Dreadnought Resources Releases Initial High-Grade Gold Resource at Metzke’s Find

THE DRILL SERGEANT: Dreadnought Resources (ASX: DRE) released an initial Mineral Resource Estimate for the Metzke’s Find gold deposit within the company’s Central Yilgarn project located in the Yilgarn Craton of Western Australia.

Metzke’s Find is located around 200 kilometres from Kalgoorlie where gold was discovered and worked in the early 1900s.

Dreadnought acquired the project in 2020, since when it has completed RC and diamond drilling to delineate the Resource.

The drilling targeted historic workings and anomalous results from sparse historic drilling.

The MRE has come in at 68,400 tonnes at 6.8 grams per tonne gold for 14,900 ounces of gold.

This contains an Indicated Resource of 45,500 tonnes at 7.3g/t gold for 10,700 ounces and an Inferred Resources of 22,900 tonnes at 5.8g/t gold for 4,200 ounces of gold.

“The initial shallow and high-grade Resource over Metzke’s Find is a solid foundation for future discoveries and growth within the widely unexplored Central Yilgarn project,” Dreadnought Resources managing director Dean Tuck said in the company’s ASX announcement.

“This represents the first ever Resource declared over any part of the Central Yilgarn project which covers four greenstone belts.

“We continue to view Central Yilgarn as having significant potential for gold and nickel which will be progressed in the background while we continue to focus on rare earths at Mangaroon.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE