Far Northern Resources (ASX:FNR)

Far Northern Resources September 2024 Quarterly Report

Far Northern Resources (ASX:FNR) (FNR or the Company) recently completed a targeted Reverse Circulation (RC) drilling program at the Empire Mining Lease. This program aimed to update and infill the 2020 resource model, with a focus on the primary vein at the northern end of the Empire Stockworks. The drilling results have confirmed the presence of high-grade gold zones (>3 g/t Au), with mineralization remaining open at depth and along strike, indicating further exploration potential.


Highlights Project: The Empire Projects / Chillagoe, North Queensland

  • Completion of drilling in North Queensland.
  • In the process of updating the Resource Model at Empire.
  • Base Case Sensitivity Analysis of Empire North underway.

Drilling Results

Six RC drill holes were completed, all of which intercepted high-grade quartz veins in line with the previous modelling.

The following assay results were announced to the market on 13 September1

  • 4m @ 1.24g/t Au from 28m in FNRRC031 (incl. 1m @ 2.90 g/t Au)
  • 1m @ 1.20g/t Au from 43m in FNRRC031
  • 1m @ 1.01g/t Au from 13m in FNRRC032
  • 3m @ 0.93g/t Au from 50m in FNRRC032
  • 1m @ 14.96g/t Au from 9m in FNRRC033
  • 1m @ 9.05g/t Au from 44m in FNRRC033
  • 1m @ 2.49g/t Au from 11m in FNRRC034
  • 8m @ 3.03g/t Au from 18m in FNRRC034 (incl. 5m @ 4.31 g/t Au)
  • 1m @ 1.32g/t Au from 32m in FNRRC034
  • 1m @ 1.02g/t Au from 41m in FNRRC034
  • 1m @ 2.80g/t Au from 0m in FNRRC035
  • 1m @ 1.45g/t Au from 11m in FNRRC035
  • 1m @ 1.24g/t Au from 14m in FNRRC035
  • 6m @ 1.23g/t Au from 29m in FNRRC035
  • 1m @ 1.30g/t Au from 32m in FNRRC036

These intercepts demonstrate the continuity of high-grade mineralization within the Empire Stockworks, supporting the potential for future mining operations. The assays will be fed into an updated resource and economic model to reflect current gold prices, forming the basis for future feasibility studies.

Far Northern Resources Mineral Resources as at the date of fnr’s prospectus

These figures provide an important foundation as the Company looks to future expansion.

Strategic Positioning

FNR is in a strong position to advance the Empire Project, given its proximity to a mill located less than 20 km from the current mining lease. The mill access greatly enhances the economic feasibility of mining operations and will be crucial as the company moves into more advanced feasibility studies.

Looking Forward

The FNR team remains excited about the exploration potential at the Empire Stockworks. With the deposit still open at depth and along strike, the board is confident that additional drilling will continue to expand the resource base. The securing of funding from the IPO for ongoing exploration activities has ensured that the Company can continue developing the project with the aim of establishing FNR’s first operational mine.

Conclusion

The results from the 2024 drilling campaign have provided valuable new data, confirmed the presence of high-grade gold mineralization and enhanced the Company’s resource model. FNR will continue to focus on exploration at the Empire Project, with the goal of moving toward full feasibility and mining operations in the coming years.


Click here for the full ASX Release

This article includes content from Far Northern Resources, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

FNR:AU
Far Northern Resources

Far Northern Resources Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
  Tartana Minerals Limited

Quarterly Activities Report for Period Ended 30 September 2024 and Appendix 5B

Copper production and Metallurgical Test Results

Tartana Minerals Limited (ASX: TAT) (the Company), is pleased to announce it had achieved a strong quarter with higher production levels providing revenue in excess of A$1 million for the quarter. Production has continued during October with the production of more than 135 tonnes and we are targeting at least two shipments by month end.

Keep reading...Show less
Vertex Minerals

Quarterly Activities Report for the Period Ended 30 September 2024

Vertex Minerals Limited (‘VTX’) is pleased to present its Quarterly Activities and Cash Flow Report.
Keep reading...Show less
Emu NL logo

Ǫuarterly Activity Report 30 September 2024

Emu NL (ASX: EMU or the Company) is pleased to report on its activities for the quarter ending 30 September 2024. Throughout the quarter, EMU continued to advance its exploration programme at the Yataga Copper Project at Georgetown, in North Ǫueensland.

Keep reading...Show less
Piche Resources

Quarterly Activities Report for the Period Ending 30 September 2024

Piche Resources Limited (ASX: PR2) (“Piche” or the “Company”), holds an extensive tenement portfolio in Australia and Argentina with the focus being uranium and gold. In Western Australia, the Company has commenced drilling on its Proterozoic unconformity style uranium project, whilst in Argentina, field programmes are well underway on the Sierra Cuadrada sandstone hosted uranium project and the Cerro Chacon low sulphidation epithermal gold project (Figure 1).

Keep reading...Show less
Manuka Resources

September 2024 Quarterly Activities Report

Manuka Resources Limited (“Manuka” or the “Company”) is pleased to provide the following report on its activities during the quarter ending 30 September 2024.

Keep reading...Show less
Far Northern Resources

Far Northern Resources Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

×