LNR - Lanthanein Resources

[flyboy77]

At least one other hole has been drilled, from memory.

Let's not forget that it was the first hole EVER at Elo and that any decent resource found at Elo or thereabouts can simply be lumped on top of the Kodu resource......

Lower grades at Elo might still produce $ for FNT as presumably the intent was never to build separate mills in any event?

 

[doogie_goes_off]

YT, there are 2 holes drilled at elo, no more as far as I can tell. Here's my prospect analysis.

Elo release shows 2 holes - one drilled into blue rock (diorite) and a second drilled into blue and purple rock, this is diorite and basalt, this means they have tested the porphyry (diorite), the second hole has tested the porphyry contact (diorite interfingered with basalt). The release diagrams show that they have tested the two peak/coherent copper in soil anomalies, the probability of a significant copper porphyry at Elo will be diminished if the second hole has low grades.

If the second hole is a good result then the north-east trend in the copper in soil anomalism allows for a "mixed intrusive and basalt" dyke swarm type of deposit which would be less preferable to a big mineralised intrusive like the giant copper porphyry deposits, but ofcourse that depends on grade. The stated tonnage potential must be reduced by the fact that they have tested half the main anomaly unless they have very bad luck.

If the second hole comes up with a poor result, they are left with a patchy gold target to the south. Incidentally the gold component if porphyries is just that (a component), the normal deposit types generally are copper bearing, with low copper anomalism in the south other gold deposit styles could be possible. I don't believe Elo is a monster yet. The next hole would want to be better.

Apparently further drilling depends on assay results, which seems logical given the average result from the first hole. Note that molybdenum was elevated in the hole but so were the soils to the west (where the hole drilled), so the hole to the east is (hole 2) is likely to have less molybdenum (see soils diagrams from original release May 2nd). If there is low copper in hole 2 then a copper-porphyry deposit may only be present somewhere at depth and the prospect is downgraded.

Andewa is the new blue sky for FNT.

 

[rico01]

YT, there are 2 holes drilled at elo, no more as far as I can tell. Here's my prospect analysis.

Elo release shows 2 holes - one drilled into blue rock (diorite) and a second drilled into blue and purple rock, this is diorite and basalt, this means they have tested the porphyry (diorite), the second hole has tested the porphyry contact (diorite interfingered with basalt). The release diagrams show that they have tested the two peak/coherent copper in soil anomalies, the probability of a significant copper porphyry at Elo will be diminished if the second hole has low grades.

If the second hole is a good result then the north-east trend in the copper in soil anomalism allows for a "mixed intrusive and basalt" dyke swarm type of deposit which would be less preferable to a big mineralised intrusive like the giant copper porphyry deposits, but ofcourse that depends on grade. The stated tonnage potential must be reduced by the fact that they have tested half the main anomaly unless they have very bad luck.

If the second hole comes up with a poor result, they are left with a patchy gold target to the south. Incidentally the gold component if porphyries is just that (a component), the normal deposit types generally are copper bearing, with low copper anomalism in the south other gold deposit styles could be possible. I don't believe Elo is a monster yet. The next hole would want to be better.

Apparently further drilling depends on assay results, which seems logical given the average result from the first hole. Note that molybdenum was elevated in the hole but so were the soils to the west (where the hole drilled), so the hole to the east is (hole 2) is likely to have less molybdenum (see soils diagrams from original release May 2nd). If there is low copper in hole 2 then a copper-porphyry deposit may only be present somewhere at depth and the prospect is downgraded.

Andewa is the new blue sky for FNT.

Well said

Andewa is what too watch out for now, as I said before peter has seen the cores and had wished for better.But heh1 these results from Andewa aren't bad are they?



ANDEWA PROJECT (EL 1345)
o Assay results from limited new trenching at the Komsen Prospect included 21.6m of 4.41g/t
(containing 2m of 24.22g/t), 15.3m of 1.07g/t and 4.5m of 2.23g/t gold, with good continuity
noted in the vein/alteration system and visible gold documented in each trench.
o Structural mapping and sampling was undertaken to assess the gold system and determine the
predominant mineralised structure / vein orientations

 

[flyboy77]

Komsen - Frontier Resources - new release

Worth a good long read. Early indications look very positive..........drill results expected within a few weeks.....

 

[prawn_86]

The ann today was for some hand trenching results at Kosmen, Andewa.

My interpretation is that these are very encouraging and that hopefully drilling will confirm and improve on these results. Of 14 results listed in the table only 2 were under 1g/t and if you exclude the really massive hits the average is still probably around 2 - 3 g/t which is fairly healthy

Drill results in the next couple weeks should hopefully keep market interest there now.

 

[Ruprect]

yeah, it looks like interest has come back to FNT in a hurry. Trading up to 16.5c at the moment, with over 2.5million traded in the first 30mins. Might be getting ready for another run at the 20c?

Options arent moving though, might be a good opportunity there?

 

[Nyden]

The ann today was for some hand trenching results at Kosmen, Andewa.

My interpretation is that these are very encouraging and that hopefully drilling will confirm and improve on these results. Of 14 results listed in the table only 2 were under 1g/t and if you exclude the really massive hits the average is still probably around 2 - 3 g/t which is fairly healthy

Drill results in the next couple weeks should hopefully keep market interest there now.

For the first time in 2 months, my portfolio is in the green!
Am surprised those options still aren't getting much attention though - I don't hold.

 

[Nyden]

yeah, it looks like interest has come back to FNT in a hurry. Trading up to 16.5c at the moment, with over 2.5million traded in the first 30mins. Might be getting ready for another run at the 20c?

Options arent moving though, might be a good opportunity there?

I think people are still nervous about market volatility - those options are tempting, but - I'm still afraid of getting burned. Perhaps something others are feeling as well?

 

[prawn_86]

not too sure about overall market volatility concerns relating to FNT, but i know that a lot of ppl would be wary of the options as they expire in 2 months time.

this was my pick for this month in the tipping contest. hopefully it holds for 3 more days

 

[Ruprect]

True, i only hold the heads now, so its nice to see it back up a bit. Although 2 months is actually a fairly long time for a volatile spec stock, so while the options are risky, they arent too bad. Just my thoughts.

Good luck Prawn!

 

[Nyden]

not too sure about overall market volatility concerns relating to FNT, but i know that a lot of ppl would be wary of the options as they expire in 2 months time.

this was my pick for this month in the tipping contest. hopefully it holds for 3 more days

Yes, but gosh - I'm loving this volume.
For a day I expected to see a lot of red in my portfolio, I'm certainly seeing a lot of green! ZFX up too

 

[spottygoose]

You are spot on prawn. Naturally people are not going to rush options with expiry so close. I wonder if, judging by today's announcement, whether we can expect a few more shortly to put the options in the money...

 

[prawn_86]

You are spot on prawn. Naturally people are not going to rush options with expiry so close. I wonder if, judging by today's announcement, whether we can expect a few more shortly to put the options in the money...

i think that if you go back to Micks email responses with peter mcneil posted in this thread a few months ago, it seemed as though Peter hinted at the fact the they would be trying to get the options excercised, with a lot of announcements due as their expiry got closer (ie now).

drill results from andewa should be a good start towards this, and further results from Elo, and possibly another upgrade of Kodu (??) but that im not sure about. Shame about the first Elo hole otherwise this would probably be over 20c already today.

 

[Jay-684]

Good to see FNT up today!

2 months till expiry is still alot of time for the options to become in the money IMO. Ofcourse I would think that though as I hold some.

Still, I have 'some' exposure to the heads, so I'm happy today regardless!

 

[vert]

i agree with you ruprect, 2 mths is plenty of time especially for fnt with plenty of news to come and the sp so close to exercise price, so im in for some options.

 

[flyboy77]

Big buyer in Frontier Resources

Going back through the course of sales today, 1 buyer bought 750,000 odd at 16.5c ie $125k or close thereto.

Interesting.....

 

[quarky]

yeah, it looks like interest has come back to FNT in a hurry. Trading up to 16.5c at the moment, with over 2.5million traded in the first 30mins. Might be getting ready for another run at the 20c?

yes..it's up 0.04 (33%), so it looks on the way up, after months of stagnation (and that whole US subprime mortgage blah blah crassh)

maybe time to buy a little more to top up.

 

[prawn_86]

sold out of my remaining heads today at a 20% profit.

will look at re-entering on a pull-back within the next week before the drill results.

lets see if i can get a trade right otherwise its back to buy and hold strategy

 

[mick2006]

one thing to remember guys is that Peter McNeil likes to release information close together so it wouldn't surprise to get another announcement within the next week or so.

 

[Nyden]

one thing to remember guys is that Peter McNeil likes to release information close together so it wouldn't surprise to get another announcement within the next week or so.

Exactly, that's why I'm still holding - rather than selling.
I don't think anybody expected a 30% SP rise today, you never know what the next day could bring.