Dreadnought Resources Reports Yin Extensional Drilling Results from Mangaroon

THE DRILL SERGEANT: Dreadnought Resources (ASX: DRE) reported early assay results from depth extensional drilling undertaken last year at Yin, part of the company’s 100 per cent-owned Mangaroon project, located in the Gascoyne Region of Western Australia.

Dreadnought Resources has received assays for nine RC holes that were drilled in 2022 as part of a program to extend the Yin JORC 2012 Inferred Mineral Resource.

The company declared all nine returned substantive rare earth element (REE) mineralisation with high neodymium/praseodymium to total rare earth oxide (NdPr:TREO) ratios.

The company anticipates receipt of assays from the remaining 66 holes drilled at the C1-C5 carbonatites in 2022 and subsequent announcement during the March 2023 quarter with first pass wide spaced drilling of C1-C7 scheduled to recommence with the arrival of a second RC rig in March 2023.

The company said the results released today, along with strike extension drilling currently underway, will be used to update the current Yin Resource of 14.36 million tonnes at 1.13 per cent TREO.

“These recent results are as expected and continue to demonstrate the scale potential of Yin,” Dreadnought Resources managing director Dean Tuck said in the company’s ASX announcement.

“Extensional and first pass drilling at Yin is progressing.

“We look forward to having the additional rigs on site and to recommence the first pass, wide spaced C1-C7 carbonatite drilling.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE