Dreadnought Resources Completes Mangaroon Drilling
THE DRILL SERGEANT: Dreadnought Resources (ASX: DRE) was up with the sparrows today to let market pundits know of the completion of recent drilling activities at the Money Intrusion, part of the company’s Mangaroon nickel-copper-PGE project in the Gascoyne Region of Western Australia.
Dreadnought Resources reported drilling of twelve RC holes to confirm nickel-copper-PGE mineralisation, to better understand the morphology of the Money Intrusion, and to provide down hole EM survey platforms to explore the intrusion at depth.
The company claimed the drilling confirmed visual disseminated to net-textured/brecciated sulphide mineralisation in nine of the twelve holes drilled.
Drilling of the intrusion is said to have confirmed a bladed /funnel like shape with magmatic sulphides occurring along the base of the intrusion highlighting the potential for sulphide accumulations at depth.
Dreadnought said the presence of high-tenor magmatic sulphides at the base of the intrusion confirms the intrusion as fertile and highly prospective for nickel-copper-PGE mineralisation.
Down hole EM surveys will commence in July 2022 with survey and assay results expected in July/August 2022.
“The potential of the Money Intrusion to host significant, high tenor nickel-copper-PGE mineralisation has been underscored with nine out of twelve drill holes intersecting disseminated to net-textured nickel-copper sulphides along both sides of a bladed to funnel shaped mafic intrusion,” Dreadnought Resources managing director Dean Tuck said in the company’s ASX announcement.
“With only a handful of relatively shallow holes drilled to date, the Dreadnought-First Quantum team have confirmed a large scale, fertile nickel-copper-PGE system.
“We look forward to the down hole EM survey and assay results and working together with First Quantum to determine the next steps in testing the Money Intrusion.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE
Email: info@dreadnoughtresources.com.au
Web: www.dreadnoughtresources.com.au