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| Frontier Resources' managing director Peter McNeil assessing an outcrop at Andewa, PNG |
The company says a very large sulfide mineralised system has been demonstrated by compelling 3D-IP chargeability anomalies from the surface down to more than 800 metres depth, in three major but discrete zones.
Each chargeability anomaly is surrounded by a sub-circular, high-resistivity anomaly which appears to merge near the edge of the grid to become one anomaly about 6 kilometres in diameter in the centre of the Mount Andewa caldera, representing probable silicification around the intrusions.
Most soil and rock chip assays have now been received and are being collated and evaluated, the results to be released as soon as possible, most likely at the end of the month.
Deep drilling will now be undertaken with Frontier’s diamond coring rig as soon as possible to test the chargeability, most likely in April, and a contract rig may be used for deeper drill testing.
