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Dreadnought Resources Consolidates Mangaroon Tenement Holdings

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THE DRILL SERGEANT: Dreadnought Resources (ASX: DRE) continues to expand its Mangaroon project in Western Australia.

Dreadnought Resources further consolidated ground at Mangaroon via the acquisition of tenement E09/2383, a tenement the company explained complements its existing tenure.

The new purchase provides additional ground with gold mineralisation including a portion of the Jailor target, which is an approx. 370 metres subcropping gold lode that remains open and crosses the boundary into the E09/2383 tenement.

Tenement E09/2383 sits within the Bordah camp scale prosect at Mangaroon.

Bordah is defined by strong gold and base metal anomalism with a similar interpreted lithostructural setting to the company’s Star of Mangaroon prospect.

“The acquisition closes a gap in our tenement position at Mangaroon,” Dreadnought Resources managing director Dean Tuck said in the company’s ASX announcement.

“We already have a dominant position in the region, and we see this tenement as important to the discovery pillar of our strategy for Mangaroon.

“Bordah was identified as an underexplored yet prospective lithostructural setting at Mangaroon.

“Bordah now contains some of our strongest gold and pathfinder in stream sediment anomalies with two targets already defined with high grade gold at Jailor, and an outcropping gossan with coincident VTEM anomaly at Inevitable.

“We believe that Bordah, along with High Range, will continue to deliver compelling targets for discovery focused drilling.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Dreadnought Resources Hits More Thick Niobium at Gifford Creek Carbonatite

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THE DRILL SERGEANT: Dreadnought Resources (ASX: DRE) reported on recent drilling activities at its Gifford Creek Carbonatite, part of the company’s 100 per cent-owned Mangaroon niobium-REE project, located in the Gascoyne Region of Western Australia.

Dreadnought Resources received assays for 19 RC holes drilled at the Gifford Creek Carbonatite, from which mineralisation was identified at both the Stinger and Rocky Road zones with intercepts including:

STINGER

CBRC176
50 metres at 0.9 per cent niobium pentoxide (Nb2O5) from 49m, including 20m at 1.3 per cent Nb2O5 from 56m;

CBRC174
38m at 0.5 per cent Nb2O5 from 58m, including 6m at 1.2 per cent Nb2O5 from 60m;

CBRC175
66m at 0.4 per cent Nb2O5 from 52m, with 15m at 15 per cent phosphorus pentoxide from 103m; and

CBRC189
24m at 0.6 per cent Nb2O5 from 39m, including 6m at 1 per cent Nb2O5 from 48m.

ROCKY ROAD

CBRC179
9m at 0.3 per cent Nb2O5 from 60m;

CBRC185
6m at 0.2 per cent Nb2O5 from 69m.

A further nine holes completed at Stinger confirmed both fresh and thick oxide mineralisation over one kilometre of strike.

Assays from that round of drilling are expected in October 2024.

“The Gifford Creek Carbonatite has produced some of WA’s best niobium intercepts outside the Arunta Province and this program has delivered our thickest and highest-grade intercept to date,” Dreadnought Resources managing director Dean Tuck said in the company’s ASX announcement.

“These results support our staged approach to assessing the Gifford Creek Carbonatite and highlight the significant potential at the Stinger zone to host high-grade mineralisation.

“Next steps at Stinger include assessment of oxide mineralisation and identifying the fresh rock source of the niobium.

“We continue to see the potential for Mangaroon to evolve as a multi-commodity critical metals hub within proximity to existing infrastructure.

“We look forward to receiving the remaining assays from this program.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE