DRE 3.23% 1.5¢ dreadnought resources ltd

So: Orion: - mineralisation starts at 1m depth - copper, gold,...

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  1. 5,764 Posts.
    lightbulb Created with Sketch. 8316
    So:

    Orion:
    - mineralisation starts at 1m depth
    - copper, gold, cobalt & silver (and some zinc too)
    -- confirmed to 150m down dip
    -- and along strike for 240m
    -- remains open at depth & along strike

    Geophysical modelling indicates the mineralised body could extend to at least 500m depth.

    And that's not even 1 prospect, it's part of 1 prospect (Orion) - this is from one 400m x 300m EM plate - the Orion target extends for 4km x 0.5km.



    As they said in today's announcement:

    It's "a developing mineral province".

    -unexplored since 1958 & off limits for decades due to Govt. reserve.

    -mineralisation sticking out of the ground, all over the place

    -this "mineral province" likely to be a company-maker per latest presso (one of multiple company-makers)



    If you're asking yourself why the selling on really good news - simple answer is; there is a seller - a seller that's been selling down now for 2 weeks (through Morgan). Hopefully today's volume of 27M so far has cleaned them out and they're fully out - if not, then surely not much left to go?

    Once they're out, it should resume it's upward trend, especially with everything that's coming up (and that's been announced already during their selling but hasn't been rewarded due to their selling).

    And once they're out, they'll join the list of other sellers that have sold out of DRE, while it's risen from 0.3c to the current share price, since Dean & Co took over/started DRE.

    Also good to see someone else (Hartleys) picking up half of the seller's shares.


    Cheers,

    GB.




    DRE - BD - 08-12-21.jpg
 
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