Dreadnought Resources Scores Drill Results Across Multiple Metals

THE DRILL SERGEANT: Dreadnought Resources (ASX: DRE) reported drilling results from across the company’s Central Yilgarn project located in the Yilgarn Craton of Western Australia.

The drilling was undertaken earlier this year and took in three target areas of Nelson, Spitfire and Metzke’s Find, confirming a VMS base metals system at Nelson and discovering thick high-grade, goethite-hematite iron ore at Spitfire and extending gold at Metzke’s Find.

Further early-stage work on the project’s nickel and lithium potential continued to show encouragement with further work planned for 2023.

Drilling confirmed a fertile VMS base metals system at the Nelson copper-lead-zinc-silver target with results including:

NERC006
1m at 2.26 per cent zinc, 2.27 per cent lead, 53g/t Ag, 0.1 g/t Au from 157m.

Thick, high-grade, goethite-hematite iron ore was discovered at Spitfire with results including:

SPRC001A
20m at 61 per cent iron, 0.98 per cent aluminium oxide (Al2O3), 2.99 per cent silicon oxide (SiO2), 0.06 per cent phosphorous (P), 8.2 per cent LOI from 22m; and

SPRC014
8m at 60.7 per cent iron, 1.5 per cent Al2O3, 3.9 per cent SiO2, 0.1 per cent P, 6.7 per cent LOI from 16m.

Further high-grade gold was encountered at Metzke’s Find that extend the mineralised structure over 150m north and remains open to the north and at depth, returning:

MZRC050
5m at 6.4 grams per tonne gold from 24m (shallow infill drilling); and

MZRC049
6m at 1.2g/t gold from 66m (extending mineralisation ~100m north).

“These results are a timely reminder of the potential at Central Yilgarn which represents a significant opportunity in an underexplored region,” Dreadnought Resources managing director Dean Tuck said in the company’s ASX announcement.

“We view Central Yilgarn as a valuable project in the portfolio with opportunity for commercialisation of a range of commodities and exploration success.

“Central Yilgarn will be progressed in the background while we continue to focus on rare earths at Mangaroon.”

 

TO READ THE FULL ANOUNCEMENT: CLICK HERE

 

Web: www.dreadnoughtresources.com.au