i dont think DRE will be drilling money until next year, if we...

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Fridayme

1,901 Posts.

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10/06/22

20:16

Post #: 61950177
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Originally posted by salpetie: ↑

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:

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 ,....:

. 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.

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

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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.

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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i dont think DRE will be drilling money until next year, if we do. This is mainly because FQ will need time to review the finding and evaluate if continuing with phase 3 and investing a further 12 million is worth their time and effort.

I could be wrong, but generally decisions like that take some time for large organisations to make.

Last edited by Fridayme: 10/06/22

DRE Price at posting: 3.7¢ Sentiment: None Disclosure: Held
9 Upvote

0 Great analysis

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