THE DRILL SERGEANT: Dreadnought Resources (ASX: DRE) should have a tale to tell at next week’s Gold Coast Investment Showcase following commencement of RC drilling at the REE ironstones and carbonatites, within the company’s 100 per cent-owned Mangaroon project in the Gascoyne Region of Western Australia.
Dreadnought Resources has a drilling campaign of 66 holes underway at the Yin REE ironstone, which has already intersected multiple ironstones from surface with upwards of 50 metres of combined mineralisation to a depth of 180m, with mineralisation remaining open at depth and along strike.
All samples have been analysed in the field by a handheld pXRF unit indicating the tenor of the REE mineralisation and samples have been dispatched to the labs for rush analysis.
Preliminary pXRF results from the first line of drilling at Yin include:
33 metres at 2.5 per cent total rare earth oxides (TREO) from 1m, including 10m at 6.3 per cent TREO from 11m;
17m at 2.2 per cent TREO from 58m, including 9m at 3.3 per cent TREO from 58m;
34m at 2.9 per cent TREO from 95m, including 20m at 4.20 per cent TREO from 104m;
“Drilling of the rare earth ironstones at Mangaroon is off to a fantastic start with every hole of the first drill line intersecting significant thicknesses of mineralised ironstone, Dreadnought Resources managing director Dean Tuck said in the company’s ASX announcement.
“The intercepts have exceeded expectations and puts Yin on the path to be a significant REE discovery.
“Samples have been rushed for assay and as drilling progresses, we will provide additional updates.
“To achieve this result nearly one year to the day of our first rock chips results at Yin is a significant accomplishment and a testament to the hard-working Dreadnought team and our positive working relationships with all stakeholders involved.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE