DRE dreadnought resources ltd

Ann: Exceptional Niobium Intercepts at the Stinger Discovery, page-52

  1. 1,232 Posts.
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    I'm not a holder, did have a bid in this morning at1.7c but pulled it after doing some more reading and getting some thoughts from a well known and respected geo contributor on the ENR pages, @salpetie, hear are his initial feelings(there's more info on the ENR page but do you own reviews)
    Off the cuff summary
    Reasonable size and continuity for Stinger.
    Initial surface projected area for Stinger ~~~550,000 sqm at say 40m vertical 1%+-grade and 1.7 SG ~~40 mt.
    Bulk grades between 0.7 to low 1% Nb2O5.
    Local minor zones to 2% (4m @2% maximum I noted)
    Top of zone 50m
    Best grades closer to 100m or 70-90m vertical
    Hole 201 ended in "mineralisation".
    Confirmation of possible Nbx enriched dyke.
    Early days.
    Thoughts
    Stinger alone is not equivalent to Luni in grade or size but in a better location so swings and round abouts for relative economics if the bulk volume grade numbers hold up.
    Back of envelope calculations Stinger c40Mt at 1% Nbx, Multiple zones for ENR at mostly 2% plus ~15Mt. Treat this line with caution and DYOR.
 
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