Dreadnought Resources Commences Gold Drilling at Star of Mangaroon

THE DRILL SERGEANT: Dreadnought Resources (ASX: DRE) is undertaking a program of RC drilling at the Star of Mangaroon and Lead Gold Mines part of the company’s Mangaroon gold project in the Gascoyne Region of Western Australia.

Dreadnought Resources is drilling 21 holes for approx. 2000 metres at the Star of Mangaroon that have been designed to confirm and extend mineralisation along strike and at depth where historical drilling in the 1980s and 1990s returned encouraging intercepts.

Drilling of 10 holes for approx. 600m at the Lead Gold Mine hopes to define the controlling structures and location of the lode at depth with only historical shallow workings and no previous drilling to assist with guiding planned holes.

Dreadnought’s consolidation of the Mangaroon region began in late 2020 as the company looked to its nickel and high-grade gold potential that had been identified by a pastoralist who owned Mangaroon Station.

Dreadnought’s consolidated ownership has for the first time allowed for a comprehensive review of the high-grade gold potential in the region.

This is the first-time information on the historical workings and gold occurrences from such a wide range of sources has been compiled.

“Since adding the Mangaroon project to the portfolio in November 2020, Dreadnought has delivered multiple rare earth, critical metal and nickel-copper-PGE discoveries,” Dreadnought Resources managing director Dean Tuck said in the company’s ASX announcement.

“But from day one, we have been keen to pursue and unlock the high-grade gold potential.

“With our 2021-2023 acquisitions of the Star of Mangaroon, Two Peaks, Pritchard, the Lead and the Diamonds Gold Mines, we have consolidated this historical gold field under one ownership structure, we have commenced the first ever systematic gold exploration program that the region has seen since gold was first discovered by pastoralists in the 1960s.

“This drill program marks the beginning of high-grade gold exploration at Mangaroon as we aim to deliver a trifecta of discoveries in three major commodities across the project.

“We look forward to delivering this program and the work ahead.

“Following this program we will roll straight into the follow up drilling at the Money Intrusion funded by First Quantum.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE