THE DRILL SERGEANT: Dreadnought Resources (ASX: DRE) announced high-grade REE assays from previously unsampled ironstone outcrops at the Yin prospect, within the company’s Mangaroon project in the Gascoyne region of Western Australia.
Dreadnought Resources reported it had achieved rock chip samples from outcropping ironstones at the 2.5 kilometres long Yin prospect that returned assays up to 11.2 per cent Total Rare Earth Oxide (TREO).
The company claimed the results from the Yin prospect exhibit similar characteristics to the nearby Yangibana REE project that is currently under construction and development by Hastings Technology Metals (ASX: HAS).
To date, Dreadnought has identified twelve REE prospects based on thorium radiometric anomalies coincident with apparent ironstone outcrops.
Eleven other REE prospects remain to be inspected and field work is currently being undertaken to assess these prospects in addition to the strike extents of Yin.
“The number of prospects identified, combined with the high-grades of rare earths at Yin has been an interesting development for us at Mangaroon,” Dreadnought Resources managing director Dean Tuck said in the company’s ASX announcement.
“Further work is underway to determine the potential scale and implications of this opportunity.
“In the interim, we remain focused on drilling at our Kimberley project with rigs and personnel mobilising on schedule in June 2021.”
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