DRE 8.33% 2.2¢ dreadnought resources ltd

Ann: Quarterly Activities Report - December 2023, page-21

  1. 5,705 Posts.
    lightbulb Created with Sketch. 8030
    They did find something more than encouraging, but from the prior drilling, not the latest one where they barely tested any of the targets due to mother nature, plus rig breakdowns.

    The best out of the more than encouraging results was the Orion discovery hole:

    - 16m @ 2.2% Cu, 6.6g/t Au, 0.4% Co, 38.7gt Ag

    = 16m @ 9.0% CuEq

    = 16m @ 12.1g/t AuEq


    As Dean has mentioned in a number of interviews/pressos/announcements, they only got to 4 of the 13 targets that they wanted to test.

    Even if you scroll up to the start of this thread and click on the announcement, the half page on the Kimberley that's in it shows the following:

    DRE - Kimberley - 25-03-24.jpg


    - planned to drill 13 targets, but only drilled 13 holes
    - 2 x diamond holes into Orion which extended mineralisation by 100m down dip
    - 7 x RC holes hit the edge of anomalies
    - 2 x RC holes into Ironclad intersected quartz-sulphide veining
    - 2 x RC holes abandoned


    See what we get but going off the above, we can hope for a good result from the 2 holes into Orion, and maybe something from the 2 Ironclad holes (narrow, high-grade?) - but I wouldn't hold my breath as Dean hasn't given any indication this whole time that there will be anything great from that failed/interrupted campaign.

    But he does look determined to make up for it this year, not just at the Kimberley with a full campaign, but obviously going for Gold at all projects, after the NdPr price screwed us all a bit (for now (metals are cyclical)) with the decline in its price.


    Anyway, it's almost end of March/start of April, and what we're waiting for to start; Gold discovery drilling should be kicking off shortly at Central Yilgarn, and then onto drilling the Mangaroon Gold, and then onto drilling the Kimberley's "unfinished business".


    Next up (next week?) - Central Yilgarn Gold:

    DRE - CY Gold 1.jpg






    DRE - CY Gold 2.jpg







    DRE - CY Gold 3.jpg








    Then Mangaroon Gold:

    DRE - Mangaroon Gold 1.jpg







    DRE - Mangaroon Gold 2.jpg









    Then the Kimberley:

    DRE - Kimberley.jpg







    See if any of the upcoming drilling campaigns are "life changers" as they're aiming for them to be/see potential for them to be, as the REEs would've easily been if the metal price didn't crap itself (surely no chance of gold price pooping itself like the REE price, as it's not controlled by the Chinese like the REEs are?):


    DRE - Life Changers.jpg







    And then we might get some news from the Mangaroon Ni-Cu-PGE (new partner/deal?), and some form of deal on/for Bresnahan:


    Mangaroon Ni-Cu-PGE & Bresnahan.jpg







    And the upcoming plan:

    DRE - Upcoming Plan 2024.jpg





    Cheers,

    GB.
 
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