✓ Bulk porphyry gold and vein gold targets at Andewa expressed as several square kilometres of strongly anomalous gold and copper in grid based soils, with large and deep 3D IP and resistivity anomalies.
✓ High grade gold drill intercepts including 1.5m of 39.3 g/t, 1.0m of 18.4, 5.9m of 13.1 g/t, 10.8m of 7.0 g/t
✓ Low grade generally entire drill holes including 993.3m of 0.10 g/t gold, 106.6m of 0.75 g/t + 0.30% copper,
114.0m of 0.74 g/t + 0.20% copper, 409.1m of 0.30 g/t, 404.6m of 0.24 g/t and 403.5m of 0.27 g/t gold.
And to clarify what previous exploration activity FNT will 'inherit' at Andewa;
Forty holes have been completed in total at Andewa for 12,531.6m, with eighteen for 9,907.9m from mid-2011 to late 2012 as part of the Newcrest JV, to depths of 1,000m targeting porphyry style gold and copper mineralisation. Gold and copper mineralisation are known to extend to >700m vertically with 2.0m of 3.95 g/t gold + 0.11% copper from 986 to 988m downhole and 2.6m grading 0.74 g/t gold + 6.4 g/t silver from 923.2 to 925.8m at end of hole.
Newcrest withdrew after spending $8M of the $20M committed to exploring Andewa with FNT.
FNT Price at posting:
3.5¢ Sentiment: Buy Disclosure: Held