I read this today.
Frontier Resources (FNT) has recently completed a field sampling program which identified further outcropping ironstones at the Lyon_12 and Lyon_13 prospects.These prospects lie within the Gascoyne Rare Earth Element (REE) Project in Western Australia’s Gascoyne region.The field work aimed to follow up on high-priority targets identified by Southern Geoscience Consultants in an airborne magnetic-radiometric survey which would help inform future drilling programs over the next few months.Positively, the targets have been identified within the Durlacher Supersuite lithology which hosts Hastings Technology Metals’ (HAS) world-class Yangibana Mineral Resource as well as multiple discoveries made by Dreadnought Resources (DRE).Frontier Resources Non-Executive Director Brian Thomas said discovering additional ironstones at the Gascoyne REE Project is an “exciting development”.“These ironstones have never been sampled for rare earths and are identical to the ironstones that host the major rare earth mine at Hastings, less than three kilometres away,” he said.“The close proximity to Yangibana, combined with the recent successes of our neighbouring tenement holder Dreadnought Resources (DRE) discovering high-grade ironstones and REE bearing carbonatites, highlights the fertile nature of the area.”Frontier has sent off 154 rock chip samples to the lab for assaying with results expected by the end of March.The results will be used to plan a drilling program expected to begin in the June quarter.
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