Hole PLS19-PW-10 returned a peak of 23.60 g/t Au over 0.5m, highlighting the potential to increase the Triple R's existing gold resource of indicated 44,400 oz @ 0.54 g/t Au in 2,540,000 tonnes and inferred 19,600 oz @ 0.49 g/t Au in 1,238,400 tonnes at cut-off grades of 0.15% U3O8 for resources potentially
mineable by open pit and 0.25% U3O8 for resources potentially
mineable by underground methods.
Frontier is focused on discovering copper-gold-molybdenum porphyry, high grade and bulk
mineable gold/ silver epithermal and gold + base metal skarn deposits in the highly mineralised Pacific 'Rim of Fire' in Papua New Guinea.
Consultant QME was appointed at the end of last year to optimise the mining plan and has suggested the
mineable tonnage can be increased by using a lower cut-off grade and by adopting a revised mine development.
Investors are cautioned not to assume that any part or all of an inferred mineral resource exists, or is economically or legally
mineable.
The company has focused its business on the palladium dominant large scale, bulk
mineable Waterberg Project in South Africa.
This drilling programme will be the first test of our belief that Rodruin can become a high grade and bulk
mineable gold project." Mark Campbell, president and chief executive officer of Aton said.
2010 shows a 32% increase in measured and indicated
mineable gold and 40% in potentially
mineable deposits at Toroparu, a release said.
The property includes around 14,000 acres with the majority being surface
mineable.
From this resource, an estimated 2.2 billion tons of economically
mineable ore, with an average copper grade of 0.5% and an average gold grade of 0.3 gms/tonne will be processed to produce 2.2 billion pounds of copper (10 million tons) and 13 million ounces of gold in form of payable metal in about 56 years of mine life.
"So, the next question is why are there detectable, even
mineable, concentrations of precious metals such as platinum and rhodium in the rock portion of the Earth today?" he added.
From this resource, an estimated 2.2 billion tons of economically
mineable ore, with an average copper grade of 0.5% and an average gold grade of 0.3 gr/tonne will be processed to produce 2.2 billion pounds of copper (10.000.000 tons) and 13 million ounces of gold in form of payable metal in about 56 years of mine life.