DRE 11.1% 1.6¢ dreadnought resources ltd

C 1-517/10/2022FENCE 1/2PENDING B23/01/202398C 1-523/11/20221...

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    C 1-517/10/2022FENCE 1/2PENDINGB23/01/202398
    1C 1-523/11/20221 #27-4924/01/202362prioritised

    2C 1-523/11/20221PENDINGC23/01/202361
    3C 1-513/12/2022DDHPENDINGLONG23/01/202341
    4C313/12/20221 INFILLPENDINGE23/01/202341

    https://hotcopper.com.au/data/attachments/4993/4993665-a35d01f2e72a13c8998f88f4f29b580b.jpg
    Holes 27-49 in batch reported today.
    Magenta >0.2% PXRF
    Yellow diamonds below 0.2% Xrf

    Some 'off the cuff remarks' which need more work/research

    • These results explain why C3 infill was expedited.
    • Also the prioritisation of this batch of samples
    • Grades are on the low side so geometry and scale will play a part if this is to become economic. I suspect Mt Weld has 'low grade', near surface zones that far exceed these but are too low grade for them to consider at the moment. The single Mt Weld deep drill hole suggests huge 1-3% TREO potential to at least 500+m vertical. For context only with a true tier 1 deposit. Does not mean C3 will not be a valid deposit for mining as many factors are involved.
    • No obvious surface enrichment.as seen at Mt Weld. [ Washed away by the Lyons River over millenia if ever present?]
    • Need to look at distribution of grades in more detail. Good start.
    • https://hotcopper.com.au/data/attachments/4993/4993705-7ede8961ced5c8b874f3ef284a40b0f8.jpg
 
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