THE DRILL SERGEANT: Dreadnought Resources (ASX: DRE) reported drilling results from the company’s Illaara gold-VMS-iron ore project in Western Australia.
Dreadnought Resources carried out maiden drilling programs at the mysterious Longmore’s Find and Black Oak deposits.
The drilling is the first ever undertaken at either prospect – Longmore’s Find (13 holes, 1,161m) and Black Oak (7 holes, 711m).
Both prospects confirmed gold mineralisation, including the highest-grade intercept to date within the Illaara Greenstone Belt of:
1 metre at 100 grams per tonne gold from 56m.
“Confirming high-grade mineralisation at Captain Longmore’s Find, nearly 100 years after his prospecting party walked through the area is a watershed moment for Dreadnought,” Dreadnought Resources managing director Dean Tuck said in the company’s announcement to the Australian Securities Exchange.
“This drilling has confirmed the potential for the approximate 10 kilometres-long Metzke’s Corridor to contain multiple high-grade deposits within over a dozen anomalies.
“Furthermore, the Illaara Greenstone Belt has potential to host other multi-deposit camps including Central Illaara and Lawrence’s Corridor.
“Dreadnought looks forward to following up these drill intercepts and commencing target generation and definition work across Illaara.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE