Whilst consistent results from Hole # 3 at Andewa may not give the current share price a 'big lift', I'm certain that good results from Likuruanga JV tenement Hole 1 with wide widths of copper open at depth may be the very catalyst FNT needs to turn the momentum around. I'm sure copper grades around .05% copper over 500m width would not go unnoticed by the market!
"Likuruanga JV - Esis Prospect has 27m of supergene mineralisation grading 0.71% copper (from 33m depth), plus 66m of primary grading 0.42% copper (from 86.6m to end of hole), with the last 7.6m of the hole grading 0.49% copper."
Add to that a more than likely repeat of the excellent high grade hits from the Stormont Tenement in Tassie, which are due anytime now!
"Drilling at Stormont Intersects 17.6m grading 10.80 g/t gold (from surface), 15m of 7.67 g/t gold (from 3m) & 6.5m grading 6.56 g/t gold (from 8.5m)"
Then we have the first Hole from Bulago JV tenement in PNG to follow around xmas time..... Imagine if Oki Tedi find grades around 20g/t over 100m's and the likelyhood of copper there as well! Can't imagine that will go unnoticed by the market either. Obviously we don't know for sure what is there at depth until the drill results start to come in, but going by the trenching results available so far it looks extremely promising to me.
"The Bulago JV trench intercepts included 27m of 66.8 g/t gold, 4m of 135.6 g/t gold, 9m of 64.0 g/t gold, 16m of 36.5 g/t gold, 18m of 40.3 g/t gold, 7.5m of 67.0 g/t gold and 9m of 24.0 g/t gold."
There is plenty of news to come in the coming months that has every likelyhood of being a positive catalyst to the current languishing share price!
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