FRONTIER RESOURCES LIMITED - ASX: FNT

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Description

Frontier is focused on exploring for and developing mineral deposits in the highly mineralised pacific 'Rim of Fire' in Papua New Guinea and the highly prospective Dolcoath Granite and Mt Read Volcanics of Tasmania, Australia.

The Company is an innovative and socially responsible ASX listed junior mineral explorer whose shares also trade on the Frankfurt, Berlin and Munich Stock Exchanges.

Frontier's Directors have more than 150 years combined experience in PNG and Australia to serve the interests of the company and its shareholders.

Frontier operates with a general policy of 'DRILLING' our quality projects using our purpose built and self manufactured, cost effective, environmentally friendly, man-portable diamond core rig.

The Company has a 100% interest in four Exploration Licences (approx. 1,140 km²) and three Exploration Licence Applications (approx. 2,212km²) in PNG.

Three ELs and two ELAs are subject to earn-in Joint Ventures with PNG producer Ok Tedi Mining Ltd. OTML are undertaking Advanced Exploration 'programs including 13,000m of drilling on the three ELs in 2011/early 2012.

Frontier also has two Exploration Licences and a Retention Licence (123 km²), + three EL Applications and an ERA in Tasmania.

The tenement portfolios offers excellent mineral deposit potential. Primary targets are World Class copper-gold-molybdenum porphyry, high grade gold epithermal, gold–base metal & tungsten skarns + polymetallic VMS (zinc-lead-silver-gold) deposits.

The projects all have high-grade exploration results in rock, trenches and/or drill hole and are in the same or similar geological terranes as existing World Class and/or major mines.

Frontier undertook a major three dimensional Induced Polarisation (3D-IP) geophysical program over a 21 sq km grid at the Andewa gold and copper Project in 2010 and it was a remarkable success. The program demonstrated three exceptionally extensive, voluminous and intense, chargeability anomalies that compellingly demonstrate the presence of very large on-surface to more than 800m deep sulphide systems. The total chargeability anomaly (>30ms) area is approximately seven square kilometres.

Mine For

copper, gold, molybdenum, tungsten, zinc, lead, silver

Location of operation(s)

Papua New Guinea, Tasmania

Address

Unit 6, 34 York St
NORTH PERTH, WA, AUSTRALIA

Phone

(61 8) 6468 0388

Email

Website

http://www.frontierresources.com.au/

Last Updated

8/4/2011