FRONTIER Resources Limited’s chairman Peter McNeil is heading back to familiar territory with a new block the company has applied for in the D’Entrecasteaux Island group in Milne Bay Province.
The company announced in early November that it had applied for two new Exploration License Applications ELAs -2476 and -2477.
ELA 2476 covers approximately 436 sq km of the southern, SE central and eastern sections of Normanby island and ELA-2477 covers approximately 839 sq km of the sections of Fergusson, Goodenough and Sanaroa Islands in the D’Entrecasteaux Island group.
While the D’Entrecasteaux Islands are a relatively underexplored region and will provide, Mr McNeil said that if granted it will provide a new focus area, in a much lower exploration cost region with excellent higher grade epithermal gold mineralisation prospectivity.
“I am very familiar with the area, having worked there since 1985 and the data and intellectual property is mine, hence it is proposed that Exploration & Management Consultants Pty Ltd (of which I have an interest) will hold a 10% free carried interest in ELA2476, subject to shareholder approval (or reversion of ELA title),” Mr McNeil said.
Mc McNeil said ELA-2477 – known as Lake Lavu – contains a large number of individual areas that are prospective for epithermal gold mineralisation.
He said Frontier’s aim is to discover a high-grade and/or high tonnage type epithermal gold deposit. Local epithermal deposits include the historic Misima and Wapolu mines, the Woodlark Gold Reserve and the Imwauna, Gameta and Sehulea Deposits, that demonstrate the region has excellent gold mineralisation potential.
Six main project areas, 18 named prospect areas and other stream sediment anomalies have been identified, being:
- Wasio Project (Wasio, Filofiloia, Ebadidi and Daigu Prospects – central Fergusson Island)
- Bolubolu Project (Yaheyahe =Bolubolu North, Motouya and Bolubolu South Prospects – Goodenough Island)
- Sanaroa Project (Yaboa Hill – Sanaroa Island).
- Bwaiya Project (Bwaiya, Boselewa, S Boselewa and Wiyoumaga – north central Fergusson Island)
- Kukuia Project (Maygidi and Iaupolu – SW Fergusson Island)
- Guayasi, Kalokalo and Kwailoi (NW -central Fergusson Island)
- Muneia Uranium (North central coastal Fergusson Island)
EL Application ELA-2476 – Sewatupwa River – contains a number of geochemically anomalous zones with epithermal style gold mineralisation.
Mr McNeil said there are anomalous gold /arsenic values found in stream sediment samples, pan concentrate samples, rock float samples and soil anomalies at 6 prospect areas including: North Gui /Gui, Sewatupwa, North Gwamo, North Sipupu, Lomitawa/ Mwaduna, Kwaiahia River and 3 reconnaissance districts including: Soisoia/ Kwanaula, Abegeru/ Gudumuli and Kumwarau rivers.
The application also contains extensions to mineralisation (demonstrated by previous explorers on former ELs 1069/1091) at six zones including: Far South Imwauna, North Lataona Hill/ West Sipupu, East Imwauna, North Gwamogwamo, West Wahola and West Weioko.
Esso began systematic gold exploration in 1982 (PA 469 covered the entire D’Entrecasteaux Island group) and conducted a reconnaissance program over PA555 in late 1986. I visited what became the Weioko Deposit during that program. Stream sediment and float sampling detected eight gold prospects.
The Imwauna high grade epithermal gold deposit is discussed herein as it is the main regional target type; it is located in former EL 1091 and is not located in ELA 2476, but is within 650m of it across strike at the closest point). Imwauna was discovered by Inco following up an Esso Pan Concentrate stream anomaly. An Inferred Mineral Resource was estimated to be 1.8 million tonnes at 12.1 g/t gold + 20 g/t silver (for the contained metal of 706,000 oz. gold and 1,160,000oz. silver, by New Guinea Gold Corporation in June 2008, documented by a NI43-101 report /compliant with the JORC Code).