DRE 5.88% 1.8¢ dreadnought resources ltd

Great post mate, and thanks for sharing all of your research and...

  1. 5,674 Posts.
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    Great post mate, and thanks for sharing all of your research and knowledge on here (and same goes to everyone that's contributing and putting in time to analyse and share with all on here).


    "hanging out for the next lot of results & I hope they get a diamond rig in there sooner rather than later to help figure the structure out"


    In relation to the Diamond rig; it's already on-site and drilling, since late last month, per the 25th & 28th July announcements.


    In relation to the next lot of results; we're all eagerly awaiting them, and the ones after those, and the ones after those, and so on for the next 6, 9, 12 months.

    Per the 25th July announcement, there were over 4,000 samples rushed for analysis (and plenty more since then) and we have so far received results for the first drill line/Section A, which returned those outstanding results per the below image:

    DRE - Yin - Section A.jpg


    These discovery-confirming results were delayed at the lab, and the 25th July announcement says that going forward results should flow regularly.

    I'll take that to mean that we should be getting regular (rushed) results, say every 2-3 weeks, for months and months/going forward (especially now that they have another rig drilling).

    In saying that, today is exactly 2 weeks since that 25th July announcement, so hopefully we do get another set of results either later this week or next week, which should be from Section B.

    The below image shows us approximately what to expect next up/from Section B (17m, 21m, 21m, etc, intersections):

    DRE - Yin - Section B.jpg



    Then comes Section C, with 15m, 15m, & 34m intersections:

    DRE - Yin - Section C.jpg





    Then comes the rest of the 3km of mineralisation at Sections D, E, F.



    DRE - Yin - All Sections.jpg




    Looking forward to the next lot of results and the ones after that and the ones after that, at Yin, then Y3, then the Carbonatites, and then from the other 66 additional targets, revealing how big this discovery will be (biggest since Lynas' Mt Weld in 1988 according to the AFR).

    Hasting sitting pretty next door as Australia's next RE producer, with a resource that DRE is potentially already matching (better quality though), and which DRE should outgrow and turn into the Big Brother next door, and if the carbonatites come in then it'll be a totally different ball game to Hastings.


    Cheers,

    GB.
 
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