DRE 4.35% 2.2¢ dreadnought resources ltd

Ann: Mineralised Carbonatites Discovered at C3 and C4 - Mangaroon, page-179

  1. 3,034 Posts.
    lightbulb Created with Sketch. 8121
    NOV 5 SENTINEL PASS

    Two definite drill sites. 3 days so would expect more holes if drilled at same rate as the rest of the vertical program on C2-5 since the first fences.

    Could be deeper holes or multiple holes (unplanned) from the same site or a multitude of other possible explanations.
    Most likely is I have missed some.

    https://hotcopper.com.au/data/attachments/4812/4812697-053d1681f5a7e8db659a7a233bd1462e.jpg

    At a nominal 160m spacing site 56 could be just one hole of a fence of three holes with two more remaining to be drilled (or spotted).

    Going back to the original revised plan and trying to reconcile sentinel with it.

    https://hotcopper.com.au/data/attachments/4812/4812702-8772f058e640a696c097079b13629802.jpg
    If 56 is in fact as shown then the SE holes may have been drilled and only 3 or 2 remain.

    I do suspect first pass drilling on C2 is close to finished. There is no evidence of the rig moving to C1 or the infill area on C3 -Obvious yet.

    Yin diamond drilling?? Basically nothing definite about where the Mett and twin holes on existing RC sites. The proposed tier of deeper diamond holes (8 holes ~2200m) have not had sites prepared yet in the core area.

    https://hotcopper.com.au/data/attachments/4812/4812747-0393e6de8f9ad77872103ee6433192cc.jpg
    19 holes for 1800m begun in early August. Now some 90 days later would imply 20m per day if just finishing up. IMO unlikely unless some major problem with the rig or one of the multiple issues mentioned above that make drilling to a schedule tough to follow at times.

    https://hotcopper.com.au/data/attachments/4812/4812780-7bad6c3d179184928e5c9e4fb7ada14e.jpg


    I do remember the logistical issues attached to getting in machinery big enough to extract a 15-20 tonne drill rig out of a bog. Find a dozer big enough, transport it 100+ Kms with the clock ticking on daily costs for the rig as well. May not be as difficult to get earth moving gear at Mangaroon with the local pastoralist(s) probably having something available. Don't get the rig bogged though or something larger may be needed.

    Ah drilling and the joys and head scratching that come from it. Takes time and patience as does investing in companies that use this very necessary part of mineral exploration. Hopefully more joy than head scratching....
    Last edited by salpetie: 06/11/22
 
watchlist Created with Sketch. Add DRE (ASX) to my watchlist
(20min delay)
Last
2.2¢
Change
-0.001(4.35%)
Mkt cap ! $77.28M
Open High Low Value Volume
2.3¢ 2.3¢ 2.2¢ $16.77K 741.8K

Buyers (Bids)

No. Vol. Price($)
15 3166924 2.2¢
 

Sellers (Offers)

Price($) Vol. No.
2.3¢ 867555 6
View Market Depth
Last trade - 12.06pm 12/07/2024 (20 minute delay) ?
DRE (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.