I think sometimes that DRE are doing so much work that some investors cannot see the wood from the trees.
However, if you home in there is some real gems being revealed by the drill bit!
Metzkes got me interested.
The last 4 results have revealed a high grade orebody open at depth and along strike.
MZRC015: 2m @ 12.8g/t Au from 51m including 1m @ 24.8 g/t Au from 51m
MZRC016: 8m @ 8.1 g/t Au from 84m including 3m @ 21.0 g.t Au from 85m
MZRC017: 13m @ 4.2 g/t Au from 48m including 7m @ 7.5 g/t Au from 51m
MZRC018: 5m @ 2.4 g/t Au from 71m including 1m @ 11.3 g/t Au from 71m
These are excellent results with 2 more to come in this drilling program:MZRC013 ?
and
MZRCO14?
which are testing width and depth.
These results are
I. M. M. I. N. E. N. T.!- as in July, and if we have more high grade I can see the SP approaching 2's if not more. And, if not the results are still very encouraging already, and then there was this announcement yesterday that stated:
'Three new gold targets have been defined along strike and adjacent to Metzke’s Find.'-,PRESS HERE ,with historical data and descriptions also pointing to the possibility of signficant gold deposits in the area, I quote,
'The loaming indications,
however, point to a much more valuable ore body being
located elsewhere in the hill and this can only be proved by
sinking and crosscutting.'
The VMS Targets(4 holes) due July; I. M. M. I. N. E. N. T.!The VMS targets(4 holes) will also be interesting.
These are targeting sulphides. Now sulphides come with metals, all sorts, but when it is gold related it can be very exciting with the percentage of sulphidation related to the amount of gold. Now there is no guarantee that the sulphidation will be gold associated, but there are indicators that can point to gold, and we know that DRE is in a geological area surrounded by mega gold deposits! Again nearology is no guarantee, but I am sure this experienced team with their track record know what they are doing with their DHEM, and if they find a sulphidated gold deposit;
look out!As an example, BGL which went from 3c to a $1.20 by using the modern method of DHEM, which is a down hole method to detect sulphides, and was responsible for discovering new orebodies. DRE will be using this method as stated in announcements.
Now interestingly the main sulphide associated with the deposit at Bellevue is pyrrhotite:
I quote, re: Bellevue's deposit:
' Within the shear zones, gently southerly plunging high-grade ore shoots are associated with massive to semi-massive pyrrhotite and folded and bound in aged quartz veins, with a predominant biotite amphibole alteration assemblage.
The high pyrrhotite content of the ore system means down-hole electro-magnetic (DHEM) is an effective exploration tool at the project for the direct targeting of gold mineralisation, with the method routinely used to vector drilling. This utilisation of this vectoring tool has most recently led to the discovery of the Deacon lode.' PRESS HERE
Now note below what DRE have found with some segments of core showing >80% sulphides, being predominantly pyrite,
pyrrhotite, and 1% chalcopyrite.
(***Also note pyrite and chalcopyrite can be associated with gold.)I stress again there are no guarantees, but if these sulphides are associated with gold then where in business in the Illaara!
See below:
PRESS HEREP.S.
It cannot be overstated that DRE have the luxury of a fantastic low market cap with relatively few shares on issue, no doubt being helped by management putting their own hard earned into the exploration piggy bank. This means that DRE has the great potential should it establish a significant gold deposit(s) to more easily increase in multiples or bag significantly from here!
Good Luck to All DRE Holders!
AIMO
(20min delay)