Frontier Resources (ASX:FNT) will trade higher after intersecting very high grade gold at its Bulago tenement in Papua New Guinea.
A significant weighted average and individual assay intercepts have been returned from all 10 continuous Jackhammer trenches of excavated, cleaned outcrop exposures in the Upper Zone at the Swit Kia Prospect.
There were 13 different samples with greater than 100 g/t gold, including a peak result with 1 metre grading 499 g/t gold.
Other assays included 2 metres at 18.9g/t gold; 2 metres at 195g/t gold, within 8 metres at 50.2g/t gold; 8 metres at 36.1g/t gold; 2 metres at 252.3g/t gold; 5 metres at 172.3g/t gold; and 14 metres at 24.3g/t gold.
A composite total of 491.6 metres of sampling was completed in the Upper and Lower Zones and their strike extents was tracked and sampled in eight north-south trenches or mineralised outcrops over a 100 metre strike length.
Another trench an additional also produced a 215 metre strike extension.
This structural setting and mineralising pattern is repeated many times in the Bulago region and will be further investigated.
Whilst not true widths, these are very significant gold grades for a company capped at under $4 million.
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