Ann: Four Strong Off-Hole Conductors Identified - Tarraji-Yampi, page-14

Sorry for the double post, butterfingers today. I asked chatgpt for its thoughts on this news:

Dreadnought Resources has released visual estimates of significant sulphide intervals from their recent drilling campaign, highlighting promising prospects for mineral exploration. Below is a breakdown and analysis of the results:

Key Findings

1. Hole KMDD001:

   • 58.2 - 61 m: Significant interval with 80-100% semi-massive to massive sulphides, comprising primarily Pyrrhotite (Po), Chalcopyrite (Ccp), Sphalerite (Sp), and Pyrite (Py). This indicates a high concentration of valuable base metals.
   • 113.95 - 118.85 m and 157 - 177.55 m: Multiple veining/laminated sulphide intervals with varying sulphide percentages (1-10%), showing consistent mineralization.

2. Hole KMDD002:

   • 334.05 - 441.6 m: Multiple intervals with 1-10% sulphides, including Chalcopyrite, Pyrrhotite, and Galena (Gn). The presence of these minerals suggests potential for copper, lead, and other metals.
   • 471.2 - 493 m: A 21.8 m interval with disseminated sulphides, indicating a broad zone of mineralization.

3. Hole KMDD003:

   • 80.2 - 207.2 m: Several intervals with veining/laminated sulphides (1-10%). The intervals indicate a robust mineralized zone within the Orion Splay.

4. Hole KMDD004:

   • 13.6 - 109.58 m: Multiple intervals with sulphides and malachite-stained gossan, suggesting oxidized copper mineralization near the surface.
   • Off-hole conductor: Indicates a potential massive sulphide source, consistent with previous findings.

5. Hole KMDD005:

   • 132.25 - 138.42 m: Sulphide interval with 1-5% Po, Ccp, Sp, and Py, suggesting a mixed sulphide mineralization.
   • Off-hole conductor: New target down dip, indicating potential for further exploration.

6. Hole KMDD006:

   • 28 - 144.91 m: Multiple intervals with 1-5% sulphides, suggesting widespread mineralization in the OR1 area.
   • Off-hole conductor: Potential new target down dip of the intersected mineralized horizon.

Sulphide Types:

• Po (Pyrrhotite): Indicates potential nickel content.
• Py (Pyrite): Commonly associated with gold deposits.
• Ccp (Chalcopyrite): Main copper-bearing mineral.
• Sp (Sphalerite): Zinc-bearing mineral.
• Gn (Galena): Lead-bearing mineral.
• Apy (Arsenopyrite): Often associated with gold.

Geophysical Survey and Exploration Plans:

• DHEM (Down Hole Electromagnetic) Surveys: Used to identify conductive zones that might contain massive sulphides.
• Target Status: The presence of plates (conductor plates) and their hits suggest high-priority targets for further drilling and exploration.
• Off-hole Conductors: These are significant as they indicate potential mineralization that was not intersected directly by the drill hole but is nearby, warranting further exploration.

Conclusion

The results from Dreadnought Resources' drilling campaign at the Orion Lode and surrounding prospects are promising, with multiple significant sulphide intervals indicating the presence of valuable minerals such as copper, lead, zinc, and potentially gold. The combination of visual sulphide estimates and geophysical data supports the potential for significant mineral deposits, making these targets highly attractive for continued exploration and development. The ongoing assays and further geophysical surveys will be crucial in defining the extent and economic viability of these mineralized zones.

The information provided about the diamond drilling at Tarraji-Yampi and the results is generally positive and indicates promising prospects for further exploration. Here's an analysis:

Positive Aspects:

1. Completion of Drilling:

   • Six diamond holes totaling 1,524.8 meters have been completed, which shows a substantial effort in testing the Cu-Au VMS targets around the Orion deposit.

2. Mineral Intersections:

   • All holes intersected variably mineralized horizons, including pyrrhotite, pyrite, chalcopyrite, sphalerite, and galena. This diversity of minerals suggests the presence of potentially valuable deposits, especially copper, gold, zinc, and lead.

3. Geophysical Survey Results:

   • The preliminary DHEM surveys identified four off-hole conductors, including a significant 50,000S conductor spanning approximately 150m x 150m. This conductor is located about 100m down dip of a gossan intersected in one of the drill holes (KMDD004) and is interpreted as the structural offset of the Orion deposit. The identification of these conductors indicates potential zones of mineralization that were not directly intersected by the drilling but are nearby, warranting further exploration.

4. Future Targets:

   • The new Orion Offset target and off-hole conductors at OR1 and OR2 are identified as priority targets for follow-up drilling. This demonstrates a clear plan for future exploration based on the current findings.

5. EIS Co-Funded IP Surveys:

   • The partially completed EIS co-funded Induced Polarization (IP) surveys will recommence later in the year after reviewing orientation results. This indicates continued support and funding for further exploration activities.

Awaiting Assays:

• Assays Expected:
  • Assay results are expected in August 2024. The assays will provide definitive data on the mineral content and grades, which are crucial for determining the economic viability of the deposits.

Conclusion:

Overall, the results are promising and indicate potential for significant mineralization at the Tarraji-Yampi site. The identification of multiple mineralized horizons and off-hole conductors supports the case for further exploration. The upcoming assay results will be critical in confirming the potential and guiding future drilling efforts. This situation can be viewed positively, as it suggests promising exploration targets and a clear path forward for Dreadnought Resources.

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