So Im not sure if anyone here is interested but DRE's McCarthy prospect pretty much borders Lyons. Maybe management could take a look at a few rocks aong the border and check for mineralisation. Just a thought.
GD
Dreadnought Announcement
McCarthy Workings: Unveiling High-Grade Potential
The cornerstone of the acquisition is the McCarthy Workings, a historical mining area located on the newly acquired mining lease M09/63. While historical production volumes remain undocumented, recent rock chip samples from mullock heaps have confirmed significant gold mineralisation:
•15.1 g/t Aufrom sample MCRK010
•3.4 g/t Aufrom sample MCRK007
These impressive results suggest considerable exploration upside at McCarthy Workings, which contains saddle reefs and stockworks within a tightly folded anticline in Edmund Group sediments.
Why This Location Matters
The tenements occupy a geologically significant position between the crustal-scale Lyons River and Edmund Faults, with the Minnie Creek Fault terminating within the area. This favourable structural setting substantially enhances the gold prospectivity of the region.
Previous exploration efforts at McCarthy Workings were limited and methodologically flawed. Despite the vertical orientation of the mineralised veins, historical drill holes were drilled vertically—an ineffective approach for testing this style of mineralisation.
Furthermore, the few angled holes that were drilled didn't penetrate deep enough to test beneath the old workings, leaving the true potential unexplored.
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