Dreadnought Resources Consolidates Mangaroon Tenement Holdings
THE DRILL SERGEANT: Dreadnought Resources (ASX: DRE) continues to expand its Mangaroon project in Western Australia.
Dreadnought Resources further consolidated ground at Mangaroon via the acquisition of tenement E09/2383, a tenement the company explained complements its existing tenure.
The new purchase provides additional ground with gold mineralisation including a portion of the Jailor target, which is an approx. 370 metres subcropping gold lode that remains open and crosses the boundary into the E09/2383 tenement.
Tenement E09/2383 sits within the Bordah camp scale prosect at Mangaroon.
Bordah is defined by strong gold and base metal anomalism with a similar interpreted lithostructural setting to the company’s Star of Mangaroon prospect.
“The acquisition closes a gap in our tenement position at Mangaroon,” Dreadnought Resources managing director Dean Tuck said in the company’s ASX announcement.
“We already have a dominant position in the region, and we see this tenement as important to the discovery pillar of our strategy for Mangaroon.
“Bordah was identified as an underexplored yet prospective lithostructural setting at Mangaroon.
“Bordah now contains some of our strongest gold and pathfinder in stream sediment anomalies with two targets already defined with high grade gold at Jailor, and an outcropping gossan with coincident VTEM anomaly at Inevitable.
“We believe that Bordah, along with High Range, will continue to deliver compelling targets for discovery focused drilling.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE