Dreadnought Resources Winds-Up 2023 Tarraji-Yampi Drilling Campaign

THE DRILL SERGEANT: Dreadnought Resources (ASX: DRE) has wrapped up RC and diamond drilling for the year at the company’s Tarraji-Yampi project, located in the Kimberley Region of Western Australia.

Dreadnought Resources has completed 11 RC holes (1,289m) and 2 diamond holes (530.3m) at Tarraji-Yampi, overcoming operational challenges from bush fires and rig breakdowns that resulted in only four targets being tested.

Despite this, Dreadnought declared the program delivered several positive outcomes warranting follow-up.

The drilling included diamond holes KMRD056 and KMRD057 that intersected laminated, brecciated and semi-massive sulphides extending mineralisation at the Orion target a further 100m down dip taking it to approx. 350m wide x approx. 150m long x 250m deep (and modelled to at least 500m deep).

Seven RC holes testing EM conductors intersected mineralisation comparable to what the company had previously encountered around the fringes of Orion.

Subsequent downhole EM (DHEM) confirmed off-hole and edge-hit anomalies, including KMRC053 which produced a strong off-hole conductor.

Dreadnought interpreted these results to indicate some targets have not been effectively tested and require additional drilling.

A further two RC holes drilled into the Ironclad target intersected quartz-sulphide veining along a substantial structure, similar to the Grant’s copper-gold-cobalt prospect.

“This year’s drilling program in the Kimberley has been challenging due to unseasonable weather, bush fires and rig break downs,” Dreadnought Resources managing director Dean Tuck said in the company’s ASX announcement.

“As a result, the program remains largely incomplete as originally intended with only a handful of targets effectively tested.

“On the positive side, mineralisation at Orion has been extended and remains open at depth, thanks to diamond drilling supported by the GSWA’s co-funding Exploration Incentive Scheme.

“Additionally, a number of strong off hole conductors have been identified associated with ‘near miss’ style mineralisation seen around the fringes of the Orion Discovery.

“These remain high priority targets for follow up drilling in 2024.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE