Dreadnought Resources Releases Triple Header Announcements

THE DRILL SERGEANT: Dreadnought Resources (ASX: DRE) kept market watchers interested this week by releasing three ASX announcements covering the company’s diverse portfolio of projects.

Dreadnought Resources’ first announcement of the week covered results of reconnaissance sampling at Rough Triangle, part of the company’s Tarraji-Yampi project in the West Kimberley region of Western Australia.

The company explained that Rough Triangle was identified and mapped by Western Mining Corporation in 1958, at which time it was declared a ‘significant lode’, however, Rough Triangle was not sampled, and no exploration has been undertaken there since.

Dreadnought has now sampled Rough Triangle as part of a project wide reconnaissance program assessing historically mapped mineralisation and more recently generated anomalies.

The sampling confirmed high tenor polymetallic mineralisation, including critical minerals antinomy and bismuth, in addition to copper and silver over approx. 600 metres of strike length.

“We have no shortage of outcropping mineralisation at Tarraji-Yampi,”

“There is certainly nothing more exciting than walking along walls of outcrop with copper staining.

“The confirmation of high tenor antimony, bismuth, copper and silver is highly encouraging for a substantial system at Rough Triangle.

“We will continue to assess additional targets while undertaking our drilling programs at Texas, Fuso, Paul’s Find, Orion and Chianti-Rufina.”

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

Dreadnought followed up on Wednesday by announcing results from rock chip sampling of pegmatites at Peggy Sue, part of the company’s Illaara project.

Results achieved at Peggy Sue identified multiple, high-grade tantalum clusters and anomalous lithium.

The company believes these rock chip results indicate a potentially large system.

Future work will look to further map and sample the pegmatites to determine the mineral zonation patterns and define drill targets, likely to commence in the December 2021 quarter.

“Identifying these high-grade tantalum clusters from first pass sampling is highly encouraging,” Tuck said.

“Tantalum is a critical metal where security of supply matters and Peggy Sue is ideally situated in a Tier 1 jurisdiction.

“Going forward, we will be looking to extend the mineralisation and define any zonation within these pegmatite swarms with an eye to vector in towards additional tantalum and potential lithium and caesium zones.”

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

On Thursday, Dreadnought informed everybody that RC drilling has commenced at Chianti-Rufina, which is also part of the Tarraji-Yampi project.

The drilling at Chianti-Rufina is expected to take a week, after which the drill rig will move to Fuso and Paul’s Find copper-gold targets.

FLEM surveys at the Orion nickel-copper-PGE target will be underway at the same time.

Once drilling is complete at Fuso and Paul’s Find, the rig will move to Orion to drill the known EM plates and any additional plates identified by the FLEM surveys.

This program is expected to be completed by the end of July 2021.

“We are embarking on a 21-hole diamond and RC drill program that will test targets over five high-quality prospects, Tuck said.

“To say that we are excited about the potential of this program is an understatement.”

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@dreadnoughtresources.com.au

Web: www.dreadnoughtresources.com.au