DRE 28.6% 2.7¢ dreadnought resources ltd

Ann: Trading Halt, page-82

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    A rough indication of the time since drilling finished at various projects. This will give a hint of what results may be forthcoming in the announcement causing the trading halt.

    The parking lot full of Illaara samples represents at least 4 months since drilling was completed. Results are flagged as being imminent though that has limited meaning in the time of Covid. Still some or all may be forthcoming.

    Money intrusive first batch, at least, are coming up to the 3 month mark.

    Yin "second batch", up to say hole 66, may be close to processed IF (and a big IF) they were given preferential treatment relative to other samples.

    ===================================

    Would not be surprising to have good results from some projects.

    Enough to warrant a TH? There is a TH so any bets?

    Money intrusive, Peggy Sue would be my top picks.

    While I don't expect spectacular results from Money I would consider 1% Ni+Cu and 1 g/t PGE to be highly encouraging over 2-15m intersections. More would better but the combination of visuals and surface chip assays suggest this would be a satisfactory outcome.

    Peggy Sue pegmatites are potentially very extensive so good results from the serendipitous holes at Nelson could be a left field result.

    Difficult to say too much about the rest other than Metzkies is likely to be a smallish deposit with some spectacular grades.

    Fe - magnetics suggest good potential.

    Base Metals and Au - hopefully some pleasant surprises.

    Yin - Perhaps too soon for more assays but happy to see them.

    With a list of pending assays like this it will be interesting to see what is announced.

    [Yin 3 drilling of the northern line was completed by the satellite pass of 29/8.]
    AREASUB AREADRILL FINISHED1/09/2022POSSIBLE RESULTS
    1ILLAARAEARLY MAYDAYS SINCE
    2ILLAARAMETZKIES30/04/2022124GOOD Au TO GENERATE MRE INFERRED
    3ILLAARASPITFIRE5/05/2022119Au Fe - WILDCAT PROJECT
    4ILLAARANELSON25/04/2022129BASE METALS
    5ILLAARAKINGS26/04/2022128Fe GOOD CHANCE OF SUCCESS.
    6ILLAARAPEGGY SUE25-Apr129Li - GRADE THICKNESS CONTINUITY DEPENDENT
    7ILLAARATRAFALGAR25-Apr129Au BASE METALS- WILDCAT PROJECT
    8ILLAARANICKEL?25-Apr129SOILS TAKEN - MAY GIVE TARGET(S)
    9
    10MANGAROONMONEY10-Jun83Ni Cu PGEs GOOD ENOUGH FOR FQM
    11MANGAROONYIN22-Aug10YIN DRILLING COMPLETED
    12YIN 1ST28-Jul35TIME SINCE FIRST RESULTS.
 
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