Dreadnought released another announcement today regarding their Rare Earths Drilling. They're currently drilling the carbonatites which is the supposed source for REE in the whole area. To date they have found 7 of these and have drilled the first two, finding mineralisation up to 54m thick and containing more minerals than discovered in the REE ironstones discovery. Assays have been rushed for priority analysis.
This is the reason i bought in here. But the more i have researched VMC, the more i have liked about their other REE tenement and their gold assets.
Meanwhile, VMC have two tenements very close to DRE's border where their YIN and Carbonatite discoveries are.
See within the comments, there are circular structures reported. DRE's cabonatites are circular. Could it be?? Linear structure could be ironstone REEs undercover. I wonder if there are any gossans sticking out?
Meanwhile, the field trip was 4 weeks ago. C'mon VMC, did you collect any rock chips? Where are the mapping results? How many targets have you found out there? Also, are there any gold targets? It's a couple of kms from the Star of Mangaroon gold mine...
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- Ann: Mangaroon Rare Earth Project Multiple Priority Targets
Ann: Mangaroon Rare Earth Project Multiple Priority Targets, page-15
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