DRE 3.23% 1.5¢ dreadnought resources ltd

Ann: Drilling Successfully Completed at Mangaroon Ni-Cu-PGE JV, page-24

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  1. 3,191 Posts.
    lightbulb Created with Sketch. 8905

    https://hotcopper.com.au/data/attachments/4421/4421493-5e5c4686837c6b091abb432582fc46b6.jpg


    3 extra holes on the same section as N02 plus a 4th (N07) 200m to the north.

    Details in this PDF

    MONEY DRILLING PHASE 1 .pdf

    Section through the N02 area:
    https://hotcopper.com.au/data/attachments/4421/4421503-a92d08553b7c2dff0b6f6dfdb14edbde.jpg
    Depending on how the mineralisation dips the base of the funnel is likely quite deep. With the angles above, maybe 4-500m vertical to reach the junction point, if it exists.

    The prize if ,....:

    https://hotcopper.com.au/data/attachments/4421/4421545-d490fd69030998886b04cf5d90852802.jpg

    . Sirius hit 30+m intersections of massive high grade a decade ago. I believe this image is from mining there.
    I have seen similar stopes in other mines and photos and sections - Not common but worth trying to find.

    The video presents a case for a different genetic model for Ni deposits.

    ================================
    Persistent cloud cover plus a tech issues means there hasn't been any Sentinel satellite coverage of the Mangaroon area for several weeks.

    https://hotcopper.com.au/data/attachments/4421/4421563-1bdaae8b8b88c8b89eb75602b7aa9c53.jpg

    =============================

    In addition to @Fridayme's comments on drill rigs I would add that it is expensive to mobilise/demob a drill rig for a short program.

    Using the rig to drill REE and Carbonatite projects while they assess/digest Phase 1 Money drilling gives DRE some flexibility that may not have been available with a separate rig that would necessitate down time costs if not drilling - effectively wasted money. Send the rig away and bring it back? Logistics and best bang for your buck with a company you know and trust. Many options with a single rig being one.

    https://hotcopper.com.au/data/attachments/4421/4421576-feb6853df69539a1ffa2402a28b4d266.jpg
    I take this to mean they will do some more drilling at Money this month.
    Although it could simply mean DHEM will be wrapped up in June.
    A hole into the EM conductor (site E area) and/or Lumpy's gossan are targets that wouldn't need assay results to progress.


 
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