DRE

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1.8¢ dreadnought resources ltd

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Taxed

4,676 Posts.

875

11/08/21

16:29

Post #: 55209437
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Originally posted by Mining8: ↑

And to repeat:

KMRC017 intersected13mof massive to semimassive sulphides dominated by pyrite-pyrrhotite and carrying~5-20% chalcopyrite from 44m downhole.Downhole EM (“DHEM”) and modelling of the FLEM data is ongoing and will assist with designing follow-up drill holes.

Samples have been dispatched to the lab forrush analysis with assay results expected in August 2021.That's a great copper intercept near surface!; and first hole!

Chalcopyrite contains 34.5% copper so let's take a mid %(between 5-20% of chalcopyrite in the intercept of 12.5%. Therefore copper percentage would be 12.5 X 34.5%= 4.31%

So looking at 13m @ 4.31% copper, could be a bit more or a bit less. So they are rushing analysis with assay results expected this month....could drop at anytime now; maybe with a trading halt!

No wonder Dean and the team are excited!

P.S.

Taxed(poster) stated that the company is expecting an announcement tomorrow! ....I mean if the geology translates to the assays.....WOW! This may explain the price action today with some huge line wipes!

AIMO

BTW: If you want some rapid share price appreciation this is the right company to be invested in; an explorer! The exploratory phase is when discoveries are made, and DRE are giving this a great opportunity to happen by drilling some of the most highly prospective tenements in Australia all at once!

They have the right highly valued exploratory metals( including copper, nickel, rare earths, lithium/tantalum, PGE's and gold), many of them expected to be in shortage because of the high demand in the upcoming electric vehicle/energy storage revolution!

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this is a brilliant post mate thank you

DRE Price at posting: 4.2¢ Sentiment: Buy Disclosure: Held
8 Upvote

0 Great analysis

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Last 1.8¢		Change 0.000(0.00%)		Mkt cap ! $67.54M

Open	High	Low	Value	Volume
1.8¢	1.8¢	1.8¢	$42.87K	2.381M

Buyers (Bids)

No.	Vol.	Price($)
12	4251339	1.7¢

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Price($)	Vol.	No.
1.8¢	1104898	3

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No.	Vol.	Price($)
10	3098206	0.017
36	6929638	0.016
35	8447299	0.015
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Price($)	Vol.	No.
0.018	1104898	3
0.019	1696472	7
0.020	4373231	14
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0.022	902500	3

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(a bit of a) Summary, page-282

Sunshine Metals kicks off copper gold drilling at Truncheon; Highway East targets

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(a bit of a) Summary, page-282

Top Stories

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ASX Market Open: ASX200 to open flattish after Wall Street weakens on hot US inflation data | October 11, 2024

Cauldron Energy reports "excellent" uranium assays in latest drill run

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The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

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Issues emerging as Australian companies tackle critical minerals challenge

Featured News

Buyers (Bids)

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