Help Desk -
9958816305, 9810335381
Email
Password

Frontier Resources advances development of tungsten and gold projects in Tasmania

Steel News - Published on Thu, 06 Jan 2011

It is reported that field work at Frontier Resources tungsten, gold and base metals project areas in Tasmania has been completed, advancing the Narrawa and Stormont Deposits towards development.

The work has enhanced the company\'s tendered acquisition strategy and will consolidate its tenement portfolio in the region. The completion of an extensive soil sampling program at the Cethana-Narrawa Project encompassed the Narrawa Deposit and its soil grid.

The existing Narrawa indicated and inferred resource contains 14,125 ounces of gold, plus 131,300 ounces of silver, 2,765 tonnes of lead and 2,335 tonnes of zinc. The mineralization is contained within 209,330 tonnes of rock grading 2.10 gram per ton gold, 19.5 gram per ton silver, 1.32% lead and 1.12% zinc.

The company awaits ministerial approval for its successful \'tender\' to Mineral Resources Tasmania for the Stormont Gold Deposit. Stormont contains an inferred resource of 14,250 ounces gold at 3.95gram per ton gold and has potential to grow the resource.

Frontier custom diamond drilling rig and equipment has been mobilized to the Elliott Bay Project. A 1,200 meter drilling program is planned for mid January 2011 targeting high value precious and base metal massive sulphide deposits.

Exploration license applications were submitted to the north of Frontier\'s Elliott Bay Project and the Cygnet historic hard rock and alluvial goldfield in southern Tasmania.

A diamond drilling program is planned for the Cethana / Narrawa Project in the second quarter of 2011 targeting tungsten, gold and base metal targets which will be defined by the soil sampling assays. Additional custom built diamond drilling rigs are being constructed in preparation for the 2011 drilling campaigns.

(Sourced from www.proactiveinvestors.com.au)




Posted By : admin on Thu, 06 Jan 2011
Related News from Steel segment