DRE 4.35% 2.2¢ dreadnought resources ltd

Ann: Carbonatite Discovery Shaping as Regional Rare Earth Source, page-56

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    DRE JAN 24





    C3 INFILL AREA HOLES WITH TREO TO EOH
    HOLE 29
    intersectgrade


    mtrs
    3-75main720.69
    6-37minor311.26

    residual410.26












    HOLE 30
    intersectgrade


    mtrs
    3-99main960.70
    4-37minor331.12

    residual630.48




    HOLE 32
    intersectgrade


    mtrs
    9-81main720.60
    22-34minor121.02

    residual600.52








    HOLE 33
    intersectgrade


    mtrs
    6-105main990.64
    13-57minor441.00

    residual550.35

    Near surface grades >1% are 'bulking' out the overall grades. There will be some variation but the deeper zones are likely to average <0.5% which may not be economic unless treated porphyry copper style bulk. I would not expect this to happen.

    The calculations above are pure math and need to take in actual grades below the 1% zones to determine if there is something showing up at depth as holes go into fresh rock.

    PXRF vs assays
    https://hotcopper.com.au/data/attachments/4994/4994481-8fe0a8416e116717d62f03bb695b47f6.jpg

    Schematic representation of assays.
    All 1%+TREO in upper parts of hole.
    Circles mostly for Pxrf values less than 0.2% but not all.
    Some assays came in above 0.2% suggesting the XRF reporting is not definitive at lower levels. To be expected perhaps.
    https://hotcopper.com.au/data/attachments/4994/4994507-7f18998b51799194982b4110a244e467.jpg

    PXRF comparison suggests good potential for Hole 10/ Diamond 1; also for the 6 zones outlined so far but not all results received.
    The depth extensions of C3 infill may not be high grade. Expect some zonation which could be positive.

    ================
    Phosphate/Ti, Scandium relative to REEs?

    https://hotcopper.com.au/data/attachments/4994/4994518-9dcc0abe2875253788be256576efa3c9.jpg

    Complex relationship with these and REEs. Some do not correlate others do.
    As with the REEs the P Ti and Sc appear to be mostly in the weathering profile with the possible exceptions of hole 41 and 48.
 
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