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Dreadnought Resources Reports High-Grade Indicated Mangaroon Gold Resource

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THE DRILL SERGEANT: Dreadnought Resources (ASX: DRE) reported a JORC Code 2012-complaint Mineral Resource Estimate (MRE) for the company’s Star of Mangaroon project in the Gascoyne region of Western Australia.

Dreadnought Resources declared the MRE as a high confidence Resource with approx. 84 per cent labelled in the Indicated category.

The Resource sits on a mining lease with minimal production permits required and is considered amenable to open pit mining and remains open at depth and along strike.

The numbers have come in at 56,600 tonnes at 12.8 grams per tonne gold for 23,300 ounces gold.

This includes Indicated Resources of 44,400 tonnes at 13.6g/t gold for 19,500 ounces and Inferred Resources of 12,200 tonnes at 9.8g/t gold for 3,900 ounces.

The company labelled the initial Resource as a major milestone in its strategy to become a self-funded explorer indicating it will form the foundation for an open pit scoping study that is currently underway and expected to be completed in the March 2025 quarter.

“We are pleased that the Star of Mangaroon has delivered a high-grade Resource that supports the prospects for commercialisation,” Dreadnought Resources managing director Dean Tuck said in the company’s ASX announcement.

“High grades, near surface and with exceptionally high metallurgical recoveries make the Star of Mangaroon a strong foundation for our self-funded explorer strategy.

“Over the next 12 months, Dreadnought will be focused on bringing the Star of Mangaroon into production and producing cashflow while outsourcing funding, development, haulage and processing to third parties.

“In parallel with this focus on development, will be delivering additional mineable ounces from our other advanced prospects also located on mining leases while building a pipeline of high-grade gold targets for drill testing in 2025.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Dreadnought Resources Intersects Sulphides in First Texas Hole

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THE DRILL SERGEANT: Dreadnought Resources (ASX: DRE) announced the intersection of sulphides by way of diamond drilling at the Texas target, part of the company’s Tarraji-Yampi project in the West Kimberley region of Western Australia.

Dreadnought Resources reported drill hole TXDD001 intersected dominantly pyrrhotite with minor pyrite and chalcopyrite from 56.75 to 57.55 metres hosted within the Ruins Dolerite.

The drill hole was positioned to test the shallow southern extent of a modelled EM plate.

Diamond core has been dispatched for sampling with assay results expected in August 2021.

Drilling of TXDD002, located approx. 150m to the northeast of TXDD001, will test the EM plate further down plunge with a planned hole depth of 180m.

It is expected that this hole will be completed in mid-July.

The company is currently preparing for a RC drilling program at Fuso and Paul’s Find copper-gold, Orion nickel-copper-PGE and Chianti-Rufina copper-zinc-silver targets drilling scheduled to commence in early July 2021.

“Confirmation of sulphides within the Ruins Dolerite is an exciting outcome for the first drill hole at Texas and significantly enhances the prospectivity of Texas as well as the recently defined EM plates at Orion,”

“This is a great start to our exploration program in the Kimberley and we look forward to progressing the diamond and RC drilling programs.”

 

TO READ THE FULL ANOUNCEMENT: CLICK HERE

 

Email: info@dreadnoughtresources.com.au

 

Web: www.dreadnoughtresources.com.au

 

Dreadnought Resources Identifies Kimberley Conductors at Orion

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THE DRILL SERGEANT: Dreadnought Resources (ASX: DRE) received results of a ground based FLEM survey undertaken at the Orion nickel-copper-PGE target, part of the company’s Tarraji-Yampi project in the Kimberley Region of Western Australia.

Dreadnought Resources carried out the program to define nickel-copper-PGE targets at Orion ahead of a 2021 RC drilling program.

The company reported the FLEM survey to have defined three large, strong conductors at Orion which are coincident with magnetic anomalies within the Ruins Dolerite.

“Dreadnought is pleased to have defined three conductors at Orion ahead of the 2021 drilling program,” Dreadnought Resources managing director Dean Tuck said in the company’s ASX announcement.

“These are the strongest conductors defined to date at Tarraji-Yampi and are highly encouraging of a mineralised nickel-copper-PGE system at Orion.

“There are other prospective areas at Orion…we look forward to testing these targets as part of the drilling program commencing in June 2021.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@dreadnoughtresources.com.au

 

Web: www.dreadnoughtresources.com.au

 

 

Dreadnought Resources Identifies Regional Illara Targets

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THE DRILL SERGEANT: Dreadnought Resources (ASX: DRE) announced results of a regional soil sampling program undertaken at the company’s Illaara project in Western Australia.

Dreadnought Resources has analysed over 11,000 soil samples, generating a range of new gold and base metal targets.

The company has follow up mapping and surface sampling underway with an aim to have targets defined for drill testing in the December quarter of 2021.

New targets include five more advanced anomalies:

CRA Homestead, Spitfire and Defiance gold anomalies;
Nelson base metal anomaly; and
Lawrence’s Corridor swarm of pegmatites with anomalous LCT values.

“Before this regional soil program, only portions of the Metzke’s, Lawrence’ s and Central Illaara areas had been covered with first pass soil sampling,” Dreadnought Resources managing director Dean Tuck said in the company’s ASX announcement.

“This program has successfully identified a number of new gold corridors in different lithostructural settings to the Metzke’s and Lawrence’s Corridors.

“Encouragingly, a new base metal VMS target, Nelson, has been defined with the strongest base metal-in-soil anomaly to date.

“The program also highlighted a strong and coherent lithium-caesium-tantalum anomaly within the Lawrence’s Corridor.”

 

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@dreadnoughtresources.com.au

 

Web: www.dreadnoughtresources.com.au

 

Dreadnought Resources Commences Mangaroon Project Exploration

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THE DRILL SERGEANT: Dreadnought Resources (ASX: DRE) has commenced target definition and generation work at the company’s Mangaroon nickel-copper-PGE and gold project near Exmouth in Western Australia.

Dreadnought Resources is undertaking soil sampling at Mangaroon targeting anomalous nickel-copper-PGE mineralisation within the Money Intrusion.

Soil sampling targeting gold mineralisation will then commence over the Edmund and Minga Bar Faults over known gold occurrences at Cullen’s Find, White Well and Michell’s Find.

The company anticipates results of these sampling programs to filter through during April and May 2021.

In addition to the soil sampling activities, Dreadnought intends running a detailed airborne magnetic survey covering the Money Intrusion, scheduled to commence in March 2021.

“We are excited to commence target definition and generation work at Mangaroon,” Dreadnought Resources managing director Dean Tuck said in the company’s ASX announcement.

“For gold, we will assess historical gold mining areas that have never been drilled.

“In addition, we will follow up on historical drilling with high grade-gold intersections.

“For nickel-copper-PGE, there is an extensive outcropping mineralised mafic intrusion with the potential to host high tenor massive sulphides that has never been the subject of a targeted exploration program.

“Mangaroon contains a tantalising mix of precious and base metals potential to progress in 2021.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@dreadnoughtresources.com.au

 

Web: www.dreadnoughtresources.com.au

 

 

Dreadnought Resources Commences Illaara Drilling

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THE DRILL SERGEANT: Dreadnought Resources (ASX: DRE) is drilling numerous targets within the Metzke’s Corridor, part of the company’s Illaara gold-VMS-iron ore project in Western Australia.

Dreadnought Resources is hoping to extend mineralisation at Metzke’s Find, Longmore’s Find and Black Oak.

In addition, the Bald Hill prospect, located at the northern end of the Metzke’s Corridor, will be drilled for the first time.

Prioritised targets will then be drilled along the prospective Lawrence’s Corridor.

“We are excited to recommence drilling at Illaara to follow up the high-grade at Metzke’s Find and Longmore’s Find,” Dreadnought Resources managing director Dean Tuck said in the company’s ASX announcement.

“We will also be testing for supergene and bedrock mineralisation at Black Oak and to put first drill holes into Bald Hill.

“The first drilling campaign along the Lawrence’s Corridor will then commence.

“Target generation work is progressing at our Mangaroon nickel-copper-PGE and gold project and planning is coming together to get back into the Kimberley to drill numerous high-quality base metal targets.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@dreadnoughtresources.com.au

 

Web: www.dreadnoughtresources.com.au

 

 

Dreadnought Resources Scores Big Gold Hit at Longmore’s Find

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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:

LMRC005
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

 

Email: info@dreadnoughtresources.com.au

 

Web: www.dreadnoughtresources.com.au

 

Dreadnought Resources Encounters Further Metzke’s Find High Grades

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THE DRILL SERGEANT: Dreadnought Resources (ASX: DRE) announced the results from eight of 17 RC holes drilled at Metzke’s Find, part of the company’s Illaara gold-VMS-iron ore project in Western Australia.

Dreadnought Resources reported the eight RC holes had all intersected the mineralised lode at Metzke’s Find and included the best intercept the company has achieved to date with results including:

MZRC019
4 metres at 19.9 grams per tonne gold from 45m, including 2m at 39.2g/t gold from 45m;

MZRC021
4m at 10.5g/t gold from 108m, including 3m at 13.8g/t gold from 108m; and

MZRC022
4m at 10.5g/t gold from 19m, including 2m at 20.7g/t gold from 19m.

The second batch of nine holes has been delivered to the lab with the company expecting results mid-October 2020.

The drilling was undertaken to follow up previously encountered high-grade gold intercepts at Metzke’s Find.

“Metzke’s Find continues to deliver high-grade intercepts with MZRC019 returning an approximate 80 gram metre intercept (Au grade x thickness), the best to date,” Dreadnought Resources managing director Dean Tuck said in the company’s announcement to the Australian Securities Exchange.

“We have now confirmed high-grade intercepts from around 20 metres to approximately 120 metres in depth and along 280 metres of strike.

“There are a further nine holes at the lab which will add further intercepts at depth and to the south.

“This is an exciting step forward for Metzke’s Find and Illaara in general.

“We are looking forward to the results from these nine holes as well as our first holes at Longmore’s Find and Black Oak.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@dreadnoughtresources.com.au

 

Web: www.dreadnoughtresources.com.au

 

Dreadnought Resources Drilling at Matzke’s and Longmore’s Finds

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THE DRILL SERGEANT: Dreadnought Resources (ASX: DRE) has started a 36-hole RC drill program at the company’s Illaara gold-VMS-iron ore project in Western Australia.

Dreadnought Resources will commence by drilling 19 holes at Metzke’s Find, where it has previously encountered high-grade gold intercepts.

Once the Metzke’s Find drilling is complete, Dreadnought will move the rig approximately 10 kilometres north to Longmore’s Find and undertake the first drilling program targeting three forgotten historical lodes identified by Captain Longmore in the 1920s.

Longmore’s Find has a Lassiter’s Reef feel to it, having been unearthed by Dreadnought while researching the history of Metzke’s Find in a 1923 newspaper article discussing the results of the No. 3 State Prospecting Party’s discovery six miles north of Metzke’s Find.

Having achieved recent rock chips, up to 18 grams per tonne gold, Dreadnought is excited to accelerate exploration at Longmore’s Find.

“Dreadnought is excited to recommence drilling at Metzke’s Find to follow up on previous significant intercepts,” Dreadnought Resources managing director Dean Tuck said in the company’s announcement to the Australian Securities Exchange.

“As well, we will kick off the first ever drilling at the recently re-discovered Longmore’s Find.

“We have an exciting time ahead with drilling and results from Illaara prior to heading up to the Kimberley.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@dreadnoughtresources.com.au

 

Web: www.dreadnoughtresources.com.au

 

Dreadnought Resources Confirms Copper-Gold Targets

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THE DRILL SERGEANT: Dreadnought Resources (ASX: DRE) declared the confirmation of new targets at the Fuso and Paul’s Find copper-gold targets within the company’s Tarraji-Yampi project in Western Australia.

Dreadnought Resources made the confirmation via the results of 3D inversion of detailed magnetic and gravity data surveys recently undertaken at the Fuso and Paul’s Find targets.

The 3D inversion at the Fuso target refined and confirmed an intense south-east dipping magnetic anomaly with a central gravity anomaly associated with demagnetisation that Dreadnought believes to be a geophysical signature typical of Proterozoic copper-gold deposits such as those seen in Tennant Creek and Mt Isa.

At Paul’s Find, the survey spotted an intense, isolated, reversely/remanently magnetised anomaly with a coincident density anomaly.

Inversion modelling suggests the isolated feature is located near surface, measuring approximately 300m by 200m.

“Dreadnought is excited about the results of these surveys which highlight the scale and attractiveness of our targets in an area which seen no exploration since 1978,” Dreadnought Resources managing director Dean Tuck said in the company’s announcement to the Australian Securities Exchange.

“Fuso and Paul’s Find are large and intense coincident magnetic-gravity targets completely undercover with an abundance of copper-gold-bismuth-antimony smoke.”

RC drilling at Fuso will test the contacts of the magnetic and gravity anomalies as well as the centre of the gravity anomaly.

At Paul’s Find, RC drilling will test the coincident magnetic and gravity anomaly.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@dreadnoughtresources.com.au

 

Web: www.dreadnoughtresources.com.au