of Frontier's Elliott Bay Project and the Cygnet historic hard rock (to 100 g/t gold in outcrop) and alluvial goldfield in southern Tasmania.
A diamond drilling program is planned for the Cethana /Narrawa Project in the second quarter of 2011 targeting tungsten, gold and base metal targets which will be defined by the soil sampling assays.
Additional custom built diamond drilling rigs are being constructed in preparation for the 2011 drilling campaigns.