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Greg - It is showing on ASX. Good news regarding latest holes drilled. Hope this is the kickstart needed...
LNR - Lanthanein Resources
- Thread starter Sean K
- Start date
prawn_86
Mod: Call me Dendrobranchiata
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very low grade.
can someone out there with more geology knowledge say if such a low grade would be viable at such depth? just curious really as they wont be mining for years anyway.
not the best time to release an announcement, but you get that.
I hold.
can someone out there with more geology knowledge say if such a low grade would be viable at such depth? just curious really as they wont be mining for years anyway.
not the best time to release an announcement, but you get that.
I hold.
the ann is nothing significant, js showing that the mineralisation does extend to more than 450m. bt then we dunno the grade yet, could be very low im guessing, the jump in price without huge volume doesnt mean much, im not entering tilll mid Aug, or till the market stablises.
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i saw a section of the announcement that made me take notice
"Very strong molybdenum occurs at the base of hole KFD011, averaging 910ppm
over the last 3.2m. This is 12.5 times the deposit average for molybdenum."
i understands its copper we want. but is this of any significance?
"Very strong molybdenum occurs at the base of hole KFD011, averaging 910ppm
over the last 3.2m. This is 12.5 times the deposit average for molybdenum."
i understands its copper we want. but is this of any significance?
even at 910ppm, its still an average grade Moly (1500 - 2000+ ppm is considered good looking at MOL and QOL's finds). afterall its js a by product from their copper production. so no significance.
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To be honest, I was also pretty disappointed. I will not be buying until we're closer to ELO results.
Drilling has started at Andewa! (Wow)
Drill evaluation of the Komsen epithermal gold Prospect, located in the exciting
Andewa gold Project, commenced July 28th 2007 with the Company’s drilling rig.
Fifty two diamond core holes (about 3,800m) are planned to systematically test an initial 260m strike length of the vein system on 20m spaced fences down to a depth of about 110m (subject to change due to results and the vagaries of the veins’ orientation).
The planned fence spacing/inclinations of the holes should enable the estimation of Indicated and Inferred Resources at Komsen (subject to good results), following the completion of the drilling program.
Further drilling is likely with the return of encouraging assay results.
Frontier intend to cut a bulldozer track to Komsen and then undertake a major regional bulldozer trenching program (commencing in mid-September) to locate and define additional gold targets for drill testing.
This highly prospective extinct stratovolcano/caldera (approx. 9km wide, eroded, breached to the NW) has widespread and substantial hydrothermal alteration of the multiphase, calc-alkaline rocks contained within a 7,000m x 2,500m NW trending fracture/ structural zone.
There are five known high stratigraphic level, undrilled prospects requiring substantial evaluation and many additional areas of interest.
Results have documented a >1,000m long vein system at the Komsen Prospect with higher grade veins and possible lower grade bulk mineable targets. Possible extensions to the vein system appear to be an additional 1,000m long in total.
Gold / arsenic anomalous soil geochemistry covers an embayed triangular shaped area of approx. 18km ². Assays include trenches to 3m of 14.26 g/t gold, 15.6m of 5.12 g/t gold, 5m of 8.61 g/t + 5.9m of 3.86 g/t gold + 5.1m of 3.27 g/t gold, 9m of 6.80 g/t gold and 9m of 6.06 g/t gold and outcrop rock to 58.4 g/t gold, often with high silver +/- lead / zinc.
The large overall size of the Andewa mineralised system reflects the highly significant prospectivity for the discovery of a major gold deposit.
It is Frontier’s intent to fast track evaluation of the Andewa Prospects with the view to defining higher grade vat leaching targets for possible development in the nearer term.
Drill evaluation of the Komsen epithermal gold Prospect, located in the exciting
Andewa gold Project, commenced July 28th 2007 with the Company’s drilling rig.
Fifty two diamond core holes (about 3,800m) are planned to systematically test an initial 260m strike length of the vein system on 20m spaced fences down to a depth of about 110m (subject to change due to results and the vagaries of the veins’ orientation).
The planned fence spacing/inclinations of the holes should enable the estimation of Indicated and Inferred Resources at Komsen (subject to good results), following the completion of the drilling program.
Further drilling is likely with the return of encouraging assay results.
Frontier intend to cut a bulldozer track to Komsen and then undertake a major regional bulldozer trenching program (commencing in mid-September) to locate and define additional gold targets for drill testing.
This highly prospective extinct stratovolcano/caldera (approx. 9km wide, eroded, breached to the NW) has widespread and substantial hydrothermal alteration of the multiphase, calc-alkaline rocks contained within a 7,000m x 2,500m NW trending fracture/ structural zone.
There are five known high stratigraphic level, undrilled prospects requiring substantial evaluation and many additional areas of interest.
Results have documented a >1,000m long vein system at the Komsen Prospect with higher grade veins and possible lower grade bulk mineable targets. Possible extensions to the vein system appear to be an additional 1,000m long in total.
Gold / arsenic anomalous soil geochemistry covers an embayed triangular shaped area of approx. 18km ². Assays include trenches to 3m of 14.26 g/t gold, 15.6m of 5.12 g/t gold, 5m of 8.61 g/t + 5.9m of 3.86 g/t gold + 5.1m of 3.27 g/t gold, 9m of 6.80 g/t gold and 9m of 6.06 g/t gold and outcrop rock to 58.4 g/t gold, often with high silver +/- lead / zinc.
The large overall size of the Andewa mineralised system reflects the highly significant prospectivity for the discovery of a major gold deposit.
It is Frontier’s intent to fast track evaluation of the Andewa Prospects with the view to defining higher grade vat leaching targets for possible development in the nearer term.
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Another announcement out - Drilling Commences at Andewa Gold Project PNG
Hopefully this is the start of the expected increase of announcements through August & beyond...
Hopefully this is the start of the expected increase of announcements through August & beyond...
Sean K
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On the surface looks like a very prospective project. They've got a few progressing well now. I'm surprised the sp has come off so much. Was more than the healthy consolidation I would have expected. Looks like 15.5-16 should be good support here. Hopefully the overall market holds up to allow this to continue on an upward path instead of sliding back to that sideways drama.
Attachments
Let me put it this way.....
You don't instigate this kind of drilling program
"Fifty two diamond core holes (about 3,800m) are planned to systematically test an initial 260m strike length of the vein system on 20m spaced fences down to a depth of about 110m ...."
on a wing and a prayer!
You don't instigate this kind of drilling program
"Fifty two diamond core holes (about 3,800m) are planned to systematically test an initial 260m strike length of the vein system on 20m spaced fences down to a depth of about 110m ...."
on a wing and a prayer!
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ouuccchhhhhhh! FNT is getting absolutely slammed today. Better hope those results start flowing or we will be back to the 13 cent mark where we started soon. Not cool!
Its really quite amazing that this may occur, given the great results and increased potential from FNT..so much more to come over the next few months. But check out that trading recently, so many cross trades (almost all of the trades in the last hour have been XT), buy/sell depth all over the place..makes an interesting albeit stressful ride. I personally think bargain buying at these prices, though in this market, jitters prevail.
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Yes - very strange!? The last order to go through was for around 200k shares at 16c, this despite the previous trade at 14c. Am I missing something or does it appear that someone is trying to hold up the sp for some reason. A bit like when the sp was at around 13c before the JORC upgrade & everyone was talking of price capping. Is this the reverse of that process?
It is very hard to stop selling, when people have to sell for various reasons and when the market turns south people sell everything...
Its much easier to stop a share from going up than it is from going down.
If you are a trader you would not be holding FNT right now as the volumes have been low, and the trend is down.
If you're an investor FNT is the perfect time to buy, or considering accumulation.
It all depends on your strategy and tolerance for risk.
FNT is a long term hold for me. I am letting profits run, and by doing this giving myself the best chance with FNT.
Everyone had their chance to sell above 20 cents... if you didn't sell, and were looking to sell for 30 cents then that was probly driven by greed.
The story for FNT hasn't changed, they need production. At 2 cents, 10 cents, 15 cents, 25 cents, it is not going to matter. A copper producing FNT will be a multi bagger.
This may take 3-5 years.
I'd imagine your OXR, and ZFX had there tuff times in the beginning, as people made money off good news, lack of news, etc.
Not comparing the companies, but at this end of the market it is for quick profits, or sit and forget....
You either believe or you dont. Share price means nothing right now.
Its much easier to stop a share from going up than it is from going down.
If you are a trader you would not be holding FNT right now as the volumes have been low, and the trend is down.
If you're an investor FNT is the perfect time to buy, or considering accumulation.
It all depends on your strategy and tolerance for risk.
FNT is a long term hold for me. I am letting profits run, and by doing this giving myself the best chance with FNT.
Everyone had their chance to sell above 20 cents... if you didn't sell, and were looking to sell for 30 cents then that was probly driven by greed.
The story for FNT hasn't changed, they need production. At 2 cents, 10 cents, 15 cents, 25 cents, it is not going to matter. A copper producing FNT will be a multi bagger.
This may take 3-5 years.
I'd imagine your OXR, and ZFX had there tuff times in the beginning, as people made money off good news, lack of news, etc.
Not comparing the companies, but at this end of the market it is for quick profits, or sit and forget....
You either believe or you dont. Share price means nothing right now.
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Just a PNG article I came across....i dont think theres any new news in it from there announcements....
http://www.thenational.com.pg/080107/business2.htm
http://www.thenational.com.pg/080107/business2.htm
prawn_86
Mod: Call me Dendrobranchiata
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well its back down to 13c which is where i first bought in. I think it is more to do with market sentiment than anything else.
i am free holding my parcel long term so it doesnt really bother me, although it will take a big announcement to move it above 20c again especially the way the market is at the moment.
im sitting on a loss with the oppies and am hoping that this week is the end of the correction so FNTO can get back in the money, especially with the expiry date so soon!
i am free holding my parcel long term so it doesnt really bother me, although it will take a big announcement to move it above 20c again especially the way the market is at the moment.
im sitting on a loss with the oppies and am hoping that this week is the end of the correction so FNTO can get back in the money, especially with the expiry date so soon!
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remember the copper price is going to need to hold up for those 3-5 years to maintain a financially viable project.
thats where a lot of explorers can fall through the cracks IMO, it can take so long to get a resource defined then get finance then build processing plants etc. this 3-5 year timeframe would be a minimum IMO.
speculative stocks will also get hit hardest when market drops, a lot of hot money comes out and has put it right back to square one.
disc - i no longer hold this stock, sold around 20 cent region. IMO i saw this one as a good short term play. i was not interested in investing in a spec miner for a long term investment.
good luck to longs, i watch with interest, if copper price holds up FNT would still be good short term play after market has finished correcting itself.
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