Highly active PNG minerals explorer Frontier Resources Limited is feeling more confident in its bid to win a high profile exploration licence at Tolukuma after a recent Application Warden’s Court.
The company reported it received string landowner support for the awarding of Tolukuma ELA-2531 at the Application Warden’s Court Hearing
Frontier’s chairman and managing director Peter McNeil said the Warden’s Court Hearing, which was held onsite with the traditional landowners, went extremely well and was probably the best and quickest Hearing he had ever conducted.
“The landowners all gave Frontier a ‘green light’ to come in and work, with no objections at all,” Mr McNeil said.
“This is a very encouraging start for the process which now proceeds to the Mining Advisory Council for their recommendation to the Minister.”
The ELA-2531 area was highlighted in Frontier’s action plan for the remainder of 2017 as the company considers the Application should be vigorously pursued as a high gold prospectivity area of Operations.
“Frontier applied for the highly prospective Tolukuma Region in May, with an EL that totally surrounds the recently restarted Tolukuma gold Mining Lease.
The 433 sq km area has been locked up for the last 31 years by various companies and is highly prospective for satellite high-grade epithermal gold deposits, plus porphyry copper-gold deposits. Rio Tinto shares a 5.5 linear kilometre boundary on the SW of ELA 2531 and 3D IP demonstrated possible porphyry targets.
Within the application are 25 named targets including two confirmed Projects (Saki and Soju), four Prospects (Daikoku, Wav Creek, Mitsem, Digurenda), eleven geophysical targets (T1-11), and five Regional Prospects at Udava Gorge, Tama, Mt Tafa and Gina.
Within the ELA but proximal to the ML are the Fundoot and Seriseri Projects and shared with the ML appear to be the Kimono and perhaps part of the Milaihamba Projects.
The Saki Project has been extensively drilled. 3D IP was completed and demonstrated a large 3D IP anomaly (as shown in the slide by Petromin -2012), that remains to be drilled.