Ann: Saki Final Trench Sampling Results Including 1m @128g/t Au, page-106

Hi GD,

Thank you for asking about the "120 Vein" which clearly extends into FNT's Kimono prospect, which lies within FNT's Tolukuma EL2531 tenement.

As you know, I already posted a link to a research paper (from 1994) which IMHO contained some excellent information about the entire Tolukuma area (chiefly FNT's EL2531 tenement and the TGM ML104 tenement). Here is the link to this download again.

https://www.researchgate.net/publication/284492997_The_Tolukuma_AuAg_vein_system_Papua_New_Guinea

Here is a cut and paste from this research paper about the "120 Vein" specifically, which I believe contains some very important information, and which probably answers your question:




As you can see, according to this research paper, there does not appear to have been any drilling carried out within the "120 Vein". Having said this, the surface assays i.e. 13m 15.85 g/t and 2m of 97.5 g/t were extremely impressive. I believe that the assay results that this research paper is referring to, are from surface sampling that was carried out by Newmont in the late 80`s.

In addition, and most importantly, this research paper also states that the 120 Vein "is a little eroded system" i.e. there should also be very good Gold grades at depth.

With regard to FNT's recent comments about the "120 Vein", in their latest Annual Report, FNT stated the following:

"The Kimono system of gold veins extends for over 4.0km, including the 120 and Dudu veins (Figure 3). Field mapping and sampling by Frontier identified the newly discovered ‘Tassy Vein’ as well as follow-up extensions andcontinuity of historical gold veins identified by Newmont."

From the above statement, I also believe that FNT are referring to the "surface" sampling that Newmont carried out in the late 80`s (within the "120 Vein"), which revealed the aforementioned assay results i.e. 13m 15.85 g/t and 2m of 97.5 g/t.

I therefore expect FNT to commence extensive drilling at Kimono (which includes the 120 Vein) later this year in order to ascertain the continuity of the surface gold veins that were identified by Newmont, as well as FNT's own surface sampling which they have recently completed.

With regard to FNT's surface sampling from Kimono, the assay results from this surface sampling included values of 80.9g/t, 52.7g/t and 22.2g/t, indicating a high-grade segment of the Kimono Vein.

I hope this helps to answer your question.

Cheers.