Skip to main content
The Markets by Proactive
Go to Proactive UK
Proactive UK has moved. Proactive’s coverage of London’s small caps continues on proactiveinvestors.com Go there →
Advertisement
The Markets
by Proactive
Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
Go to Proactive UK
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK
Advertisement
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK

General mining & base metals

Frontier Resources kicks off high grade gold drilling at Swit Kia

Frontier Resources (ASX:FNT) has commenced diamond drilling at the high grade gold Upper Zone of the Swit Kia Prospect in Papua New Guinea.

Drilling should take 4 weeks to complete.

Drill Pad 1 is located in the central sector of Swit Kia near the top end of Trench 1, which returned 1 metre grading 499 g/t gold.

The first drill hole is targeting this and the other jackhammer gold assay intercepts downslope.

There were 12 different jackhammer samples over 100 g/t gold in the target zone and others located 125 metres to the east that graded 2 metres of 190 g/t gold, and 20 metres to the west that graded 1 metre of 128 g/t gold.

These strike extensions will be drill tested as soon as possible.

Gold in soil anomalies along trend to the east and west of the Lower Zone, indicate continuing strike length of more than 480 metres.

The Lower Zone assay results included peaks of 0.4 metres at 293.5 g/t gold and 0.3 metres grading 197 g/t gold. These were 30 metres apart, on the same structure and neither location was sampled above or below.

The Lower Zone's East Creek strike extension returned 3 metres grading 45.17 g/t plus 2 metres of 37g/t gold a further 40 metres west.

The Upper and Lower Zones are separated by small distances and both appear to have significant individual east to west strike lengths.

Frontier's market cap of $6 million allows plenty of room for appreciation in the event of further high grade discoveries.

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

Advertisement
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK