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Dreadnought Resources Completes Metzke’s Find Drilling

THE DRILL SERGEANT: Dreadnought Resources (ASX: DRE) has completed its latest round of RC drilling at the company’s Illaara gold-VMS project near Kalgoorlie in Western Australia.

Dreadnought Resources completed six holes at the Metzke’s Find target that has returned visually encouraging intersections.

The company reported the drilling had intersected the targeted lode horizon which consists of sugary recrystalised quartz sulphide veining with a zone of intensely sheared and chlorite, sericite and biotite altered mafic metavolcanics.

Assays are expected during July 2020.

“Dreadnought is pleased to have completed follow up drilling at the historic high-grade Metzke’s Find on time and on budget,” Dreadnought Resources managing director Dean Tuck said in the company’s announcement to the Australian Securities Exchange.

“The visual results are encouraging, and we look forward to announcing the assay results during July 2020.

“In the meantime, Dreadnought is gearing up for a return to Rocky Dam by mid-July to follow up on the recently drilled thick near surface gold intercepts.”

 

Email: info@dreadnoughtresources.com.au

Web: www.dreadnoughtresources.com.au

 

Dreadnought Resources Drilling at Illaara

THE DRILL SERGEANT: Dreadnought Resources (ASX: DRE) has commenced a 12 hole RC drill program at the company’s Illaara gold-VMS project outside Kalgoorlie in Western Australia.

Dreadnought Resources’ drilling will commence with six holes spread across the Rodney, Warspite, Bismarck and Reindler’s VMS targets, all of which have been identified to contain outcropping gossans and conductive EM plates.

Drilling will then entail six holes undertaken at Metzke’s Find to infill 250m of strike beneath the deepest workings associated with a bend in the mineralised structure where previous drilling intersected encouraging gold hits.

“Six EM plates with coincident outcropping gossans will be drilled along with holes beneath the deepest workings and coincident structural bend at the Metzke’s Find,” Dreadnought Resources managing director Dean Tuck said in the company’s announcement to the Australian Securities Exchange.

“We have barely scratched the surface at Illaara with over 100 kilometres of prospective VMS horizon and numerous gold corridors at Central Illaara, Metzke’s and Lawrence’s.”

Once the above-mentioned drilling is complete, Dreadnought will undertake additional target definition work within the Illaara Central Corridor, Metzke’s Corridor, Eastern and Western VMS Horizons and at Rocky Dam followed by additional RC drilling in July/August 2020.

 

Email: info@dreadnoughtresources.com.au

Web: www.dreadnoughtresources.com.au

 

Dreadnought Resources Raises Ilaara Drilling Funding

THE DRILL SERGEANT: Dreadnought Resources (ASX: DRE) is set to commence drilling activities at the company’s Illaara and Rocky Dam gold and VMS projects near Kalgoorlie in Western Australia.

Dreadnought Resources is primed for the drilling to test nine high-quality gold and VMS targets at Illaara and Rocky Dam following a placement, raising $500,000 at 0.4 cents per share.

Drilling will commence at Illaara on the Rodney, Warspite, Bismarck and Reindler’s VMS targets, all of which Dreadnought has identified to contain outcropping gossans and conductive EM plates.

Drilling will then proceed to Metzke’s Find to infill 250m of strike beneath the deepest workings associated with a 15 degree bend in the mineralised structure where previous drilling intersected 2m at 6.8g/t gold and 4m at 1.9g/t gold.

Once this drilling has been completed, Dreadnought will undertake additional target definition work within the Illaara Central Corridor, Metzke’s Corridor and Rocky Dam followed immediately by additional RC drilling scheduled for July/August 2020.

“Dreadnought, in its first 12 months of operations, has been extremely active, with over 80 per cent of its funds going into the ground,” Dreadnought Resources managing director Dean Tuck said in the company’s announcement to the Australian Securities Exchange.

“Dreadnought has acquired and consolidated significant landholdings over prospective under-explored terrain and defined thirty drill ready targets while drilling nine previously defined targets.

“This funding will be used specifically to test nine of our highest ranked targets commencing in late May 2020.”

 

Email: info@dreadnoughtresources.com.au

Web: www.dreadnoughtresources.com.au

 

Dreadnought Resources Defines Gold Anomalies at Metzke’s Find

THE DRILL SERGEANT: Dreadnought Resources (ASX: DRE) has defined a number of gold-in-soil anomalies with strong pathfinder associations at the Metzke’s Find prospect within the company’s Illaara gold-VMS project, located near Kalgoorlie in Western Australia.

Dreadnought Resources identified the anomalies by way of a recently completed ultra-fine fraction soil survey at the approx. 12 kilometres long Metzke’s Find prospect.

The company explained the survey was designed as a first pass program to identify gold-in-soil anomalies and ultimately to generate targets for RC drill testing in 2020.

A 12 hole RC drilling program was carried out at Metzke’s in March 2020 around deeper historic workings that confirmed bedrock gold mineralisation, returning drill intercepts that included:

MZRC012
2 metres at 6.8 grams per tonne gold from 79m, including 1m at 12.5g/t gold from 80m;

MZRC010
4m at 1.9g/t gold from 64m, including 2m at 3.1g/t gold from 64m.

“Our recent RC drilling around the historic workings at Metzke’s Find intersected high-grade gold and highlighted a number of deeper bedrock drill targets,” Dreadnought Resources managing director Dean Tuck said in the company’s announcement to the Australian Securities Exchange.
“Drilling of these targets is planned to commence in May 2020.

“In addition, geophysics and geochemistry have identified that the historic workings are part of a 12 kilometres long anomalous corridor.

“Our recent ultra-fine fraction soil survey over this corridor has resulted in multiple gold-in-soil anomalies with strong pathfinder associations indicative of an orogenic gold system.

“These gold-in-soil anomalies are significant in scale and will be geologically mapped and possibly infilled to further constrain targets for drill testing in 2020.

“Dreadnought has a rapidly growing list of attractive drillready targets at Illaara including the deeper bedrock targets at Metzke’s and our VMS targets at Rodney and Warspite.

“Others will emerge out of our recent corridor work around Metzke’s and from Illaara Central.”

 

Email: info@dreadnoughtresources.com.au

Web: www.dreadnoughtresources.com.au