LNR - Lanthanein Resources

[ubid]

The game's not over Ubid. It's still a spec. If Bulago comes up as dirt, it'll collapse. Looks like there might be something there, and could be a game changer.

Didn't they start an 'exploration' project in June last year? Still haven't drilled a hole. Must be very prospective...

Of course it's still a spec Kennas, Andewa is the one that looks like it could be a world class deposit similar to the 45 Ounce Lihir Island Deposit..... Check yesterday's announcment.If Bulago comes up as dirst it will impact the price but not too much as this is JV with Ok Tedi, whereas Andewa is 100% FNT owned. In saying that, I dont think Ok Tedi would be willing to have 2 Drillrigs start there in Late April if they thought there wasn't anything worthwhile after the IP came back very good.
This company could potentially hold numerous World Class gold\copper deposites, with every announcement we seem to be getting a step closer to this dream.

 

[Sean K]

Of course it's still a spec Kennas, Andewa is the one that looks like it could be a world class deposit similar to the 45 Ounce Lihir Island Deposit.....

This company could potentially hold numerous World Class gold\copper deposites, with every announcement we seem to be getting a step closer to this dream.

Ubid, it does have some prospective land.

Lots of great aeromagnetic anomalies and soil samples.

Lets hope they do find more than 45 ounces of gold though!

At the moment, this could do anything.

Maybe you are a better geologist than I, and can read more in to the recent announcements.

Saying they could hold '45' ounces isn't really much to go on.

I must say, I do really like the prospectively of this. They've failed in the past, but they are still out there, soil sampling. Once they start actually committing to a diamond drill I'll be more excited.

But by then, maybe they're off the planet.

 

[birdmanz]

Ubid, it does have some prospective land.

Lots of great aeromagnetic anomalies and soil samples.

Lets hope they do find more than 45 ounces of gold though!

At the moment, this could do anything.

Maybe you are a better geologist than I, and can read more in to the recent announcements.

Saying they could hold '45' ounces isn't really much to go on.

I must say, I do really like the prospectively of this. They've failed in the past, but they are still out there, soil sampling. Once they start actually committing to a diamond drill I'll be more excited.

But by then, maybe they're off the planet.

Kennas, I don't believe they failed in the past at all, just unlucky to get caught in Politics.....they were very successful in firming up a substantial resource at Kodu, know their stuff and could very well be onto something much larger than Kodu at Andewa...Tassie could be a bit of a dark horse too IMHO

 

[Sean K]

Results from Andewa overdue from end of September. How often do we see that!

Could be anything really.

The cores that were viewed didn't look too spectacular but certainly have the right type of rock from the outside. Would have liked to have seen more visible copper and gold.

I think size will be the key here. The previous drilling next door showed all the right mineralisation but just average over small width. Looked to be similar sort of IP.

Could just be one hole that turns this into a company maker.

Hope they've aimed the drills in the right direction for this campaign..

 

[Sean K]

Hole 1 reported today and the hot cockers didn't like it obviously. Speculators probably expected much more.

Not a bad start for a porphyry target really. They have certainly got some copper and gold in this deposit but the key will be volume.

Comparing porphyrys in the region anything between .05 and .1 g/tn au and similar % cu is going to be mineable. Just needs to be 500m - 1b tn.

Can't cut and paste the report but the best numbers in my mind were 190m @ 0.55% au and 0.24% cu.

 

[jjsbuy]

The 3D anomolies were enormous for Andewa, theoretically it can fit the Lihir deposit inside it a bunch of times. Surprised a the strong sell off on a assay result that was short, not necessarily in the best place yet contained gold and copper albeit modest levels. I would think that this alone would raise the spectre that this could be an massive mine if exploited. I think it may be moving past spec stage to actually having potential. Holes 2-5 should be start to be received in next two weeks. If they show gold, even a couple g/ton there may be a real run on FNT.

 

[Sean K]

The 3D anomolies were enormous for Andewa, theoretically it can fit the Lihir deposit inside it a bunch of times. Surprised a the strong sell off on a assay result that was short, not necessarily in the best place yet contained gold and copper albeit modest levels. I would think that this alone would raise the spectre that this could be an massive mine if exploited. I think it may be moving past spec stage to actually having potential. Holes 2-5 should be start to be received in next two weeks. If they show gold, even a couple g/ton there may be a real run on FNT.

Yes, agree, past spec stage to some degree.

This old volcano has some significant mineralisation. Just depends on the concentration and depth I suppose. Just about all of the most significant deposits of the world took years and years to define. Others include Oyo Tolgoi, Escondida, Grasberg....

The first few holes of those probably ended in nada.

To me, this actually looks likes a very attractive IP 3D model. They have gone to some great extent to provide all the facts.

Having said that, I've seen many a IP Model and initial drill hole result in nada.

Investors proceed with the regular caution.

 

[Wysiwyg]

Brief read of the upbeat (major, large, diverse, world class, company maker, excellent, extensive etc. ) annual report and then to see a dump on drilling reports is unusual. Anyone who bought above the previous low of 15c would be sitting on substantial paper losses hoping the price will bounce like it did back in March.

 

[Sean K]

Brief read of the upbeat (major, large, diverse, world class, company maker, excellent, extensive etc. ) annual report and then to see a dump on drilling reports is unusual. Anyone who bought above the previous low of 15c would be sitting on substantial paper losses hoping the price will bounce like it did back in March.

Wysi, I think there has been too great a expectations. Expectations based on what? Hot Cocker? A sound judgement I hope. IMHO, these results look to confirm that there may be a very large porphyry deposit under this old volcano. Relatively close to shore, still could be anything. Nothing proved as yet but highly prospective and still spec! It's one of those deposits that could make or break you.

(holding nothing)

 

[jjsbuy]

Wysi, I think there has been too great a expectations. Expectations based on what? Hot Cocker? A sound judgement I hope. IMHO, these results look to confirm that there may be a very large porphyry deposit under this old volcano. Relatively close to shore, still could be anything. Nothing proved as yet but highly prospective and still spec! It's one of those deposits that could make or break you.

(holding nothing)

Kennas I think the expectation was a result of the thousands of soil samples that indicated gold and copper all around the Andewa site. When combined with references in company reports comparing this site to the same soil samples and geography of Lahir, this really set expectations high. I have to say that with the first hole confirming gold and copper even in low but minable levels I think that FNT management is starting to prove it is more than spec. Next four holes will be very important.

 

[Sean K]

Traders really want this support level to hold and firm as a base. Need some higher highs and lows or it's just looking very technically week. Very good that it seems to have stalled here and sign of a potential uptick on the moving average.

 

[jjsbuy]

Does that mean that today there was some solid buying to push the price up and completely change the buy -sell ratios around? Things may be about to swing upward in anticipation of future good assay results due out any time.

 

[Sean K]

Does that mean that today there was some solid buying to push the price up and completely change the buy -sell ratios around? Things may be about to swing upward in anticipation of future good assay results due out any time.

Well, it looks like over the past 20 days the volume has gone up while the price has gone down which is not good. The tick up is probably just attributed to the last 2 days which is not a trend. I think it's just coming back from being oversold really.

If you're short term trading this then short term price action is important, but if you've judged this to be a massive deposit in the future, it matters not. In fact, if it is going to be a huge deposit you want the price to go lower so you can buy more cheaply. If you're wrong though, you could be left without a chair.

 

[Boggo]

tech/a will correct me (and my basic VSA) if I am wrong but I think there was a major clue in the closing bar on the 1st Sept that something was about to take this stock south for a while.

 

[Sean K]

tech/a will correct me (and my basic VSA) if I am wrong but I think there was a major clue in the closing bar on the 1st Sept that something was about to take this stock south for a while.

The XAO went down 250 points in 3 days about then that may have contributed.

Interestingly they did have a significant ann out on 01 Sep also.

1st September 2011

‘World Class’ Porphyry Copper - Gold - Molybdenum Deposit Potential Demonstrated at the Andewa Project in 2 Drill Holes Collared 2,700 Linear Meters Apart

Frontier Resources is pleased to announce that megascopic examination of diamond core drill holes ADH 001 and ADH 002 by Chairman & Managing Director Peter McNeil has confirmed they contain surficial leached zones, then copper and molybdenum sulphide minerals (+/- pyrite) to the end of hole at 398.8m and 389.6m, respectively.

Go figure

 

[jjsbuy]

There was definately some movement south after the announcement that was expected to drive the sp up. It may have had a lot to do wit the fact that some firm called "Nominees" something or other off loaded all 5 million of their shares which caused a bit of stampede as share holders followed the lead thnking there was something someone knew that they didn't.

 

[Sean K]

Hole 2 results out and confirm a very large porphyry deposit some 2.7km in length and or width.

Low grade and large tonnage defined by these types of deposits.

Could be looking at something like the porphyry bit of Intrepid's Tujuh Bukit project in Indonesia. Similar dimensions but a little deeper perhaps.

Tujuh Bukit

990 Million Tonnes at 0.40% Copper, 0.45g/t Gold

Contains 8.8 Billion pounds of copper and 14 million ounces of gold
(at 0.2% copper or 0.2 g/t gold cut-off)

Additional geological potential of 800 - 850 Million Tonnes
(at 0.3 – 0.4% copper and 0.4 – 0.5g/t gold)

Porphyry resource area now extends over an area of 2,400 x 1,400 metres

FNT ann on Andewa:

28th October 2011

Drill Hole ADH 002 Cuts 114m* of 0.74 g/t Gold + 0.20% Copper at the Andewa Project including 19m grading 1.86 g/t Gold + 0.39% Copper

Frontier Resources Ltd is very pleased to announce that assays from diamond drill hole ADH 002 have continued to demonstrate the excellent gold - copper mineralisation potential of the Andewa Project in Papua New Guinea.

Frontier's second drill hole at Andewa returned 114m* grading 0.74 g/t gold + 0.20% copper, including 19m grading 1.86 g/t gold + 0.39% copper. The entire interval from surface to 372m is mineralised and grades 0.36 g/t gold + 0.10% copper.

The Company's first hole was announced 11/10 and it intersected 93.2m grading 0.78 g/t gold + 0.30% copper, including 48.5m grading 1.02 g/t gold + 0.38% copper. The entire interval in ADH001 from surface and includes 190.1m grading 0.55 g/t gold + 0.24% copper.

Hole ADH002 is located 2.7 kilometres to the northeast of ADH001, but it is still within the same very large gold geochemical and 3D-IP geophysical anomalies, suggesting very large ultimate tonnage potential.

The assay results from the drill holes and trenches, plus the textures, lithologies and mineralisation observed to date indicate that the Company is drilling into the upper sections of a major porphyry gold - copper system that is very well located for future development, being unpopulated and only 14km from the coast by our bulldozer track.

Peter McNeil, Managing Director, M.Sc.

Need similar if not better grades over same depth between these two holes to confirm continuity. Need better cu grades also really. Up over 0.5% on average at least. If they hit a rich section anywhere between them then could spell extremely good news for them.

 

[Sean K]

Next hole would be disappointing to FNT holders I think. I reckon I could get a better drill result from the pot plants on my balcony.

You have to shake your head some time when a company says 'pleased to announce' at this sort of assay result. 0.08% cu is waste.

At least there's continuity of some mineralisation. If they don't get some significant intersections in the next couple of holes ....

21st November 2011

Drill Hole ADH 002 Cuts 409.1m grading 0.30g/t Gold + 0.08% Copper
Frontier Resources Ltd is pleased to announce that assays from diamond drill hole ADH 002 have continued to demonstrate the excellent gold - copper mineralisation size potential of the Andewa Project in Papua New Guinea.

Although the results are not as high a tenor as in previous holes, the Andewa system is very large and the Company remains convinced that additional drilling that is now in progress will intersect substantial gold and copper mineralisation.

Peak assays were 1m of 9.4 g/t gold with 0.26% copper, 0.44 % copper + 0.19 g/t gold and 1m of 106 ppm molybdenum.

 

[jjsbuy]

I agree it wasn't a great result. But very early days and a large area of mineralization to be drilled. I don't think after results of hole 2 many punters were expecting much different out of hole 3. For that matter I don't expect much out of hole 4 and 5 as holes 2 to 5 are all in same area.

 

[Sean K]

I agree it wasn't a great result. But very early days and a large area of mineralization to be drilled. I don't think after results of hole 2 many punters were expecting much different out of hole 3. For that matter I don't expect much out of hole 4 and 5 as holes 2 to 5 are all in same area.

I think we would have wanted better results than the first 2 jjsbuy (funny name that). If the last coupla holes are in the same spot as No 3 then yes, low expectations. That is a much better way to be going into these holes imo. The lower the expectation the better for those wanting to still jump in a spec that may turn into a producer. Lets hope that the company isn't 'pleased to announce' more crap though. Really...

As most would know here I'm extremely bearish on the world at the moment so my general opinion of anything is weighted to the downside.

Stock up on agricultural land.