Latest Share Chat

REMOVE ADS

FML.L Regulatory News (FML)

FML.L Information

There is currently no data for FML

REMOVE ADS

Drilling Update

10 May 2010 07:00

RNS Number : 5906L

Frontier Mining Ltd

10 May 2010

FRONTIER MINING LTD

("Frontier" or the "Company")

New Infill Drilling Results at the Benkala Copper Project

Frontier Mining Ltd (AIM: FML), the AIM listed gold and copper exploration and development company focused on Kazakhstan, is pleased to announce an update of results from its infill drilling programme at its 50% owned Benkala Copper development project in north-western Kazakhstan. Benkala is managed by KazCopper LLP ("KazCopper"), the joint-venture company.

As previously announced in 2009 and early 2010, KazCopper undertook a 54 hole (approximately 6,700 meters) drilling program primarily designed to confirm the oxide zone of the Benkala deposit, which will enable KazCopper to utilise conventional SX-EW processing technology. Of the 54 holes, 48 holes were drilled to depths of 33 to 200 meters (with approximately 4,800 meters drilled in oxide ore) and six holes were drilled to depths of 230 - 350 meters (with approximately 1,800 meters drilled in primary ore).

Over 4,500 assay samples were collected during the drilling program and sent to the Geoplazma laboratory in Kazakhstan. Independent sampling checks are being carried out by the Alex Stewart laboratory in Kyrgyzstan. As of 4 May, 2010, KazCopper has received assay results for 8 holes. The results are summarised below, based on a 0.25% cut off grade. Full assay results are presented in the table at the end of this release.

Drill Hole	Interval (Meters)	% Copper
111-4	19.5	0.74
115-3	6.0	0.58
115-5	44.0	0.60
115-8	10.5	0.33
116-6	31.0	0.55
117-5	45.5	0.92
117-5	27.0	0.59
117-6	33.5	0.52
Total	227.0
Average Grade		0.63

As shown in the table below, the results from the first eight holes indicate slightly higher (0.63%) copper grades compared to the historical (Soviet 1976-1980) drilling data which indicated an average copper content for the Benkala deposit of 0.55%.

	Avg. Interval (Meters)	Avg. Copper %
8 New Frontier Drill Holes	28.38	0.63
Comparable Historical Soviet (1976-1980) Results	25.54	0.55

Erlan Sagadiev, CEO of Frontier Mining commented: "Now that we are entering the production phase, we are pleased to see that these positive results continue to demonstrate the quality of the Benkala deposit. With 63% recovery in the lab tests, the ability to process the oxide cap of the deposit through conventional SX/EW processing reinforces our decision to use this technology and further supports our overall business strategy for initial production in 2011."

The Company will continue to provide updates on its drilling results and development activities at Benkala as they become available.

Qualified Person's Declaration

The information in this announcement that relates to drilling results is based on information compiled by and reviewed by Brian Savage, Director. Mr. Savage has a BSc in Mining Engineering and MSc in Mineral Economics from the Colorado School of Mines. He has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration, and to the type of activity which he is undertaking to qualify as a Qualified Person as defined in the March 2006 Edition of the AIM Guidance Note for Mining, Oil and Gas Companies. He consents to the inclusion in the announcement of the matters based on his information in the form and context in which they appear and confirms that this information is accurate and not false or misleading.

Enquiries:

Frontier Mining Ltd

George Cole

+44 (0)20 7898 9019

Libertas Capital

Sandy Jamieson

+44 (0)20 7569 9695

Walbrook PR

Bob Huxford / Leah Kramer

+44 (0)20 7933 8780

Notes to Editors:

Full Assay results are presented in the following table:

		Interval (Meters)		Cut off grade 0.25%
Drill Hole	Sample	From	to	Length, meters	Cu, (%)	м*%
111-4	3622	40.50	42.00	1.50	0.29	0.44
111-4	3623	42.00	43.50	1.50	0.67	1.00
111-4	3624	43.50	45.00	1.50	1.08	1,62
111-4	3625	45.00	46.50	1.50	1.05	1.58
111-4	3627	46.50	48.00	1.50	1.21	182
111-4	3628	48.00	49.50	1.50	1.76	2.64
111-4	3629	49.50	51.00	1.50	0.74	1.11
111-4	3630	51.00	52.50	1.50	0.63	0.94
111-4	3631	52.50	54.00	1.50	0.32	0.49
111-4	3632	54.00	55.50	1.50	0.78	1.17
111-4	3633	55.50	57.00	1.50	0.43	0.64
111-4	3634	57.00	58.50	1.50	0.34	0.51
111-4	3635	58.50	60.00	1.50	0.31	0.46
Total				19.50		14.41
Average					0.74
115-3	2955	33.00	34.50	1.50	0.59	0.89
115-3	2956	34.50	36.00	1.50	0.49	0.74
115-3	2957	36.00	37.50	1.50	0.92	1.37
115-3	2958	37.50	39.00	1.50	0.32	0.47
Total				6.00		3.48
Average					0.58
115-5	2703	38.00	39.50	1.50	0.45	0.67
115-5	2704	39.50	41.00	1.50	0.66	0.99
115-5	2705	41.00	42.50	1.50	1.01	1.52
115-5	2706	42.50	44.00	1.50	1.17	1.76
115-5	2707	44.00	45.50	1.50	1.56	2.34
115-5	2709	45.50	47.00	1.50	0.78	1.17
115-5	2710	47.00	48.50	1.50	0.76	1.14
115-5	2711	48.50	50.00	1.50	0.73	1.09
115-5	2712	50.00	51.50	1.50	0.73	1.10
115-5	2713	51.50	53.00	1.50	0.84	1.26
115-5	2714	53.00	54.50	1.50	0.72	1.08
115-5	2715	54.50	56.00	1.50	0.69	1.04
115-5	2716	56.00	57.50	1.50	1.15	1.73
115-5	2717	57.50	59.00	1.50	0.84	1.26
115-5	2719	59.00	60.50	1.50	0.70	1.04
115-5	2720	60.50	62.00	1.50	0.50	0.75
115-5	2721	62.00	63.50	1.50	0.26	0.39
115-5	2722	63.50	65.00	1.50	0.17	0.25
115-5	2723	65.00	66.50	1.50	0.31	0.46
115-5	2724	66,50	68.00	1.50	0.22	0.33
115-5	2725	68.00	69.50	1.50	0.37	0.55
115-5	2726	69.50	71.00	1.50	0.34	0.50
115-5	2727	71.00	72.50	1.50	0.28	0.43
115-5	2729	72.50	74.00	1.50	0.32	0.48
115-5	2730	74.00	75.50	1.50	0.31	0.47
115-5	2731	75.50	77.00	1.50	0.57	0.86
115-5	2732	77.00	78.50	1.50	0.49	0.74
115-5	2733	78.50	80.00	1.50	0.23	0.35
115-5	2734	80.00	82.00	2.00	0.26	0.52
Total				44.00		26.27
Average					0.60
115-8	2351	32.50	34.00	1.50	0.34	0.51
115-8	2352	34.00	35.50	1.50	0.32	0.48
115-8	2353	35.50	37.00	1.50	0.44	0.66
115-8	2354	37.00	38.50	1.50	0.33	0.49
115-8	2355	38.50	40.00	1.50	0.31	0.46
115-8	2357	40.00	41.50	1.50	0.32	0.48
115-8	2358	41.50	43.00	1.50	0.28	0.43
Total				10.50		3.50
Average					0.33
116-5	1181	26.00	28.00	2.00	0.37	0.74
116-5	1182	28.00	30.00	2.00	0.48	0.96
116-5	1183	30.00	32.00	2.00	0.51	1.02
116-5	1184	32.00	34.00	2.00	0.24	0.48
116-5	1185	34.00	36.00	2.00	0.36	0.73
Total				10.00		3.93
Average					0.39
116-6	1021	38.00	39.50	1.50	0.46	0.69
116-6	1022	39.50	41.00	1.50	0.22	0.34
116-6	1023	41.00	42.50	1.50	0.11	0.16
116-6	1024	42.50	44.00	1.50	0.36	0.54
116-6	1025	44.00	45.70	1.70	0.60	1.01
116-6	1026	45.70	47.00	1.30	0.65	0.84
116-6	1027	47.00	48.50	1.50	0.99	1.49
116-6	1028	48.50	50.00	1.50	0.71	1.06
116-6	1029	50.00	51.50	1.50	0.61	0.92
116-6	1030	51.50	53.00	1.50	0.60	0.89
116-6	1031	53.00	54.50	1.50	0.60	0.89
116-6	1032	54.50	56.00	1.50	0.85	1.27
116-6	1033	56.00	57.50	1.50	0.54	0.80
116-6	1034	57.50	59.00	1.50	0.50	0.75
116-6	1035	59.00	60.50	1.50	0.60	0.90
116-6	1036	60.50	62.00	1.50	0.50	0.75
116-6	1037	62.00	63.50	1.50	0.59	0.88
116-6	1038	63.50	65.00	1.50	0.50	0.76
116-6	1039	65.00	66.50	1.50	0.55	0.83
116-6	1040	66.50	68.00	1.50	0.46	0.69
116-6	1041	68.00	69.00	1.00	0.51	0.51
Total				31.00		16.97
Average					0.55
117-5	2107	38.50	40.00	1,50	0.70	1.05
117-5	2108	40.00	41.50	1,50	1.36	2.04
117-5	2109	41.50	43.00	1,50	0.87	1.30
117-5	2110	43.00	44.50	1,50	0.98	1.47
117-5	2111	44.50	46.00	1,50	1.38	2.07
117-5	2113	46.00	47.50	1,50	1.30	1.95
117-5	2114	47.50	49.00	1,50	1.62	2.43
117-5	2115	49.00	50.50	1,50	2.01	3.02
117-5	2116	50.50	52.00	1,50	1.71	2.57
117-5	2117	52.00	53.50	1,50	1.25	1.88
117-5	2118	53.50	55.00	1,50	1.26	1.89
117-5	2119	55.00	56.50	1,50	1.54	2.31
117-5	2120	56.50	58.00	1,50	1.07	1.61
117-5	2121	58.00	59.50	1,50	1.43	2.15
117-5	2123	59.50	61.00	1,50	1.44	2.16
117-5	2124	61.00	62.50	1,50	1.02	1.53
117-5	2125	62.50	64.00	1,50	0.58	0.87
117-5	2126	64.00	65.50	1,50	0.49	0.73
117-5	2127	65.50	67.00	1,50	0.54	0.81
117-5	2128	67.00	68.50	1,50	0.43	0.65
117-5	2129	68.50	70.80	2,30	0.47	1.08
117-5	2130	70.80	72.00	1,20	0.80	0.95
117-5	2131	72.00	73.50	1,50	1.10	1.65
117-5	2133	73.50	75.00	1,50	0.62	0.94
117-5	2134	75.00	76.50	1,50	0.49	0.74
117-5	2135	76.50	78.00	1,50	0.26	0.39
117-5	2136	78.00	79.50	1,50	0.23	0.34
117-5	2137	79.50	81.00	1,50	0.21	0.32
117-5	2138	81.00	82.50	1,50	0.30	0.44
117-5	2139	82.50	84.00	1,50	0.44	0.66
Total				45.50		41.97
Average					0.92
117-5	2209	177.00	178.50	1.50	0.31	0.47
117-5	2210	178.50	180.00	1.50	0.64	0.97
117-5	2211	180.00	181.50	1.50	0.51	0.76
117-5	2213	181.50	183.00	1.50	0.61	0.92
117-5	2214	183.00	184.50	1.50	0.55	0.82
117-5	2215	184.50	186.00	1.50	0.51	0.77
117-5	2216	186.00	187.50	1.50	066	0.99
117-5	2217	187.50	189.00	1.50	0.57	0.85
117-5	2218	189.00	190.50	1.50	0.47	0.70
117-5	2219	190.50	192.00	1.50	0.52	0.78
117-5	2220	192.00	193.50	1.50	0.84	1.27
117-5	2221	193.50	195.00	1.50	0.71	1.06
117-5	2223	195.00	196.50	1.50	0.63	0.95
117-5	2224	196.50	198.00	1.50	0.59	0.88
117-5	2225	198.00	199.50	1.50	0.59	0.89
117-5	2226	199.50	201.00	1.50	0.48	0.72
117-5	2227	201.00	202.50	1.50	0.78	1.17
117-5	2228	202.50	204.00	1.50	0.60	0.90
Total				27.00		15.86
Average					0.59
117-6	3526	42.50	44.00	1,50	0.28	0.41
117-6	3527	44.00	45.50	1,50	0.37	0.56
117-6	3529	45.50	47.00	1,50	0.41	0.62
117-6	3530	47.00	48.50	1,50	0.70	1.04
117-6	3531	48.50	50.00	1,50	0.92	1.37
117-6	3532	50.00	51.50	1,50	0.62	0.92
117-6	3533	51.50	53.00	1,50	0.46	0.68
117-6	3534	53.00	54.50	1,50	0.51	0.76
117-6	3535	54.50	56.00	1,50	0.48	0.72
117-6	3536	56.00	57.50	1,50	0.66	0.99
117-6	3537	57.50	59.00	1,50	0.75	1.13
117-6	3539	59.00	60.50	1,50	0.41	0.62
117-6	3540	60.50	62.00	1,50	0.53	0.80
117-6	3541	62.00	63.50	1,50	0.59	0.88
117-6	3542	63.50	65.00	1,50	0.31	0.47
117-6	3543	65.00	66.50	1,50	0.32	0.49
117-6	3544	66.50	68.00	1,50	0.46	0.70
117-6	3545	68.00	69.50	1,50	0.60	0.90
117-6	3546	69.50	71.30	1,80	0.62	1.12
117-6	3547	71.30	73.00	1,70	0.57	0.96
117-6	3549	73.00	74.50	1,50	0.49	0.73
117-6	3550	74.50	76.00	1,50	0.38	0.56
Total				33.50		17.42
Average					0.52

Note: % M* = Interval meters x % copper

About Frontier Mining Ltd:

Frontier Mining Ltd. is a mineral exploration and development Company that was incorporated in the state of Delaware, USA, on 5 August 1998 for the purpose of exploring and developing gold and copper deposits in the Republic of Kazakhstan. Through its subsidiaries and affiliates, Frontier locates, evaluates, acquires, explores and develops mineral properties.

Frontier currently owns two licenses in Kazakhstan. They are the Naimanjal exploration and mining licence, held by FML Kazakhstan, and, 50% of U.S. Megatech BVI which holds the Benkala licence. FML Kazakhstan is a wholly-owned subsidiary of Frontier Mining Ltd. Frontier has one producing gold mine, Naimanjal; one pre-feasibility stage gold project, Koskuduk; and the recently acquired 50% interest in the Benkala copper mine.

Frontier also has a potential copper porphyry deposit with associated gold and molybdenum, Baitimir; and several copper/gold prospects along a 25-km trend including both VMS and porphyry types. Metallurgical tests on its Beschoku and Yubileiny copper projects confirm the oxide copper ore is amenable to extraction using low cost SX-EW technology.

Frontier owns a 50% interest in KazCopper LLP, the joint venture company that owns the Benkala copper-molybdenum-gold deposit located in north-western Kazakhstan within the Urals gold/copper ore belt. A Competent Persons Report ("CPR") on the Benkala project completed by Wardell Armstrong International ("WAI") in March 2007 estimated 47.75 Mt at an average grade of 0.36% Copper ("Cu") for the oxide mineralization, and 873.75 Mt at an average grade of 0.30% Cu for the sulphide mineralisation, representing some 2.8 million tonnes of contained copper, and at a 10% Discount Rate and a $1.5/lb Cu price, the Benkala Project has an NPV approaching $500M. A conceptual study team and advisory team have both been appointed to fast track the development of this project forward towards a pre- feasibility study, with a view to beginning production in 2011.

Issued Share Capital

Frontier Mining's shares are traded on the AIM market of the London Stock Exchange.

Frontier now has 917,336,219 issued and 21,812,009 reserved options giving 939,148,228 fully diluted ordinary shares.

For further information please visit; www.frontiermining.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

DRLLFFIFETIAIII

Date		Source	Headline
30th Sep 2010	2:30 pm	RNS	Half Yearly Report (Replacement)
29th Sep 2010	12:00 pm	RNS	Half Yearly Report
17th Sep 2010	3:05 pm	RNS	Gold Production Update
26th Jul 2010	7:00 am	RNS	Gold Production Update
14th Jul 2010	7:00 am	RNS	Gold Production Update
5th Jul 2010	2:10 pm	RNS	Intention to Re-domicile
28th Jun 2010	12:35 pm	RNS	Annual Financial Report
24th Jun 2010	7:00 am	RNS	Benkala Project Update
21st Jun 2010	7:00 am	RNS	Technical Design Contract
17th Jun 2010	7:00 am	RNS	Final Results
16th Jun 2010	7:00 am	RNS	Completion of Independent Technical Review
10th May 2010	7:00 am	RNS	Drilling Update
29th Mar 2010	7:00 am	RNS	Infill Drillng Update
22nd Mar 2010	7:00 am	RNS	Licence Update
16th Feb 2010	10:14 am	RNS	Board appointment
16th Feb 2010	10:12 am	RNS	Merger discussions
18th Jan 2010	8:19 am	RNS	Exercise of Warants
14th Dec 2009	7:00 am	RNS	Pre-close Operational Update
30th Sep 2009	7:00 am	RNS	Half Yearly Report
18th Sep 2009	4:30 pm	RNS	Issue of Equity
28th Aug 2009	4:30 pm	RNS	Issue of Equity
25th Aug 2009	3:45 pm	RNS	Frontier Secures Additional ?5m Funding
31st Jul 2009	4:10 pm	RNS	Director/PDMR Shareholding
30th Jun 2009	3:03 pm	RNS	Publication of Audited Accounts 2008
30th Jun 2009	1:21 pm	RNS	Final Results
23rd Jun 2009	11:44 am	RNS	Naimanjal Gold Production Update
16th Jun 2009	7:00 am	RNS	Benkala Licence and Operations Update
2nd Jun 2009	3:58 pm	RNS	Holding(s) in Company
2nd Jun 2009	9:40 am	RNS	Naimanjal License Update
30th Apr 2009	5:46 pm	RNS	Completion of $14 million Financing
22nd Apr 2009	5:45 pm	RNS	Statement re: Share Price Rise
15th Apr 2009	4:29 pm	RNS	Loan Note Deferral
13th Mar 2009	10:09 am	RNS	Update on Loan Note Deferral
10th Mar 2009	4:17 pm	RNS	Appointment of New CEO
23rd Feb 2009	7:00 am	RNS	Update on Convertible Loan Note
16th Feb 2009	3:48 pm	RNS	New financing arrangements
16th Feb 2009	3:47 pm	RNS	Directorate Change
11th Feb 2009	10:40 am	RNS	Holding(s) in Company
9th Feb 2009	9:06 am	RNS	Directorate Change
26th Jan 2009	7:00 am	RNS	Further update on Proposed Financing
19th Jan 2009	11:49 am	RNS	Holding(s) in Company
19th Jan 2009	7:00 am	RNS	Update on Proposed Financing
12th Jan 2009	3:46 pm	RNS	Holding(s) in Company
22nd Dec 2008	7:00 am	RNS	Proposed Financing & Director Appointments
22nd Dec 2008	7:00 am	RNS	Change of Adviser
18th Dec 2008	7:25 am	RNS	Update on Deferral of Loan Note
10th Dec 2008	7:00 am	RNS	Test Results at Benkala
14th Nov 2008	10:17 am	RNS	Deferral of Loan Note
30th Sep 2008	7:00 am	RNS	Interim Results
22nd Sep 2008	7:00 am	RNS	Benkala Operations Update

Latest Share Chat

FML.L Regulatory News (FML)

Drilling Update

Please enter at least 2 characters

No results found

Search results

Recently viewed

Trending