DRE 0.00% 1.7¢ dreadnought resources ltd

Ann: Yin Resource to Grow, Carbonatite Drilling Commenced, page-12

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  1. 2ic
    5,923 Posts.
    lightbulb Created with Sketch. 4975
    Like all explorers, DRE leads drilling releases with the best X-sections for obvious reasons. Wide spaced sections on pinch and swell lodes mean that a poor section may very well sit next to a major strike length of thickening, and vica verca. Early days then, no HandXRF numbers to consider, but the best sections so far are a very long way from Yin and that 50-100Mt target I'm doubtful on.

    What we can glean from logging is that Fenite is probably sub-economic halo-mineralisation, ironstone and carbonatite is the money. Gifford Ck deposits require decent thickness and continuity along strike and depth to carry an acceptable strip ratio and be economic. Something is better than nothing, but only something is worth the same as nothing in the long run. Surprised the market is chasing these results...

    https://hotcopper.com.au/data/attachments/5159/5159495-e74787fc71e058bf01d82652306c89c2.jpg

    https://hotcopper.com.au/data/attachments/5159/5159481-599e3645d4b0a689dc89019ac670943c.jpg
    Section A-A' shows continuity 50m downhole on main lode

    https://hotcopper.com.au/data/attachments/5159/5159496-57882e34f85b038dfb97e7d9dd4eb50d.jpg

    Sextion B-B' shows very poor continuity 50m downhole on main lode, only minor irostone DH142
    https://hotcopper.com.au/data/attachments/5159/5159628-a340fee8df82ef33f1fbbf485e19d427.jpg
    Sextion D-D' shows very poor continuity 50m downhole on main lode, only skinny Fenite
    https://hotcopper.com.au/data/attachments/5159/5159512-e70707505829022781cd3d2de5542dbd.jpg
    Sextion C-C' not shown, but we can know it's holes 163 & 164, which only returned skinny Fenite alt'n... no wonder not shown.
    https://hotcopper.com.au/data/attachments/5159/5159564-ece807ddc45d61a29d586af5520f5a55.jpg
    https://hotcopper.com.au/data/attachments/5159/5159582-dbe0c3e441b7f590cf1e16fe8557e7bc.jpg

 
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