Dreadnought Resources’ Drilling Confirms 3km Strike of Rare Earth Ironstones at Yin

THE DRILL SERGEANT: Dreadnought Resources (ASX: DRE) declared confirmation of genuine scale potential following RC drilling at the Yin rare earth element (REE) prospect within the company’s 100 per cent-owned Mangaroon project in the Gascoyne Region of Western Australia.

Dreadnought Resources said the recently conducted drilling had confirmed the genuine scale potential of REEs having identified mineralised ironstones over three kilometres of strike remaining open in all directions and at depth.

The company has to date, completed 67 RC holes, which besides providing confirmation of the REE ironstones, also include further evidence of parallel lodes along strike.

Dreadnought expressed encouragement from 87 per cent of holes drilled to date having intersected mineralisation as confirmed by pXRF in the field.

That initial enthusiasm will need to be checked for now as initial assay results have experienced delay in the lab and are now expected in late July 2022, with further assays expected to follow regularly thereafter.

“Drilling at Yin continues to exceed expectations,” Dreadnought Resources managing director Dean Tuck said in the company’s ASX announcement.

“With a second rig mobilising to site, we are confident that Yin will produce a substantial initial rare earth Mineral Resource by the end of the year.

“Once drilling at Yin is complete, the rigs will move to Y3 and C1-C5 to test additional REE targets.

“We are seeing genuine scale here with runs already on the board and 66 further anomalies recently identified.

“We also expect to confirm high-grade potential with first assays due back in late July 2022.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@dreadnoughtresources.com.au

 

Web: www.dreadnoughtresources.com.au