Frontier Resources Ltd (ASX:FNT) has completed the review of historical geological and airborne geophysical data for the Baia and Cecelia Projects in Muller Range, Papua New Guinea.
The projects were discovered as anomalous copper and gold in stream sediment and were held most recently by Barrick Gold.
The primary targets for Frontier are shallow buried porphyry copper-molybdenum-gold mineralisation plus higher grade skarns and epithermal gold.
Frontier’s drilling in April 2016 at the Swit Kai prospect intercepted 5 metres at 13.92 g/t gold from surface, including 1 metre at 29.7 g/t gold.
Both the project areas are close to infrastructure such as the Hides Power Station and roads.
In addition to the Muller Range projects, Frontier is also targeting gold and copper at the Bulago EL in the highly prospective Papuan Fold Belt.
The company is currently in the process of raising funds from a share purchase plan.
Frontier's share price has increased by about 60% during the last three months.
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