THE DRILL SERGEANT: Dreadnought Resources (ASX: DRE) declared the confirmation of new targets at the Fuso and Paul’s Find copper-gold targets within the company’s Tarraji-Yampi project in Western Australia.
Dreadnought Resources made the confirmation via the results of 3D inversion of detailed magnetic and gravity data surveys recently undertaken at the Fuso and Paul’s Find targets.
The 3D inversion at the Fuso target refined and confirmed an intense south-east dipping magnetic anomaly with a central gravity anomaly associated with demagnetisation that Dreadnought believes to be a geophysical signature typical of Proterozoic copper-gold deposits such as those seen in Tennant Creek and Mt Isa.
At Paul’s Find, the survey spotted an intense, isolated, reversely/remanently magnetised anomaly with a coincident density anomaly.
Inversion modelling suggests the isolated feature is located near surface, measuring approximately 300m by 200m.
“Dreadnought is excited about the results of these surveys which highlight the scale and attractiveness of our targets in an area which seen no exploration since 1978,” Dreadnought Resources managing director Dean Tuck said in the company’s announcement to the Australian Securities Exchange.
“Fuso and Paul’s Find are large and intense coincident magnetic-gravity targets completely undercover with an abundance of copper-gold-bismuth-antimony smoke.”
RC drilling at Fuso will test the contacts of the magnetic and gravity anomalies as well as the centre of the gravity anomaly.
At Paul’s Find, RC drilling will test the coincident magnetic and gravity anomaly.
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