Regional Review Highlights EL-2531 Licence Area Potential
Papua New Guinea explorer Frontier Resources Limited (ASX:FNT) has five new regional target areas to follow-up with further fieldwork after receiving an independent geologist’s report for its exploration licence EL-2531.
These target areas are in addition to other known prospects of high priority surrounding mining licence ML-104 and the Tolukuma Gold Mine.
Target areas defined include north of the Tolukuma gold mine including Mt.Sen, southern extensions of the Tolukuma vein system, the Evese and Diakoku porphyry targets along the Ijav fault and “Spot” Thorium geophysical anomalies.
The analysis of all available historical regional data to date within EL-2531 will be used to retain the most valuable ground as part of a tenement size reduction required in the upcoming renewal process.
The company said significant areas of the tenement have sparse to no sample coverage, possibly due mainly to the mountainous inaccessible terrain.
The combined resultant interpretation map shows the main features interpreted from the geophysical magnetic, radiometric , topographic and Landsat imagery.
Most of the known gold prospects cluster around the larger magnetic “Tolukuma Magnetic Intrusive Complex” (TIC), believed to be the feeder system and source of the gold‐bearing fluids at and around the Tolukuma mine within ML-104.
Gold‐anomalous rock chip samples at the Evese in the southeast are associated with coincident magnetic and (K/Th) anomalies and linear/curvilinear structures that may define a volcanic‐intrusive centre. Further work has been recommended for all target areas.
