Dreadnought Resources Reports Further High Grades From Orion Discovery

THE DRILL SERGEANT: Dreadnought Resources (ASX: DRE) announced assay results from drilling at the company’s Tarraji-Yampi project located in the West Kimberley region of Western Australia.

Dreadnought Resources completed drilling at the Orion target it claimed to have confirmed Orion as a high-grade copper (up to 12.5%), silver (up to 192g/t), gold (up to 34.2g/t), cobalt (up to 1.66%) and zinc (up to 4.3%) massive sulphide discovery with mineralisation commencing from just 1m under cover, extending to at least 240m along strike and 150m down dip.

Orion remains open along strike and at depth. Geophysical modelling indicates the mineralised body could extend to at least 500m depth.

Drilling returned intercepts including:

12 metres at 3 per cent copper, 21.4 grams per tonne silver, 1.7g/t gold, 0.02 per cent cobalt from 1m, including 5m at 5.9 per cent copper, 44.9g/t silver, 3.7g/t gold, 0.01 per cent cobalt from 1m; and

20m at 1.4 per cent copper, 13.4g/t silver, 0.5g/t gold, 0.03 per cent cobalt from 3m, including 3m at 7.6 per cent copper, 116g/t silver, 2.2g/t gold, 0.14 per cent cobalt from 18m.

“Orion continues to deliver high-grade copper-silver-gold-cobalt-zinc intercepts and indications to date are that we have only begun to scratch the surface,” Dreadnought Resources managing director Dean Tuck said in the company’s ASX announcement.

“Furthermore, interpretation of the mineralisation system appears to be similar in character to the magmatic-hydrothermal deposits in the Mt Isa region of Queensland.

“This will form a working hypothesis for future targeting and interpretation of results.

“Furthermore, we have now proven that low-impact, shallow auger drilling can be deployed to screen targets prior to RC drilling.

“This will also provide an invaluable tool to assist in unlocking this developing mineral province.”




Email: info@dreadnoughtresources.com.au


Web: www.dreadnoughtresources.com.au