Dreadnought Resources Extends Rocky Dam Gold

THE DRILL SERGEANT: Dreadnought Resources (ASX: DRE) recently completed a 10-hole RC drilling program at CRA-North, part of the company’s Rocky Dam gold-VMS project east of Kalgoorlie in Western Australia.

Dreadnought Resources reported the drilling program had extended thick, shallow zones of gold mineralisation at CRA-North, returning drill intercepts including:

RDRC012
20 metres at 1.1 grams per tonne gold from 40m, including 5m at 3.3g/t gold from 52m; and

RDRC009
15m at 0.4g/t gold from 13m, including 4m at 1.3g/t gold from 17m.

The drill program was designed to follow up on previous shallow oxide intercepts and proved to be encouraging with all holes encountering oxide mineralisation, generally associated with ferruginous quartz veining in both felsic schists and sedimentary rocks.

Dreadnought hinted that the orientation of the bed rock lode remains elusive and requires greater structural understanding.

Accordingly, the company will undertake a review of the work completed to date, including relogging and detailed structural mapping in the September 2020 quarter.

“The results from the second drill program at CRA-North are encouraging with all holes mineralised and shallow oxide intercepts extending the strike extent of Rocky Dam,” Dreadnought Resources managing director Dean Tuck said in the company’s announceemmnt to the Australian Securities Exchange.

“The thick shallow oxide mineralisation, combined with approximately 300 metres of strike and proximity to Kalgoorlie, continues to make CRA-North an attractive target.

“In the short term, we will increase our structural understanding of CRA-North ahead of future drilling planned for the December 2020 quarter.”

 

TO READ THE ANNOUNCEMENT IN FULL: CLICK HERE

 

Email: info@dreadnoughtresources.com.au

 

Web: www.dreadnoughtresources.com.au