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Dreadnought Resources Extends Mangaroon Drilling Targets

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THE DRILL SERGEANT: Dreadnought Resources (ASX: DRE) informed the market it has extended the current drilling arrangements at the company’s 100 per cent-owned Mangaroon project in the Gascoyne Region of Western Australia.

Dreadnought Resources has engaged a RC drill rig to commence drilling the Gifford Creek niobium-rare earth elemets (REE) carbonatite targets in July, immediately following drilling of the Tarraji-Yampi targets.

“We are pleased to…secured a RC rig for programs at Mangaroon,” Dreadnought Resources managing director Dean Tuck said in the company’s ASX announcement.

“The programs at Mangaroon will include extensions to thick, high-grade niobium, testing areas of deeper weathering for niobium accumulations as well as our first test of the exciting copper-gold, zinc-silver VMS target at Tiger.”

The company has picked a Geological Survey of Western Australia (GSWA) Exploration Incentive Scheme (EIS) grant to co-fund the Gifford Creek and Tiger programs.

In addition, a moving loop electromagnetic survey (MLEM) will be completed ahead of the Tiger program to assist with target definition.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Dreadnought Resources Scores Drilling and Geophysical Results from Tarraji-Yampi

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THE DRILL SERGEANT: Dreadnought Resources (ASX: DRE) supplied assay and geophysical results from RC and diamond drilling at the Tarraji-Yampi project, located in the Kimberley Region of Western Australia.

Dreadnought Resources took receipt pf assays and downhole EM (DHEM) results have been received for 11 RC holes and two diamond holes drilled at Tarraji-Yampi in late 2023 that has delivered additional mineralisation and geological understanding for the project.

Two EIS co-funded diamond holes (KMRD056 and KMRD057) intersected laminated, brecciated and semi-massive sulphides extending mineralisation at the Orion deposit a further 100m down dip remaining open at depth and along strike.

Intercepts include:

KMRD057
4.2 metres at 1 per cent copper, 15.1 grams per tonne silver, and 0.01 per cent cobalt from 213m and 0.42m at 1.1 per cent copper, 2.7 per cent zinc, 80g/t silver and 4.1g/t gold from 257.82m; and

KMRD056
1.35m at 1 per cent copper, 0.01 per cent cobalt from 198.6m.

Dreadnought’s modelling of DHEM results from KMRD056 has demonstrated a conductive horizon that sits within a larger (300m x 230m) and highly conductive horizon that extends to the 500m depth of the Orion geophysical anomaly.

“The 2023 drilling program in the Kimberley was challenging and cut short due to unseasonable weather, bush fires and rig breakdowns,” Dreadnought Resources managing director Dean Tuck said in the company’s ASX announcement.

“However, the program still delivered an extension to the Orion mineralisation and confirming mineralisation and or identifying significant off hole conductors from many of the holes drilled.

“And, thanks to the GSWA’s co-funded Exploration Incentive Scheme diamond holes drilled at Orion, there has been significant advancements in the understanding of the mineral systems active at Tarraji-Yampi including that Orion is a copper-gold-VMS system, similar to Degrussa in the Bryah Basin, which will improve our targeting and follow up programs.

“The program remains largely incomplete as originally intended and we look forward to applying our learnings and prioritizing targets for testing in 2024.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Dreadnought Resources Hits Thick, High-Grade Gold at Mangaroon

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THE DRILL SERGEANT: Dreadnought Resources reported assays from 10 shallow RC holes drilled around the company’s Star of Mangaroon gold mine in Western Australia.

Dreadnought Resources said the drilling had returned thick, high-grade intercepts including:

SOMRC004
9 metres at 13.4 grams per tonne gold from 9m, including 2m at 59.4g/t gold from 16m;

SOMRC005
7m at 23g/t gold from 53m including 3m at 48.9g/t gold from 54m; and

SOMRC006
8m at 15.5g/t gold from 89m including 3m at 30.4g/t gold from 90m.

The company explained the drill program of 18 RC holes and 2 diamond holes was designed to confirm and extend mineralisation along strike and at depth from shallow historical drilling in the 1980s and 1990s which also returned high-grades.

“These results have confirmed the high-grade gold potential around the Star of Mangaroon and along the greater than 10 kilometres Mangaroon Shear Zone,” Dreadnought Resources managing director Dean Tuck said in the company’s ASX announcement.

“This comes from the now consolidated project being systematically explored using modern techniques for the first time.

“The Chrysos PhotonAssay technique is also providing more robust and reliable assessment of the nuggety high-grade gold mineralisation.

“Dreadnought’s consolidation of gold projects over the past two years is starting to bear fruit as we advance gold exploration across both Mangaroon and Central Yilgarn into 2024.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Dreadnought Resources Commences Gold Drilling at Star of Mangaroon

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THE DRILL SERGEANT: Dreadnought Resources (ASX: DRE) is undertaking a program of RC drilling at the Star of Mangaroon and Lead Gold Mines part of the company’s Mangaroon gold project in the Gascoyne Region of Western Australia.

Dreadnought Resources is drilling 21 holes for approx. 2000 metres at the Star of Mangaroon that have been designed to confirm and extend mineralisation along strike and at depth where historical drilling in the 1980s and 1990s returned encouraging intercepts.

Drilling of 10 holes for approx. 600m at the Lead Gold Mine hopes to define the controlling structures and location of the lode at depth with only historical shallow workings and no previous drilling to assist with guiding planned holes.

Dreadnought’s consolidation of the Mangaroon region began in late 2020 as the company looked to its nickel and high-grade gold potential that had been identified by a pastoralist who owned Mangaroon Station.

Dreadnought’s consolidated ownership has for the first time allowed for a comprehensive review of the high-grade gold potential in the region.

This is the first-time information on the historical workings and gold occurrences from such a wide range of sources has been compiled.

“Since adding the Mangaroon project to the portfolio in November 2020, Dreadnought has delivered multiple rare earth, critical metal and nickel-copper-PGE discoveries,” Dreadnought Resources managing director Dean Tuck said in the company’s ASX announcement.

“But from day one, we have been keen to pursue and unlock the high-grade gold potential.

“With our 2021-2023 acquisitions of the Star of Mangaroon, Two Peaks, Pritchard, the Lead and the Diamonds Gold Mines, we have consolidated this historical gold field under one ownership structure, we have commenced the first ever systematic gold exploration program that the region has seen since gold was first discovered by pastoralists in the 1960s.

“This drill program marks the beginning of high-grade gold exploration at Mangaroon as we aim to deliver a trifecta of discoveries in three major commodities across the project.

“We look forward to delivering this program and the work ahead.

“Following this program we will roll straight into the follow up drilling at the Money Intrusion funded by First Quantum.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Dreadnought Resources Winds-Up 2023 Tarraji-Yampi Drilling Campaign

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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

 

Dreadnought Resources Identifies Highly Conductive Orion Look-Alike Anomalies

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THE DRILL SERGEANT: Dreadnought Resources (ASX: DRE) reported results from a recently completed FLEM survey at the company’s Tarraji-Yampi project in the Kimberley Region of Western Australia.

Dreadnought Resources said the FLEM survey had complimented recent auger results that identified 14 high-quality targets with similar geochemical and geophysical signatures its high-grade copper-silver-gold-cobalt-zinc Orion discovery.

The company explained the combined auger/FLEM results have identified six coincident geochemical, magnetic and strong conductor anomalies, three of which have identified outcropping mineralisation.

Dreadnought has interpreted a further three moderate to weak conductors from the results with coincident geochemical anomalies, including Thunderer North where an outcropping mineralised vein was identified with what it considers similarities to Grant’s Find and Vanguard.

All targets sit within prospective litho-structural settings and are scheduled to be RC drilled in August/September 2023.

“Tarraji-Yampi had been unexplored for over 50 years prior to becoming Dreadnought’s original flagship project upon listing in 2019,” Dreadnought Resources managing director Dean Tuck said in the company’s ASX announcement.

“Since the Orion discovery in 2021, Dreadnought has significantly enhanced the geological, geochemical and geophysical understanding of this unexplored region.

“This has resulted in fourteen geochemical and geophysical anomalies, hosted within prospective litho-structural settings similar to the known massive sulphide mineralisation at Orion and vein hosted mineralisation at Grant’s.

“With our new understandings and datasets now available, it is worth highlighting that several of these anomalies are stronger, larger and/or higher tenor than those over Orion.

“We are excited about the prospect of making additional discoveries and proving the scale of the copper-silver-gold-cobalt-zinc opportunity at Tarraji-Yampi.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE