Dreadnought Resources Confirms High-Grade Orion Discovery

THE DRILL SERGEANT: Dreadnought Resources (ASX: DRE) claimed confirmation of a high-grade copper, silver, gold and cobalt massive sulphide discovery at the Orion prospect, part of the company’s Tarraji-Yampi project in the West Kimberley region of Western Australia.

Dreadnought Resources reported the discovery via assay results from the first six mineralised follow-up holes drilled at Orion.

The company said the drilling confirmed Orion as a high-grade copper (up to 7.4%), silver (up to 192g/t), gold (up to 34.2g/t) and cobalt (up to 1.66%) massive sulphide discovery with mineralisation commencing from just one metre under cover, extending to at least 240m along strike and 150m down dip.

Orion currently remains open along strike and at depth, however geophysical modelling indicates the mineralised body could extend to at least 500m depth.

“With multiple thick, high-grade intercepts now confirmed we are delighted to declare Orion a high-grade copper-silver-gold-cobalt discovery occurring just one metre below surface,” Dreadnought Resources managing director Dean Tuck said in the company’s ASX announcement.

“With 13 mineralised holes remaining to be assayed, including our deepest, and our oxide and supergene intercepts, we expect more high-grade intercepts to come.

“This is an amazing outcome from what is our second ever drill program at Tarraji-Yampi, the first programs here since 1958/1972 and an indication of the potential for this highly prospective and underexplored ground to produce more discoveries.”




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