LANTHANEIN RESOURCES LIMITED Address | ABN |
Level 8, 99 St Georges Terrace | 96 095 684 389 |
Perth WA 6000 | |
Phone | WEBSITE |
+61 8 9486 4036 | www.frontierresources.net.au |
For personal use only
ASX Limited
Market Announcements Platform
5 January 2022
Taula Trench and Rock Sampling Results Includes 1m @ 11.15g/t Au
- Assay results from the first batch of rock and trench samples along the Taula vein system include 1m @ 11.15g/t Au + 15.45g/t Ag within a broader mineralised zone of 8m @ 2.83g/t Au + 3.12g/t Ag.
- The Taula Vein has been mapped for over 750 metres sub‐parallel to the mineralised Tolukuma gold mine veins
- Drillholes planned to extend the five levels of mineralisation at depth intersected from historical drilling.
- Remaining 119 trench samples, 38 rock chip samples and 50 soil samples are currently being processed by ALS Laboratories with results expected in January.
Frontier Resources Limited (Frontier or the Company) is pleased to announce the results from the first of two batches of assay results from samples taken during the recently completed exploration program at the Taula prospect, which occurs adjacent to the Tolukuma gold mine in Papua New Guinea (Figure 1).
A total of 17 hand trenches were dug (Figure 2) during the Taula program (TT001 to TT016) with at total 248 channel samples taken along with 56 rock samples and 50 soil samples. Results from the first 129 samples taken from 9 trenches include (Table 1):
- 1m @ 11.15g/t Au + 15.45g/t Ag within a broader mineralised zone of 8m @ 2.83g/t Au + 3.12g/t Ag within trench TT09 consisting of shearing, brecciation and quartz veins.
- 1m @ 2.08g/t Au and 167g/t Ag from trench TT11 where two zone of silicified crackle breccia and quartz sulphide veins were mapped.
Results from the first 18 rock samples received (Table 2) include:
- 7.05g/t Au, 2.28g/t Au, 2.06g/t Au, 1.85g/t Au + 184g/t Ag, 0.59g/t Au.
These initial results confirm the gold and silver mineralisation at surface along at least a 750 metres strike length. The Taula vein was initially discovered by Newmont prior to the commencement of the adjacent Tolukuma mine. Historical drilling at Taula totals 1,315.75 metres in 18 diamond holes (refer to ASX Announcement dated 5 September 2019). The drilling intersected 5 depth levels of mineralised veining with grades including:
- 3.0m @ 16.19g/t Au from 23m downhole depth in hole SSD003. o 5.3m @ 7.19g/t Au from 37.6m downhole depth in hole SSD008. o 1.7m @ 12.55g/t Au from 31.1m downhole depth in hole SSD010. o 5.3m @ 8.47g/t Au from 66m downhole depth in hole SSD011.
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Figure 1: Frontier Gold Prospects within EL2531 and Nearby Tolukuma Mine Tenements
Figure 2: Taula Prospect Trench and Rock Sample Highlights
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The Taula vein occurs as a 1m to 8m wide structure, comprising sheeted 20cm to 1.0m wide pinch and swell, massive and sheared‐brecciated quartz‐sulphide‐manganese‐limonite veins, which trends NNW to NW and dips steeply to the SW. Brecciated quartz fragments occur in between the sheeted parallel veins such as noted in Trench TT009 (Figure 3).
For personal use only
Figure 3: Taula Structure at Trench TT009 with 8m @ 2.83g/t Au including 1m @ 11.15g/t Au Table 1: Taula First Batch of Trench Intersections (refer to Appendix A)
Trench ID | Intersection (0.5g/t Au cut‐off) | Geology Description | |
TT04 | 1m | @ 0.71g/t Au and | Phyllic altered intrusive with widely spaced quartz |
3m | @ 0.67g/t Au. | veinlets. | |
TT05 | 3m | @ 3.27g/t Au including | A 2.5m wide Taula Structure; 50‐80 cm quartz‐clay veins. |
1m | @ 7.29g/t Au | ||
TT08 | 1m | @ 1.54g/t Au | Zone of strong phyllic alteration in diorite with 6cm‐50cm |
sheeted quartz veins. | |||
Massive quartz vein. | |||
TT09 | 8m | @ 2.83g/t Au + 3.12g/t Ag; | Taula Structure of shearing/brecciation/quartz veins. |
Including | |||
3m | @ 6.36g/t Au + 7.29g/t Ag; | ||
1m @ 11.15g/t Au + 15.45g/t Ag | |||
TT11 | 1m | @ 2.08g/t Au + 167g/t Ag | Phyllic‐argillic altered volcanics. 2 x 1.0m zones of silicified |
crackle breccia & quartz‐sulphide veins up to 20cm; Visible | |||
gold. |
Table 2: Taula First Batch of 18 Rock Samples | ||||||
Sample | Easting | Northing | RL | Description | Au | Ag |
ID | (g/t) | (g/t) | ||||
117201 | 516857 | 9049835 | 2226 | Fine‐medium grained diorite associated with fine, | 0.033 | 0.06 |
quartz veinlets. Porphyry style mineralisation. | ||||||
117202 | 516910 | 9049815 | 2209 | Fine‐medium grained diorite with Mn‐Ox filled | 0.136 | 0.05 |
fractures. | ||||||
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Sample | Easting | Northing | RL | Description | Au | Ag |
ID | (g/t) | (g/t) | ||||
117203 | 517036 | 9049758 | 2183 | Fine‐medium grained diorite associated with fine | 0.017 | 0.73 |
quartz veinlets. | ||||||
117204 | 517066 | 9049711 | 2173 | Fine‐medium grained diorite. Weakly preserved | 0.076 | 7.47 |
chlorite‐epidote alteration. | ||||||
117205 | 517109 | 9049668 | 2165 | Fine‐medium grained diorite with strong phyllic | 0.031 | 0.2 |
alteration and quartz veinlets. | ||||||
117206 | 517137 | 9049656 | 2158 | Sheeted quartz vein (0.5m wide) with strong phyllic | 0.014 | 0.7 |
alteration halo in a fine‐medium grained diorite. | ||||||
117207 | 517378 | 9049485 | 2139 | Fine grained diorite with fine quartz veinlets that are | 0.105 | 3.79 |
less than 1cm. | ||||||
117208 | 517364 | 9049499 | 2139 | Fine‐med. grained diorite with fine quartz veinlets | 0.129 | 1.37 |
less than 1cm. | ||||||
117209 | 517350 | 9049534 | 2141 | Fine grained diorite with fine quartz veinlets that are | 0.008 | 0.04 |
less than 1cm. | ||||||
117210 | 517350 | 9049615 | 2144 | A 0.3m wide structure hosted by diorite and is | 0.123 | 2.29 |
trending at 355° and dipping at 62° to the northeast. | ||||||
117211 | 517353 | 9049613 | 2144 | Fine‐medium grained, intermediate diorite with | 0.022 | 0.18 |
oxide filled fractures. | ||||||
117212 | 517366 | 9049605 | 2146 | Float of epithermal quartz vein with fine traces of | 0.021 | 0.85 |
sulphides. | ||||||
117213 | 517450 | 9049664 | 2152 | Diorite with fine quartz veinlets less that 1cm thick. | 0.593 | 5.2 |
Strongly silicified and altered to sericite‐silica. | ||||||
117215 | 517331 | 9049364 | 2145 | Reddish crackle brecciated leached quartz vein | 2.28 | 3.17 |
parallel to the Taula vein structure. | ||||||
117216 | 517361 | 9049298 | 2099 | Silicified crackle breccia vein. Altered diorite with | 1.85 | 184 |
disseminated pyrite. | ||||||
117217 | 516929 | 9049866 | 2226 | Vein within Taula structure. | 2.06 | 1.9 |
117218 | 516930 | 9049866 | 2225 | Brecciated quartz part of Taula structure. | 7.05 | 2.15 |
117221 | 516980 | 9049882 | 2198 | Weathered lim‐hem‐jar‐cly+/‐ qtz stringers. | 0.02 | 0.05 |
Additional Results Pending
- A large 600m x 600m 3D‐IP chargeability geophysical anomaly 500m to the NE of the Taula structure (Figure 4) is coincident with anomalous silver, antimony and mercury values from historical soil samples. This indicates the epithermal system at Taula may be grading into a base metal rich zone at deeper levels. Assay result from 50 soil samples taken over this area by Frontier have been submitted to ALS laboratories in Brisbane with assay results expected January.
- The final batch of 119 trench and 38 rock samples are currently being processed by ALS laboratories. Results will be used to help confirm the continuity of mineralisation along the Taula vein (Figure 2) to assist in determining drill hole locations with an aim to extend known mineralisation at depth.
- Drill hole sites are also being planned at the Kimono and Saki prospects. Historical drilling, trench and mapping results from the Saki prospects are being finalised by an independent resource geologist to determine maiden JORC resource to allow for further drillhole planning.
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Figure 4: Taula Prospect Summary
This announcement has been authorised for release by the Directors of the Company. For additional information please visit our website at www.frontierresources.net.au
FRONTIER RESOURCES LTD
Competent Person Statement:
The information in this report that relates to Exploration Results and Mineral Resources is based on information compiled by or compiled under the supervision of Peter Swiridiuk ‐ Member of the Aust. Inst. of Geoscientists. Peter Swiridiuk is a Technical Consultant and Non‐Executive Director for Frontier Resources. Peter Swiridiuk has sufficient experience which is relevant to the type of mineralisation and type of deposit under consideration to qualify as Competent Person as defined in the 2012 Edition of the Australasian Code of Reporting Exploration Results, Mineral Resources and Ore Resources. Peter Swiridiuk consents to the inclusion in the report of the matters based on the information in the form and context in which it appears. Additionally, Mr Swiridiuk confirms that the entity is not aware of any new information or data that materially affects the information contained in the ASX releases referred to in this report.
Frontier Resources Ltd Exploration Licence Information (Papua New Guinea)
Exploration Licence | Area | ||||
Number and Name | Ownership | Sub‐blocks | (sq.km)* | Grant Date | Expiry Date |
EL2531 ‐ Tolukuma | 100% Frontier Copper PNG Ltd | 65 | 223.00 | 25‐Feb‐19 | 24‐Feb‐21 |
ELA2529 ‐ Gazelle | 100% Frontier Copper PNG Ltd | 211 | 719.51 | N/A | N/A |
Total of Granted EL's | 65 | 223.00 |
*1 sub‐block approximately 3.41 sq.km
Notes: The PNG Mining Act‐1992 stipulates that EL's are granted for a renewable 2 year term (subject to satisfying work and expenditure commitments) and the PNG Government maintains the right to purchase up to 30% project equity at "Sunk Cost" if/when a Mining Lease is granted.
Licence EL2531 is currently subject to an extension renewal process.
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Frontier Resources Limited published this content on 04 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 January 2022 08:42:45 UTC.
